Facebook said, "One focus of our collaboration with Jio will be creating new ways for people and businesses to operate more effectively in the growing digital economy. For instance, by bringing together JioMart, Jio’s small business initiative, with the power of WhatsApp, we can enable people to connect with businesses, shop and ultimately purchase products in a seamless mobile experience." … [Read more...] about Facebook buys 9.9% stake in Reliance Jio for Rs 43,574 crore in largest tech FDI
Small company growing fast
One of the oldest ventures in the car rental business, KTC India is 75-years-old and was set up in pre-independence Karachi. Owned by Delhi-based Gurudev Ahluwalia, whose father bought the business in 1943 and moved it to Delhi after independence, even the stalwarts of India’s political landscaped leased cars from KTC during the time the Constitution was being written, to travel from their homes to the Parliament. Since then, the company has rented cars out to global politicians and heads of state on a visit to India, down to the recent US President Donald Trump’s visit to India. … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!
An Industry Where Waste Is Baked In Making clothes on demand is relatively rare in the fashion industry, although there has been growing interest in the approach over the past couple of years. McKinsey’s 2019 State of Fashion report predicted that made-to-order production would become mainstream in the fashion industry by 2025, because it would allow brands to reduce their overstock and allow them to more quickly adapt to consumer demand. The report made the case that smaller brands such as Misha Nonoo were demonstrating how effective on-demand manufacturing could be and that they would lead the way for mass-market players to follow suit. We’re already starting to see this at work. Startups such as Ministry of Supply and Rapha make a few pieces of their collection on 3D printing machines after a customer places an order, while Adidas and Zara are just beginning to experiment with on-demand technology. … [Read more...] about The business model that could save fashion—and why it isn’t everywhere