Feb 12, 2021
Large Indian companies do not have to reinvent the wheel – Saket Agarwal’s Onnivation finds them existing Israeli solutions for their pain points.
By Abigail Klein Leichman, ISRAEL21c
Saket Agarwal is a 30-year-old chartered accountant in India. How did he become Israel’s unofficial business and technology ambassador to his country?
It’s an inspiring story of how one man can significantly impact two simpatico countries – one tiny (Israeli population 9 million) and one huge (Indian population 1.35 billion).
Agarwal’s unusual five-year-old enterprise, Onnivation Ventures, offers a curated package of 15 Israeli deep-tech companies to solve challenges for India’s largest and most influential corporates and tech unicorns.
For FMCG firms, e-commerce is no longer an option. It s an imperative
A spokesperson for ITC, which makes staples, packaged biscuits, frozen foods, shampoo and deodorants, said the company’s e-commerce sales have almost doubled from 2.6% in 2019-20 to 5% by 2020-end.
Synopsis
In the fifth edition of its FMCG forecast, researcher Nielsen said e-commerce contributes 3% to overall FMCG sales in India, but that the pandemic would change that as more shoppers take to online purchases.
NEW DELHI: Large Indian FMCG companies said they expect e-commerce sales to continue growing faster than other retail channels even with the economy moving towards normalcy driven by convenience and better pricing.
Synopsis
While everyone realises that building a business together can be enormously rewarding for both startups and corporates, the outreach attempts have been few and far between. At the second panel discussion, leaders take on the issues impeding collaboration and joint innovation.
ETtech
With India s startup ecosystem on track to produce a hundred unicorns by 2025, the pace of collaboration between startups and big tech is expected to accelerate.
Sequoia Capital s Rajan Anandan, Google Cloud India s Karan Bajwa, WhatsApp India s Abhijit Bose, InfoEdge cofounder Sanjeev Bikhchandani, Portea chief executive Meena Ganesh and Meesho cofounder Vidit Aatrey delve deep into what these collaborations might look like and how they could be strengthened, in a conversation with