We were the first company to launch favipiravir in the Indian market and knew this would invite ample competition, says Glenn Saldanha, chairman & MD, Glenmark
We are optimizing by doing as many virtual calls as possible with a smaller sales force. We are basically living to fight another day, says Nilesh Gupta, MD, Lupin Ltd
GV Ravishankar, Managing Director at Sequoia India, commented on the impact of the Covid-19 pandemic and the consequent lockdown on startups and venture capitalists in India. He was speaking at the latest edition of Mint's Pivot Or Perish webinar series, which focuses on how Indian businesses and consumers are coping with the 'new normal' forced upon the world by the pandemic.
Upasana Taku, Co-founder and COO, MobiKwik, commented on the impact of the Covid-19 pandemic and consequent lockdown on the Indian startup scene. Speaking at the latest edition of Mint's Pivot Or Perish webinar series, Taku said that they were, in a way, 'more well-prepared than others' for the pandemic. She added that the company saw a drop of almost 30 to 35 percent in the overall revenue and she expects it to recover by the end of September or early October. Watch the full video for more details.
Yes, there is always a herd mentality whenever things look hot in a sector. But the edtech sector is not for the faint-hearted, says Ronnie Screwvala, co-founder, upGrad
Natural Gas, being the cleanest fossil fuel is one of the most lucrative sources of energy. On the other hand, LNG prices are at an all-time low in India. There are certain factors that have given a significant boost to this industry. However, the challenges of an economic slowdown & inconsistent demand can't be ignored either. We delved into the opportunities & innovation in India with respect to the natural gas market in an exclusive interview with Mr. Vinod Kumar Mishra, Director (Finance) at Petronet LNG Limited (PLL). Tune in to the full episode for industry insights about survival strategies in the new normal
Apart from grocery, Swiggy has forayed into speciality categories such as meat stores and pet foods
While e-commerce firms were badly hit during the lockdown with non-essential deliveries restricted, for others, demand remained tepid even after the curbs were eased
VCs have shown a clear preference for edtech in the first half of 2020, with startups raising around $795 million
Startups need to ring-fence key talent, identify ‘high-potentials’ and work extra hard to retain them
Firms explore different biz segments as their conventional sources of revenue have been hit
India’s start-up ecosystem is positioned uniquely where some businesses are seeing enormous growth, while many are suffering from an existential crisis amidst a global pandemic. Business models of start-ups are being redrawn to pre-empt what consumers would want in the ‘new normal’. For now, survival for many start-ups is key as they look at extending the cash runway. Join India’s prominent start-up experts in Mint’s Pivot or Perish panel discussion to understand the opportunities and challenges ahead as businesses brave the Covid-19 challenge
We are witnessing a quick recovery as individuals are using credit cards to pay for groceries, as well as for larger purchases
The total number of merchants on the BharatPe platform will increase from 4 mn to 6 mn by the end of this fiscal
Prashant Tripathy, Managing Director and Chief Executive Officer of Max Life Insurance Co Ltd commented on impact of the Covid-19 pandemic on the sector. Tripathy said that Max Life was experiencing a sharp rise in sale of protection policies as a share of the total. Watch the full video for more.
The real power of digital infrastructure will get unleashed when startups and small businesses come online, Ajit Mohan, VP & MD, Facebook India
The education market in India is massive yet highly under-penetrated, with online learning forming only 2% of this, says Vamsi Krishna, co-founder & CEO, Vedantu
HDFC Life Insurance's ND & CEO Vibha Padalkar joined the latest edition of Mint's Pivot or Perish webinar, which focussed on the way forward for the insurance sector. Padalkar said that people should not stop paying their premiums as insurance is needed more in the post-Covid world. She added that companies will have to invest in different ways of doing business and focus on data analytics as well. Watch the full video for all the details.
60-65% of the claims are being processed based on standardized rates, says ICICI Lombard’s Bhargav Dasgupta
If the frequency assumption on number of people who fall sick goes wrong, reinsurers could lose a lot of money
