Accion Venture Lab, the world’s leading seed-stage investor, YourNest, an early stage venture capital fund & few prominent angels have jointly invested Rs. 9 crore  in the Hyderabad-based fintech startup CredRight, a data driven lending platform that provides credit to unserved & underserved Micro, Small, and Medium Enterprises [MSMEs].  CredRight partners with chit funds – which are similar to Rotating Savings & Credit Association [ROSCAs] in the United States but use a reverse auction to distribute pooled funds – across India to acquire customers and use previously untapped chit data, along with other data points, to underwrite a loan for a customer.

Image Source – CredRight

Neeraj Bansal, Co-founder and CEO, CredRight said

CredRight is aiming to disburse Rs. 100 Cr in the next 12~15 months. With this new injection of capital, CredRight plans to further invest in technology, grow its team, and continue its expansion plans to reach even more unserved & underserved customers. Chit funds are the most underappreciated financial inclusion story in India. Registered chit funds, well regulated by States & RBI, cater to more than $10 bn credit demand in India, addressing more than 5 mn missing middle of India for over a century. With digital channels and complimentary lending, the industry has the potential to grow many folds and expand the financial inclusion story even further.

CredRight has partnered with chit funds companies that allows access to MSE’s & their entire past credit history related to chit fund payments and defaults data.  It is a data driven lending platform that provides credit to MSMEs. CredRight partners with chit funds across India to acquire customers and use previously untapped chit data, along with other data points, to underwrite a loan for a customer. RBI Registered chit funds in India have 5 million subscribers, with 50% being MSME subscribers.

By leveraging its proprietary machine learning based credit algorithm, CredRight is able to build significantly better picture of cash flows, ability to repay, and willingness to repay for any applicant. Due to its end-to-end digital process, CredRight can approve loans within 24 hours and disburse funds within three business days.

Paarul Dudeja, Director of Investments for India, Accion Venture Lab, said

With tens of millions of India’s MSMEs cut off from formal financing, CredRight’s innovative new model and use of often-overlooked data can help small businesses thrive.

Sunil Goyal, Managing Director & Fund Manager, YourNest Venture Capital, said

For decades chits are a trusted source of savings and credit in India. CredRight team has intelligently built an algorithm to use the reliable data on the members available with the chit funds. This strong digital platform allows CredRight to have a lower operational cost, conduct multivariate analysis and a continuously evolve its credit model.

The inherent savings led re-payment plan, and the obvious benefits of the fraternities build around friendships, brotherhoods and neighborhood allows better adherence of loan re-payments. We find CredRight has gained access to hitherto untapped alternate credit data-sets to build and roll out a product for ‘Bharat’.

T. S. Sivaramakrishnan, General Secretary of All India Chit Fund Association, said

Chit funds have been serving the financial needs of Lakhs of households in India and like Yoga or Ayurveda, has stood the test of time. With the advent of companies like CredRight who are inducing a healthy dose of digital technologies and risk-based algorithms, Chit Funds can prepare for the oncoming era better and meet the unstated needs of their subscribers better as well as reach out to young generation with more confidence.

More information about CredRight can be found here

With an aim to strengthen its core business and serve the needs of the builders, realty start-up Rentprop4u [earlier coverage here] has announced the launch of the bulk homes business vertical. Named ‘Happy Homes’, the vertical will strive to serve builders and property owners by taking care of the entire building or multiple buildings right from renting them out to managing the properties.

With this initiative, Rentprop4u aims to resolve some of the common hassles faced by property owners and builders with regard to renting. A major concern of owners while letting out a property is to find the ideal tenant. From finding the right tenant and performing a complete background check to offering assured rentals and managing the property, Happy Homes offers full-service rental and property management for owners.

Ravi M, Co-founder, Rentprop4u, said

Builders or owners of multiple units are usually bogged down with numerous problems that accompany property ownership such as rent collection, building repairs and others. We believe that a number of owners will be happy to handover these chores if they find someone trustworthy. Our objective is to take the worry out of renting out homes. Our Happy Homes vertical hopes to make the lives of builders and owners easier by taking on those responsibilities.

With the addition of the new vertical, Rentprop4u plans to acquire 1,000 units in bulk properties by the end of the year. By investing in bulk inventory, we see good returns. Additionally, managing bulk properties is more profitable because of the common use of resources.

As for tenants, Happy Homes will take on all the responsibilities right from offering an EMI facility for the security deposit to setting up gas, internet and telephone connections, furniture, waste management, housekeeping and 24/7 security in addition to minimum paper work and maintenance. Owners can now heave a sigh of relief knowing that Rentprop4u can take care of everything from paper work and rent collection to maintenance.

Launched in 2016 with the vision of taking all the worry of owning and renting a home, Rentprop4u has 520 plus registered properties across Bengaluru. The company aims to expand to other parts of city and South Indian states over the next year.

About Rentprop4u

Rentprop4u is a Bengaluru-based realty start-up offering property management and rental solutions to owners and tenants. Established in 2016, Rentprop4u currently has 1,100 plus registered users and more than 650 happy customers.

The company offers an end-to-end online rental solution for tenants to find suitable properties at zero brokerage with minimal paperwork, while owners can make use of Rentprop4u’s services to manage their properties and maximize their rental income.

KaHa, a Singapore-based end-to-end smart wearable IoT platform company, has launched a concept smart wearable body and wellness-monitoring T-shirt prototype developed in partnership with SIMTech. KaHa has been working alongside SIMTech as a key strategic technology and supply chain partner for the research institute’s latest Collaborative Industry Project [CIP] on Smart Apparel Innovation. This CIP program, focusing on Flexible Hybrid Electronics [FHE], aims to accelerate the adoption of advanced technologies to tap the huge potential of smart wearable electronics and help enhance the local smart wearable manufacturing ecosystem.

Image Source – Smart Apparel

The global apparel market currently stands at US$3.6 billion [S$4.4 billion], and the latest IDTechEx Report forecasts the global wearable tech market to reach US$160 billion by 2025. Singapore’s Smart Nation initiative is designed to develop key pillars of growth, with wearable tech being one of them. The rising global demand in wearable tech and apparel dovetails with Singapore’s building of technological and strategic capabilities to propel the nearly 130 manufacturers in the country and apparel manufacturing industry ahead of emerging competition around the world.

KaHa is one of the few companies globally that provide customizable end-to-end smart wearable IoT solutions which offers flexibility for launching smart networked devices and a one-stop solution for brands to bring exciting smart wearables to their customers. The successful demonstration of the smart garment prototype alongside KaHa’s other wearable products and solutions, builds a promising foundation platform for Singapore’s nascent smart wearable ecosystem.

The smart apparel prototype will be showcased today to over 200 attendees at the CIP’s Kick-off Seminar for the second batch of CIP participants. The event is attended by garment manufacturers for international brands, companies from the electronics, consumer lifestyle, healthcare, hand tools, apparel, textile and fashion industries. The first batch of 10 CIP participating companies started in February 2018.

Over the next five months, KaHa and SIMTech will help bring businesses to the forefront of understanding cutting-edge wearable technology and their applications, and help create prototypes that incorporate smart apparel technology into consumer products. KaHa as the CIP’s strategic partner will help guide local manufacturers, brainstorm for application ideas, and partner them to spin-off the prototypes for the manufacturer’s desired product, such as footwear or for customized use in nursing and healthcare. Adoption and adaption of KaHa prototypes and technologies reduce the initial go-to-market time as well as research and development costs for manufacturers. 

Wirelessly Weaving the Foundation of a Robust Smart Apparel Ecosystem

Co-developed by KaHa and SIMTech, the smart apparel prototype has printed Flexible Hybrid Electronics which captures body vitals and transmits it to a detachable Smart Module on the apparel. The module cleans the data, which is then shared with KaHa’s IoT platform to be analyzed.

It monitors heart rate and automatically alert users when their individual maximum prescribed heart rate reaches 80%. It also tracks electrocardiography [ECG or EKG], and VO2 Max [maximal aerobic capacity], and can be extended to cover other biometric data such as blood pressure and breathing patterns – which will have wide-ranging applications, for example, from sports performance to health and wellness and uniforms for specialized industries such as construction.

Pawan Gandhi, Founder and CEO of KaHa, said

Wearable technology is becoming invisible and incorporated within clothing, jewellery and across all wearables. By becoming inconspicuous and seamlessly weaving it into everyday life, we are bringing the Internet-of-Things to consumers at an entirely different level. In the case of sportswear, this will help people reach their full potential in fitness performance and wellness. With this prototype T-shirt as concept, we open the door to many possible applications beyond sports apparel.

We are excited to share and explore the various possibilities with garment and apparel companies as well as various other manufacturers, and work together to commercialise technologies faster and more cost-efficiently, and rapidly bring benefits to the consumers. We welcome development in technical and specialist uniforms as well, for instance creating a bio-feedback circuit for safety monitoring. We can also see application of smart wearable technology into other sectors such as fashion, healthcare, consumer lifestyle and electronics.

Dr Lim Ser Yong, Executive Director of SIMTech, said

The Collaborative Industry Project initiatives assist Singapore industry to accelerate the adoption of technologies and create innovations in a disruptive global markets. By pooling together resources of small and medium sized enterprises in Singapore and supporting them with innovative capabilities, SIMTech and KaHa gear industries to meet future challenges and capture new markets.

About KaHa

KaHa is the parent company for brands such as COVE and COVENET, unique end-to-end IoT wearable platforms. The company’s leadership team is passionate about the consumer journey, and the platforms have been developed to achieve rapid innovation and learning through data analytics to provide innovative use cases and exciting user experiences. The platforms include electronics design, printed circuit board assembly, application framework for iOS and Android, cloud services, data analytics and smart after-sales service tool. This makes the COVE and COVENET, platforms a one-stop solution for large brands to bring exciting smart wearables to their customers. The platforms enable several services verticals to be incorporated into smart wearables. For more information, please visit KaHa

The General Data Protection Regulation [GDPR], adopted in April 2016 after four years of deliberations, is now in force. The regulation made headlines around the globe with its stricter data protection standards, substantial fines, and most of all, extensive reach. The GDPR affects any organization that holds an EU citizen’s personal data, no matter the size or location. A company based in Asia is as accountable as a multinational enterprise with offices across Europe – as long as it collects and processes the data of EU citizens.

Image Source – GDPR

The regulation also delineated the data protection obligations of affected organizations – from adopting state-of-the-art security methods to providing people more access to and control of their data. Recognizing the sweeping changes required for compliance, the EU authorities granted member states and organizations two years to get ready and prepare. And today, the transition stage is over – the GDPR will now be enforced.

What happens now ?

Enforcement means that organizations should already be processing personal data in accordance with the GDPR – including provisions for data subject rights. Data Protection Authorities [DPAs] of EU member states will also already be able to penalize organizations that are not compliant. Depending on the member state, it is possible that regulators will immediately take action to address any noncompliance. Some regulatory bodies, however, plan on being more lenient with businesses and organizations that have started but not yet completed their compliance efforts.

What is the worst-case scenario? An organization is liable for damages caused by noncompliance and is subject to corresponding administrative fines. The heftiest fine is 20,000,000 euros or up to 4 percent of annual turnover, whichever is higher.

What is the best-case scenario? If an organization is fully compliant with the GDPR, or uses the regulation as a starting-off point and goes beyond the minimum standards, then there are significant advantages. Some benefits would be – secured valuable information, more efficient operations with proper archiving and data management, and increased trust from customers and users.

While the GDPR applies to personal data of EU citizens, the GDPR has sparked a change in privacy regulations across the world. The 2018 enforcement allowed several countries to make their own legislative improvements – the U.K. and Australia are just two of a number of regions that have also updated their data protection laws. This only indicates that GDPR compliance is a good opportunity – not just for multinational enterprises but smaller organizations as well – to keep up with global advances in data privacy and state-of-the-art security.

What should organizations be doing ?

Ideally, all the groundwork for compliance should have been finished by now, and items on the compliance checklist should have been ticked. Organizations should already be able to provide products or services that address their customers’ rights as outlined in the GDPR. Those using third-party applications or suppliers should watch for updates concerning issues like the ‘right to be forgotten’ and stricter user consent standards and make sure they are working properly. Several laws as well as software changes are also expected to be in effect starting today or in the coming months, and organizations should be ready for any necessary changes.

For those not yet fully compliant, some member state DPAs have reassured companies ‘acting in good faith’ or on the way to compliance that they will initially be treated with consideration. It’s crucial to document steps being taken as well as to prioritize addressing potential security risks.

Ready or not, the road to GDPR compliance does not end on enforcement day – assessments and audits should be regular moving forward.

Building better data protection

The GDPR was enforced to set a new standard for data privacy and protection. One key element to this is building in privacy measures from the first stages of development – not patching up problems after they occur. As organizations create new products and applications post-implementation day, privacy by design must be kept in mind.

Through its new rules and standards, the GDPR encourages organizations to rethink existing data management policies and invest in state-of-the-art security for data protection. To reiterate, compliance efforts should be constant after GDPR implementation day; staying up to date with cybersecurity developments plays a major part.

We created an infographic to demonstrate the path well-protected personal data takes – leaving the data subject’s hands and on to an organization for secure processing. It also shows what happens if something goes wrong and what happens if everything goes right.

The Journey of Safe and Secure Personal Data Charting GDPR Compliance

About the Author

Nilesh Jain is the Vice President, South East Asia and India at Trend Micro. For more information, you can visit his profile here.

COMIO Smartphone, India’s emerging mid-segment brand, recognized as ‘The Most Promising Brand by The Economic Times is all set to conquer the market with the launch of its flagship smartphone, the COMIO X1 Note. Competitively priced at Rs. 9,999, the X1 Note boasts of flawless slim ID design with a stylish mirror finish back cover in two colour variants- royal blue and sunrise gold.

With the COMIO X1 Note, the brand which was initially launched in North & West India now forays into the East & South market. The brand will be launching a total of 5 devices in 5K~10K price segment in East & South market including their existing models C-1, P-1, C-2 lite and S-1 lite.

Karnataka is one of the largest markets in the South region and will be of prime importance to COMIO Smartphones. Being a highly ‘value added’ market, the brand will have a strong offline network of 2000 retailers, 35 distributors, 400 after sales touch points and a deeper penetration through 3-4 large format retail chains. COMIO Smartphone will target sales of 15K units per month from the region with an aim to have a 2~3% market share in this year. Special offers that will be offered to consumers will include – Reliance Jio offer, exhaustive COMIO support including screen breakage warranty.

The device has a dual rear camera with 13MP + 5MP AF with Flash and front camera with 8MP. A photographer’s delight, the handset comes bundled with a set of camera modes like portrait/ bokeh, beauty, panorama, social and night mode. Designed to enjoy high definition to the fullest, the smartphone comes with a 6-inch full view FHD+ 2.5D curved display. The 4G-VoLTE dual SIM smartphone is powered by a 1.45 GHz quad-core processor and has a 2,900 mAh battery.

COMIO X1 Note – Royal Blue [L] and Sunrise Gold [R]

Sanjay Kalirona, CEO & Director, COMIO Smartphone, said

We are excited to announce the launch of COMIO X1 Note as it marks our expansion into a pan-India brand. The response we have received from our consumers, retailers and distributors has been tremendous, encouraging us to deliver a product such as COMIO X1 Note, which is one of the best offerings from the brand in the sub-10,000 price segment.

The COMIO X1 Note provides an integrated solution comprising of advanced camera quality, better speed, security features, stylish design and value-added services all-in-one, ensuring an enhanced user experience.

Some of the other features include

  • Android O – Android Oreo picture-in-picture [multiple apps], smarter battery, 2x faster interface, over 60 new emojis
  • A smarter way to unlock your smartphone with Face Unlock feature
  • Secure your smartphone the smartest way with the Intruder Selfie feature
  • Explore magic with the Finger Print sensor: pick calls, unlock device in 0.15 seconds, click pictures, access apps
  • More memory, more space, more fun – 3GB RAM + 32GB ROM, expandable upto 128 GB
  • Never miss a buzz with a Notification LED, nor your favourite conversations with Auto Call Recording feature and Auto Call Back Reminder
  • Personalise your smartphone your way with the Dual Account app
  • Font Application feature with access different stylish fonts and supported with 22 regional languages
  • Pop-up touch feature allows user to use the apps with less number of clicks
  • WPS Office app to view all kind of documents with ease
COMIO X1 Note Spec Sheet

Further to this, Sumit Sehgal, Chief Marketing Officer, COMIO Smartphone, said on the launch

After capturing the hearts of the youth in North & West India, we are excited to widen our reach to South & East market. South is a strategic region for us and Bangalore d will be one of the most important markets with its high number of technology enthusiasts. We will multiply our efforts in this region and engage with the youth to make Comio a preferred brand through our philosophy of ‘Don’t Listen Kar Daal.’

COMIO support – Specially designed after-sales support comprising of 1 year + 100 days warranty, one-time screen breakage warranty, 30-day replacement, a special buy back and upgrade offer allowing you to upgrade your old smartphone. The COMIO upgrade offer allows you an assured 40% return on your old COMIO phone (not more than 12 months old) which will be given if you want to upgrade you existing COMIO phone. Applicable through COMIO official website only.

Reliance Jio offer – Customers can now enjoy unlimited data and talk time offers using a COMIO smartphone. Jio customers to get Rs. 2200 cashback [44*50 Rs vouchers] at the time of 1st successful recharge of INR 198/299 monthly plans. The offer can be redeemed from the 2nd recharge onwards.

Availability – The COMIO X1 Note will available at all key retail stores Pan-India and online platforms – Snapdeal, Flipkart, Amazon, ShopClues and Paytm.

Alibaba, or as the site is now known, AliExpress, is the largest e-commerce store in Asia and has been steadily taking on the shopping giant Amazon. The number of active shoppers using the site in 2017 was a whopping 470 million. Up from 198 million in 2013, this staggering growth is a testament to how popular AliExpress has become.

Image Source – Alibaba-Amazon

And, while the lion’s share of users is in China, India rates in the top three when it comes to the number of users with 6% overall. So, clearly, AliExpress has been making waves in India as well. Can the site take on the big guns? Amazon is a good option for those living in the United Kingdom or the United States for the most part. Those living outside these countries have a very significant disadvantage when it comes to Amazon, though – shipping costs are high.

Sometimes, the shipping costs vastly exceed the cost of the item itself. It is in situations like this that AliExpress usually has a significant advantage. With a lot of the sellers on the site being based in China, and having their shipping costs subsidized, shipping is very reasonable, if charged at all.

The average price of items tends to work out a lot better than on Amazon as well, as the sellers offer very competitive pricing. And they do offer a range of AliExpress coupons and deals. So, you get a massive range of products and some excellent savings at the same time. It is a great deal, but is there a catch?

There is one slight snag with this site. When you are paying a fraction of the cost of shipping or being offered free shipping, you cannot really expect your items to arrive in record time. Depending on where you are based globally, there might be substantial delays. So, you do have to factor that into the equation when considering what purchases you are making. Despite the potential for delays, the site is still very attractive for online shoppers.

The site is well designed and extremely user-friendly. You can tailor your search by category, by price, by how new the listing is, whether or not free shipping is offered, etc. This makes it extremely easy to find exactly what you are looking for.

Found an item and want to make sure that you get the very best price? Simply take a screenshot of the photo, and run an image search – the site will be able to search through and bring up any other similar products. From there you can filter the options to find the best price, if any sellers offer free shipping, etc. And I do recommend checking this out – sellers can offer goods at very different pricing. Some charge less for the item but add on a shipping charge, so do watch that carefully as well. Overall, though, if you want a good deal online, and you want to save on shipping, check out the site. Just be warned, you are going to see a lot of things that you will want.

Image Source – Alibaba Infographic

SMARTup is a series of round table knowledge sharing and networking events being organized by ah! Ventures & meetingsandoffices as part of their endeavour to connect the start up fraternity and create valuable business centric conversations between domain specialists and entrepreneurs.

The focus of these events would be to deal with issues and problems that plague young companies and divert their focus from their core competences and business. Issues such as business planning and strategy development, aligning immediate and long term goals, generating investor interest, scaling a business, managing cash flows, building sticky relationships & customer loyalty, getting paying customers, regulations, compliance, understanding term sheets, understanding how to go about building your tech as a non-techie without a tech co-founder, sales and marketing processes, how to focus on and enhance the logic of business, what is the role of IoT in business, when do you need AI and what does Ai mean beyond chatbots for your business etc. will all be amongst the critical topics that would be covered under the series. [Source]

Note – Himanshu Sheth’s Blog is also an Outreach Partner for the event !

SMARTup is a focused and enriched networking and knowledge sharing experience that will bring tremendous value to entrepreneurs and young businesses. Each SMARTup event shall have limited seating.

SMARTup has travelled across 10 cities in India and of the 190 startup companies that participated, 10 are already shortlisted for funding on the ah! Ventures Funding Platform. Chennai startups, it’s your turn now to talk in 1-on-1 Meetings with investors to scale your business and reach the next level. You could be the next startup on the funding shortlist!

Minimum 3 1-on-1 Investor Meetings Guaranteed to Gold Pass Participants !!!

The event would be held at CoWrks OMR, Chennai on 16th June, 2018. For registration, please click on the link below

The gaming industry has changed globally at an exponential rate over the past five years that the face of gaming has transformed before our eyes, both literally and figuratively. The Indian digital gaming industry is growing rapidly, according to a recent KPMG report Indian online gaming industry will add 190 million gamers and become a USD one billion opportunity by 2021, from USD 290 million today [Source].

Image Source – Gaming

Similarly, with PC gaming’s explosion of popularity have come many new hardware and software entrants, introducing innovation and developing an opportune industry, which has lured even more intrigued spectators into the gaming world.

As the figurative face of gaming has changed, so have people who think themselves as a ‘gamer’. Looking to set the record straight on the profile of today’s players, Dell partnered with a third-party research firm, Researchscape, to conduct an extensive online survey of 5,763 video game players from 11 countries [Australia, Brazil, Canada, China, France, Germany, India, Japan, New Zealand, UK and U.S.] on today’s gaming habits, attitudes and the wider gaming community. To qualify for the study, respondents had to play video-games on desktops or laptops for at least one hour, a week. In India, 587 respondents participated and here are the findings:

Who is today’s gamer ?

The survey results confirm today’s gamer is not the stereotypical teen loner playing in his parents’ basement. He’s a coworker with two kids, the woman at the gym, a fellow volunteer – and most commonly, a spouse, sibling or friend. But they all have in common that they proudly call themselves a ‘gamer’. Gone are the days that being called a ‘gamer’ is derogatory.

  • According to those surveyed, very few respondents feel either ‘judged’ [12%], ‘childish’ [18%] or ’embarrassed’ [7%] on being called a ‘gamer’. Instead, they consider ‘gamer’ a positive label and feel ‘smart’ [55%], ‘cool’ [55%], or ‘excited’ [51%] as a result.
  • Through online platforms and social media, fueled by the popularity of e-sports and innovations in PC gaming rigs, the gaming community is growing in size, diversity and inclusiveness. Gamers are not shy about sharing their love of gaming with others and inviting others to share in the enjoyment.
  • 39% have introduced three to four friends or family members to gaming, and 40% have introduced five or more. With the accelerated pace at which gaming is going mainstream, it’s safe to bet those unfamiliar with gaming will start to see it pop up in their daily lives before they know it.

Why do people say they game ?

  • People are increasingly turning to video games for relaxation [58%] and playing with friends [58%] as well as relieving stress [51%]. About 28% of gamers are not concerned with their skill level, yet ironically, no one likes to be identified as a ‘noob’ [gamer code for the new kid on the block].
  • Just under 6% identified as noobs, while 13% consider themselves to be just beyond noob level; 28% identify as casual gamers, 37% as ‘pretty darn good’, and 17% feel they can compete with pro gamers.

A diverse community

Once the dominion of young men, gaming has become a welcoming community, accepting of whomever is behind the computer.

  • When it comes to being matched with rival gamers, culture/ethnicity [19%], political views [13%], and sexual orientation [15%] are for the most part inconsequential to a player. What matters most is the other gamer’s skill level [45%].
  • More than 80% of gamers said they do not care about the gender of the rivals they are matched with online, which could explain the sharp increase in female gamers in recent years. One in two players [52%] has a female friend who plays video games.
  • Almost [48%] have a sister who plays, and 18% said their daughter does. Female gamers tend to breed other female gamers and are far more likely to have other women in their lives who also game than male gamers. [58%] women have women friends who are gamers while [46%] men have women friends who are gamers.

Debunked- Gamers do not have lives

Contrary to outdated stereotypes about the reclusive gamer, many lead busy lives with many outside interests.

  • When not gaming, their attention is spent on music [68%] and spending time with family [57%] or friends [57%]. Traveling [56%] and reading and writing [40%] were also popular.
  • Gamers in Brazil [46%], China [46%], and India [41%] enjoy breaking a sweat to stay fit, while their American neighbors are almost as sports-mad as the PC gamers from India are [46% vs. 58%].

Gaming isn’t just playtime – it can also hone beneficial skills

  • 50% Indian gamers feel that gaming makes them a strategic thinker. They top the list when it comes to their counterparts in other countries like Brazil [43%], Australia and USA [42%]. The consensus among the respondents was that gaming helped improve one’s cognitive abilities and skill development.
  • Of the gamers who spent anywhere between 10~40 hours gaming, 48% believed that their response to stimulus has increased and 49% agreeing that they were great at problem solving. 31% of gamers who gamed for 20~40 hours agreed to have an enhanced sense of peripheral vision and 51% believed that they had faster hand-eye coordination movements.

Gamers are willing to forego basic needs for the love of gaming

  • Gamers spend a median of six to nine hours per week playing video games with 23% spending 10~19 hours and 21% gamers spending 20 or more hours per week playing. Players say they know gaming is their priority when they feel like sacrificing sleep [37%] and eating [32%].
  • Yet today’s gamers are unlikely to skip out on social commitments for gaming, with less than one out of two saying they would bail on holiday celebrations [46%], a friend’s celebration [40%], a family birthday [36%], or a professional sporting event [26%] to game instead.
  • Indian gamers are willing to give up candy/sweets [34%], their favorite television show [35%] and social media [37%] to play games. As might be expected, younger gamers [39 years and younger] are willing to give more things up than those 40 and up.
  • While skill level is important, losing is not the end of the world. Only 35% Indian gamers said that losing an intense match is worse than a low battery, 35% that it is worse than traffic jams, and 30% that it is worse than a cold shower.

Hardware preferences/choices of today’s gamers and the virtual future of gaming

  • Even with the availability of multiple gaming devices, Desktops are the most preferred device by Indian gamers [68%] with Dell being a preferred choice of desktop and laptop for Indian gamers.
  • With an upward growth in VR and AR gaming in India, VR compatible devices are being readily accessible to people. More and more gamers are opting in for the virtual reality experience. When asked what they think about the future of gaming, nearly half of the Indian gamers said that new hardware and graphics innovation VR [48%] and virtual arcades [31%] excites them.

Survey methodology

Researchscape conducted an online survey of 5,763 video game players, age 14~87, from 11 countries [India, Australia, Brazil, Canada, China, France, Germany, Japan, New Zealand, UK and U.S.] and in six languages in order to better understand gaming habits, attitudes and the wider gaming community. In India 587 respondents took the survey. To qualify for the study, respondents had to play video games on desktops or laptops and had to play for at least an hour a week. They did not need to identify as gamers, and 7% said they did not. The survey was fielded from Dec. 9, 2017, to Jan. 30, 2018.

Nearly half of respondents were in their 20s [26%] or 30s [22%]; 12% were teenagers [14-17]. Gamers were split nearly evenly male [52%] and female [47%]. Many were married and living with a spouse [42%] or a partner [15%], and half had children or stepchildren [52%].