Why is Siddharth Mehta so optimistic about India's digital transformation?

Siddharth Mehta, the founder and CIO of Bay Capital, has claimed that India's digital revolution is just getting started and that the internet economy may grow by a factor of ten in the next ten years, reaching more than $800 billion, creating enormous shareholder wealth for many large businesses. In 2030, the financial markets and economy of India will look very different from how they do today.
 
 A number of market segments have consolidated, and it is now clear who the leaders are in the digital ecosystem. Because of the nature of the digital economy, consumers must worldwide tend to favor fewer platforms. Many significant digital consumer technology businesses are now profitable on an EBITDA basis, and PAT profits appear to be on the way. As a result, leading firms will have a much higher percentage of traffic, revenue, and profit. Many of these franchises anticipate going public in the next 12 to 24 months due to their growth and profitability profiles, which will make them highly sought-after by investors in the public market.
 
 In the last 20 years, technology has advanced significantly, and digital technology has permeated every aspect of our daily lives. Consumer internet usage and knowledge are increasing daily, which has a quick impact on customer acquisition costs and raises the overall Life Time Value of the Customer for digital businesses. The entire investing industry has been significantly impacted by this. Siddharth Mehta Bay Capital main investing philosophy is to concentrate on opportunities in India's internet/digital ecosystem as a result of the digital revolution. Mr. Mehta also mentioned that a lot of extraordinary organizations have grown to enormous sizes and are seeing their paths to profitability accelerated. We have a great deal of interest in businesses that are addressing issues that are specifically Indian in distinctly Indian ways as well as those that are aiming to reach India's next billion internet users.
 
 

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