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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.
No comeback story can gloss over Snapdeal’s failure. But as human beings and entrepreneurs, we must learn from the mistakes of others.
Editor's note: Who doesn’t like a good comeback? There is an almost magical quality to it, captivating audiences, cheering for the down-and-out underdog, thus briefly inverting the survival of the fittest world. The recent Ashes Test victory of England over Australia qualifies as a once-in-a-generation comeback, unfolding in a matter of days. Some, like the boxing legend Muhammad Ali’s three world heavyweight titles, come with multiple highs and lows stretched over decades. However, there is a reason that comebacks are usually restricted to the sporting arena—in businesses, a “comeback” betrays an unwanted and maybe an unwarranted failure. Also, a comeback of what? Of your good old self? Or of your present shrivelled existence, mixed with the fondness for what used to be? “Comeback” is a term transposed from sports by management and promoters to signal barely surviving. Not a surprise then that Snapdeal is being sold as a comeback story. With the validation seemingly coming from the recent “Comeback Kid” award from The Economic Times to its co-founders, Kunal Bahl and Rohit Bansal. Snapdeal’s early investor Vani Kola (managing director at Kalaari …
No comeback story can gloss over Snapdeal’s failure. But as human beings and entrepreneurs, we must learn from the mistakes of others.
Editor's note: Who doesn’t like a good comeback? There is an almost magical quality to it, captivating audiences, cheering for the down-and-out underdog, thus briefly inverting the survival of the fittest world. The recent Ashes Test victory of England over Australia qualifies as a once-in-a-generation comeback, unfolding in a matter of days. Some, like the boxing legend Muhammad Ali’s three world heavyweight titles, come with multiple highs and lows stretched over decades. However, there is a reason that comebacks are usually restricted to the sporting arena—in businesses, a “comeback” betrays an unwanted and maybe an unwarranted failure. Also, a comeback of what? Of your good old self? Or of your present shrivelled existence, mixed with the fondness for what used to be? “Comeback” is a term transposed from sports by management and promoters to signal barely surviving. Not a surprise then that Snapdeal is being sold as a comeback story. With the validation seemingly coming from the recent “Comeback Kid” award from The Economic Times to its co-founders, Kunal Bahl and Rohit Bansal. Snapdeal’s early investor Vani Kola (managing director at Kalaari …
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
The Indian mother and baby products retailer has been slow to grow in the two largest markets of the Gulf. What gives?
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
The Indian mother and baby products retailer has been slow to grow in the two largest markets of the Gulf. What gives?
