Why Indian ecommerce industry is resilient amid slowdown blues (and other top stories of the day)
The year 2019 was a mixed bag for India’s ecommerce industry, beginning with new government regulations that aimed to streamline the sector. It also had to weather a slowdown, but the direction remained strong as ecommerce made inroads into the hinterlands of the country.
The new FDI rules introduced by the government for online marketplaces were almost a reversal of the earlier policy where they were not allowed to enter exclusive deals for selling of products.
More importantly, online marketplaces could not source more than 25 percent of their supplies from a single vendor. The policy also ushered in new steps to curb deep discounting.
Despite the lack of clarity on policies and the economic downturn, the Indian ecommerce industry revealed its robust spirit and came up trumps in a challenging year.
Read more about the ecommerce space’s evolution in 2019, here.
Kochi-based KRED is a neobank-as-a-service platform providing modern digital banking solutions to customers, and is enabling co-operatives to operate like modern digital banks. It is also the first Indian startup to have received investment from Barclays, having participated in the Barclays Accelerator held at Tel Aviv earlier this year.
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Shripati Acharya is the co-founder and managing partner at Priven Advisors, which is also an advisory to Prime Venture Partners. He says judgemental bias is the most-popular bias in the startup ecosystem, and hence urges investors to approach every opportunity and every entrepreneur without a pre-formed judgement.
From being among the top three jewellery manufacturers in the city to expanding to a 11,000 sq ft flagship store and overseas sales, here’s the success story of Kanpur-based Kashi Jewellers.
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