Housing employees hadn’t received the shares that Yadav had promised them. And now it turns out that they might not receive the shares at all – at least not in the traditional sense. On 12th January, the company announced in an email to the staff that they would get their share of Yadav’s gift in the form of phantom stock units.
Fortunately the startups wave has struck the animal lovers who’ve turned entrepreneurs to help your pets in every way. From booking their spas to buying the best of pet accessories, these startups are creating a whole new industry which hitherto was confined to the neighbourhood pet shop. Though petcare in India is nascent and not as mature as in western countries, the Indian petcare industry is growing at about 26% a year, fuelled by a significant increase in spending by Indians on pets in the last few years
We reached out to all the pet startups in India and got a lowdown from all of them on what they do, for you to bookmark.
Things are changing in India. from a country that’s idolised Bollywood and cricket celebrities for the longest time, it’s now seeking and seeing role models and celebrities in startup founders and CEOs.
I thought I would make millions through my startup, but I failed miserably. I’d read shiny stories of Flipkart and Zomato, but nobody told me that 90% startups fail within two years of starting up, I failed in the first year. Sometimes I feel being cheated but the fault was mine, I believed one side of the story.
A year ago, the food tech sector was booming. Funds were plentiful, investors were upbeat, and a new company seemed to be coming up every minute. Cut to a year later, and things aren’t quite so rosy. There have been murmurs of overvalued companies, and investors are being more circumspect with their cash. One sector that has been particularly hard hit is the food tech industry.
The Economic Times Business Knights Summit- an event organised by Economic Times Edge brought together renowned Business Leaders as they looked to provide strategic insight and direction for the betterment of India’s business environment and the country at large.
A recollection of all the odd jobs- totalling 13- I did, before landing my first job at Google.
While sometimes this Baba may shock some of the more rationals in the country with a few shocking statements, (Ayurveda can “cure” AIDS, crossdressing appearances and whacky antics, what one can’t take away from the maverick is his success, his hard work, and his business savvy. He’s an unlikely entrepreneur that without the fanfare of a Bansal or a Birla is quietely, (and sometimes not so quietly) touching lives in ways that a Flipkart or a Unilever may not.
Here is a roundup of some of the traditional businesses that are feeling the pinch of the mushrooming startups that threaten to affect them and eventually even displace them. What remains to be seen is whether the traditional businesses will adapt to this change, reinvent themselves and join in the wave on a “If you can’t beat them, join them” philosophy, or wait it out, let the wave pass, for the VC funded startups to bust as the red bottomlines begin to show, and emerge as the classics.