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From brands working with farmers to Indian handloom gaining attention, the top SMB stories of this week
This week SMBStory covered brands that are helping Indian farmers and artisans to earn a better livelihood whilst contributing to the Indian farming and handicraft sector.
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The organic food space in India has drastically changed in the last decade. According to the Organic Trade Association, 52 percent of organic consumers are millennials.
The switch to handcrafted and slow fashion has also seen a rise, with plenty of brands reviving dying traditions and helping artisans earn a livelihood. The handicrafts sector is crucial to the Indian economy, as it is a huge employment generator, and accounts for a significant share of the country’s exports.
These entrepreneurs turned their family-run small businesses into BSE, NSE-listed Indian companies
Here’s a curated list of eight Indian companies that have garnered prominence in the country besides venturing into the foreign market.
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Amazon Executive Chairman Jeff Bezos once said, “Big things start small.”
It takes grit, patience, and perseverance to establish a business from scratch and scale it globally, more so to file for an initial public offering.
SMBStory has curated a list of eight Indian family-run businesses that are listed on the Indian bourses NSE and BSE. Apart from the domestic market, these companies also have operations overseas.
At 23, this Delhi entrepreneur started a tea brand that now sells to 104 countries; rakes in Rs 145Cr turnover
Bala Sarda founded Vahdam Teas in New Delhi in 2015 to make the Indian teas brand positioning stronger in the global market. With a total of 175 SKUs, the company clocked Rs 145 crore turnover this fiscal.
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According to an IBEF report, India ranks second in tea production. In fact, after water, tea is the most consumed beverage across the world.
Geographically and climate-wise, India is suitable for tea cultivation, with the northeast region, north Bengal, and southern India accounting for the highest tea production.
These newly-launched businesses are taking on leading Indian brands: top SMB stories of the week
From Indian spices to comfortable mattresses, this week SMBStory came across several Indian brands who are making a place for themselves in the market despite competition from big brands.
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Many entrepreneurs say competition unfolds opportunities for businesses, and these newly-launched Indian companies are vouching for it.
From serving premium spices in the market that is 90 percent dominated by MDH, Suhana, and Everest to making affordable mattresses these entrepreneurs are unfolding opportunities in their respective sectors.
Here are the top SMB stories of the week: