Is India Central to Nothing’s Global Vision?
Click to start listening
Synopsis
Nothing’s Co-founder Akis Evangelidis emphasizes India’s vital role in their global strategy. With the new CFO, Kundavaram, onboard, the company aims to accelerate its growth and enhance its presence in this key market. Discover how Nothing is positioning itself for success in India's booming smartphone sector.
Key Takeaways
- India is central to Nothing's global vision.
- Hemant Kundavaram appointed as CFO.
- Nothing is the fastest-growing smartphone brand in India.
- Strong performance in Q2 2025 with 146% YoY shipment increase.
- Focus on expanding retail presence in India.
New Delhi, Aug 18 (NationPress) India is fundamental to Nothing’s worldwide strategy, as stated by Akis Evangelidis, Co-founder and President for India, on Monday. The London-based tech firm is embarking on a thrilling growth phase in the Indian market.
The company has appointed Hemant Kundavaram as the new Chief Financial Officer (CFO) for Nothing India.
Kundavaram brings over 20 years of experience in finance and accounting, specializing in fundraising, investor relations, IPOs, and capital market operations, which will be crucial for steering the company's financial strategy in this significant market, the company highlighted.
Evangelidis remarked, “Kundavaram's proven expertise in financial operations and capital strategy will be essential as we rapidly scale and enhance our footprint in India.” He further asserted, “With him on board, we’re solidifying our foundation to expedite growth and realize our vision of expanding from India to the globe.”
Kundavaram expressed enthusiasm about being part of this remarkable journey, stating, “I’m eager to contribute to this next chapter as the company accelerates its growth and fortifies its presence in India. I anticipate establishing a robust financial foundation that aligns with our rapid growth and reinforces the brand’s vision for India.”
Before joining Nothing, he held various positions at Ford India, IBM, and Rockwell Collins, transitioning to promoter-led startups in 2015. Most recently, he was the CFO at PMI Electromobility.
This appointment signifies the second significant leadership hire for Nothing India, following the appointment of Evangelidis as President.
Nothing Tech has reported impressive results in Q2 2025, claiming the title of the fastest-growing smartphone brand in India for the sixth consecutive quarter, highlighting India’s crucial role in Nothing’s global growth strategy.
The smartphone market in India expanded by 8 percent (year-on-year) in volume and 18 percent in value during the April-June quarter (Q2 2025), showcasing a robust rebound post a slow Q1.
Nothing’s Q2 2025 shipments surged by 146 percent YoY, affirming its status as the fastest-growing brand for the sixth successive quarter. This growth was fueled by the recent launch of the CMF Phone 2 Pro and significant retail expansion efforts.
Point of View
Nothing's strategic focus here reflects a broader trend in the tech industry. The company's leadership changes and commitment to growth highlight its recognition of India as a crucial player in the global tech landscape, reinforcing the need for sustained investment and innovation.
NationPress
19/08/2025
Frequently Asked Questions
Why is India important to Nothing's strategy?
India is one of the fastest-growing smartphone markets globally, making it a critical area for Nothing's expansion and long-term success.
Who is Hemant Kundavaram?
Hemant Kundavaram is the newly appointed Chief Financial Officer for Nothing India, with over 20 years of experience in finance and accounting.
What recent achievements has Nothing made in India?
Nothing has been recognized as the fastest-growing smartphone brand in India for six consecutive quarters, showcasing its strong performance in the market.
What is the significance of the CMF Phone 2 Pro?
The CMF Phone 2 Pro is a newly launched smartphone that has significantly contributed to Nothing's growth in shipments and market presence.
What does the future hold for Nothing in India?
With strategic leadership changes and a focus on financial strength, Nothing aims to deepen its presence and accelerate growth in the Indian market.
