HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content
Counterpoint: India smartphone shipments were flat YoY at ~153M; Apple shipped 14M iPhones, raising its share of shipments to a record 9%, up from 7% in 2024
HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content
And more than $900 million in annual revenue in India. — Amazon Prime Video has more than three times the subscribers as Netflix in India, according to HSBC.
Counterpoint: India smartphone shipments were flat YoY at ~153M; Apple shipped 14M iPhones, raising its share of shipments to a record 9%, up from 7% in 2024
Apple's iPhone is gaining ground fast in India, shipping about 14 million units in 2025, based on market data shared exclusively with TechCrunch.
Bengaluru-based Amagi Media Labs, an ad tools provider for broadcast and streaming TV, fell below its IPO price in its India market debut after raising ~$196M
Amagi Media Labs, a Bengaluru-headquartered company that sells cloud software used to run and monetize TV and streaming channels …
Private equity firm Everstone combines Delhi-based Wingify, which helps A/B test websites, and Paris-based AB Tasty, which provides experimentation software
Private equity firm Everstone Capital is bringing together India's Wingify — a company that helps businesses test different versions …
India's largest retailer Reliance Retail says its daily quick commerce orders peaked at 1.6M in Q4 2025; market leader Blinkit averaged 2.4M daily orders in Q3
India's largest retailer Reliance Retail says its daily quick commerce orders peaked at 1.6M in Q4 2025; market leader Blinkit averaged 2.4M daily orders in Q3
The rest of the industry is not feeling it. — India's largest retail chain is reporting impressive growth in quick commerce, but the industry is not buying it.
Anthropic appoints Irina Ghose, a former Microsoft India managing director, to lead its business in India, which has the second-largest user base for Claude
OpenAI expands its ChatGPT Go tier to the US and the rest of the world, after launching it in India and some other countries; it will cost $8/month in the US
“We plan to begin testing ads in the free tier and ChatGPT Go in the US soon. Ads support our commitment to making AI accessible to everyone by helping us keep ChatGPT available at free and affordabl...