(1/) #unicorns and where less obvious opportunity in #AfricaTech might hide… #India produced +35 #unicorns in 2021. While the number is staggering, it's much more interesting to see in which verticals value was created and what one can learn in relation to. Hold on #deepdive:
(2/) 38% #eCommerce. Many in #B2B (not just food and retail). Starting to see some unique & alternative models in continent, but a long way to go. Weaker manufacturing infrastructure and fragmentation makes it more challenging. Could be huge wins for those who crack this one up.
(3/) ~14% #fintech. Not just flashy #neobanks. Helping small merchants accept cash, SMEs and services manage subscriptions and of course access to credit shine above.