Published date: 15th July 2025 | Author: Kevin Carter, CIO | EMQQ Global
The promise of India’s tech sector – a potential goldmine for investors
India’s tech sector is undergoing remarkable expansion, driven by a youthful, tech-savvy population, rapid urbanisation, and increasing internet penetration. This vibrant, consumer-focused environment is fostering fertile ground for innovative companies and entrepreneurs to flourish. This too is presenting an attractive opportunity for investors targeting Indian tech stocks. As of mid-2024, there are more than 650 million smartphone users, with internet users surging to over 950 million, underscoring the sector’s vast potential.
Thanks to robust government support through initiatives like Digital India and Startup India, tech startups are also thriving, highlighting a further likelihood for IPOs coming down the pike. The market’s expansive and dynamic nature amplifies the potential for substantial returns, particularly within India’s tech sector.
For investors looking to diversify their portfolios, we believe that the emerging markets internet sector holds promise. India, in particular, may serve as a safe haven in the storm. The “Magnificent 8” of India showcases a handful of high-growth tech stocks transforming various industries across the nation. These companies are at the forefront of innovation, offering unique products and services that cater to the evolving needs of the Indian market.
✈️ MakeMyTrip: Revolutionising travel and tourism
MakeMyTrip is a leading online travel company that has redefined the way Indians plan and book their travel. It offers a wide range of services, including flight bookings, hotel reservations, and holiday packages. MakeMyTrip dominates India’s online travel agency market with a share of over 50%. It boasts roughly 82 million monthly active users. In its most recent quarter, it grew revenues by 25%.
The company’s strong brand presence and user-friendly platform make it a go-to choice for travellers. With the increasing disposable income and a growing middle class in India, MakeMyTrip is well-positioned to capitalise on the booming travel industry.
Info Edge: A powerhouse of online classifieds and recruitment
Info Edge is a dominant player in India’s online classifieds and recruitment space. It owns popular platforms such as Naukri.com, 99acres.com, and Jeevansathi.com, which cater to job seekers, real estate buyers, and matrimonial services, respectively. Info Edge’s online recruitment site attracts over 27 million monthly active users. In its most recent quarter, the company grew sales by 15%.
The company’s diverse portfolio and strong market presence make it a compelling investment choice. Info Edge’s continued innovation and expansion into new verticals ensure sustained growth and profitability.
🍎 Eternal (Zomato, HyperPure, Blinkit): Transforming food and grocery delivery
Eternal’s portfolio includes Zomato, a leading food delivery platform; HyperPure, a B2B marketplace for restaurant supplies; and Blinkit, a fast-growing grocery delivery service. These companies are revolutionising the food and grocery delivery landscape in India, leveraging technology to provide seamless and efficient services.
Eternal’s Zomato maintains 80 million monthly active users. In its most recent quarter, the company grew revenues by 64%, driven by its fast-growing quick commerce unit. The growing demand for convenient and quick delivery options makes Eternal a promising investment in the tech sector.
🔏 PolicyBazaar: Disrupting insurance with technology
PolicyBazaar is an online insurance aggregator that simplifies the process of comparing and buying insurance policies. It offers a wide range of products, including health, life, and motor insurance. PolicyBazaar has a commanding 90% market share and boasts 87 million registered users. The company grew sales by 48% in its most recent quarter.
The platform’s user-friendly interface and extensive product offerings make it a preferred choice for insurance buyers. As more Indians become aware of the importance of insurance, PolicyBazaar is poised for significant growth.
📱 PAYTM: Leading the digital payments revolution
PAYTM is a pioneer in India’s digital payments space, offering a comprehensive suite of financial services, including mobile payments, banking, and e-commerce.
PAYTM helped popularise the use of QR codes and the United Payments Interface (UPI) in India. PAYTM has over 100 monthly active users and is one of the three largest digital payment processors in the country.
The company’s robust ecosystem and widespread adoption make it a leader in the fintech sector. With the increasing shift towards cashless transactions, PAYTM’s growth trajectory looks promising.
👠 Nykaa: Redefining beauty and fashion e-commerce
Nykaa is a leading beauty and fashion e-commerce platform that offers a wide range of products from top brands. The company’s seamless online shopping experience and strong focus on customer satisfaction have earned it a loyal customer base.
Nykaa has grown to serve over 30 million customers across India. In its most recent quarter, the company’s sales jumped 27%. Nykaa’s expansion into physical retail stores and its growing product portfolio position it well for continued growth in the beauty and fashion industry.
🛵 Zepto: Innovating ultra-fast grocery delivery
Zepto is an emerging player in the ultra-fast grocery delivery space, promising deliveries within minutes. The company’s innovative approach and efficient logistics network cater to the increasing demand for quick and convenient grocery shopping.
Zepto’s innovative business model has helped it scale to roughly 31 million in under four years. The company recently reported that its gross order value has quadrupled over the last year. With consumers seeking time-saving solutions, Zepto’s unique value proposition makes it a compelling investment opportunity.
🛒 Flipkart: Powering India’s e-commerce boom
Flipkart is one of India’s largest e-commerce platforms, offering a vast selection of products across categories like electronics, fashion, and home essentials. It has played a pivotal role in shaping the online shopping landscape in India. Flipkart’s annual “Big Billion Dollar Days” helped spark online shopping in India. The company has over 180 million active users and has a commanding 48% share of India’s e-commerce market.
With a strong logistics network, innovative technology solutions, and a customer-first approach, Flipkart continues to lead in one of the world’s fastest-growing e-commerce markets. As internet penetration and digital adoption accelerate, Flipkart is well-positioned to capture the next wave of India’s consumer growth.
Four key drivers behind copper’s growth opportunity
September 2026
Three things investors should consider before investing in uranium ETFs
The Merits of Bottom-Up Investing
El Niño’s ripple effects: How a strengthening pacific pattern is moving different asset classes
August 2026
The forces shaping crypto’s next move
Buried Treasure: How Geopolitical Relief Could Unearth Mining Gains
Canada beyond the headlines: the case for energy, financials, and real estate
Beyond a Chatbot: How can emerging-market platforms monetise AI?
July 2026
Lloyd Capital Outlook
Mag 7 to Lag 7: What a tech stumble says about the potential risks of investing in major indices
Natural Gas – growing source of global energy and uncertainty
What is the cost of rebuilding Ukraine?
June 2026
Why are central banks buying what they once sold?
Defence 2.0: How Drones and Cyber are reshaping investments
What investors should consider before investing in Defence ETFs in 2026
Copper’s role in the world has shifted
The quest for the perfect business
How memory is the AI bottleneck
What does AI mean for cyber defence?
Do drones mean the death of defence primes?
Computing’s next big disruption is already here
May 2026
Why can’t silver supply keep up with demand?
How much will the US military spend on drones?
What does the Iran war mean for travel and North American energy?
April 2026
Navigating geopolitics, energy security and structural demand
Global Instability and the Future of European Energy Security
Canada has what the world needs
March 2026
Ukraine could become the West’s solution for rearmament
Iran crisis – four sectors to keep on your radar
From tanks to code: why the next defence boom will be digital
February 2026
Why cybersecurity and defence may be complementary themes?
Preferred shares and outlook for months ahead
Next stop for global travel
The new nuclear age – why physical uranium matters now
Critical Commodities for 2026
Reconciling responsibility with rearmament
January 2026
The New Age of Tech | Tech Megatrend Outlook 2026
The Future of Emerging Markets: 2026 Market Outlook
Shape of the Markets by PT Asset Management
October 2025
Nuclear Energy – why uranium is back in favour
September 2025
Copper’s less known demand driver: defence
Indo-Pacific Rearmament: How much will defence budgets grow by 2030?
How gold is custodied and why it should matter to investors
Travel in 2025 – strong data drives growth
August 2025
Understanding covered call ETFs
Different approaches to covered call ETFs
The opportunity presented by volatility
Heightened demand for defence in the pacific region
Three drivers of the health care sector in 2025
Equal weighted tech – an interview with Anthony Ginsberg
July 2025
Indo-Pacific Defence: What, Why and How?
The nuclear revival – a new dawn for uranium investment
June 2025
ETFs are getting active – is your portfolio ready?
May 2025
Three themes shaping the future of energy and ETFs to access them
Sharpening the Blade: How traders use leveraged and short crypto ETPs
Practical Uses for Leveraged and Short Crypto ETPs
April 2025
Why it is not too late for European defence
Understanding Daily Leveraged and Short ETPs
The basics of the covered call strategy: Potential income and capital growth
March 2025
Tariffs, Tensions and the Uranium Opportunity
What would a US withdrawal from NATO mean for European defence?
Holding case study: Rheinmetall
Holding case study: Bae Systems
Three themes that are reshaping the gold market
February 2025
ETFs Are Gaining Ground Over Mutual Funds
Europe’s sidelining by US prompts defence spending reality check
Will Europe be forced to defend itself alone?
December 2024
Uranium 2025: Opportunities in a Structurally Undersupplied Market
Copper 2025: The Red Metal’s Next Chapter After a Year in the Black
Midstream Energy: Dividend Growth and Natural Gas Demand Drive 2025 Outlook
Emerging Markets 2025: The Rise of Digital and E-Commerce Giants
2025: A Year for Disciplined Investing in an Uncertain World
Health care’s Comeback: Why 2025 Could Revive the Sector’s Vital Signs
Trump and Tech: M&A Revival, Trade Shifts, and the Rise of Automation
Bitcoin’s Year Ahead: Why 2025 Could Be a Halving Hit
Clear skies ahead: is the travel industry poised for takeoff in 2025?
Golden Era: Why 2025 Could Shine Bright for Gold and Miners
Global Equities Under Trump: A New Era of Tariffs, Taxes, and Uncertainty
Europe rearms for a world of greater geopolitical risk
November 2024
US Election 2024: The Stakes for NATO and the Defence Industry
October 2024
Do the Mag 7 have too much influence over the S&P 500?
Investors don’t care enough about recycled gold
The Royal Mint: A Millennium in the Making
Currency Hedged Physical Gold ETCs FAQs
Why would you use an ETF over a mutual fund?
Five companies leading India’s internet boom
September 2024
Can gold shine through the market turbulence
August 2024
Taking a U-turn: the world may be ready to embrace nuclear
June 2024
AI adds to positive natural gas outlook
Copper – the defining metal of a new age
Trump stance will force NATO countries to spend more whether elected or not
May 2024
The great travel industry rebound
ESG Mining – Turning a brown industry greener
ESG and defence investing: a balancing act
Dominant Magnificent 7 could lose ground to broader tech rally
The fall of Russian defence spending, and the rise of NATO
April 2024
The AI Revolution – a commodities play?
Recycled gold and traceability
Why investors should consider defence
Copper’s new supercycle | Fresh highs and the long-term story
Bitcoin in 2024 – a monumental year so far
March 2024
Gold price rallies but miners need to catch up
Investing in India’s rise – what makes India an ideal emerging market?
February 2024
Global instability – three potential ways to hedge
Energy Transition: The Metal Elephant in the Room
January 2024
HANetf’s 2024 Outlook
December 2023
Two Ways to Invest in Low-carbon Gold
March 2023
US ETFs are not the only ETF wrapper with a tax advantage; Irish domiciled ETFs have one too!
Making Gold sustainable with HANetf’s Recycled Gold ETC and ESG Gold Mining ETF
February 2023
Article | There is no Walt Disney Company in crypto yet…
January 2023
Gold Shining in 2023?
HANetf 2022 wrap up and outlook for 2023: Where did the inflows go?
Key Dates for Digital Assets in 2022
Article | The Merge and Ethereum – what you need to know
September 2022
Article | Why small ETFs are not necessarily less liquid
February 2022
Solar Energy 101 | Understanding the Solar Energy UCITS ETF
June 2021
The Royal Mint ESG Credentials
May 2021
Six Things to Know about Investing in a Gold ETC
August 2020
The Royal Mint Physical Gold ETC (RMAU) Frequently Asked Questions
April 2020
The Importance of the Physical Gold ETC Custodian | RMAU
March 2020
Responsible Gold Bars & Physical Redemption | RMAU | The Royal Mint Physical Gold ETC
Select Your Country
Select Your Investor Type
Choose a brokerage
Choose a product
You are now leaving HANetf's website and accessing a third-party website. HANetf may provide access to information, products, or services offered on websites that are owned or operated by other companies ("third-party websites"). We provide this access through the use of hyperlinks that automatically move you from a HANetf website to the third-party site.
While we do our best to provide you with helpful, trustworthy resources, HANetf cannot endorse, approve, or guarantee information, products, services, or recommendations provided at a third-party website. Since we may not always know when information on a linked site changes, HANetf is not responsible for the content or accuracy of any third-party website. HANetf shall not be responsible for any loss or damage of any sort resulting from the use of a link on its websites nor will it be liable for any failure of products or services advertised or provided on these linked sites.
HANetf offers you links on an "as is" basis. When you visit a third-party website by using a link on a HANetf site, you will no longer be protected by the HANetf privacy policy or security practices. The data collection, use, and protection practices of the linked site may differ from the practices of HANetf sites. You should familiarize yourself with the privacy policy and security practices of the linked website. Those are the policies and practices that will apply to your use of the linked website, not the HANetf policies and practices.
Here are some tips to help you tell if you have left a HANetf website:
Important Notice: HANetf is a provider of Exchange Traded Funds (ETFs) and Exchange Traded Commodities (ETCs). We do not sell investment products directly to individual investors. Our funds are available through regulated investment platforms and brokers. Our only official website is www.hanetf.com. Any other domain is not affiliated with or authorised by HANetf in any way. If you suspect fraudulent activity, please contact your local financial regulator and/or the police and report the website or individual involved.