Company News
Five crucial things Urban Ladder’s founder did in the year before launchedit
Does a degree from the prestigious Indian Institute of Technology (IIT) or Indian Institute of Management (IIM) set you up for startup success? Not always. Even in the world’s third-largest startup hub, 90% of such firms fail within the first five years. The country has produced less than 20 unicorns so far as compared with over 200 each in the US and China. Besides battling red tape, understanding and catering to India’s diverse consumers is a task.
Publication: Quartz
Date: December 17, 2019
Ashish Goelurban ladderCompetition and Industry News
E-commerce can become a driver of growth across South Asia and boost trade: World Bank reportedit
A new World Bank report, launched today in Delhi, notes that although e-commerce has grown significantly in South Asia, online sales accounted for a mere 1.6 and 0.7 percent of total retail sales in India and Bangladesh, compared to 15 percent in China and around 14 percent globally. Increasing the use of e-commerce by consumers and firms in South Asia could potentially help increase competition and firm productivity, and encourage diversification of production and exports, the report, Unleashing E-Commerce for South Asian Integration, says.
Publication : The Economic Times
Date : December 16, 2019
E-commerceOnline is 1.6% of retail sales in India: World Bankedit
Online sales in India accounted for 1.6% of total retail sales, with intra-regional trade in South Asia remaining low, the World Bank said on Monday. “While it has grown substantially in recent years, e-commerce in the region is still very small. Even in India, online sales as a percentage of total retail sales were only 1.6%, versus over 15% for China and around 14% globally,” said its report, ‘Unleashing E-commerce for South Asian Integration.’
Publication: The Economic Times
Date: December 17, 2019
E-commerceIndia should follow non-discriminatory competition policy in e-commerce: World Bankedit
Countries in South Asia including India should open their e-commerce markets to cross-border trade without imposing tariffs and follow a non-discriminatory competition policy, allow cross-border payments and harmonise their data privacy laws with international regulations, the World Bank said on Monday. In a report titled “Unleasing E-commerce for South Asia integration” and released in partnership with Cuts International, the multilateral lending agency said e-commerce in the region is still very small.
Publication: Mint
Date: December 16, 2019
E-commerceIndian Ecommerce Growth Held Back By Logistics Cost: World Bankedit
Despite the rapid growth of e-commerce in India, especially with the advent of hyperlocal and next-day delivery, there is still a lot of untapped potential in the market. According to a World Bank report, Indian e-commerce only makes up 1.6 % of the total retail sales in the country. The report also highlights that India will have the fastest growth in e-commerce retail with a compound annual growth rate (CAGR) of almost 18% between 2019–23.
Publication: Inc 42
Date: December 17, 2019
E-commerce