Company News
IKEA or no IKEA, India’s Urban Ladder has been climbing steadilyedit
At 11 am on July 12, 2012, UrbanLadder.com went live. The furniture retail portal had a catalogue of just around 25 items, the brainchild of two people with no background in designing or selling beds and sofas. However, Ashish Goel and Rajiv Srivatsa—Indian Institute of Management Bangalore batchmates with earlier stints at McKinsey and Infosys, respectively—had spent the previous year traveling across India. Their goal: understand what consumers wanted and identify suppliers.Their hard work began paying off on day one. The first order on UrbanLadder.com came within an hour of the launch from an old friend of Goel, and the first non-friend, non-family order was booked about seven hours later.
Publication: Quartz India
Date: 22 July 2019
urban ladderCompetition and Industry News
What does the EU competition watchdog investigation on Amazon mean for its India operationsedit
The European Union recent investigation into Amazon’s business practices could be a trendsetter of sorts for other countries, especially India. It is highly relevant given the severe backlash the two e-commerce players, Amazon India and Walmart-owned Flipkart have faced, from the sellers over predatory pricing and unfair trade practices. “Opening of investigation by the EU amply endorses the complaints of CAIT which is being made against global e commerce players conducting business activities in Indian,” said Praveen Khandelwal, Confederation of All India Traders (CAIT). At a time when the industry is awaiting its e-commerce policy, the investigation assumes significance irrespective of the outcome.
Publication : Moneycontrol
Date : 22 July 2019
Amazon