September 16, 2019

Competition and Industry News

India’s unicorns find exit doors blockededit

WeWork, a fast-growing startup that has smartly dressed up the business of subleasing office space, is expected to list its shares in the following months. Earlier this month, various publications reported that WeWork may seek less than half of the $47-billion valuation it fetched in January in a private fundraising round. On Friday, Reuters reported that WeWork may consider a valuation as low as $10 billion, nearly a fifth of its present worth. Doubts are increasing whether the initial public offering (IPO) will happen on schedule.

Publication : Livemint

Date : September 15, 2019

Unicorns
Looking for a statement couch for your new home? We have the perfect optionsedit

Whether your home aesthetic is mid-century modern, rustic or just plain cosy, a loveseat makes for a great option. It can be paired with statement chairs to give your home a more urban and youthful feel, or included as part of a more traditional couch set. A loveseat in a bold colour or pattern can work as a statement piece for your space and you would need to accessorise it less, allowing your space to stay minimal yet interesting. Get your hands on this grey loveseat from Urban Ladder, priced at Rs 34,699.

Publication : Vogue

Date : September 13, 2019

urban ladder
It’s A Boom Time For Indian Startups. Here’s Why?edit

With an expanding economy opening different avenues and technology revolutionizing the way people conduct businesses, there has also taken place greater democratization of entrepreneurial space. Putting a new business idea into action is no longer the preserve of a select few business families. Be it Flipkart, Snapdeal, Zomato, Paytm, Ola or OYO rooms, the common underlining factor behind them is that they have been started by the first generation of businessmen in their families. With the early startups having proved their mettle, the fading away of the initial scepticism and the maturing of the investor landscape.

Publication : Inc.42

Date : September 15, 2019

Start-ups
Traders lament predatory pricing of e-commerce platformsedit

Trader Amar Parwani, head of the Chhattisgarh chapter of Confederation of All India Traders (CAIT), is concerned about the growing popularity of e-commerce platforms such as Amazon and Flipkart as they have regular deep discounting sales. He alleged that the e-commerce portals are trying to capture the markets by becoming popular among consumers by offering them deep discounts. He said the deep discounts being offered by the e-commerce players are also spoiling their goodwill among customers. The CAIT has alleged that e-commerce marketplaces such as Flipkart and Amazon have been continuously violating FDI norms applicable to e-commerce platforms by indulging in below-cost, predatory pricing while operating on loss.

Publication : The Week

Date : September 14, 2019

CAITE-commercePricing
Amazon strengthens play in furniture segment ahead of Diwali saleedit

Amazon India has expanded its range in the furniture category to over 160,000 products, especially from small and medium businesses, ahead of the festive season. Amazon, which has pumped in billions of dollars into its Indian operations over the last few years, said it has seen its furniture business in the country grow by over 120 per cent over the last year. “Customers typically look to upgrade their homes in the festive season. We have added more than 60,000 products this year to offer the largest selection of furniture,” Amazon India Director Large Appliances and Furniture Suchit Subhas told PTI.

Publication : Business Standard

Date : September 15, 2019

Amazonfurniture
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