businessfortnight

For Indian Internet start-ups, this year turned 2015 on its head. Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016. It was a total departure from the previous year, when start-ups touted high-profile recruits from the Silicon Valley, hired thousands of engineers and enjoyed the fruits of a fast-expanding Internet market, attracted massive funding and were assigned jaw-dropping valuations. Start-ups pulled in only $4 billion in funds in the year, down from a heady $7.55 billion in 2015, which was largely powered by large rounds at Flipkart, Ola, Snapdeal and Paytm, according to data from start-up investment tracker Tracxn. The number of mid-stage and late-stage deals has dropped significantly this year as the likes of Tiger Global Management, SoftBank Group Corp. and DST Global, three of the most active backers of Internet companies, pulled back. After a funding boom in whic

Bengaluru: Online fashion retailer Myntra, which is owned by Flipkart, reported a sharp slowdown in sales growth for the year ended March 2016, as its move to become an app-only platform alienated customers. For the financial year 2015-16, Myntra Designs Pvt. Ltd, the holding company for Myntra’s marketplace platform, reported revenue of Rs1,069 crore, compared with Rs773 crore a year earlier. Losses widened to Rs816 crore, from Rs741 crore a year earlier, according to regulatory filings sourced from data platform Tofler. The 38% increase in sales in the last financial year reflects a slowdown in growth for Myntra from the past two years, when its sales expanded by at least 75%. The relatively weak sales report is primarily because Myntra became an app-only platform and shut its desktop website in May 2015 in an attempt to dominate mobile app commerce. The move drew a backlash from shoppers and led to the company losing market share to the likes of Amazon India and Snapdeal. Myntra su

Ken Research has announced recent publication titled “ Belgium: Focus on Improving Internet Connectivity Through Fixed and Mobile Broadband to Drive Revenue Growth ” , analyses telecom industry performance and future outlook in Belgium. It discussed in depth analysis of telecom sector in Belgium covering historical and forecasted figures including fixed telephony, fixed Internet, mobile voice and mobile data. It discusses major trends and competitive landscape of the major players in the market. Further report includes quantitative analysis and finding near-term opportunities for operators, vendors and investors in Belgium’s telecommunications market. Belgium is one of the advanced economies of the world. It has effectively capitalised on its central geographic location, highly developed transport network and diversified industrial and commercial base. The telecommunication market of the nation is no exception. It is highly extensive and advanced. It has developed adequate infrastructu

Asia-Pacific Baby Hygiene Industry Outlook to 2020 – Rising Expenditure on Baby Hygiene with Better Health and Safety Standards to Drive Growth provides a comprehensive analysis on the performance of baby hygiene products in the Asia-Pacific Region. The revenues of the Industry have been segmented country wise on the basis of personal and sanitary care baby products. Under each segment, aspect such as market size on the basis of revenue has been computed from the sales of Baby Diapers, Wipes, Soap, Shampoo, Lotion and Creams, Hair and Massage Oil, Toothbrush, Toothpaste and Others. The report also covers major players operating in the space along with competitive landscape of baby product manufacturers, pricing analysis and competition scenario. This report will help industry consultants, baby hygiene manufacturers, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future The Asia-Pacific baby hygiene

Bangalore, Karnataka, India 2016 has been quite an exciting year for the Prestige Group. This year we managed to deliver about 17 million square feet of total built area to thousands of happy homeowners. We’ve completed 14 projects during the year and launched 3 projects - Prestige Kew Gardens and Prestige Lakeridge in Bangalore and Prestige High Fields in Hyderabad. Prestige High Fields is Hyderabad’s first ever Disney-themed residence. We have also completed a couple of million square feet of IT office space this year. As far as the industry is concerned, we have been facing certain challenges like the new TDR regulations. There’s also the RERA bill, which is likely to get notified very soon. The GST laws will get notified in the next few months as well. So the industry is looking at a series of new laws that need to be complied with. Apart from these, there is also the new National Green Tribunal (NGT) order that has come in. The NGT order includes new regulations for approval of pl

Mumbai, Maharashtra, India Co-working spaces or shared working spaces is one of the most popular trends resonating with start-ups, real-estate and corporate circles. Given the current scenario, overall co-working spaces’ market is still in nascent stages and is expected to rise by 40-50% in the next year- thereby making this segment as one of the most lucrative industry to be in. As per market estimates, the co-working space industry in India will attract annual investments of around $400 million by 2018. As per one of the renowned real-estate consultancy - JLL, the market for this segment is only set to rise with the number of such spaces reaching one million by 2018. “As the current trend of freelance workers and SMEs are picking pace, flexibility, convenience and technology at minimal cost have become integral needs and hence co-working space has become the new buzzword,” says Mr. Ramesh Nair COO – Business, India, JLL India. “Also, it’s not just freelancers, consultants and start-u

Mumbai, Maharashtra, India Co-working spaces or shared working spaces is one of the most popular trends resonating with start-ups, real-estate and corporate circles. Given the current scenario, overall co-working spaces’ market is still in nascent stages and is expected to rise by 40-50% in the next year- thereby making this segment as one of the most lucrative industry to be in. As per market estimates, the co-working space industry in India will attract annual investments of around $400 million by 2018. As per one of the renowned real-estate consultancy - JLL, the market for this segment is only set to rise with the number of such spaces reaching one million by 2018. “As the current trend of freelance workers and SMEs are picking pace, flexibility, convenience and technology at minimal cost have become integral needs and hence co-working space has become the new buzzword,” says Mr. Ramesh Nair COO – Business, India, JLL India. “Also, it’s not just freelancers, consultants and start-u