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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...

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...

Victoria Beckham's fashion biz raises £30m private equity investment

Victoria Beckham’s fashion business has received a cash injection of £30m from an investment firm spearheaded by the man behind the rise of French bakery Paul in the UK. The injection by Neo Investment Partners, which is led by David...

Pepperfry raises Rs 210 crore in new round of funding

Pepperfry.com, India’s largest furniture and home marketplace, has raised Rs 210 crore in a fresh round of funding from current investors Goldman Sachs, Bertelsmann India Investments (BII), Norwest Venture Partners (NVP) and Zodius Technology Fund. This is the largest investment...

We are not looking to exit India, says Foodpanda CEO

Mobile and online food ordering marketplace Foodpanda on Tuesday refuted reports in a leading daily, which stated that the company may be up for sale. According to a report in The Economic Times: "The company (Foodpanda) recently mandated Mumbai-based mid-market investment bank...

Changing Retail Trends: Where will India be in 2030?

Internet is penetrating all parts of India, with about three Indians being connected to the online world every second. If the same trend continues then an estimate says that about 1 billion Indians will go online by 2030, a huge...

Saif Iqbal, GM and Head – E-commerce and Online, LG Electronics

Saif Iqbal GM and Head – E-commerce and Online LG Electronics LG Electronics India has hired Saif Iqbal to shape its e-commerce strategy by December. India's largest white goods maker plans to launch televisions, white goods and smartphones exclusively for online sales...

Pepperfry on a profit spree with single category retailers

Pepperfry, the Mumbai based online furniture and home decor store has joined hands with single category e-tailers to increase their profit by end of this year. "Discounts matter a lot when you are selling standardised products (like electronics), it is...

Ratan Tata invests undisclosed amount in CashKaro.com

Cashback and coupons site CashKaro.com has raised an undisclosed amount from Ratan Tata, the Chairman Emeritus of Tata Sons. Tata has made the investment in his personal capacity, his third investment in 2016. The funding comes just two months after...

Motilal Oswal set to offload stake in Mrs Bector's to Singapore PE fund

Motilal Oswal Private Equity is reported to be close to selling its stake in Mrs Bector’s Foods Specialties Ltd to Singapore-based PE fund CX Partners for an estimated Rs 300-350 crore. The company had acquired 20 per cent stake in...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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