Furniture and home products marketplace Pepperfry is upbeat about strengthening its presence in the South. The company on Thursday launched its first experiential centre — Studio Pepperfry — in Coimbatore, making it the 67th studio in the country. It plans to expand the network to 100 experiential centres by June next. In Coimbatore, Pepperfry has partnered with SSVR Enterprises for launch of the studio at Peelamedu.

Publications: The Hindu BusinessLine, Deccan Chronicle

Date: November 22, 2019

SPACE10, an independent research and design lab backed by global home furnishing company Ikea, is launching in Delhi on Friday. Headquartered in Copenhagen, the lab has had popped up in New York, London, Nairobi, Shanghai and Singapore, but this is the first time they have set up office in another country. “We want to be where the future is. India has a young, educated and tech-savvy population, and is one of the most diverse countries on the planet, with the fastest-growing economy,” says Kaave Pour, managing director, SPACE10.

Publication: Forbes

Date: November 22, 2019

E-commerce is a fast-growing industry. In 2017, global retail e-commerce sales reached US$2.3 trillion, and e-retail revenue is expected to grow to US$4.88 trillion in 2021. The world’s continuous digitalization and informationization gives e-commerce a lot of room for development. AI technologies are boosting e-commerce sales, enhancing the service experience for users and expanding production scale to create industrial value and new business opportunities.

Publication: Synced

Date: November 23, 2019

In the next two-three years, it is expected that a spate of IPOs will hit the markets as many high profile Indian startups would opt for IPO listing. This may include unicorn startups like Ola, Oyo, Freshworks, Delhivery and Druva. Even non-unicorn startups like Pepperfry and Smaaash are expected to try their luck in India’s capital market. However, the valuation bubbles backed by unhealthy balance sheets may force most unicorn Indian startups to delay their listing plan.

Publication: Money Control

Date: November 24, 2019

In one of the most important developments this week, the department for the promotion of industry and internal trade (DPIIT) has proposed to reduce the compliance time for Indian startups in its drafted Startup India Vision 2024 document. Startup India claims threefold growth in registrations of startups. In the next five years, SEBI will be spending INR 500 Cr in IT infrastructure and technological innovation.

Publication: Inc 42

Date: November 23, 2019