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Byju's To Offer Courses In Hindi From Next Year Online learning startup, Byju’s, expects to turn profitable and eyes a billion-dollar valuation this year. Just two years after it launched its popular learning app in August 2015, Byju's founder, Byju Raveendran claims that the app has been downloaded eight million times and has converted over five per cent of its users to pay for the content to achieve revenues of Rs 260 crore last year. The firm reported profits in the last quarter, but ended the whole year with a loss. Byju Raveendran, Founder, Byju's, said, "We have 89 per cent renewals on our paid app. This shows that students are liking our product. We will be a profitable unicorn soon." The start-up provides a K-12 learning app, which offers learning programmes for students in classes 4-12 and for those preparing for competitive exams. The firm is also building courses to tap the international market and offer courses in loca...

Dairy Has Immense Potential In Bengal: Amul The dairy industry has immense potential in West Bengal as both raw material and demand are present and Amul has already firmed up a Rs 200 crore new processing plant in the state. "In West Bengal dairy is growing at just two to three per cent against national average of five per cent, despite the fact that the state has everything from raw material to demand," R S Sodhi, Managing Director of GCMMF, owner of Amul brand told PTI. What is required is organising dairy farmers and procurement of milk processes and Amul is keen in hand holding the state government in offering knowhow and technical support to increase yield, he said. "We will have the plant ready in the next one y ear," Sodhi said.

Building Factors of Franchisee-Franchisor Relation To build a successful enterprise, the relationship between franchisee and franchisor should shoulder the responsibilities equally. The entire game of business depends on two sides, ‘buy’ and ‘sell’. One buys from somewhere and sells to others and the chain goes on and on. The volatility movement of product and money keep the business’ movement steady. We all are tied to one another by an invisible thread called, relationship. In business too relationship exists; the relationship is not just in between buyers and sellers but also in between franchisors and franchisees. And to build a successful enterprise, the relationship between franchisee and franchisor should shoulder the responsibilities equally as it is a mutual relationship. India is divided by cultures and united by food, thus in restaurant business, the relationship between franchisee and franchisor demands an extra push on the existing factors to keep the whe...

Britannia to Increase Distribution Footprint After Initial GST Bumps After facing initial GST hiccups, FMCG major Britannia is looking at increasing its distribution footprint and winning market share from local players. According to a PTI report: The company, which witnessed de-stocking in trade channels due to migration to GST, said the new tax regime has brought a level playing field. “Our key strategic focus area is to increase distribution footprint, grow rural and win (market) share from local players”. Last year, Britannia, whose main business segments are bakery and dairy, had entered into a joint venture (JV) agreement with Greece’s Chipita SA to manufacture and sell ready-to-eat filled croissants. Currently, the work is underway to establish operations of the JV. Britannia is present in more than 70 countries, its key geographies being West Asia, Africa, Americas, Asia Pacific and SAARC.