“Super brands will work better than super apps” – 25 quotes of the week on business trends in India

Launched in 2014, StoryBites is a weekly feature of YourStory, with notable quotes in our articles from last week (see previous edition here). Share these 25 Gems and Ideas of the Week August 1-7 with your colleagues and networks, and come back to the original articles for more. See our special compilation of quotes related to coronavirus responses in India here.

The next wave of D2C trade in India will come from Tier 2 and Tier 3 cities. – Saahil Goel, Shiprocket

MSME are the engines of India’s economic and social development and are poised to play a vital role in catapulting India’s GDP to realize its $5 trillion dream. – Arun Nayyar, NeoGrowth

The formalization of MSME lending and the high contribution of the MSME segment to India’s GDP presents a tremendous opportunity. – Amitabh Chaudhry, Axis Bank

The collective power of small enterprises in India, operating in a fast, frictionless, reliable, transparent and technologically advanced ecosystem is what will drive India to become a $5 trillion economy. – Amit Bansal, SOLV

We will witness an increase in the number of startups offering different services in a carbon neutral space in India over the next 2-3 years. – Manish Dabkara, EKI Energy Services

India’s next phase of growth will come from the innovations that startup founders bring. – Saumya Kumar, I-Venture @ ISB

There is no FOMO among investors now, which was noticeable in 2021, and they are in no rush to close the cycle. – Adith Podhar, Gemba Capital

Women driving the automatic solid waste dumpsters might not seem like a big thing, but it’s a big step forward women empowerment in rural areas. – Uma Mahadevan Dasgupta, Government of Karnataka

Menopause is a space that is not touched, and women have maximum problems there. – Swathi Kulkarni, Elda Health

The challenge of our education is that for most people Indian history ends at 1947 and everything after that year is conventionally taught in political science. – Eric Chopra, itihāsology

There is a large gap in the market, especially in the Consumer credit space where most professionals are either uninformed or uninformed about the basics of their financial well-being. – Anand Datta, Nexus Venture Partners

In a country like India, where absolute debt figures are high and expected to increase with increasing population, it is imperative to adopt advanced analytics collection models. – Puja Srivastava, Spocto Solutions

From sudden weather changes to internet shutdowns and power outages [in Kashmir]there’s a lot going on. Supply Chain is the first to be affected and this is one of the biggest challenges. – Sadaf Syed, Golden Hands

There are several patches of forests like Borajan which are becoming increasingly disjointed, driving the hoolock gibbon population into isolation. -Rushikesh Chavan, The Habitats Trust

There is a beautiful saying in Ayurveda that when the diet is wrong, medicine is of no use, and when the diet is right, there is no need for medicine. – Deepa Kannan, PFNR

Nuts and dried fruits have become synonymous with festivities, good health and good taste. -Akash Sharma, Farmley

This [nuts and dry fruits] The segment is large and the unorganized market accounts for 95% of the market. Products in the unorganized market suffer from quality, hygiene and adulteration problems. – Hariharan Premkumar, DSG Consumer Partners

Two years from now, the cost of two-wheelers, three-wheelers and electric four-wheelers will be equivalent to that of gasoline-powered vehicles, and the country will change. – Nitin Gadkari, Union Transport Minister

There is an astonishing level of awareness about electric vehicles, such as range, charging and TCO, even in Tier II and Tier III cities of India. – Prajwal Sabnis, Orxa Energies

Well-designed electric vehicles are needed to meet consumer expectations for range. – Ranjita Ravi, Orxa Energies

Three of the four vehicles sold in India are two-wheelers, but what’s available today has noisy, dirty, gas-powered engines from the last century. – Chris Sacca, Low Carbon Capital

Two-wheeled vehicles are the backbone of mobility in India and constitute a huge global market mainly because they are so easy to navigate in congested urban environments. -Jim Adler, Toyota Ventures

We will probably see new developments on the Data protection at the forefront of the government’s proposal for the Digital India Act, which will overhaul the current framework of the Information Technology Act 2000. – Shreya Suri, Indus Law

I fear the gap in ambient scientific know-how, which is necessary to integrate science into the process of economic development and the creation of cutting-edge enterprises. However, this ambient knowledge is not cultivated in India. – Tarun Khanna, HBS

There’s no greater feeling than seeing your flag step on the biggest sports stage in the world for you and know that you are the first ever Indian to win a medal. – Deepa Malik, Paralympian

Outside of metropolitan cities, especially in Tier II and Tier III areas, getting sunglasses is an expensive affair. Very few companies manufacture good quality glasses in India. – Mehul Jakharia, Eyewearlabs

The beauty vertical, online and offline, is experiencing growth momentum while driving efficiencies across the value chain. – Falguni Nayar, Nykaa

We believe that in India, super brands will work better than super apps. – Deepinder Goyal, Zomato

YourStory also published the pocketbook “Proverbs and quotes for entrepreneurs: a world of inspiration for startups” as a creative and motivational guide for innovators (downloadable as apps here: Apple, android).