(The following is the video and the text of the Commencement Speech by Devangshu Dutta, chief executive of Third Eyesight, at the Convocation of the batch graduating in 2019 from the National Institute of Fashion Technology, Patna, India.) I would like to just share a few learnings from my own career. I hope some of these learnings will provide you some food for thought, and if they stick, I hope they prove valuable to you in some way in your own career. I think as a graduate of a professional institute, there are 5 life-skills or attributes or pieces of…
While BigBasket expects to increase its revenue from the private brands to 45 percent this year, Grofers is aiming to increase the revenue share from private labels to 60 percent by the end of this year. Written By Varun Jain New Delhi: Online grocery players BigBasket and Grofers are betting big on private label brands as it has become one of the largest source of revenue for these companies. BigBasket and Grofers currently witness 40 percent and 35 percent of their overall revenues coming from their own brands respectively.While BigBasket expects to increase its revenue from the private brands to…
Skincare, haircare, and now, there’s period care. While FMCG companies continue to rule the market, new players bring the promise of comfort and sustainability to women who can afford the extra buck Written By There are 336 million menstruating women in India, and 36% use disposable sanitary napkins, according to Menstrual Hygiene Alliance of India (MHAI). That’s 121 million women. It’s no surprise then that the menstrual products market is growing. And fast Value. Source: the-ken
Paytm Mall’s market share declined to 3.4 percent in 2018 from 5.6 percent in 2017. Written By Nishant Sharma The cashback-based business model isn’t working for Vijay Shekar Sharma’s e-commerce venture.That’s according to a report by Forrester Inc. that also said the market share of Paytm Mall—which targeted pole position in Indian e-commerce by 2020—declined to 3.4 percent in 2018 from 5.6 percent in 2017.The Jack Ma-founded Alibaba Group Holding Ltd.—which owns 46.09 percent stake in Paytm Mall—is unwilling to fund it further, the report ... Source: bqprime
Written By Sangeeta Tanwar Two of India’s leading retail chains are currently preparing the ground for their full-fledged e-commerce forays, albeit in totally different ways. While the Kishore Biyani-led Future Group, which operates the popular Big Bazaar hypermarket chain, is busy listing its labels on Amazon, rival Reliance Retail is withdrawing its products from all e-commerce platforms, as parent Reliance Industries (RIL) gears up to launch its own online marketplace. For both the traditional players, cracking online sales is important as they prepare for a future beyond high street retail. Online sales in India will balloon from last year’s $18…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
