Competition and Industry News
Despite startup funding boom, first cracks of slowdown appearedit
The economic slowdown in India and global macroeconomic uncertainty seem to have prompted venture capital (VC) investors to take a cautious approach after pumping in record amounts of capital so far this year, investors, entrepreneurs and lawyers said. While capital is still flowing into startups, the number of such companies getting funded is little changed, if not falling, indicating investors have become more guarded in their approach. For the few deals that are being closed, venture investors are now taking longer to scrutinize investments, a partner at a venture capital fund said, requesting anonymity.
Publication : Livemint
Date : October 20, 2019
FundingIt’s time for startups to shift focus to internal validationedit
Beneath the surface of our daily life, in the personal history of many of us, there runs a continuous controversy between an ego that affirms and an ego that denies. On the course of this controversy depends the attainment of inner harmony and consistent conduct in private and public affairs. These words of Beatrice Webb perhaps best explain the conflict between the outer world and one’s inner world, now being seen almost on a daily basis in the fast-paced world of startups.
Publication : Livemint
Date : October 20, 2019
Internal validationCCI to give e-commerce firms advisory on discounts as trader protests growedit
The Competition Commission of India (CCI) is planning a policy advisory for the e-commerce industry to address the all-round concern over deep discounting and predatory pricing across online platforms, a top official has said. Confirming that the CCI would issue a ‘“soft policy advisory’’, Chairperson Ashok Gupta told Business Standard, “nobody can deny that online is here to stay…Many sellers have benefitted from the platform and there are efficiency factors as well.’’ However, Gupta added that e-commerce firms should not distort the market.
Publication : Business Standard
Date : October 19, 2019
CCIDeep discountingpolicyDelayed data protection law, hanging e-commerce rules: India’s policy logjamedit
The draft data protection bill, set to be discussed in a matter of months, is giving Big Tech sleepless nights because of its data localisation proposals Meanwhile, in e-commerce, usual worries about FDI and inventory control have been usurped by a larger threat—mandated sharing of anonymised and aggregated data In 5G, telcos and equipment makers have gotten a raw deal as the Department of Space refuses to budge on its spectrum demands And NBFC Account Aggregators finally have hope as payments maven Nandan Nilekani looks to pull a repeat of his UPI evangelisation,
Publication : The Ken
Date : October 18, 2019
Draft E-commerce policy6-seat dining table: Luxurious styles to elevate your dining experienceedit
6-seat dining table is ideal for a joint family and anyone who hosts and entertains guests on the regular. A large dining table does not necessarily have to be a clunky table that is obstructive and boring to look at. Based on the style of your home, a dining space can be something to marvel at and even act as a luxury space in itself. All you need to set up a beautiful set of a table and complementing chairs along with a few cabinets that display crockery and other essentials.
Publication : The Times of India
Date : October 18, 2019
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