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Draft e-comm policy calls for 'equal treatment' of sellers by marketplaces


Online retailers must refrain from adopting algorithms that result in prioritizing a select few vendors on their platforms, according to a draft e-commerce policy prepared by the department for promotion of industry and internal trade (DPIIT).
To promote fair competition, e-commerce operators will have to ensure equal treatment of all sellers and vendors on their platform. Besides, they will have to put out transparent policies on discounts, while spelling out the basis of discount rates funded by platforms for different products and suppliers.
In the interest of the Indian consumer, and the local startup ecosystem, the government will aim to ensure that there are more service providers available, and that network effects do not lead to creation of digital monopolies misusing their dominant market position, the draft policy said. Business Standard has seen a copy of the draft. ....

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US grocery firm Instacart mulls direct listing in snub to IPOs: Report


U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional initial public offering (IPO), according to people familiar with the matter.
The move would make Instacart the latest company to snub an IPO, for decades the primary path to a stock market debut, because it risks pricing its offering too low compared to where its shares end up trading. In a direct listing, companies go public without raising money through a stock sale.
Shares of newly listed U.S. companies that went public through an IPO ended trading up 36.2% on average on their first day last year, compared to 17.2% in 2019, according to data firm Dealogic. ....

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