Hello People!
Italians still prefer their traditional pizza over the American variant. Dominoโs, which had plans for 880 stores in the country,๐ shut downed its last 29 branches. ๐ฅ
The home-delivery tactic didn't work either, as traditional pizza makers partnered with third-party services for delivery. E-Cell IIT BHUโs Newsletter will deliver the hottest๐ฅ happenings of the startup world right to your inbox.๐ฉ Happy Reading!!๐
#primetime
Nykaa set to acquire Little Black Book
If youโre into beauty, cosmetics ๐, and fashion, youโve probably shopped from Nykaa. The beauty retail company based out of Mumbai ๐ is all set to acquire digital content platform ๐ฑ Little Black Book (LBB) in an all-cash ๐ธ deal.
Little Black Book began as Delhi millennial ๐คท๐ปโโ๏ธ Suchita Salwanโs Tumblr blog ๐. Itโs now the go-to guide for food ๐, shopping ๐, events, and travel .๐งณ
The acquisition will let Nykaa leverage LBBโs brand discovery ๐ and content delivery ๐ platform. Also, Nykaa can use LBBโs creator network ๐ to drive consumer engagement ๐คณ and retention and to further scale operations.
You can read more about LBBโs amazing journey ๐ฎ here!
#quotethis
"When you buy something cheap and bad, the best youโre going to feel about it is when you buy it. When you buy something expensive and good, the worst youโre going to feel about it is when you buy it."
โ Sasha Aickin, former CTO at Redfin
#weeklyspecial
Build a team for Success!๐๐๐
"Teamwork makes the dream work, but a vision becomes a nightmare when the leader has a big dream and a bad team" ~ John Maxwell, Author
Points you should remember while structuring your team:
Start with yourself: Be prepared to put on the leaderโs hat and make tough decisions. You will need to analyze your strength ๐ช๐ป and weaknesses and identify what you bring to the table. You are responsible for ensuring collaboration.
Choose your team effectively: You need to choose/hire efficient candidates who would contribute something essential to the startup. Everyone on the team should have the same end goal ๐ฏ and a clear map of the proceedings.
There should be proper communication ๐ฃ๏ธ in the team. There must be deep mutual trust with the teammates, especially with the people up in the hierarchy.
Accountability: Treating people with respect is a two-way street ๐ค๐ป. The leaders need to hold everyone on the team accountable for their work and role. ๐ผ
#funzone
Weโve brought you a fun LOGO QUIZ (click)๐ป, featuring startups๐งโ๐ป from our institute๐๏ธ.
Go through the hints & guess๐ง them allโ
#podcastworthlistening
Limca๐ gets a Sporty Revampโผ๏ธ Coca-Cola๐ท is overhauling Limca by extending it to the low-sugar๐ญ, no-fizz๐บ category. The new product is called Limca Sportz, which has signed Neeraj Chopra.
Why the moveโ Find this out in the podcast by The Signal Daily๐.
Thatโs it, folks! Hope you had a good read ๐! Weโll be back next week โญ๏ธ to keep you posted ๐