August 2017 Entrepreneur India Monthly Magazine
August 2017 Entrepreneur India Monthly Magazine Read More »
August 2017 Business trends proved to be a significant month for India’s business and startup ecosystem. As the country adapted to critical policies like GST, urban mobility gained momentum, and marketing turned increasingly digital-first, new pathways opened for entrepreneurs. Meanwhile, startups were being recognized for innovation and social impact, signaling maturity in mindset and funding priorities. This 1500?word exploration dives deep into the movements that shaped August 2017 Business Trends—and offers enduring lessons for today’s business leaders. See More : Cottage Industry 1. Startup Ecosystem Shows Off at Awards In August?2017, India’s startup ecosystem took center stage at award ceremonies that celebrated scale, innovation, and social intent. 1.1 ET Startup Awards On August?18, The Economic Times Startup Awards spotlighted rapidly emerging companies. Swiggy clinched Startup of the Year, while Pandorum and Bugworks were recognized for their cutting-edge innovation in biotech. Aibono earned praise as Social Enterprise of the Year, blending agritech products with farmer empowerment. Why it mattered: These accolades showcased business maturity—companies were not just chasing growth, but impact. Being mentored by leaders like Nandan Nilekani and forming partnerships with investors meant validation for scaling startups. That narrative helped move capital from speculative to proven models. 1.2 Sharper Business Focus By mid?2017, Indian investors began shifting from glamour to fundamentals. Startups that showed strong governance, unit economics, and societal contribution—elements recognized at August’s award season—were being prioritized over aspirational hypergrowth models. 2. Marketing Strategy Goes Digital First August 2017 Business Trends marked a turning point: consumers expected something beyond banner ads. Below are eight digital marketing trends outlined by Entrepreneur India that began dominating strategies. 2.1 Native Advertising Ads that seamlessly fit into content—whether long-form editorial or video—began seeing higher click-throughs and engagement. Drawing from international successes, Indian brands experimented with influencer-written advertorials and embedded social-media series. 2.2 Micro-Influencer & Influencer Marketing With celebrity promos everywhere, a new focus emerged on micro?influencers: bloggers, YouTubers, and Instagrammers with niche audiences. Brands began partnering with specialists—like fitness coaches or local foodies—to deliver more authentic endorsement and conversions. 2.3 Visual Storytelling Short-form video (under 60 seconds) became a tool to tell bite-sized brand stories. Whether produced in-house or with creative studios, these made brands more relatable and shareable across platforms like Facebook, Snapchat, and emerging Indian apps. 2.4 Ephemeral & Instant Experiences With Snapchat and Instagram Stories taking off, brands experimented with day?only promotions—limited?time offers that drove invitations and on?demand notifications. The ephemeral nature increased urgency and engagement. 2.5 Mobile-First Engagement More than 90% of Indian consumers accessed brands via mobile. Businesses optimized their thumbs-on-the-screen experience, reducing page weight and catering to 2G/3G networks—an essential strategy in tier?2 and tier?3 cities. 2.6 Chatbots & Customer AI Brands began integrating simple chatbots for FAQs, hours, or catalog navigation on Facebook Messenger and website chat. It was a small leap toward building smarter, conversational customer experiences. 2.7 Personalization Marketers moved away from mass emails toward segmented messaging—grouping users by location, past behavior, age group, or viewing habits. Personalized subject lines and offers increased click and conversion rates. 2.8 Omnichannel Integration Whether a user saw a billboard, website banner, or store display, the sequel of messaging needed to be similar. Brands with cohesive tone and design across physical and digital channels gained credibility. Outcome: During August?2017, brands that doubled down on mobile and storytelling, especially on immersive experiences, began seeing improved customer loyalty and weaker dependence on traditional broadcast media. 3. Urban Mobility: Reinvention Takes Shape Cities across India were in flux. Public transport overloaded, garages crowded—yet the digital wave provided answers. 3.1 Ride-Hailing Matures Big players like Ola and Uber were joined by hyperlocal aggregation of cabs, auto-rickshaws, and two-wheeler taxis (later to become platforms like Rapido and Bounce). During August 2017 Business Trends, investors backed startups experimenting with self-drive models, subscription services, and fleet financing to eliminate vehicle ownership hassles. 3.2 Rise of Shared Mobility Car-sharing platforms began offering hourly rentals near metro stations. Early test zones in Bengaluru and Hyderabad hosted pilot fleet-sharing vehicles. 3.3 Backup from Government & Policy State transport authorities recognized shared car schemes as urban decongestion mechanisms. Local governments began openly exploring pilot zones and data-sharing with mobility startups. 3.4 Value?Velocity?Volume Mobility wasn’t just about moving people—it was about offering reliable, affordable, and timely options that matched people’s lifestyle and income levels. That can only truly happen when infrastructure + technology + policy align. 4. Logistics & Supply-Chain Overhaul Carrying goods in post?GST India became a competitive advantage. 4.1 Warehousing Shift With India’s tax borders removed, logistics companies consolidated small warehouses into regional hubs. Investors bet on last-mile logistics startups that used tech for route optimization and real-time tracking. Benefit: Centralized inventory lowered stock levels but sped up distribution—beneficial for both e-commerce and brick-and-mortar chains. 4.2 Data-Driven Fleet Use Logistics startups began collecting GPS, weight, and time data to identify inefficiencies. AI-backed route management allowed better asset utilization and reduced empty runs—a challenge still common in the sector. 4.3 MSME Opportunity Small manufacturers in Tier?3 markets found it easier to dispatch through tech-enabled logistics partners. Quick delivery no longer depended solely on proximity to metro hubs. 5. Tech Infrastructure: The Quiet Revolution August?2017 was quiet but foundational for India’s digital future: 4G Rollout: Widespread 4G access (e.g., with new carrier capacity) enabled smoother mobile browsing and video streaming. This changed user behavior at scale. Edge Analytics & AI: Even small firms began integrating free AI tools—Google’s Dialogflow, Amazon Lex—for lightweight chatbot responses. Freemium SaaS Growth: Businesses started paying for essential tools—Zoho CRM, QuickBooks, Mailchimp—shifting from spreadsheets to subscription models. These micro shifts cumulatively moved India’s business landscape into the digital age. 6. Content Strategy Goes Deeper Traffic metrics took a backseat as content found new purpose: Engagement > Page views: Bounce rates dropped when articles focused on solving actual problems, not just SEO bait. Emotion-first storytelling connected more deeply in categories like parenting, beauty, and finance—timely across both urban and vernacular audiences. Interactive formats like surveys, calculators, and live Q&As increased retention and social sharing. 7. On-Demand Services: