Daybreak

Reliance has a lot to celebrate. The bidding for Jio IPO closed on Friday, more than 20 times subscribed, and with India's biggest valuation ever; the shares will list on Wednesday.

But the Ambani empire is bigger than just Jio, and not every member of the conglomerate is getting attention.

Take Ajio, which is heading into the competition of festive season with falling traffic, trimmed marketing and discounts, and big brands focusing more on Myntra.

The new CEO of digital business, including Ajio, is Sandeep Karwa. He has the right experience, but executives told The Ken that the investment necessary hasn't arrived yet, and Reliance's control on decisions and payments limit his freedom.

In this read aloud of Nuha Bubere's newsletter edition of Trade Tricks by host Rachel Varghese, we look at whether Karwa can turn Ajio around.

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

Creators and Guests

RV
Host
Rachel Varghese

What is Daybreak?

Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.

Hosted from The Ken’s newsroom by Snigdha Sharma and Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.