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Grofers rolls back operations in nine cities

Hyperlocal grocery delivery app Grofers, has shut delivery operation in nine cities, where it started a pilot in September last year, as sales in these locations failed to garner traction. The cities where it has decide to stop services include...

SPICING IT UP

Utpal Kumar Ganguli, Chairman, Surji Agro Foods Pvt Ltd and Vice Chairman of Allied Blenders, makers of Officer’s Choice whisky, speaks to Indiaretailing about trends and challenges in the spices category and his plans to enhance Surji Agro's flagship...

Online grocer Town Essentials raises USD1m from HNIs

Bangalore-based online grocer, Town Essentials, has reportedly raised USD1 million (Rs. 6.7 crore) in a fresh round of angel funding from a group of HNIs. Investors in the round included Infosys’ first non-founder employee Sharad Hegde as the lead investor,...

Future Group to raise Rs 300 cr from Cargill PE firm

Future Consumer Enterprise Limited (FCEL), the food and consumer goods arm of Future Group, is to raise Rs 368 Crore from Black River Asset Management, the private equity arm of US food and agriculture giant Cargill. The funds will be...

Future Consumer looks at FMCG distribution via franchisees

Future Consumer Enterprise Ltd (FCEL) has said that a board meeting will be held later this week to consider re-alignment of the business dealing in distribution of food and FMCG products through a franchisee arrangement. "A meeting of the Board...

Godrej Agrovet picks up majority stake in Creamline Dairy

Godrej Agrovet Limited (GAVL), a subsidiary of Godrej Industries Ltd, has picked an additional 25% stake in south Indian dairy company, Creamline Dairy Products Ltd, for Rs 150 crore. GAVL is already an existing shareholder in the company with...

E-commerce, tier II – IV cities to accelerate FMCG growth: CII-BCG report

India's smaller towns and cities are expected to contribute more in shaping future demand for the fast moving consumer goods sector, while e-commerce companies will contribute increasingly larger share of sales for these companies, said a joint report by...

24x7Fresh ramps up operations, to enter four new cities

Online grocery firm 24x7Fresh.in is ramping up its operations as it plans to enter newer cities by January 2016. "24x7Fresh.in launching its services in Bengaluru. We also plan to launch operations in Hyderabad, Mumbai and Pune in January 2016," the...

More than skin deep: The beauty of packaging innovation

As many traditional marketers still continue to believe, getting seen is the first step in the journey to getting successful. Therefore, in comes packaging and the impact of first impressions. Unconventional, innovative packaging does not just make a product...

Nestle to launch new Maggi variants

A month after re-launching its popular noodles brand Maggi in India, Nestle says that the company is working aggressively on regaining its lost ground by launching other variants of the brand such as oats noodles and cup noodles in...

PepperTap completes Series B round with USD 40mn

On-demand hyperlocal grocery delivery service PepperTap has received an additional USD4 million from InnoVen Capital as part of a series B funding round which is now closed after raising a total of USD40 million. In September this year, the company...

Avani Davda steps down as Tata Starbucks CEO

After serving three years as CEO of Tata Starbucks, Avani Davda has reportedly decided to quit the company to pursue opportunities outside the organisation. Davda will be succeeded by Sumi Ghosh who has been appointed by the Tata Starbucks board...

SC stays NCDRC proceedings against Maggi, directs testing by Mysore lab

The Supreme Court of India has stayed the National Consumer Disputes Redressal Commission (NCDRC) from proceeding in a suit filed by the Central government against Nestlé India. The court reportedly said that the NCDRC would not proceed with the hearing...

Coca Cola meets CEA over 'sin tax'

Senior officials from Coca Cola have reportedly met with India's chief economic advisor (CEA) Arvind Subramanian, to convey their concerns over a recommended 40 per cent 'sin tax' on 'addictive' products such as pan masala, tobacco and aerated drinks...

Latest News

FinTech major Intellect targets $30-35 million business with its new solutions by 2027

The new solutions launched are in the area of corporate procurement and accounts payable and are aimed at mid...
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