Decoding 2021’s most inspiring stories and trends that prevailed in MSME sector

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The year 2021 will stand out in history as one of the unforgettable years when the MSME (micro, small and medium enterprises) ecosystem fought tooth and nail to survive the second wave of the coronavirus pandemic.

While the year started with us celebrating a battle we believed we had almost won, the year is ending with some profound learnings, a changed perspective of the ecosystem stakeholders and memories that will not be forgotten.

Now, as we draw the curtains on this year, SMBStory lists 10 homegrown brands that proved their resilience during the second wave and are ready to face 2022.

The list has been curated keeping in mind several factors — innovation, competition, resilience and grit of the founders, impact on society, growth metrics and more.

Read the full story here.

Trends reshaping the restaurant industry

The restaurant industry across the world was one of the hardest hit during the pandemic. While restaurants were asked to shut shop overnight in India after the government announced lockdown during the first wave of the pandemic, the second wave impacted an already fragile restaurant industry and even forced the shutting down of many restaurants permanently.

According to a report by the National Restaurant Association of India (NRAI), the restaurant industry reported a 53 percent decline in business in FY21 with the market size shrinking to Rs 2 trillion from ₹4.2 trillion in FY20 due to the pandemic.

While the pandemic threatened the survival of independent restaurants as a category, a few of them managed to pivot by adapting to the new normal and ventured into QSRs and virtual restaurants. Overall, the pandemic gave many avenues to entrepreneurs in the restaurant business for research and innovation.

While the industry scenario has completely changed, restaurants are trying to innovate and establish a successful business compared to their earlier ventures.

As the industry emerges from the many challenges and uncertainties caused by the pandemic, SMBStory looks at five trends for the restaurant industry in 2022.

Read the full story here.

Top 10 inspirational stories of 2021

While the pandemic posed many challenges to Indian MSMEs in 2020, the year 2021 was all about adapting to the new normal and building self-resilience and courage in the face of adversity and moving forward.

This year, SMBStory brought stories of small businesses who, through small steps, are reaching their goals to become successful big businesses.

We bring to you the top 10 SMB stories of 2021 to motivate you with their uplifting journeys and to influence you to kickstart working on your dreams.

Read the full stories here.

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