Company News
Meet the Mavericks: This co-founder and entrepreneur discusses his riskiest bets, handling setbacks, and home decor tipsedit
This week, we are taking a look at a maverick of the ecommerce world: Rajiv Srivatsa, Co-founder of Urban Ladder. Rajiv Srivatsa, an IIT Chennai and IIM Bangalore graduate, took a significant risk with his Co-Founder and CEO Ashish Goel when the two decided to start Urban Ladder. In 2012, no one in India was buying furniture online, but Rajiv reasoned that four years earlier, people would have baulked at buying mobile phones and clothes online too.
Publication: YourStory
Date: June 3, 2019
urban ladderEMI purchases on a high across online furniture portalsedit
Customers are increasingly opting for equated monthly instalment (EMI) options while shopping for furniture online, resulting in a 5-8% rise in EMI payments in the year ended 31 March from a year earlier, according to several top company executives. Online furniture brands such as Urban Ladder saw a 5-8% rise in EMI payments in the year ended 31 March from a year earlier.
Publication: Mint
Date: June 3, 2019
E-commercePepperfryurban ladderCompetition and Industry News
Walmart expects ease of doing business in India to get easieredit
Walmart India, the local unit of the world’s biggest retailer, said it is upbeat on the regulatory progress in India’s retail market and continuity in the government could accelerate ease of doing business further. “With the government getting the second mandate, our (ease of doing business) rankings will improve significantly further,” Krish Iyer, president, and chief executive of Walmart India, told ET. “I have no doubt in my mind that cash-and-carry businesses and even businesses as a whole, retail companies and foreign investors will find it easier to set up stores in India.”
Publication: ET Retail
Date: June 3, 2019
E-commerce