BW Businessworld - April 06, 2024

I denne utgaven

A FEW MONTHS AGO, I had found myself in sole charge of Sydney, who my
wife Niti and I consider our third offspring after Prarthna and Prasann.
Caring for our family’s golden retriever had been a shared task till then, so
I discovered to my surprise that her lifestyle was certainly more enviable
than mine and many I know. I was amazed at the amount of time, money
and attention that goes into pet care. When I mentioned this at the office,
I learnt that I was among the very few not fully aware of the passion with
which pet parents in India care for their charge. I was enlightened. Like
many pieces of a puzzle coming together, I could clearly see all the dots
connecting, to create an emerging pet care industry in India.
At BW Businessworld, we are keen to explore new sectors. Driven by
various reasons, new opportunities are arising on the horizon, opening
doors for young entrepreneurs, creating jobs and eventually contributing
to India’s growing economy. One of the first we deep dive into is the Indian
pet care industry. In this case, much credit can be given to pet parents
and the passion with which HNI (high-net-worth individual) households
spend on their pets.

CHARTING A PATHWAY TO PROSPERITY AND DEVELOPMENT

INDIA STANDS AT THE PRECIPICE of an epochal transformation and is poised to emerge as a developed economy within the next quartercentury.

3 mins

India's Five Turning Points

INDIA IN 1947 was not expected by many to survive as an independent nation. The departing British thought it would fragment along ethnic, linguistic and regional lines. The more benign Americans believed democracy in an impoverished country would be hard to sustain.

4 mins

Challenges of Being Human: A Path to Collective Good

THROUGHOUT history, individuals have grappled with the challenge of balancing personal interests with societal well-being. Unfortunately, pervasive negativity, cynicism, and self-serving attitudes often overshadow our interactions, hindering our ability to prioritise broader societal concerns.

3 mins

IMPROVING CONNECTIVITY BETWEEN SUBURBS

URBAN AREAS have been epicentres of economic activity since the dawn of humanity. Closest to us, San Francisco is the home of OpenAI, X (formerly Twitter), Salesforce, and Uber to name a few. The city remains synonymous with innovation and entrepreneurial dynamism. However, the tech industry is not limited to the city – Google, Meta, and Apple are all headquartered in the city’s suburbs.

4 mins

The Tough Task of Managing Differences

EFFECTIVE LEADERSHIP is not just the ability to steer a ship but also the capacity to navigate the diverse currents of talent, perspectives, and experiences that shape teams. Managing differences is not just a challenge but an opportunity for growth and innovation. Managing differences requires a delicate balance of empathy, open-mindedness, and effective communication.

3 mins

Fighting with Five Swords

HERE’S AN INTERESTING company called Intercom that I hadn’t heard of, until recently.

2 mins

Pairing Products, Spiralling Synergies

FAST MOVING CONSUMER Goods (FMCG) companies, selling consumer goods, are well aware of the need for multiple brands of the same basic product. While these may seem to compete with each other, actually they are complementary, filling price or perception gaps in the product space.

2 mins

The Menace of Inflated MRPS on Medicines

THERE ARE SO MANY problems with our ‘Healthcare’ system that I am at a loss, where to begin. From crowds at the iconic AIIMS as well as major private hospitals, mortally sick patients being turned away either for want of money or due to shortage of beds, babies delivered outside hospital doors, fake medicines to unnecessary diagnostic tests and even surgeries, rampant kickbacks; there are all kinds of stories floating around.

4 mins

Don't Junk CDR Learnings, Can Strengthen IBC

WHEN THE Insolvency and Bankruptcy Code (IBC) was enacted in 2016 in India, which replaced all other previous schemes including the widely used corporate debt restructuring (CDR) scheme, there were heightened expectations that India’s infamously long and unwieldy corporate dispute resolution processes will undergo a significant transformation.

4 mins

AN UNEQUAL BUSINESS

Running medium and small enterprises presents its own set of challenges, chiefly difficulties in accessing formal finance. But for women entrepreneurs, overcoming these challenges becomes even more difficult due to the gender gap

7 mins

GETTING THERE

Domestic air travel is set to expand in a big way with a clutch of regional carriers taking to the skies connecting smaller towns and cities with the metros

5 mins

SMART MEASURE

Smart meters with their two-way communication feature are key to addressing the country's myriad energy-related challenges while paving the way for a sustainable and resilient energy future

6 mins

The Making of the $2.85 BILLION Indian Pet Care Economy

India's pet care industry is experiencing remarkable growth, with projections indicating a 20 per cent CAGR and a target valuation of more than Rs 20,000 crore in 2025. What's stirring in the pet care pot?

10+ mins

LEADING THE PACK IN PET CARE INNOVATION

Setting a benchmark with a $60m investment from L Catterton, SHASHANK SINHA, CEO of Drools Pet Food, talks of the industry's appeal to investors, the benefits of the startup surge, and the brand's visible role in this thriving industry

3 mins

FROM FURRY FRIENDS TO FLOURISHING BUSINESS

RASHI SANON NARANG, Founder, Heads Up For Tails traces India's pet care sector's evolution, spotlighting its market factors, tech integration and future prospects

4 mins

COLLABORATIVE GROWTH & PET CARE STARTUP BOOM

Supertails sees the uptick in startups as an indication of the pet care industry's growth and vitality. The founders welcome other startups as partners to raise standards, innovate, and meet evolving pet parent needs of a growing industry

4 mins

ZIGLY'S DRIVE FROM DISARRAY TO ORGANISED PET CARE

During a conversation with BW Business world, PANKAJ PODDAR, Group CEO of Zigly's parent company, Cosmo First, delves into the industry's increasing allure to international investors, shedding light on the startup's contribution to this trend

3 mins

CARVING A NICHE IN THE PET CARE BOOM

With a remarkable turnout of over 20,000 attendees in its early stages, Pet Fed has swiftly become India's leading pet festival.

3 mins

BARKING UP THE RIGHT TREE: MARS PETCARE'S INVESTMENT & INNOVATION

In an exclusive conversation with BW Businessworld, SALIL MURTHY, Managing Director of Mars Petcare India, analyses the growth of India's pet care sector.

2 mins

INDIA'S PET HEALTHCARE MARKET TO DOUBLE BY 2029

With only 30 per cent access to quality pet healthcare presently, MaxPetZ's CEO, Arun Vasudevan, believes there is ample room for expansion, positioning the sector for robust growth

2 mins

How New Niche Segments Are Emerging With the Help of the Tech Industry

Fuelled by the harmonious integration of technological advancements and entrepreneurial ingenuity, niche domains such as astro tech, climate tech, pet care tech, and legal tech are experiencing rapid growth within the startup arena

4 mins

Is India's Pet Care Market the Next Investment Hotspot?

Top-tier investors like Cred founder Kunal Shah, Mamaearth's Co-founder Varun Alagh, and ShareChat's Co-founder Farid Ahsan are among those flocking to the pet care space

4 mins

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BW Businessworld is a fortnightly magazine that has been published since 1975. It is one of the most popular business magazines in India, and it is known for its in-depth reporting and analysis of the Indian business world. It also features interviews with leading business leaders and entrepreneurs. It's a guide to the ever-changing business landscape.

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