Company News
Furniture brand Urban Ladder makes its debut in Puneedit
India’s largest furniture brand Urban Ladder has launched its first store in Pune, Maharashtra. The home decor and design brand has a nation-wide online presence, having successfully opened 11 stores in New Delhi and Bengaluru. The newly launched store will be allowing customers to engage extensively with the brand by experiencing the ”touch-and-feel” aspect of omni-channel retail. Urban Ladder is targeting to expand into several key cities across the length and breadth of the nation. Ashish Goel, CEO and Co-Founder, Urban Ladder, said, “We are very excited to launch our store in Pune.
Publication : Indian Retailer
Date : September 28, 2019
Pune2 movies, 2 meals, 10 hrs of sleep: How some CEOs have flown their longest flightsedit
It’s World Tourism Day and if the urge to jump on a plane and discover a new place strikes you, we recommend avoiding these routes. Starting from 16 hours to 22 hours, these plane rides are not for the faint of heart.However if you’re one of the few who find that an airline is the best place to network. “I am a chatty traveller. This is something I enjoy the most on a flight,”said Urban Ladder CEO Ashish Goel who travels at least 2 or 3 times a month. His longest flight to date: Delhi to New York
Publication : ET Panache
Date : September 27, 2019
Ashish GoelCompetition and Industry News
Post WeWork, IPO market slams brakes on unprofitable companiesedit
Companies making their debut on the U.S. stock market are getting a rough welcome, especially if they are losing money, casting a shadow over the calendar for initial public offerings for the rest of the year. The surprise postponement of the WeWork IPO has underscored how confidence is eroding in the market both for companies looking to raise capital and investors.A more discerning market for initial public offerings continued to punish Peloton Interactive Inc PTON.O on Friday, a day after it began trading.
Publication : Business Standard
Date : September 28, 2019
IPO marketThese are the jobs shifts in the ecommerce sectoredit
The Indian E-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second-largest e-commerce market in the world by 2034. The E-commerce market is expected to reach US$ 200 billion by 2026 from US$ 38.5 billion in 2017. This growth is primarily attributed to rising income, the surge in internet penetration, and a rise in smartphone sales. Although on the global e-commerce readiness index, India is at 10%, and ranks behind countries such as Brazil (20%), China (30%) and Russia, with appropriate demand drivers in place
Publication : People Matters
Date : September 27, 2019
Employment trendsPepperFry may go for two more funding rounds before IPO, says CEOedit
Ahead of its proposed initial public offering (IPO) in FY21, Pepperfry, India’s largest online furniture brand, may look at two more rounds of funding.This includes $20-30 million in equity financing in the next six months, said co-founder and CEO Ambreesh Murty. The Mumbai-headquartered firm, which reported FY18 sales of Rs 308 crore, is working towards profitability and hopes to achieve the milestone sometime in the next financial year.“We have established a fairly clear leadership for ourselves in the segment and now is the time for us to start bringing in margin structures more in line with a business that is turning profitable,” Murty told Business Standard.
Publication : Business Standard
Date : September 29, 2019
PepperfryTrimming The Vexatious Angel Tax: Where It Puts India On Growth Mapedit
At long last, the voice of the startup ecosystem was heard by the Finance Minister on 23rd August 2019, when she announced that Angel Tax would not be applicable for startups registered with the DPIIT (Department for Promotion of Industry and Internal Trade). India has a flourishing startup ecosystem and out of the estimated 50,000 startups, 21,651 are currently registered with DPIIT. The process of registering with DPIIT is online and seamless. With the government already taking measures against angel tax abolishment, this piece looks at the impact of this announcement and suggests further measures towards ease of business.
Publication : Inc.42
Date : September 29, 2019
Angel taxCracker of a start: Flipkart, Amazon’s opening day festive sales surpass estimatesedit
India’s two largest ecommerce companies, Flipkart and Amazon, said that opening day festive sales have surpassed estimates, primarily boosted by new product launches, steep discounts, and loans and bank offers luring customers from smaller towns and cities to buy online. Data shared by both marketplaces indicate that most of these shoppers used financial affordability constructs like EMI or product exchange offers to make purchases, especially on electronics.According to Flipkart, customers opting for affordability options spent 2.5 times more than other customers.
Publication : The Economic Times
Date : September 30, 2019
E-commerce salesEconomic slowdown