MAM
Flash.co appoints Amit Verma as chief product and technology officer
Mumbai: Flash.co, the fast-growing consumer app building a unique shopping experience for online shoppers, is pleased to announce the appointment of Amit Verma as its chief product and technology officer (CPTO). This move comes as Flash.co accelerates its growth in India and prepares for an expansion into global markets starting this year.
Amit Verma is an alumnus of IIT Kharagpur and the former chief technology officer at Practo. He brings extensive leadership experience, having successfully led technology teams at Big Basket, Ola, Oracle, and Yahoo. His appointment at Flash.co is a significant step towards the company’s goal of transforming the shopping experience for the top 250 million shoppers worldwide.
Since its launch in April 2023, Flash.co has rapidly built up a user base of 600,000 plus users, achieving an annual run rate of tracking over 12 million orders across 2200 plus brands. Backed by Blume Ventures and Global Founders Capital, the company has secured over $12.5 million in funding, positioning itself for a highly anticipated US launch in the coming months. The platform aims to revolutionize customer shopping experiences with features like seamless shopping tracking, AI-powered spam-free inbox, in-depth spending analytics, personalized lifestyle rewards and more.
Speaking about joining Flash.co, Amit Verma, expressed his delight and added, “I am really excited to join the Flash.co team, drawn by the problem statements being solved & their global aspirations. My immediate focus would be to re-architect the existing systems for stability and scalability required for global expansion. I would focus on nurturing the culture of customer centricity, speed & innovation, creating next generation products for both customers and brands.”
Flash.co CEO Ranjith Boyanapalli expressed his excitement about Amit’s appointment and said, “We are thrilled to welcome Amit as our CPTO. He will be integral to the company’s commitment to delivering exceptional global products in the coming days. Flash.co is eager to witness its next growth chapter under his leadership and acumen.”
MAM
India’s experience economy grows as live events market hits Rs 17,000 crore
EY-Parthenon and BookMyShow report finds 78 per cent Indians prefer experiences over products
MUMBAI: India’s live entertainment scene is no longer just about music, comedy or festivals. It is increasingly becoming a powerful stage for brands seeking deeper connections with consumers.
A new report titled Beyond Attention, Into Immersion by EY-Parthenon and BookMyShow suggests that India’s experience economy is entering a strong growth phase, driven by consumers who are choosing memorable moments over material purchases.
According to the study, the country’s live events ecosystem, which includes concerts, comedy tours, festivals and immersive exhibitions, is estimated to reach around Rs 17,000 crore in 2025. The growth reflects a broader cultural shift in how Indians spend their time and money.
The report finds that 78 per cent of Indian consumers now prefer spending on experiences rather than physical products. From attending concerts and festivals to participating in interactive brand installations, audiences are increasingly seeking engagement, community and shareable moments.
This change in consumer behaviour is particularly evident among younger audiences who want to participate rather than simply watch. Instead of passively consuming entertainment, many now look for experiences that allow them to interact, express themselves and connect with like minded communities.
For marketers, this shift has turned experiential marketing into a strategic priority rather than a promotional add on. Brands are moving away from interruption driven advertising and towards immersive formats that allow consumers to discover, test and emotionally connect with products.
The report suggests that experiential marketing now plays a role across the entire consumer journey. It can spark brand discovery, strengthen storytelling, encourage product trials and ultimately influence purchase decisions and loyalty.
The impact is already visible. Post event surveys conducted among 7,450 attendees at major events including Lollapalooza India and concerts by Ed Sheeran and Guns N’ Roses highlight the effectiveness of these experiences.
Around 59 per cent of attendees recalled brands they interacted with during the events, while 55 per cent said those interactions increased their likelihood of purchasing from the brand. A further 63 per cent reported that brand activations actually enhanced their event experience rather than distracting from it. Nearly 29 per cent also said the interaction improved their perception of the brand.
Brands are also changing the way they approach events. Instead of simply putting logos on stages or banners, companies are building experiences into the fabric of the event itself.
Financial services brands, for example, are offering early ticket access, exclusive lounges and curated event experiences for cardholders. Fashion and beauty companies are using festivals to showcase products through pop ups, interactive installations and social media friendly spaces that encourage visitors to share their experiences online.
The scope of experiential marketing now stretches far beyond live entertainment. Retailers are designing experiential stores where customers can explore products in lifelike environments. Entertainment platforms are extending popular intellectual properties into immersive exhibitions and fan events. Technology is also playing a growing role through augmented reality and virtual try on tools that blend digital discovery with physical interaction.
Cultural festivals remain one of the most powerful platforms for such engagement in India. Celebrations such as Navratri and Holi bring together large communities, emotional participation and heightened consumer spending. For brands, these moments offer an opportunity to become part of the celebration rather than simply advertise around it.
Despite the momentum, the report notes that some companies still hesitate to adopt experiential marketing at scale. Budget constraints, limited expertise and uncertainty around measuring return on investment remain common concerns.
However, the growing body of data around consumer engagement and brand impact is gradually addressing these challenges. More marketers are expected to allocate a larger share of their budgets to experiential formats over the coming years.
Taken together, the findings point to a clear trend. As consumers seek meaning, memories and moments worth sharing, live experiences are emerging as one of the most powerful ways for brands to stay relevant in a crowded media landscape.
