Competition and Industry News
‘If you’ve never failed in life, you’ll be a bad entrepreneur’ – 60 quotes from Indian startup journeysedit
Be open. Be a sponge and absorb everything. Work hard — and for free if you have to — when following your dreams. Keep at it, don’t let failure stop you. – Bobbi Brown, Bobbi Brown Cosmetics
Everybody is born a wonder – whether they love it or hate it is up to them. – Swapnil Tewari, LiveMad
If you’ve never failed in life, you’ll be a bad entrepreneur. – Rajiv Srivatsa, Urban Ladder
Publication : Yourstory
Date : June 10, 2019
Flipkart moves 50% of private label manufacturing units from China and Malaysia to Indiaedit
Flipkart has reportedly moved a significant portion of its manufacturing and sourcing units for private labels from China and Malaysia to India. The Walmart-controlled firm has taken almost a year for this step that will help it to cut down cost and comply with government’s make in India initiative. About two years ago, Flipkart used to source 100% of electronics items from China while the entire range of furniture brand was coming from Malaysia. Now, the scenario has been changed as it has managed to reduce the dependency for the aforementioned categories by almost 50%.
Publication : Entrackr
Date : June 10, 2019
Amazon, Google, and Facebook are the most trusted Internet brands in Indiaedit
E-commerce major Amazon is the most trusted among the Internet brands in India, followed by Google and Facebook, according to a recent report by TRA Research. Among the 32 Internet brands surveyed, Indian messaging app Hike ranked fourth, beating Facebook owned Whatsapp which ranked 10th, said brand intelligence and data insights company’s “Brand Trust Report 2019”
Publication : Business Insider
Date : June 10, 2019