Archive - India Dispatch

PhonePe's $15 Billion IPO and the Cost of Building on Government Rails

India's largest payments company has comparable financials to the rival it was supposed to have surpassed.

18 hrs ago • Manish Singh

January 2026

Netflix Said To Have 20 Million Paying Subscribers in India

Amazon Prime Video has more than three times the subscribers as Netflix in India, according to HSBC.

Jan 22 • Manish Singh

The Mystery of Reliance's Quick Commerce Growth

The rest of the industry is not feeling it.

Jan 17 • Manish Singh

Peak Exits, Peak Anxiety

It was the best of times, it was the worst of times.

Jan 8 • Manish Singh

December 2025

The AI Revolution Needs Plumbers After All

How Indian IT learned to stop worrying and sell the AI shovel

Dec 26, 2025 • Manish Singh

Groww Has To Find More Ways To Get Paid

India's largest broker has to figure out more ways to get paid.

Dec 19, 2025 • Manish Singh

The Inevitable Shape of Cheap Online Retail

Why platforms in China, Southeast Asia and India ended up as ad-and-credit businesses disguised as marketplaces.

Dec 8, 2025 • Manish Singh

November 2025

The Silence of the Classics

Saregama, India's oldest music label, missed the 1990s. Now it's paying to catch up.

Nov 25, 2025 • Manish Singh

The Nine Indias

The headline number describes 82 million people while 1.2 billion others live on a fraction of that amount

Nov 19, 2025 • Manish Singh

Weighing the Cost of Smaller Appetites

As GLP-1 drugs go generic in India, the same consumers who made food delivery profitable might start skipping meals.

Nov 12, 2025 • Manish Singh

Paying 230 Times Earnings

India trades like nowhere else.

Nov 5, 2025 • Manish Singh

October 2025

A Tale of Two Indias and Three E-commerce Models

Quick commerce conquered the cities, Meesho captured the heartland, and the old giants are squeezed between both.

Oct 22, 2025 • Manish Singh

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