Viet-Nomics: Southeast Asias Rising Economic Star
Inside Indonesia’s $8Bn BPC Market | Redseer Glow Economy
Consumers Are Hoarding E-Waste—Because They Don’t Know Any Better
What happens to your old smartphone once you replace it with the latest model? Chances are, it’s sitting in a drawer, along with a tangled mess of chargers, earphones, and other outdated gadgets. Multiply this across millions of households, and the scale of India’s e-waste problem becomes evident. Despite being one of the world’s largest […]
India’s New Age IPO Gold Rush: Who Will Win This $1 Trillion Race?
The global IPO landscape had been marked by turbulence, with macroeconomic pressures and high interest rates leading to a subdued market. However, with over 330 listings in 2024, accounting for over 30% of global IPO volumes, India has demonstrated remarkable resilience and investor confidence. India’s IPO performance stands out due to a combination of regulatory […]
Consumer-led E-Waste Market Assessment
India stands at a critical juncture in its e-waste journey—torn between the pitfalls of an unregulated informal sector and the promise of a thriving, sustainable recycling industry. As the world’s third-largest generator of e-waste, the country grapples with inefficient collection networks, environmental hazards, and the untapped economic potential of a sector projected to be worth […]
Why Is India Losing $770 Million in Recyclable Metals Every Year?
What if India could mine billions of dollars worth of metals—without opening a single new mine? Discarded electronics contain massive quantities of gold, copper, aluminium, and other valuable metals, yet most of it is lost due to inefficient recycling processes and the limited presence of formal reverse logistics from consumers to recyclers. Instead of being […]
MENA to see 10 Tech IPOs in 2025
MENA has witnessed a significant surge in IPO activity, with 2022 and 2023 marking the peak, each hosting approximately 50 IPOs. However, a closer examination of the 2024 figures reveals a shift: the growing prominence of digital-first companies in the IPO landscape. Explore this edition to discover the key trends shaping MENA IPOs: The share […]
Recycling or Ruin? The High-Stakes Battle for India’s E-Waste Future
In the race toward digital transformation, India finds itself at a crossroads—one where progress meets an unintended consequence. With every smartphone upgrade, every discarded laptop, and every obsolete appliance, the country inches closer to an environmental challenge that cannot be ignored: Electronic Waste or E-Waste. While rapidly advancing as a global technology powerhouse, India is […]
2025: The Mean Matters
Inside Indonesia’s $8Bn BPC Market | Redseer Glow Economy
5 Predictions for MENA’s Digital Economy in 2025
Redseer Strategy Consultants is proud to present its top five predictions for MENA’s digital economy in 2025, building on a transformative 2024. With consumer demand for digital services expanding across new sectors like Quick Commerce and a record-breaking $10 billion IPO by Talabat, the region’s digital landscape is poised for unprecedented growth. Our analysis predicts […]
The Leading Reports of 2024: A Comprehensive Overview
As 2024 draws to a close, India’s consumer landscape reflects an amalgamation of rapid innovation, evolving consumer preferences, and strategic adaptation. Each of the markets we’ve analyzed this year presents unique opportunities, underscoring the importance of deep market insights and targeted strategies—hallmarks of Redseer’s work. Let’s check out 5 of our standout reports that encapsulate […]
Digital First Companies Driving IPO Momentum in MENA
2024 was a pivotal year for MENA IPOs, marked by both continuity and change. Digital-first companies took center stage, with a notable increase in both the proceeds and the number of IPOs compared to 2023. In this newsletter, we explore some key trends shaping the MENA IPO market in 2024. Read on to learn more: […]
Southeast Asia IPO: A Turnaround Ahead in 2025
Hello Readers, presenting to you the Redseer Southeast Asia IPO index 2025! After a subdued 2024 (Road to IPO), public market listings in Southeast Asia’s consumer internet and digital sectors are expected to rebound in 2025. Improving macroeconomic conditions, such as lower interest rates and political stability, are providing positive momentum. […]
Indonesia’s New Cabinet Powers Up Digital Economy Push
On 20 October 2024, Prabowo Subianto was sworn in as Indonesia’s 8th president following a landslide victory earlier this year. As a former military officer, he is characterized as disciplined, straightforward, and highly-organized. However, heavy expectations loom about Prabowo’s shoulders – especially from the business community. His predecessor, Joko Widodo, brought about ‘Indonesia’s digital spring’ […]
MENA Grocery IPOs – A $100 Bn Unlock for the Ecosystem
Traditionally, the grocery sector has been perceived as relatively stable and predictable, characterized by steady growth, incremental changes, and a limited pace of innovation. The industry’s focus has often remained on consistent product offerings, standard pricing structures, and familiar customer experiences. However, this landscape is evolving rapidly. Firstly, the way consumers are shopping with convenience […]
$100 Bn in IPOs on the Horizon
The MENA grocery sector, now exceeding $100 billion in value, and accounts for 25% of regional consumer spending. Between 2019 and 2023, grocery sales grew by 16%, with forecasts for 2024 projecting a CAGR of 5%. This growth reflects both the market’s resilience and the evolving needs of its consumers. What was once a space […]
Digital Rhino’s to drive >30% of IPOs in the region
In recent discussions about the MENA region’s digital economy, two common notions emerge: the perceived scarcity of unicorns and the limited availability of growth capital. The idea that MENA lacks unicorns—companies valued over $1 billion—has been frequently highlighted and is partly true. This article aims to challenge these misconceptions. Here’s what to expect: 1. There […]
Redseer Predicts a Positive Landscape as Indian Startups Shift to Profitable Growth
The Indian startup ecosystem has demonstrated remarkable resilience, overcoming the challenges of 2023 into a more stable and growth-oriented in 2024. While last year saw a sharp decline in funding and a cautioned & heightened investor scrutiny, the ecosystem has adapted, shifting its focus from rapid, unsustainable growth to disciplined profitability and efficiency. This transformation […]
MENA IPOs: Oasis in the Desert
2024 has been a transformative year for global markets, and we’ve seen a number of critical shifts since our last update. From rising interest rates to fluctuating oil prices, the investment landscape has been anything but stable. In this article, we’ll explore how these economic headwinds are reshaping capital markets, with a special focus on […]
MENA Rhinos on the Charge: Powering $50 Bn in Market Cap
The MENA region is quietly nurturing a unique breed of companies, “the Rhinos,” which are set to create over $50 billion in market capitalization over the next five years. These Rhinos, characterized by $100 million+ valuations, a path to profitability, and steady 15%+ growth, are challenging two prevalent myths about the region: a scarcity of […]
MENA’s IPO Landscape: Technology to Drive Metamorphosis
Over the past five years, the MENA region has navigated global financial challenges with resilience. Mega-deals, strategic privatizations, and the growth of B2C consumer companies have laid a strong foundation for IPOs. Looking ahead, this report explores key shifts shaping the MENA IPO landscape, introducing an IPO readiness index that highlights the Technology sector’s potential. […]
A Postcard from the West Coast
Just returned from San Francisco, where I met with startup investors, founders, and tech-sector friends. There was interest in exploring Asian consumer technology companies, but with a cautious undertone. Why the Caution? US inflation, geopolitical tensions, and upcoming elections cast a shadow of uncertainty. However, there are bright sides: Southeast Asia founders have a unique […]
A Matter of Time: Indonesia’s ‘Carbon Offset Ecosystem’ Kicks Off
Increasing awareness and widespread enthusiasm for the reduction of carbon emissions worldwide has set up an exciting scene for Indonesia’s nascent carbon economy. Indonesia is unique when it comes to carbon, presenting several key attributes: Picking up from our previous piece on climate tech, in this article, we will be diving into Indonesia’s exciting carbon […]
Shifting Sands: 3 Anticipated Shifts in MENA’s booming IPO market
There was a time when Initial Public Offerings (IPOs) in the Middle East and North Africa (MENA) region were a rarity. From only a handful of IPOs taking place annually a few years ago, we currently see around 50 IPOs in the region on an annual basis looking at the data from the previous 2 […]
KSA Digital Economy
KSA’s economy has witnessed the fastest GDP growth rate during the 2021-22 period, driven by pro-business reforms and rising oil prices. Continuous improvement in ease of doing business, social and economic liberalization, and initiatives to attract talent and global businesses will pave the way for future growth. KSA has a thriving tech enabler ecosystem with […]
Indonesian Business Real Winner of 2024 Elections
If you’ve been following Indonesian current affairs, you might be aware that we are inching closer to the first round of the 2024 Indonesian General Elections in February. Nearing the end of his second term, President Joko ‘Jokowi’ Widodo has led Indonesia through one of its most prosperous periods of economic growth in modern times. […]
Resilience or Dry Spell in MENA’s Startup Funding Ecosystem?
As we step into 2024, we’re excited to share insights into the trends that defined the past year and the signals shaping the landscape ahead. In our latest article, we delve into the resilience of the MENA startup ecosystem amidst global funding challenges. 1.Globally, startup funding has been difficult, however MENA has been impacted lesser… […]
Indian Tech’s Trillion-Dollar Trajectory: IPOs Lead the Charge
As the Indian technology ecosystem braces for an unprecedented era of growth, a recent report by Redseer titled “India’s Evolving Tech Fundraising Market,” a collaboration between HSBC and Redseer sheds light on the significant transformations underway. The headline-grabbing projection is that the total market cap of listed new-age stocks in India is poised to skyrocket […]
Recovery, Resilience and building on Optimism for 2024
As we bid farewell to 2023, a year marked by dynamic evolution and unparalleled resilience in the startup ecosystem, we stand on the precipice of 2024, filled with renewed hope and determination. This year’s journey, woven with the threads of recovery, resilience, and digitization, not only tested our mettle but also showcased India’s collective capacity […]
Impact of DPI on the Indian Internet Economy
Over the past several years, India has embarked on a remarkable journey towards becoming a digitally enabled society. This digital transformation has not only reshaped the nation’s socioeconomic landscape but also served as a global model for how technology can be harnessed to uplift and connect diverse and large populations. At the heart of this […]
Southeast Asia – Road to IPO
Southeast Asia’s IPO market remains strong amid global uncertainties, with 85 IPOs in the last six months, raising $3.3 billion. The trend of Southeast Asian companies heading for US IPOs, especially on NASDAQ, signals sustained global interest in the region’s market. However, in contrast to the broader market resilience, IPOs in the new-economy sectors have […]
Singapore – Hub of SEA
Ranked second for ease of doing business, Singapore’s central location in SEA makes it a home for numerous international businesses. In this newsletter, we explore its significance and role as a pivotal hub in SEA. 01. Singapore is considered the hub of SEA, positioned strategically in the middle of SEA countries Singapore is viewed as […]
Digital Disruption: UAE is shaping the future of business
UAE has transformed into a powerful economic force. Today, while accounting for ~15% of GDP, and >15% of tourist inflow to the region. Its strategic location and strong infrastructure have made it a global trade hub over the years. More recently, the pro-business policies of the government have turned the spotlight on investors into the […]
Uncovering the Digital Economy in Malaysia
Indonesia, Singapore, and Vietnam tend to dominate digital economy discussions in Southeast Asia. As a neighbor of such countries, Malaysia’s potential is often overlooked. In today’s newsletter, we highlight some emerging sectors in the country. Malaysia’s digital economy sectors are expected to experience meaningful growth, led by factors such as a high urbanization rate, increasing […]
Spring on the horizon: Funding winter to blow over in 6-12 months
It’s been a frigid period for startups, characterized by tightened investor budgets and a visible slowdown in the fervor that was once the hallmark of the sector. However, beneath the icy exterior, a subtle yet steadfast undercurrent of optimism remains. The belief is that this downturn is just a temporary phase, laying the foundation for […]
Are Indian Tech Startups IPO Ready?
Indian new-age tech companies, characterized by innovation, grew in popularity over the last few years. Their growth was propelled by strong customer love. Moreover, liquidity was amenable to their growth plans. This helped a few new-age companies to go public. In 2022, with the macroeconomic conditions tightening across the globe, the new-age stocks were scrutinized […]
Unicorns at a Crossroads: The Battle for Profitability in Indian Startup Space
In the heart of India’s bustling startup ecosystem, a remarkable transformation is unfolding over last one year. As the world navigates the aftermath of a pandemic and economic fluctuations, the Indian startup ecosystem is making a hard pivot from growth to profitability. Startups and their investors are adapting, redefining priorities, and embracing new business models […]
Shark Tank India: A Win-Win for Startups and Investors
Shark Tank has been a successful business reality series and has managed to capture the imagination of followers across class and ages. While the show is entertainment for most of the viewers, for budding entrepreneurs, it’s a master class in pitching and business negotiation. For the investors and startup owners on the show, it’s an […]
Indonesia Manufacturing: Opportunities Galore For Digital-first Players – Part 3
The nascent segment of eB2B industrials in Indonesia presents an attractive opportunity, especially in the raw material procurement segment, where supply chain inefficiencies exist. The eB2B players are tapping into a promising opportunity for manufacturers looking to digitize their operations as well as providing transparent pricing and project financing solutions to buyers. This article builds […]
Indonesia – A White Space for Indian D2C Brands
Recently, we witnessed the remarkable success of D2C brands in India, as evidenced by their top rankings on Redseer’s Digital Disruptor list. Among the featured categories, electronics and appliances was one where we saw some good brands stealing the show. In Indonesia, this category is captivating a significant share of the e-commerce market, amounting to […]
Tapping into the $430Bn TAM of Southeast Asia: Opportunities for Indian Startups
Indian startups looking to expand overseas should consider Southeast Asia, an attractive geography with tremendous growth potential. According to the Redseer SEA report, the region’s economy has been on a stellar growth trajectory, reaching an impressive USD3.2tn in 2021. What’s more, the population of over 650 million and 70 million SMEs in Southeast Asia are […]
Slowing Consumer Demand: A Double Whammy to Startups in a Funding Winter
The market disruption by the COVID-19 pandemic created phases of growth and slowdowns for startups. As a result, most businesses experienced a net growth that spanned two pandemic waves. However, in CY-2022, global inflationary pressures severely impacted consumer demand. The revenue increase was driven by higher prices, as volumes remained low across the urban and […]
Tech to Drive MENA IPO Boom
The Middle East and North Africa (MENA) region has seen a surge in IPO activity in recent years, with several high-profile companies going public and raising significant capital. To sustain this momentum, the region will need to continue embracing new technologies and innovative solutions to drive further growth. Here we deep dive into the thriving […]
Navigating the Challenging $10-100 Mn Revenue Journey
During the first week of January 2023, the media outlets were abuzz with our finding about startup scaling almost 4x faster currently compared to a couple of decades ago. That is, while startups incorporated in the year 2000 took 18 years to reach US$ 100 million revenue, the ones founded in 2017 took 4-5 years. […]
Digital Economy in Motion
In this article, we look back at what was a landmark year for MENA. Sectors across the digital economy saw rapid adoption and enhanced levels of consumer maturity which helped unravel the potential that the digital economy in the region holds. Here we call out some of the key highlights from 2022. 1. MENA is […]
700 Mn+ Indian Digital Consumer Funnel
Do you know that the internet was introduced in India in 1986 and was available only to the educational and research community? Our recent study shows that by 2030, India’s internet consumer base will surpass a landmark figure of 1 billion. India has come a long way in its journey to becoming the second largest […]
Navigating the Revenue Chasm: Redseer’s playbook to scale from $10 – $100 Mn
Scaling a startup from $10 million to $100 million in Annual Recurring Revenue (ARR) is a formidable challenge, but it is a necessary step for startups that want to establish themselves as industry leaders. The journey from $10 million to $100 million is often referred to as the “revenue chasm,” and it requires a different […]
IPO Landscape in 2023 and Beyond
Internet proliferation in the last few years has led to India having the second-largest internet user base in the world. By 2030, it will be ubiquitous as India expects to have more than a billion internet users across the nation. With the humble beginnings of selling books, the online marketplace has come a long way […]
Looking Back at India’s Internet Economy in 2022
Early 2022 benefited greatly from the COVID-induced growth on the user and innovation front. Post-pandemic times have led to the tremendous growth of both B2B and B2C online marketplace platforms and transformed online shopping from a nice-to-have to a must-have worldwide. Here’s looking back at the market development and the recent research to see what […]
80% of Indian Unicorns & Soonicorns are Profitable or on the Path to Profitablity
The ecommerce logistics sector grew on the back of technology and innovation, to enable e-retail boom in India.
80 Potential Tech/New-Age IPOs in the Next Five Years
The ecommerce logistics sector grew on the back of technology and innovation, to enable e-retail boom in India.
India’s economic growth story is still Intact
The ecommerce logistics sector grew on the back of technology and innovation, to enable e-retail boom in India.
MENA Economy: On the cusp of a digital revolution
MENA’s is riding the digital revolution. The digitally evolved population of Gen Z, Millennials, and Gen X is a fertile ground for digital solutions. Riding in the wake of the pandemic, its digital economy has experienced a manifold growth. It is estimated that 100 million plus consumers will shift to online services in next 5-6 […]
Redseer Ground Zero 6.0 – Golden Age of India Internet | Event Report
The report covers the sectors which were addressed at Ground Zero 6.0: the most recent trends, challenges, growth drivers, and the way forward within each of these sectors.
India’s Journey To $1 Trillion Of Consumer Internet Economy Has Begun
India Internet is surging ahead with >50% y-o-y growth in 2021, and is poised to be a $1 Tn economy by 2030
What’s driving consumer internet in Indonesia?
Indonesia’s e-commerce market is one of the fastest growing globally and accounts for more than half of the SEA e-commerce market
Delivered IPO success to a leading foodtech company
The idea of delivery-only restaurant facilities is not new, and so Redseer had to identify the unique and unaddressed factors in the market to cater to potential customers.
Accelerated Digitization in India Internet Post COVID- Part 2
Contribution of E-Tailing to India Internet spiked massively as the category reached a USD 36 Bn Annualized GMV in June, +30% vs Jan.
ASEAN eCommerce and Logistics: Rising to Deliver – Part 2
Social commerce has seen an uptick in the recent months owing to Covid-19. Lockdown measures have resulted in decreased store time and extremely low footfall in offline stores. Many sellers have moved to the online channel to try and reach buyers and maintain their businesses.
ASEAN eCommerce and Logistics: Rising to Deliver – Part 1
The Seller & SME based in ASEAN countries are highly active on social media platforms. They have been quick to adapt to avenues like FB and Instagram to market and sell their products. This results in a high share of social commerce in most of these markets.
Ground Zero 2 Perspectives- The Accelerated digitization of Indian Retail
Powered by their swift adoption of various front and backend tech, Kiranas were able to sustain their business during COVID and even reach out to a newer set of consumers with the help of these tech tools.
Decoding India Internet post Covid-19 – A Preview
China’s Covid-19 situation has been deescalating in early March, with many signs of gradual recovery along with rebounding consumer confidence.
Impact of Covid19 on Consumer Internet
India Consumer Internet Performance (during lockdown) Published on: 2nd April 2020
Venture Studios – Innovations in start-up building in MENA
Venture Studio – A new business model is emerging to support the start-up building space globally
Go Micro to achieve macro profitability
Internet companies are driving multiple profitability streams, which require focused efforts in the right geographies for effective results.
India internet x profitability: What to watch in 2020
1. Changing macroeconomic and funding scenario in 2020 will see two big themes playing out for India’s internet start-ups Given the macroeconomic trends and the funding environment globally, we were keen to explore how do India’s internet start-ups look like on unit economics at the start of the new decade in 2020. Scanning through our […]
Stepping Into India’s Footprint
India retail banking is poised for disruption as neobanks look to revolutionise personal banking experience.
Sales transformation for changing product portfolio for a leading publisher based in USA
We redesigned the sales motion as well as roles and responsibilities for each sales type keeping the entire sales funnel from marketing, lead generation to customer success in mind.
Government Strategy for ITIs to ensure sustainability
The industrial sector in India is taking a great leap keeping in view the global industrial movements. Likewise, the government is taking an active interest in creations of ITIs for creating a long sustaining development. The study involved creating the strategy for ITIs to ensure sustainability in long-term and optimal usage of budget allocated by […]
Business Model Evaluation And Future Roadmap Development For A Portfolio
Private Equity funds and VCs have taken a great initiative in shaping major businesses in and around the nation. Funds take great interest in contributing and collaborating with emerging initiatives and business plans with thorough research work. One such study is where we helped a fund assess the Physical Education market and conducted competitor benchmarking […]
Business Model Validation and Market Leadership Strategy Development
E-commerce is one of the most blooming sectors these days and is growing at a tremendous pace. Due to the high competition in the market, customer satisfaction has become a very important factor for the business growth. Our client, a relatively new company in the outsourced physical education space wanted their business model to be […]
Helped India-based manufacturing company accomplish employee excellence goals
Management excellence should be centred around employee happiness. However, with new-age businesses constantly evolving, employees often find it difficult to keep pace and thereby lose interest. This is where the role of organisational design comes in. It establishes set principles that convey the business’ clear vision and priorities time and again. This boosts confidence of […]
Feasibility Analysis and Modeller
Redseer created a Feasibility Analysis Modeler for a large hospital chain. It has been designed as per the functionality procedures of the hospitals. This modeller can help the user in conducting all types of financial analysis for a new centre or for any existing centre. Firstly, the financial projections along with the detailed P&L and […]
Delhi Radiology Market – Market Overview
Healthcare market is seeing a sharp growth in many sectors, one of which is radiology (X-rays, MRI, CT-Scans, Ultrasound, Mammography and Dexa are covered in the radiology market). With the emerging trends and technology, it is interesting to see the tremendous scope that this sector has to offer. Radiology is used in the context of […]
