Feb 5, 2016 - GCPL arm acquires majority stake in Kenyan firm Canon Chemicals

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from TradeBriefs FMCG Weekly

Sree Vijaykumar

From the Editor's Desk
As I write from Bangalore (Microsoft Ventures), I see 2 very interesting trends from all the startups I spoke to. There's real innovation happening - it's moving from consumer apps to AI, there's IoT, there's B2B innovation, there's B2C innovation. This is great for India. And thanks to Tiger and Softbank and Alibaba to have triggered this at such speed. However, the moment you ask anyone about revenues, out come the vanity metrics - transaction volume, GMV, etc. Startups are well-trained in this too now. So, the dependency on funding and future rounds of funding is big as almost no one is even close to profitability. This puts several of these companies at risk. We should see a lot of consolidation happening in 2016. - Comment

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