Competition and Industry News
Angel tax fears make startups wary of M&Asedit
Startups hoping for relief from angel tax on capital investment see their merger and acquisition (M&A) plans going for a toss after the latest conditions for immunity, laid out once startups get registered with the Department of Industrial Policy and Promotion (DIPP).One condition, however, is that startups must not invest in any shares or securities, hampering M&As, industry trackers said.
Publication: Economic Times
Date: August 3, 2019
The 2020 Ikea catalogue is outedit
The 2020 Ikea catalog has landed in the States and we’ve had a sneak peek at what’s (hopefully) in store for us later this year. You can check out the digital catalog now (just keep in mind that prices are in American dollars) – but in the meantime, we’ve picked out the top 7 products on our wishlist. Think beyond the kids’ room – this playful lamp will add a touch of personality to any space. It can be changed to seven different colours, depending on your mood. Too much fun! Looking for a way to add warmth or introduce a natural element to your dining room?
Publication: Better Homes
Date: August 3, 2019
IKEAConsumer Protection Bill Places Buyers’ Rights At The Forefrontedit
The government has proposed the Consumer Protection Bill, 2019, which it said, will facilitate appropriate and swift intervention to protect consumers’ interests. The Bill, which was passed in the Lok Sabha earlier this week, will replace the existing consumer protection law, passed in 1986. India has multiple laws that enable consumers to act against and seek relief, from faulty products or services. Aggrieved consumers can initiate action under the Indian Contract Act. The Bill centralizes remedies and protection available to consumers.
Publication: Bloomberg Quint
Date: August 3, 2019
How to Overcome 5 Common E-Commerce Roadblocksedit
The road to e-commerce business success is hardly a straight and narrow one. Every step in a business lifecycle — from launch and growth to scale and maturity — is fraught with peaks, valleys, bumps, hazards and roadblocks. Your plan and reality are usually very different! Following are the top five roadblocks when transitioning from startup to growth:Competition, Insufficient Time, Hiring the Right Staff,Operational Issues, Sales Execution.Rarely do these issues exist in a vacuum. Many e-commerce small and mid-sized businesses will face any number of these and other roadblocks at any given time and need to be prepared to do so.
Publication: E Commerce Times
Date: August 3, 2019