Competition and Industry News
Building startups and companies that lastedit
In July 2019, Harvard Business Review carried a persuasive piece entitled ‘Building Startups that last’ by Hemant Taneja and Ken Chenault. I summarize the lessons that the authors had highlighted : (i) Articulate and practice principles for society-first, not just financial achievement, (ii) Be adaptive and perpetually a learner, (iii) Demonstrate the ability to execute and execute, time and again, (iv) Move beyond founder-leadership to scalable leadership.
Publication : Business Standard
Date : October 30, 2019
Start-upsAmazon India’s e-commerce arm narrows FY19 loss to Rs 5,685credit
Amazon Seller Services, the online marketplace arm of the e-commerce giant in India, has narrowed its loss to Rs 5,685 crore for 2018-19. This is a 9.5 per cent decrease from the last financial year, when the company had posted a loss of Rs 6,287.9 crore, as per documents sourced by business intelligence platform Tofler. Amazon Seller Services saw revenues growing 55 per cent to Rs 7,778 crore in 2018-19 over the previous fiscal, it added. Coupled with its other entities in India, Amazon’s losses in India in FY2018-19 were over Rs 7,000 crore.
Publication : Moneycontrol
Date : October 29, 2019
Amazon