logo
ETBWS 2025: Buying media at fixed rates is fundamentally flawed

ETBWS 2025: Buying media at fixed rates is fundamentally flawed

Time of India19-07-2025
As digital media continues to dominate overall advertising expenditure by brands, the demand for premium digital inventory is growing at a rapid pace. With a limited supply of such inventory, marketers are grappling with rising
customer acquisition costs
(CAC) and diminishing returns on investment (RoI). Audiences today are no longer confined to search and social media. Increasingly, consumption is shifting towards emerging channels such as OTT, connected TV (CTV), and retail media.
At the 7th edition of the Brand World Summit, organised by ETBrandEquity,
Tejinder Gill
, managing director of The Trade Desk, addressed one of the most pressing challenges in contemporary advertising: marketers often persist with publisher-first strategies, despite audiences being fluid, unbound by platform loyalty, and constantly shifting across channels.
Gill noted, 'This fragmentation is further compounded by delays in actionable insights. Campaign reports arrive a day, a week, sometimes even a month later. By then, the moment has passed, and the opportunity is lost. Delayed insights equate to missed revenue. Real-time optimisation delivers tangible results, and dynamic planning will always outperform static forecasts.'
While consumers are perpetually 'always on', marketers continue to work in silos, often planning and investing out of step with where genuine attention lies.
'There is a fundamental disconnect. Over 50% of India's consumers today spend their time on the open internet, OTT platforms, audio content, podcasts, news, and live sports, yet most marketing budgets remain disproportionately skewed towards walled gardens,' Gill explained.
'As Indians, we instinctively negotiate, whether with vegetable vendors or for cab fares. Yet in advertising, we continue to buy media at fixed rates. This approach is fundamentally flawed in a world where every consumer is different,' remarked Gill.
He elaborated, 'The bottle on your table may carry an MRP of ₹6, but its true value is context-dependent. If you're not thirsty, it is worth nothing. If it is biodegradable or serves another purpose, say, your pet plays with it, its value may rise to ₹10. This is the essence of dynamic pricing, and the same principle must apply to advertising: why are marketers serving the same ad to two completely different individuals? If no two users are alike, neither should their advertising experience be.'
The future, Gill emphasised, lies in real-time, audience-based programmatic buying, particularly on the 'open internet', where opportunities for precise, context-aware engagement are abundant.
'The open internet offers scale, diversity, and flexibility; what's needed now is a shift in mindset towards smarter, dynamic media investment,' he concluded.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

50% vehicles in India uninsured, PUCC below 30% in these states: Report
50% vehicles in India uninsured, PUCC below 30% in these states: Report

Time of India

time2 hours ago

  • Time of India

50% vehicles in India uninsured, PUCC below 30% in these states: Report

A new report has raised serious questions about how responsibly Indians are maintaining their vehicles. While the country is witnessing a boom in vehicle ownership, many motorists are still missing out on basic legal requirements like insurance and pollution checks. Despite stricter laws and increased awareness around road safety, millions of vehicles across the country continue to ply without valid insurance or a Pollution Under Control Certificate (PUCC). These findings are part of the latest ORBIT data study by CARS24. Here's a quick look at some key findings. According to the report, more than 50 percent of vehicles in India do not have valid insurance, and two-wheelers account for the majority of these cases. In addition, states such as Delhi, Uttar Pradesh, Gujarat and Tamil Nadu show less than 30 percent compliance with PUCC norms. The report shows that even as the number of vehicles grows year after year, legal and environmental compliance is not keeping pace. Interestingly, the data also reveals that while southern states like Andhra Pradesh and Kerala fare slightly better, with average compliance enforcement rates of around 9.6 percent, northern states are further behind at 5.6 percent. In the northern region, the bigger issue is lapsed or expired insurance, whereas in the southern states, the focus area remains PUCC violations. Maharashtra has an enforcement rate of just 1.9 percent. Rajasthan stands out with a relatively better rate of 6.74 percent. The study also sheds light on how people are using FASTags. Between June 2024 and June 2025, FASTag toll collections have grown by 17.53 percent, and the average FASTag wallet balance is ₹ 408. While this shows that digital toll payments are on the rise, the lack of basic vehicle documents points to a disconnect between digital adoption and legal compliance. Another major concern is the massive backlog of unpaid traffic fines. Since 2015, traffic challans worth ₹ 5.11 lakh crore have been issued. However, only ₹ 1.92 lakh crore has been paid so far, while the remaining ₹ 3.18 lakh crore is stuck in courts. As many as 7.69 crore challans are still pending litigation.

Astrotalk to create subsidiary to focus on devotion as a business
Astrotalk to create subsidiary to focus on devotion as a business

Mint

time2 hours ago

  • Mint

Astrotalk to create subsidiary to focus on devotion as a business

Faith-tech startup Astrotalk is looking at launching a new line of businesses that will focus on devotion, its founder said, amid rising demand for online and home-based religious rituals. 'We are looking to invest ₹50-100 crore behind this new subsidiary that is focusing on helping people do pooja online or at their home," founder Puneet Gupta said in an interview. Astrotalk, which offers online astrology advise, is gearing up for an initial public offering (IPO) in calendar year 2027. The company already claims to earn ₹6 crore in monthly revenue from online poojas, driven by word-of-mouth recommendations by its partner astrologer – chiefly pundits in temples. Customers will be given the choice to perform an online ritual - a puja for instance - at home or in a temple. The decision to create a subsidiary for devotion is based on differentiation for the Indian customer. 'We've not seen success in Indian businesses that do 10 different things. Indians need a different brand name, but we'll make sure that it says 'Powered by Astrotalk,' so it gives users the trust that they associate with our brand," Gupta said. Astrotalk has no fixed timeline on when the devotion business will go live, but has begun the hiring process for the leadership team. While one person is being moved internally, two others have been offered roles for the devotion business. The company expects the team to be finalized by September. 'Leadership is first, product is second because once we start talking to people we'll realise what they want. I can say 10 things now, but it could make no sense if the customer isn't sure," Gupta said. 'We already have ₹700 crore in the bank and we're currently fundraising $50 million (around ₹434 crore). The company will have enough money down the line to take these calls." The main focus for the new business is to tie up with large well-known temples and offer customers the chance to offer prayers to deities there, instead of the ones at their homes or those provided by their astrologers. 'We want to be able to have different temples which specialize in different things so customers have options," said Gupta. Astrotalk wants to market places of worship as well, directing people to certain temples based on where they'd like to make donations or offer prayers. 'We will create the entire ecosystem for a temple in that whatever is associated with it, we will do that for the consumer," said Gupta. 'We're looking to on-board as many temples as we can." Eventually, the company hopes that it will also be able to set up live streams within temples to allow consumers to interact without having to be there in-person. Astrotalk's revenue more than doubled to ₹651 crore in FY24 from ₹283 crore in FY23. Profits too increased, over 12 times to hit ₹100 crore in FY24, up from ₹8 crore in FY23, according to data from Tofler. While the company's FY25 number's haven't been disclosed yet, Gupta said that Astrotalk's annual revenue currently stands at ₹1,650 crore. It is targeting an ARR of ₹2,000 crorebythe end of FY26. Astrotalk's pitch is ambitious, given that there are thousands of temples across India attracting millions of devotees. In 2024 alone, over three million people visited the Badrinath and Kedarnath Dhams, according to an official statement from the Shri Badrinath-Kedarnath Temple Committee. Earlier this year, the Maha Kumbh Mela in Uttar Pradesh's Prayagraj was estimated to have spawned $30 billion of financial transactions, according to Sprout Research. The first day alone dwarfed the number of people visiting the Badrinath and Kedarnath Dhams, coming in at six million. Fundraising to set benchmarks Currently, the company is in the process of raising $50 million at a unicorn valuation, where a startup is valued at over $1 billion. 'We're bringing in public market investors in this round who would be able to help anchor an IPO," said Gupta, clarifying that the company isn't calling the latest fundraise a pre-IPO round. Astrotalk plans to file for an IPO early in the calendar year 2027. Should the company list successfully, it'll be the first in the faith-tech space to do so. Faith-tech startups are gaining momentum in India, with funding into these digital platforms surging from $4.3 million in 2023 to $50.7 million in 2024, according to market intelligence platform Tracxn. The company's closest competitor is AppsForBharat, which has raised $20 million in a Series C round led by Susquehanna Asia Venture Capital with participation from Nandan Nilekani's Fundamentum, Elevation Capital, and Peak XV Partners. AppsForBharat is currently valued at $175 million. The ongoing fund-raise is a mix of primary and secondary rounds, with new investors joining the cap table. However, Astrotalk declined to name the new investors. In fact, the company said that its early investors aren't willing to dilute too much of their equity in the new round. 'No one wants to fully exit and I've made it clear that I won't be diluting my shares alone, everyone will have to do a little bit," Gupta said. Astrotalk is currently backed by Elev8 Venture Partners, New York-based Left Lane Capital and QED Innovation Labs. Overall, the company has raised a total of $30 million so far, and its last funding round in 2024 took its valuation to $300 million. The latest fundraise will take its valuation to over 3x of its current value. 'We don't really need the money right now, we're doing it to benchmark the valuation and bring good people on board," according to Gupta.

Why a 'Prada' to add value to Kolhapuris?
Why a 'Prada' to add value to Kolhapuris?

New Indian Express

time4 hours ago

  • New Indian Express

Why a 'Prada' to add value to Kolhapuris?

When the designer brand Prada SpA featured 'leather flat sandals' on the ramp at the Milan Fashion Week a month ago, Indians all over caught on they were being had. It was the modest 'Kolhapuri chappals' being plagiarized and they were rightly outraged. Prada did not acknowledge the cultural origins or the craftsmen who had made the 'Kolhapuris'a part of Maharashtra's daily wear; but what perhaps got the Indian goat was the pricing: A $5 slip-on tagged at $1,340 (Rs 1.16 lakh)! And the cheek, not a penny for the original designers of the unique toe-hold chappals? The backlash was severe. Prada had underestimated our nationalistic troll army, which went to town against the brand appropriating Indian culture. Within days, Prada acknowledged the Indian roots of its new footwear line, and accepted it was inspired by 'traditional Indian footwear'. But here's the rub. There are plenty upholding India's heritage. But why aren't there enough Indian entrepreneurs who can do what Prada did? Those who can design and brand 'kolhapuris' and other footwear and make them international products. Surely there is no rocket science about holding fashion shows andclevermarketing. The Kolhapuri is a 12th Century product. It has its innate strength. Why do you need a Prada to discover it? Low-value leather India has a huge leather industry. The domestic sector produces a whopping 3 billion square feet of leather annually and employs over 4.4 million people. India is the world's second largest exporter of leather garments, the third largest exporter of saddlery and harnesses and the fourth largest exporter of leather goods in the world. Unfortunately, it is high volume, but low value we export. In FY2023, leather and leather products exports peaked at about $5.4 billion. This is peanuts considering the size and the manpower the industry employs. Over the next two years, exports fell 18-20 percent, mainly does to the disruption of the Eurozone by the Ukraine war.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store