A Long, Strange Trip for the ‘Uber for Nurses’Read more

Snap's Jared Grusd with The Information's Jessica Lessin. Photo by Erin Beach.

Snap Sees ‘Extraordinary Growth’ in India, Exec Says

By  |  Nov. 20, 2019 10:46 AM PST
Photo: Snap's Jared Grusd with The Information's Jessica Lessin. Photo by Erin Beach.

Snap is seeing “extraordinary growth” in India, both in terms of bringing on new users and getting existing ones to use the app more, Snap Chief Strategy Officer Jared Grusd said on Tuesday. It’s a big change for a company that historically paid little attention to India and instead focused on richer markets like the U.S. and Western Europe.

Over the summer, Snap opened up its first office in India and has launched its professional content section, Discover, in the country with programming in multiple local languages. Growth in India has helped Snap turn around its business: Instead of losing users, Snap has lately posted modest gains. Currently around 30% of Snap’s revenue and 60% of its users are overseas. 

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
CareRev co-founder Will Patterson stepped down as CEO last week. Art by Clark Miller
Exclusive startups venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
Will Patterson was on a hot streak. As the co-founder and CEO of CareRev—a gig-work platform sometimes described as an “Uber for nurses”—he saw his company’s business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers.
Instacart CEO Fidji Simo. Photo by Getty.
Exclusive startups Finance
Growth Wanes at Instacart, Gopuff
Grocery upstarts Instacart and Gopuff haven’t been able to deliver two things at once this year: growth and profits.
Nvidia CEO Jensen Huang. Photo by Bloomberg
semiconductors ai
Why Nvidia Aids Cloud Rivals of AWS, Google and Microsoft
Nvidia’s business of selling chips for artificial intelligence is going gangbusters, but the company faces a looming problem.
PRO
Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence.
The Port of Los Angeles, where Next Trucking has a significant presence. Photo by David McNew/Getty Images.
Exclusive startups Finance
Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information.
Adam D'Angelo photograph by Ko Sasaki. Art by Clark Miller
The 1:1 ai
Adam D’Angelo’s Endless Quest to Answer Everything
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.