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                                                                                    • COVID-led disruption in tech companies | Venugopal Garre Managing Director, Bernstein to ET Now

                                                                                            COVID-led disruption in tech companies | Venugopal Garre Managing Director, Bernstein to ET Now
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                                                                                                    • Covid-led disruption has led to a boom for consumer tech companies. Venugopal Garre, Managing Director, Bernstein says that the pandemic has led to an acceleration in demand and a tremendous shift towards digital adoption. “This is a fairly interesting phase for consumer tech companies tapping into the IPO market”, he says. A lot of business models have accelerated their pace in terms of making a dash for the IPO market in a bid to ride the favourable market dynamics. Garre highlights the emerging consumer tech themes which have great potential for growth as well profitability. Scaleup and competitive potential are the two important parameters one needs to monitor, he adds. B2C and e-commerce hold big promise, according to Garre. In fact, even a couple of B2B companies have started participating in the retail digitisation opportunity offered by the changing landscape, he points out. According to Bernstein, another pocket that has the potential to cook up a storm is the food delivery business. The opportunity to thrive is immense here as the space is primarily dominated by 2-3 players now. Edutech is something that Venugopal finds very exciting. “Edtech is more like IT services where I think India has significant role to play. The significantly good cost models offered by India will pave the way going forward.”

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                                                                                                                                                                                                              Mumbai: 26 out of 118 vaccination centres run out of vaccines, only two days of stock left

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