Sunday 19 January 2020
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business-standard - 1 month ago

US-based start-up expands in India, Southeast Asia and China

India s building control and energy efficiency market is estimated to touch USD 2 billion a year with a compound annual growth rate (CAGR) of 12 per cent over the next three years, according to buildings technology start-up 75F. The US-based building intelligence solutions provider is opening office in Delhi soon, its fourth office in India. Currently, the firm has an engineering, product development and sales hub in Bengaluru, as well as sales and support services offices in Chennai and Mumbai. We are well established in India and now expanding into the Southeast Asian and Chinese markets, 75F India Country President Gaurav Burman said on Sunday after signing a distribution agreement with Singapore Power for the markets. The agreement was signed on December 6. Burman estimated the combined business potential of USD 2 billion a year from Southeast Asian and Chinese markets with a CAGR of 10 per cent. Having succeeded in both the US and India, we are now expanding from Singapore ...

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