Written By Dheeraj Tagra At a time when India is seeing a growing number of young entrepreneurs eager to innovate and take risk in the shape of ‘start-ups’, it is sad to note that the apparel manufacturing sector has not attracted these youngsters. If we do see some intervention in the textile value chain, it is mostly on the retail side and little bit on the tech side. Over the years, there are very few professionals who have taken the plunge to be entrepreneurs and run a factory successfully. While entrepreneurship is being encouraged greatly these days, the definition of…
Written By MANU BALACHANDRAN After being on the verge of shutting down in 2017 following a failed merger with Flipkart, the Gurugram-headquartered company has seen revenue surge and unique customers grow by focusing on value ecommerce Kunal Bahl, co-founder, Snapdeal Photo: Amit Verma Kunal Bahl doesn’t like to give up easily. And certainly not without a fight. A pioneer in the Indian ecommerce industry, Bahl co-founded Snapdeal—one of the country’s earliest unicorns—in 2010, when he was just 24. Within six years, it became the second-biggest ecommerce company in the country, with a market valuation of $6.5 billion. In that period,…
Written By Saritha Rai P R Sanjai & Bhuma Shrivastava | Bloomberg Ratcheting up competition, Ambani's portals are offering blockbuster discounts of as much as 50% on sugary confections and other holiday staples like spice mixes for India's rice delicacy, biryani Billionaire Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling $2 data plans and free voice calls. Four years later, he’s deploying a very similar tactic -- cutthroat pricing -- to gain an edge in the country’s increasingly competitive e-commerce space. As India this week hits the peak of its biggest shopping season, the festival of Diwali, the…
Written By Sagar Malviya, ET Bureau Swedish fashion retailer Hennes & Mauritz (H&M) has overtaken its main rival Zara to become India's largest clothing brand by revenues in FY19-20, helped by aggressive store expansion and lower pricing. H&M expanded sales 28% to Rs1582 crore during the year ended March 2020, according to its latest filing sourced from Altinfo, a data insights firm. In comparison, Inditex Trent, a joint venture with Tata that runs Zara Source: economictimes
Written By Samreen Ahmad Reports say the online grocer is in talks with salt-to-software conglomerate to sell around 50 per cent of its stake in the company for around $1 billion According to sources, the company is in final-stage talks with Tata Group and the deal could be sealed in a matter of days. Online grocer BigBasket, which is in final-stage talks with Tata Group to sell majority stake in the company, could be doing this because of lack of visibility in terms of investments from large investors, say experts. With big players such as Amazon and Reliance making serious…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
