Ravi Srivastava, partner and head of research at Mumbai-based investment fund Bay Capital, echoed this sentiment. He said there is a realisation that technology will continue to play a huge role in people’s lives and will soon become a larger part — somewhere around 10-20% — of the economy.
“Covid-19 has accelerated consumer adoption rates. Digital businesses have gained significant market share and they continue to grow at a rapid pace while reducing their customer acquisition costs, leading to improved profitability,” Srivastava added.
Bay Capital recently invested in startups such as omni-channel eyewear retailer Lenskart and VerSe Innovation, the parent company of news aggregation platform Dailyhunt and short-video platform Josh.
Excerpts from the interview have been covered here on the The Economic Times website :-
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