AI, AI investments, AI models, artificial intelligence, Ethan Mollick, GenAI, generative AI, Google, Google Gemini, Imagen 3, News, Project Astra, Project Mariner, Veo 2, What's Hot India Forms ‘Tip of the Spear’ for Global eCommerce Growth By PYMNTS | December 22, 2024 | The world’s most populous country is also one of the most attractive for eCommerce investors.
It’s the tip of the spear of growth, for that sephone numbers in russia ctor, EMQQ Global Founder Kevin Carter told CNBC in an interview Sunday (Dec. 22), not just in emerging markets, but on the planet. Carter’s company, the report said, is behind the The India Internet ETF, which launched in 2022 and up almost 21% so far this year, as of the end of last week. Among the companies Carter has backed is Zomato, which he referred to as the DoorDash of India, and whose stock is up 128% this year.
One of the reasons this year is because the quick commerce business blanket has exceeded expectations, he said. It now looks like it’s going to be the biggest business at Zomato. He added that his confidence lies from the fact that India’s population is only beginning to embrace the digital space. They’re getting their first-ever computer today basically, he said, You’re giving billions of people super computers in their pocket internet access.