| Category | Stories |
|---|---|
| Company News | 15 |
| Competition and Industry News | 34 |
Company News
For Startups Looking To Hire Or Connect With Mentors, Colangels Is Playing A Ministering Angeledit
This headline from a Forbes August 2018 article aptly describes the role a mentor plays in the entrepreneurial journey of a startup founder or a wannapreneur. However, with India leading the global charts as the third-largest startup ecosystem — with more than 39K startups and a million more eyes dreaming of their own ventures — finding the right mentor to help start and scale a company is no easy task.
Publication: Inc 42 (Online)
Date: January 31, 2019
Four Awesome Study Tables for Your Roomedit
If you are a student or a freelancer or a journalist, you need your comfort zone to write and learn and work. Study tables are an important feature in every household. They help us give the comfort to do our works. It also is a part of designing the house in a proper way. You can have altogether a separate room for work where you can place your study table, or you can keep it in your bedroom or at a corner in your living room.
Publication: India Post (Online)
Date: January 30, 2019
Why are Urban Ladder and others using Talent Litmus for HR assessment edit
Urban Ladder one of the early customer of Talent Litmus vouches for it. “We chose Talent Litmus over other traditional assessments because it was easy to customize to our roles, engaging and scalable, giving a clear direction about an employee’s behavioural competencies,” said Akash Chauhan, Director & Head HR, Urban Ladder, India’s leading furniture e-tailer.
Publication: Economic Times (Online)
Date: January 29, 2019
Urban Ladder says omni-channel calls paying off, to boost revenue this yearedit
Furniture retailer Urban Ladder Home Decor Solutions Pvt. Ltd expects its revenue to grow by around 75-80% and losses to narrow by around 40-45% in the financial year 2018-19. Strategic calls it has made over the past few years, including building an integrated omni-channel business model, have started to pay off and will help boost revenue and reduce losses, a top executive said in an interview.
Publication: Live Mint (Online)
Date: January 25, 2019
The price-value equation: Indian consumer’s purchase behaviour is evolvingedit
It’s a common belief that there is only one thing that can move the Indian consumer to buy — price. Well, this belief is only partly true. While price is an important consideration, what Indian consumers find more important is value. One can say the Indian consumer is very ‘value conscious’, evaluating benefits and quality vis-à-vis price. Apart from impulse purchases, any other purchase is like extended problem-solving. The Indian consumer is a ‘smart shopper’ and takes massive pride in being one.
Publication: Financial Express (Online)
Date: January 18, 2019
Latest home decor trends for vibrant and comfortable spacesedit
Let your space be a reflection of the vibrant and enigmatic year that is in store for you. Looking for inspiration? Here’s a list of what is trending in home decor.
Publication: Web India 123 (Online)
Date: January 14, 2019
Existing investors plan $100-m pep pill for Pepperfryedit
Goldman Sachs PE, Norwest Venture Partners and Bertelsmann India Investments may invest $100 million in branded furniture etailer Pepperfry, riding on a wave set off by Ikea, which entered India last year. The funds from the existing investors will help Pepperfry expand its offline presence and diversify, said three people with direct knowledge of the development.
Publication: The Economic Times (Online)
Date: January 14, 2019
Popular online retailers now give shoppers the ‘real’ experience with offline storesedit
The growth and popularity of e-commerce platforms and online stores had led to speculations that retail stores and outlets would become extinct in the near future. However, these have been proved wrong with more online retailers of various verticals moving to offline or physical stores, underlining that omni-channel presence is the future of retail.
Popular companies like pepperfry, Urban Ladder, LimeRoad, Zivame, Nyka and Lenskart have floated their offline stores and are planning to add more in the coming years.
Publication: Exchange4Media (Online)
Date: January 14, 2019
Urban Ladder doubles revenue in FY18edit
Urban Ladder, Bengaluru-based furniture and home décor retailer, has reported an increase in operating revenues in the year ended March 31, 2018.
Publication: Indian Retailer (Online)
Date: January 5, 2019
urban ladder
Urban Ladder And How It Became A Success Todayedit
The last ten years in the startup world have been exciting. The field completely changed from what it was earlier. One of the new startups to emerge during this period was Urban Ladder, a startup which redefined the way people bought furniture online. Here’s taking a look at the journey of Urban Ladder to become a success!
Publication: Startup Stories (Online)
Date: January 2, 2019
Urban Ladder’s revenues rise,losses narrow significantly amid offline expansion planedit
Omnichannel furniture retailer Urban Ladder has managed to post a healthy increase in its operating revenues while significantly narrowing its losses for the financial year 2017-18
Publication: Techcircle (Online)
Date: January 2, 2019
urban ladderUrban Ladder posts 137.60% increase in FY18 revenuesedit
Bengaluru-based furniture and home décor retailer Urban Ladder posted 137.60% jump in revenues in the year ended March 31, 2018, according to data sourced from business intelligence platform Tofler. Revenue from operations rose to Rs 96.64 crore in FY18 against Rs 40.67 crore reported in FY17. The company’s net losses narrowed by 74% in FY18 to Rs 118.66 crore compared to Rs 457.69 crore losses recorded in the year ago period, the data showed.
Publication: Financial Express (Online)
Date: January 01, 2019
Urban Ladder Eyes Profitability With 202% Jump In Revenue In FY18edit
Urban Ladder Home Decor Solutions Private Ltd-owned online platform for home furnishings, Urban Ladder, announced its financial results for the fiscal year ending March 31, 2018, reporting revenue of $21.68 Mn (INR 151 Cr), a jump of 202% against the last financial year revenue of $7.17 Mn (INR 50 Cr).
Publication: Inc42 (Online)
Date: January 01, 2019
Urban Ladder narrows losses, revenue doubles edit
Urban Ladder Home Decor Solutions, which owns and operates online furniture retail platform Urban Ladder, posted much-improved results for financial year 2017-18, after the SAIF Partners and Sequoia Capital backed company cut down on expenses. On a standalone basis, for fiscal 2018, the company suffered a loss of Rs 118.66 crore, a drop of more than 74% compared to financial year 2016-17, when it posted loss of Rs 457.96 crore, according to documents filed by the company with the Registrar of Companies, and accessed by business intelligence platform Tofler.
Publication: The Economic Times (Online)
Date: January 01, 2019
Urban Ladder halves its expenses and doubles revenue in FY18edit
Online-cum-offline furniture retail platform Urban Ladder’s focus on expanding offline stores and cutting expenses has worked for the firm in FY18. The company’s consolidated revenue in the latest fiscal year doubled to Rs 204.73 crore from Rs 101.87 in FY17, while the expenses went down by 50 per cent, halved, to Rs Rs 284.91 crore from Rs 560.99 crore in previous fiscal. While Urban Ladder aims to be profitable by December 2019, in FY18 it incurred a loss worth Rs 117.32 crore, a 70.4 per cent shrink from Rs 459.11 crore figure in FY17.
Publication: Entrackr (Online)
Date: December 31, 2018
Competition and Industry News
E-commerce Technology Trends That Will Take Center Stage In 2019edit
We are in 2019 and it’s easier to set up a business now than ever before. This is thanks to the growth of e-commerce accentuated by an increasing internet penetration around the globe. According to statistics, total worldwide e-commerce sales will reach a whopping amount of $3.3 trillion this year. With umpteen number of opportunities, e-commerce is all set to make the most of this year although the industry is counting on technology for its growth. Here’s a list of trending technologies that will take centre stage in 2019.
Publication: Entrepreneur India (Online)
Date: January 28, 2019
E-commerceFMCG, M&A trends amongst the key drivers of retail growth: Deloitte Global reportedit
According to Global Powers of Retailing 2019, a new report from Deloitte Global, the FMCG sector continued to be the key driver of growth, for the Top 250 global retailers helping them achieve strong growth in FY2017 despite economic instability. Retail revenue increased by nearly 83.2% of the world’s 250 largest retailers (208 companies), generating aggregate revenue of $4.53 trillion in the fiscal year 2017.
Publication: Indian Retailer (Online)
Date: January 28, 2019
E-commerceOnline retailing: Omni-channel the way forward for e-tailers as they look to improve customer experienceedit
Given that only 3% shopping in India is done online, e-commerce companies are expected to intensify their competition against brick-and-mortar stores and strengthen their multi-channel strategies this year, market research firm RedSeer Consulting notes in a report. The report states that as of 2018, online grocery held less than 1% of the $500-billion grocery market in India, online baby care comprises a mere 3.5% of the over $22 billion pan-India market, while online furniture and beauty and personal care segment forms 3% each of the $16-billion and $15-billion domestic market, respectively.
Publication: Financial Express (Online)
Date: January 27, 2019
E-commerceKitchen Cabinets: Refreshing themes for a modular kitchenedit
The kitchen of the house is certainly getting a lot of attention in the home improvement category to increase both its functionality and decor.
Publication: The Times of India (Online)
Date: January 24, 2019
Home DecorDifferent jacquard designs and home décor trends for 2019edit
There are many décor trends which are rising this year and one of them is jacquard designs. The design has a pattern woven into weave instead of printing and dyeing.
Publication: The Statesman (Online)
Date: January 24, 2019
Home Decor
Davos 2019: Ikea to open store in Mumbai this year, says CEO Jesper Brodinedit
Jesper Brodin, CEO, Ikea is betting on the India story. In an exclusive interview to CNBC-TV18 on the sidelines of World Economic Forum in Davos, Brodin reiterated that the response to their Hyderabad store has been phenomenal and that has motivated the company to take risks and expand in other metros as well.
Publication: CNBCTV18 (Online)
Date: January 24, 2019
IKEAPepperfry’s Expansion Plansedit
In mid-2011 the idea of an online furniture marketplace was unheard of, but 7 yrs later with investors like Goldman Sachs, Norwest Venture & over 1.2 lakh items being sold, Pepperfry is synonymous online furniture.
Publication: Times Now (Online)
Date: January 24, 2019
PepperfryQuikrHomes hosts QuikrHomes Realty Awards 2019edit
Homelane.com was awarded the Best Homes Interior Company of the Year 2018 – 2019
Publication: Business Standard (Online)
Date: January 23, 2019
HomeLaneIKEA-furnished homes are now just a Virar local awayedit
After its first store opening in Hyderabad, IKEA has collaborated with Rustomjee to provide fully-furnished 1BHK and 2BHK in Mumbai
Publication: Architectural Digest (Online)
Date: January 23, 2019
IKEAHome decoration: 4 Quirky ideas to style up your abodeedit
Round sofas can be a chic way to bring the curvy trend into your home, and bold colours, huge patterns, bloomy patterns and brass decor can be included in the geometric pattern trend that can help in styling up your abode, suggested experts.
Publication: India TV (Online)
Date: January 23, 2019
Home Decor
Omnichannel Strategy: Combining the best of online and offlineedit
Some startups are trying to develop technologies to alleviate brick-and-mortar firms’ most critical pain and friction points to fight off the online-only shopping model.
Publication: Financial Express (Online)
Date: January 23, 2019
E-commerceIKEAQuirky ideas to style up your abodeedit
Round sofas can be a chic way to bring the curvy trend into your home, and bold colours, huge patterns, bloomy patterns and brass decor can be included in the geometric pattern trend that can help in styling up your abode, suggest experts.
Publication: Business Standard (Online)
Date: January 22, 2019
Home Decor8 tips of buying bedroom furnitureedit
Among all the furniture, we become very conscious to buy the bedroom furniture. There are certain tips that you need to follow when you go for bedroom furniture shopping.
Publication: The New Indian Express (Online)
Date: January 22, 2019
Home DecorIkea to furnish 1,200 apartments of Rustomjee group’s Global Cityedit
The Indian arm of Swedish home furniture retailer has joined hands with Rustomjee group and will furnish 1,200 apartments at the real estate developer’s Global City, the township on 217 acre in Virar, Maharashtra.
Publication: The Financial Express (Online)
Date: January 22, 2019
IKEAMethod to the mattrestedit
The role of an optimum mattress is to reduce the excessive pressure built in one region, and distribute it across the mattress,” elaborates Subodh Mehta, senior vice president (B2C), Godrej Interio.
Publication: Deccan Chronicle (Online)
Date: January 21, 2019
GodrejA broken wall, an empty bank account, and a crashed website: the extraordinary story of Pepperfryedit
A business plan, funding taking time, an unimagined response from customers, and a pivot – these define the eight-year journey of Pepperfry
Publication: Yourstory (Online)
Date: January 21, 2019
Pepperfry
Fabric of lifeedit
Geometric prints, animal motifs, floral patterns or smart stripes? Know what’s big in furnishings this season and how to give your interiors a facelift.
Publication: India Today (Online)
Date: January 18, 2019
Home DecorNew-age home decor: How to design your home with wooden furnitureedit
Be it a wooden sofa or wooden beds, more and more people are opting for wooden furniture as home decor.
Publication: The New Indian Express Indulge (Online)
Date: January 18, 2019
Home DecorItalian furniture brand Porro arrives in Mumbaiedit
Known for its unique combination of tradition and modernity, clean lines and sophisticated materials, Porro is all set to please Indian customers with its design.
Publication: Architectural Digest (Online)
Date: January 16, 2018
E-commerce marketplaces face three major challengesedit
The department of industrial policy and promotion recently released Press Note 2 of 2018, wherein it has reviewed and clarified the foreign direct investment policy for e-commerce. The changes are set to come into effect from 1 February. The question that plagues the industry is what will be the impact on the sector.
Publication: Live Mint (Online)
Date: January 16, 2019
E-commerceOpinion | Time to redo FDI in e-commerce in Indiaedit
India’s restriction on foreign investment in retail was originally inspired by government’s concern for the well-being of shopkeepers and small retailers. When the green shoots of e-commerce first became visible, this anxiety transferred to the digital world. The government issued a press note (Press Note 2 of 2000) that made it clear that restrictions in the offline world would apply with just as much vigour to the online world—establishing an equivalence that was unwarranted at the time between the nascent e-commerce industry and traditional Indian retail.
Publication: Live Mint (Online)
Date: January 16, 2019
E-commerceInstagram’s e-commerce bet to take on Amazon, Flipkart, Google might be a long shotedit
Instagram is planning to compete against e-commerce biggies in India such as Amazon, and Flipkart even as Google too launched its shopping search feature last December. Facebook too had been testing the Indian e-commerce waters in the past. With its ‘Shopping on Instagram’ feature, the company will help customers buy products online. Apart from India, the company is expanding the feature to 26 countries from existing 46 countries, the company said on its website. That seemed imminent since India is its second largest market with 71 million users – as per company statistics site Statista – following the US with 121 million users as of October 2018.
Publication: Financial Express (Online)
Date: January 13, 2019
Amazon Great Indian Sale announced, starts January 20; deals on smartphones, home appliances and moreedit
Amazon has announced its yearly shopping carnival the ‘Amazon Great Indian Sale’ for Indian consumers. The e-commerce company will offer discounts, deals, cashback and more on over 170 million products across hundreds of categories on Amazon.in. The four-day sale will kick off from January 20 and will continue until January 23 midnight.
Publication: BGR.in (Online)
Date: January 12, 2019
AmazonIn new e-comm FDI policy omni-channel retailers see $40-b opportunity by 2021edit
The recent FDI guidelines for e-commerce, which provide a fillip to brick-and-mortar retailers to up their omni-channel game, has opened up a $40-billion opportunity for companies
Publication: The Hindu Business Line (Online)
Date: January 10, 2019
Lighting fixtures that will enhance your home decoredit
Lighting decides the ambiance of your living space-be it a lively and vibrant drawing room, a cosy bedroom or a well-lit reading nook
Publication: Times of India (Online)
Date: January 9, 2019
Home DecorConfused about using ‘colour of the year’ in your decor? here’s helpedit
The colour of the year created much stir in the interior decor industry.
Publication: Times of India (Online)
Date: January 8, 2019
Home DecorWall Stickers for Kitchen: Doodles, food themes and moreedit
Fruits Cartoon’ Wall Sticker When it comes to a set up a kitchen, functionality is the topmost consideration for any investment.
Publication: The Times of India (Online)
Date: January 7, 2018
PepperfryThe new trends in home decoredit
Interior designing takes a drastic leap year by year. New trends and introductions happen every year and people are left confused regarding the designs or trends to follow
Publication: Deccan Chronicle (Online)
Date: January 7, 2019
Home DecorSpread coral charmedit
Colour trends are on the top of the list for those looking to add a touch of freshness to their interiors. Each year the Pantone Colour of the Year sets the tone for the colour trends in home decor.
Publication: The Tribune (Online)
Date: January 5, 2019
Home DecorIKEA India’s net loss widens 114% to Rs. 368 crore in FY18edit
IKEA India Private Limited, part of Swedish retail firm’s net loss widened 114% to Rs 368 crore, for the year ended March 2018, as per financial data accessed by business intelligence platform, Tofler. The company’s net loss stood at Rs 172.2 crore in FY17. Total revenue too declined 17.6% to Rs 41.5 crore in FY18. The retailer had reported revenues of Rs 50.4 crore in FY17. An email sent to IKEA India Private Limited is yet to elicit any response.
Publication: The Economic Times – Brand Equity (Online)
Date: January 3, 2019
IKEAMinimalistic interiors are inedit
The minimalistic approach will continue to trend due to rapid urbanisation, says Anil Bhaskaran, managing director and chief architect, IDEA Centre Architects Pvt Ltd Bengaluru.
Publication: Deccan Herald (Online)
Date: January 2, 2019
Home Decor2019: Interior decor predictionsedit
As the new year draws in, everyone is busy predicting the upcoming styles and trends. The interiors industry saw some brilliant and bold designs in 2018 and the trends will only get better in 2019.
Publication: The Times of India (Online)
Date: January 2, 2019
Home DecorTop interior design trends of 2019, according to Pinterestedit
From quirky wallpapers to adding greenery in the living room and natural swimming pools, here are some of the top interior decor trends to expect this year.
Publication: The Indian Express (Online)
Date: January 2, 2019
Home DecorBest baby cribs for your newborns for their sound sleepedit
When it comes to buying something for your newborn, you need the best; be it clothes, toys or even a crib.
Publication: The Times of India (Online)
Date: January 2, 2019
Pepperfry