retail business news
In Focus
Retail Tracker: Tier 2 cities lead with 64% of March store launches
About 48 of all the new stores opened in March 2024 were in non-metros
IndiaRetailing Insights: Retail store expansion in tier 2 cities and beyond accounted for around 64% of the new store launches in March, as per the data...
Spotlight
Social commerce set to scale, but concern of authenticity looms large: Industry
PTI -
The coming together of e-commerce and social media to create a new business channel, social commerce is increasingly gaining traction in the retail spaceNew Delhi: Social commerce is poised for dynamic growth, with some estimating a 10-fold rise by 2030,...
Latest News
Allcargo Group appoints Ketan Kulkarni as Chief Growth Officer
Kulkarni will report to Shashi Kiran Shetty, founder and chairman, Allcargo GroupNew Delhi: Logistics company Allcargo Group has appointed Ketan Kulkarni as the chief growth officer (CGO), a release by the company said on Wednesday."I am delighted to have Ketan...
Latest News
iThink Logistics onboards onto ONDC to strengthen outreach to SMEs, MSMEs
PTI -
iThink Logistics going live on the ONDC Network unfolds advantages for Small and Medium-sized Enterprises (SMEs)New Delhi: Logistics startup iThink Logistics on Tuesday announced it has onboarded onto ONDC (Open Network for Digital Commerce) to strengthen its outreach to...
E-Commerce
ONDC gets a shout-out in Shark Tank India Season 3
ONDC considers this as an opportunity that would educate startups on vast opportunitiesNew Delhi: During the third season of Shark Tank India, Anupam Mittal, chief executive officer, People Group and a Shark on the panel, cast a spotlight on the...
In Focus
Snitch registers over 150% growth in FY 24, records highest GMV in March
The company is also planning a foray into new categories of accessories, fragrances, and innerwearNew Delhi: Bengaluru-based fashion brand Snitch grew over 150% in the financial year (FY) 2023-2024 as compared to the previous year, its top executive said...
E-Commerce
Zomato gets tax demand order of Rs 23.26 cr
PTI -
The online food delivery platform said it would appeal against the order before the appropriate authorityNew Delhi: Zomato on Sunday said it has received a tax demand, interest, along with penalty, to the tune of Rs 23.26 crore from...
Latest News
Unicommerce launches AI tool UniGPT
This new product marks Unicommerce’s entry into the Artificial Intelligence space
New Delhi: Gurugram-based e-commerce enabler and software as a service (Saas) platform Unicommerce has launched UniGPT, a generative AI-based platform to address the concerns of e-commerce sellers and provide...
FMCG
Varun Beverages completes acquisition of South African bottler BevCo
PTI -
VBL has also issued a corporate guarantee amounting to South African Rand (ZAR) 1,500 million (around Rs 660 crore) to secure credit facilities extended to BevCo by the FirstRand Bank thereNew Delhi: Varun Beverages Ltd, PepsiCo's largest franchise bottler,...
Latest News
Logistics startup JustDeliveries raises $1 million
PTI -
Within the next 3-4 years, the company said that it plans to extend its presence to 8-10 cities across IndiaNew Delhi: JustDeliveries, a provider of logistics solutions for perishables, on Tuesday, said it has raised $1 million (about Rs...
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Latest News
Nykaa’s bridal campaign achieves over 3.6 million views
Nykaa partnered with Filtercopy to create two campaign films and in less than 24 hours, both films were trending...
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