The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Narayanan: Target Revenue Multiples Are 5x in Fashion and 6x-7x in Beauty
“My sense is, I think a five X would be interesting. Five X on fashion would be interesting beauty. I think between four and six, no, actually maybe six, seven. I think. Food will be probably lower. Will be three, four.”
Narayanan: ONDC adds value to brands but will not replace platforms
“I do think ONDC can add value to brands.
I'm not sure there are replacement to platforms.”
Narayanan: India's market for quiet luxury remains very small
“My sense is I think the market in India for, I think we're not yet evolved to a stage of restrained capitalism where you don't want to actually demonstrate that you bought something expensive. I think that market is very, very, very small.”
Narayanan: Consumers want provenance, creating opportunities for Indian luxury brands
“No, no, I think Indian luxury, I don't mean ethnic, right? I think there's an opportunity for handcrafting for luxury, ah, I think across a range of categories. I think, ah, you know, five years ago, seven years ago, I would have said no, but I think now there…”