JioMart
Retail
Amazon infuses Rs 1,125 crore into India unit ahead of festive sales
US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 1,125 crore into one of its India units, Amazon Seller Services, according to regulatory documents.
According to a PTI report: The fresh infusion will provide more ammunition...
Retail
Stake sale, Future's asset acquisition to boost RIL retail: Fitch
IANS -
Reliance Industries' plan to sell a stake in its retail subsidiary at an equity valuation of Rs 4.21 trillion and its proposed acquisition of Future Group's retail business will solidify the company's position in India's organised retail market and...
Retail
Battle of mergers and consolidations intensify in India’s retail market
The Indian retail market is expected grow and reach US$ 1.4 trillion by 2023 at a compound annual growth rate (CAGR) of 10.7 percent between 2020-2023. Following the acquisition of Flipkart by Walmart in 2018, the fast-growing and lucrative...
Food
Milkbasket plans to launch IPO next year
Daily grocery delivery platform Milkbasket has advanced its plan to launch an initial public offering by the second half of next year, buoyed by strong growth in business in recent months amid the pandemic, a top company executive said.
Speaking...
Retail
Reliance Group set to emerge as the leader in the Indian retail landscape, says GlobalData
Reliance Industries Limited (RIL) is grabbing every single opportunity, be it collaborating with technology companies, acquiring leading retailers or adding physical stores or its entry into the online retail space for gaining access to advanced technologies, to gain a...
Food
Lockdown gave boost to sustainable biz, pushed closer towards profits: Grofers
Softbank-backed Grofers on Tuesday said the lockdown period has given its business a boost towards sustainability and helped it move closer to hitting profits by the end of next year.
According to a PTI report: The online grocery platform, which...
Food
Flipkart starts hyperlocal service 'Flipkart Quick', to expand to 6 cities by year-end
Walmart-owned Flipkart on Tuesday announced the launch of its hyperlocal delivery service 'Flipkart Quick' that will enable customers to receive grocery, fresh vegetables, meat and mobile phones in 90 minutes.
“The service will be available in select locations in Bengaluru...
Retail
India e-commerce to grow 27 pc, Reliance to capture half of online grocery sales: Goldman
India's e-commerce business is expected to grow at a compound annual growth rate (CAGR) of 27 percent to reach US$99 billion by 2024, Goldman Sachs said projecting that Reliance Industries would capture half of the online grocery sales through...
Food
JioMart launches mobile app
Reliance-owned online grocery delivery service JioMart has launched its app for both Android and iOS users.
In addition to the app launch, JioMart is now providing free delivery on all orders. Earlier, only orders worth Rs 750 and above were...
Food
JioMart-WhatsApp to power small merchants' growth: Mukesh Ambani
IANS -
Reliance Jio's new commerce platform JioMart and Whatsapp will be working closely to create growth opportunities for millions of Indian small merchants and kirana shops, Reliance Industries (RIL) Chairman Mukesh Ambani said on Wednesday.
Facebook-owned instant messaging platform WhatsApp, which...
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LoveChild by Masaba joins forces with Shoppers Stop Beauty
LoveChild launched latest its shop-in-shop at Shoppers Stop, R City Mall, GhatkoparBengaluru: Beauty brand LoveChild by Indian fashion designer...
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