How Nova Dairy built its network; Diagnostics solutions for Bharat
Nova Dairy, the consumer-facing arm of Sterling Agro Industries Ltd., has grown from a modest retail setup in Old Delhi to one of the prominent private-sector entities with integrated supply chains and modern processing facilities.
Hello,
The global entertainment industry is changing.
With AI-generated scenes appearing in TV series like Amazon's House of David, and an AI model recently appearing in an ad in Vogue magazine for the first time, workers in the industry fear increasing job cuts.
Meanwhile, AI actress Tilly Norwood’s creator Eline Van der Velden attempted to quell concerns that the avatar would affect real actors.
ICYMI: Last week’s big news was Netflix buying Warner Bros. Discovery’s film studio and HBO assets, including the streaming service, for $82.7 billion (including debt).
The deal has upset Hollywood unions and theatre owners, who have warned that the deal, if completed, would cut jobs, concentrate power and reduce theatrical movie releases.
Netflix currently has a 46% share of mobile app monthly active users in global streaming, according to data from market intelligence firm Sensor Tower. Combined with HBO Max, that share would rise to 56%, it found. While the news stunned many given its far-reaching effects on the global entertainment industry, regulatory hurdles might not be over yet for the streaming giant, CNBC reported.
Closer home, the startup ecosystem will closely watch omnichannel furniture retailer Wakefit’s Rs 1,288-crore IPO today. The company has set the price band at Rs 185 to Rs 195 per equity share. This values Wakefit at $669 million at the upper end of the price band.
In today’s newsletter, we will talk about
- How Nova Dairy built its network
- Diagnostics solutions for Bharat
Here’s your trivia for today: What sea borders China to the east and north, and South Korea to the west?
SMB
How Nova Dairy built its network
India’s dairy sector has witnessed a phenomenal evolution since it was delicensed in 1991. Deregulation created a platform for private players to expand rapidly, introduce technological innovations, and cater to the growing consumer demand. At the same time, the sector has also faced significant operational challenges, including fragmented procurement networks, seasonal supply fluctuations, and volatile market conditions.
Amid these challenges, Nova Dairy, the consumer-facing arm of Sterling Agro Industries Ltd., has grown from a modest retail setup in Old Delhi to one of the prominent private-sector entities with integrated supply chains and modern processing facilities.
Growth:
- Nova Dairy’s journey began in Khari Baoli, Old Delhi, considered to be Asia's largest spice market, with a family-run shop that sold ghee, milk powder, and assorted dairy ingredients.
- The company operates across both B2B and B2C segments; each contributes roughly 50% of its annual revenue of Rs 1,500 crore.
- Major institutional clients include Indian Railways, Nestlé, ITC Limited and Air India. The company’s distribution is the strongest in Delhi-NCR and Haryana, while the reach is limited in the neighbouring regions.
Startup
Diagnostics solutions for Bharat
For millions of Indians, getting an accurate medical diagnosis remains out of reach. When a patient experiences persistent breathing problems or chest pain, they need specialised tests and expert analysis to understand what's wrong.
Siblings Ankit and Saumya Shukla saw this problem up close. Their parents worked across medical colleges, and they witnessed how patients struggled to get accurate diagnoses. To solve this issue, they launched Dectrocel.
Key takeaways:
- According to Ankit, India has only one radiologist for every 125,000 people. "In Tier II cities and smaller towns, diagnosis delays stretch to 7-10 days with error rates between 25-40%," he says.
- Founded in 2020 in Lucknow by Ankit, Saumya, and Nikhil Mishra, Dectrocel develops AI-driven diagnostic solutions for radiology.
- The flagship product, DecXpert, is a clinical decision support platform that reads and interprets chest X-rays and CT scans.
News & updates
- F1 Win: Lando Norris has won his first Formula One world championship with a gutsy, nerveless drive of no little bravery to seal it with third place at the Abu Dhabi Grand Prix.
- Investment: Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe's top automaker faces a major crisis in its two key markets, China and the United States.
What you should watch out for
- ICICI Prudential Asset Management Company IPO will open for bidding on December 12 and close on December 16. The price band of the upcoming IPO is yet to be announced. In all, a busy week for the primary market.
- India and the United States will commence three-day talks on the first phase of their proposed bilateral trade agreement from December 10, PTI reported citing sources. The visit is crucial as India and the US are working to finalise the first tranche of the pact.
What sea borders China to the east and north, and South Korea to the west?
Answer: Yellow Sea
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