Competition and Industry News
A ‘compromise’ to test the watersedit
Small stores are unlikely to be subsumed by big retail brands which are expected to focus on the high-end market
The move may also help home-grown single brand e-tailers like Urban Ladder source more foreign venture capital to fund their expansion.
Publication: Financial Chronicle
Date: January 19, 2018
Govt booster shot on single brand retail gets mixed reactionsedit
In 2012, Swedish furniture major IKEA started doing research in India going from one household to another in different cities to understand the needs of the Indian consumer. In 2013, it announced plans to invest Euro 1.5 billion or around Rs 10,500 crore in India over a period of 15 to 20 years.
Publication: Financial Chronicle
Date: January 19, 2018
Online furniture retailer Home24 to float in early summeredit
German online furniture retailer Home24, in which Rocket Internet is a major investor, is preparing a stock market listing in early summer, Manager Magazin reported on Thursday, citing unnamed company insiders.
Publication: The Economic Times
Date: January 18, 2018
Redefining Indian Homes In Styleedit
Livspace, an online home design and renovation startup, was founded in 2012 by tech specialists Ramakant Sharma, Anuj Srivastava and Shagufta Anurag, founder of architectural design consultancy Space Matrix.
Publication: Businessworld
Date: January 18, 2018
Pepperfry expands its leadership teamedit
Home and furniture marketplace Pepperfry is steadily building its leadership team one senior executive at a time.
Publication: The Economic Times
Date: January 18, 2018