Company News
Urban Ladder secures Rs 15 cr funding from SAIF Partners, Sequoia Capital & Steadview Capitaledit
Troubled online furniture retailer Urban Ladder has raised about Rs15 crore in funding, led by existing investors SAIF Partners, Sequoia Capital and Steadview Capital, regulatory filings show. Last month, the company said Rajiv Srivatsa was leaving, 8 years after cofounding Urban Ladder along with Ashish Goel. At the same time, Vani Kola, managing partner at Kalaari Capital, also stepped down from the board. The Bengaluru-based startup has found it tough to raise fresh capital amid layoffs and restructuring.
Publication : ET Retail
Date : November 05, 2019
FundingCompetition and Industry News
Guidelines on e-commerce consumer protection to negatively impact ease of doing business: IAMAIedit
The model framework for the guidelines on e-commerce consumer protection will cause unnecessary compliance burden on e-commerce entities, and hence will negatively impact the ease of doing business in India, according to The Internet and Mobile Association of India ( IAMAI). The definition of e-commerce entity appears to be extending the scope of “e-commerce” beyond online marketplaces for goods and services by including ‘digital content providers’, which are otherwise not construed as being engaged in e-commerce, IMAI said.
Publication : The Hindu Business Line
Date : November 05, 2019
Consumer Protection