After lurching from one disaster to another in 2016, Japan’s Softbank is hitting all the right notes this year.
Recently, Greyhound Research has been recognised by a senior Analyst Relations professional, Dave Noble, as one of the upcoming Analyst firms. While this recognition is surely a feather in our cap and we are humbled on Dave’s decision to include us in the list, we are not letting this and other accolades go to our head. We remain committed to being a new-age IT Analyst firm with innovative offerings and robust processes.
India is in the throes of an entrepreneurship revolution with online start-ups getting the support of both consumers and venture capitalists. Over the years a large number of online travel start-ups have entered the fray to cash in on the e-commerce boom that has to a large extent been driven by travel segment in the country. One of the biggest challenges in the online travel space is competition, both from other online service providers and from traditional travel agencies. The travel industry, especially luxury travel, is the first to suffer in times of recession or downward economic trend. Both these situations are more challenging for start-ups than they are for established companies. Start-ups do not have any additional capital or reserves to fall back on, and during an economic downturn, if people spend on travel they prefer to go to a service provider where service satisfaction is guaranteed and not experiment with a new entrant in the market.
Setting up systems, adhering to all financial and legal requirements and transparency will help a venture sail through an increasingly complex due diligence process. Tight-fisted investors are taking longer to close deals at startups as they become more alive to the lurking risks. Where even a couple of years ago, they were content at evaluating just the audited book of accounts, they now insist on sifting through minute details of a business.