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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 jewellery firm founder’s successful exit shines a light on the Tamil Nadu capital’s startup track record; separately, Reliance may be getting ready to decide on Dunzo.
Supported by:
From a reality check on valuations to frauds and breakups, 2023 has so far been a tough year for India’s startup ecosystem. While most of us have a tendency to overdo both the doomsday and exuberance scenarios, last week’s news of Titan buying out Mithun Sacheti’s remaining stake in CaratLane for $560 million is a much-needed outcome for the ecosystem.
Beyond the grit and patience story that’s gone into creating this outcome, I think a few other points merit attention.
A. I can’t seem to shake off how the CaratLane outcome is a big win for the Tamil …
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
