Why Sextech is going to be one of the most profitable tech industries in India ????????

An Indian startup has raised money to make the country’s first locally designed and manufactured vibrator.

“Sangya Project?will use the infusion of capital to develop a line of vibrators, some of which will be remote-controlled. It's also developing an app for sexual wellness and has plans to export it products globally — to anyone who wants them”

source:?Bloomberg

The irony is despite our conservative nature & the fact that buying or selling sex toys is still considered taboo , sex toys sell like crazy in India. As this article puts it

Social mores are?evolving, pushed by?big, global employers?and hastened by the rise of streaming services like?Netflix,?Amazon Prime?and Disney Hotstar. Google’s YouTube has about half a billion subscribers in India, making it?the platform’s largest base, and a swath of short video platforms have made it possible to create and distribute explicit content faster than the government censors can block it.

Our prediction: #Sextech?is going to be one of the most profitable tech industries in India.

#sangyaproject?is doing a great job ( check?out their instagram: creative, engaging and informative) &?Raj Armani?has been part of the ecosystem successfully for a while. But there are others like?MyMuse India?by?Anushka Gupta?,?Bleu Cares?BOLDCARE SOLUTIONS LIMITED?by?Rajat Jadhav?Mohit Yadav?etc?That Sassy Thing?by?Sachee Malhotra

Opportunities in the sector :

1. The sector just doesn’t have high sales but High growth and high margin.

More than 36 million connected sextech devices were in use worldwide last year, an 87% Y-o-Y growth

1. Great Demand, most of it currently untapped

Globally, marketing for connected devices is likely to soar from 3.8 billion USD to 9 billion USD by 2025. North America is spearheading the growth. There are predictions...

The complete article is a free read on Substack ..read below