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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The seven-year-old company has plans to manufacture premium bicycles in India at affordable prices. Can it take on bigger, established players?
Editor's note: The year was 2015. Brothers Sachin Chopra and Vishal Chopra had returned to India after spending a decade in the US, where they worked in private equity, finance, semiconductors and tech. Besides the changes in culture and weather, they noticed a lifestyle shift as well—a lot more Indians were riding bicycles. But other than the established companies like Hero, Avon and TI pushing their bikes, there wasn’t anything special happening in the space. “The bicycle space was still boring, the same old players and designs. We wanted to change that,” says Vishal. The brothers saw an opportunity. They believed the bicycles on offer could be more fun and better. With their engineering background, they aimed to transform what they call a “stagnant” market. And so Ninety One Cycles was born. “We wanted to do what Dyson did with vacuum cleaners. We wanted to become the Dyson of bicycles,” say the brothers. Dyson, a company founded in the UK, revolutionized the otherwise staid vacuum cleaning industry with its high-tech products and aggressive marketing. Based in Ahmedabad, Ninety One Cycles (incorporated as …
The seven-year-old company has plans to manufacture premium bicycles in India at affordable prices. Can it take on bigger, established players?
Editor's note: The year was 2015. Brothers Sachin Chopra and Vishal Chopra had returned to India after spending a decade in the US, where they worked in private equity, finance, semiconductors and tech. Besides the changes in culture and weather, they noticed a lifestyle shift as well—a lot more Indians were riding bicycles. But other than the established companies like Hero, Avon and TI pushing their bikes, there wasn’t anything special happening in the space. “The bicycle space was still boring, the same old players and designs. We wanted to change that,” says Vishal. The brothers saw an opportunity. They believed the bicycles on offer could be more fun and better. With their engineering background, they aimed to transform what they call a “stagnant” market. And so Ninety One Cycles was born. “We wanted to do what Dyson did with vacuum cleaners. We wanted to become the Dyson of bicycles,” say the brothers. Dyson, a company founded in the UK, revolutionized the otherwise staid vacuum cleaning industry with its high-tech products and aggressive marketing. Based in Ahmedabad, Ninety One Cycles (incorporated as …
The food and FMCG giant is set to be put into provisional liquidation. Abu Dhabi’s IHC and Emaar founder Mohamed Alabbar are now eyeing it.
A whole host of new deals at the Make it in the Emirates summit, Saudi Arabia’s widest deficit since 2018 and other updates from the week.
Peak XV Partners is in a pickle. The loss of much of its senior India leadership has thrown up a familiar venture capital conundrum: how do firms reward and retain top performers in a business where a few big wins end up carrying the entire fund?
The food and FMCG giant is set to be put into provisional liquidation. Abu Dhabi’s IHC and Emaar founder Mohamed Alabbar are now eyeing it.
A whole host of new deals at the Make it in the Emirates summit, Saudi Arabia’s widest deficit since 2018 and other updates from the week.
Peak XV Partners is in a pickle. The loss of much of its senior India leadership has thrown up a familiar venture capital conundrum: how do firms reward and retain top performers in a business where a few big wins end up carrying the entire fund?
