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Optimistic about future; revival signs by strong rural demand, in-home consumption: PepsiCo India

Food and beverages major PepsiCo is cautiously optimistic about the future and feels that the worst due to the coronavirus pandemic is behind, buoyed by revival signs led by strong rural demand and in-home consumption in urban markets, according...

Grofers to invest US$ 15 million in 'own brands' over the next year

Grofers, one of India’s largest low price online supermarkets in the grocery space, uses its in-house technology platform to manage a network of over 5,000 partner stores that enable the company to run a fast and lean supply chain...

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...

Brands bet on digital strategies to boost online sales in festive season

Several companies across sectors are expecting the online shopping momentum to continue in the wake of the COVID-19 pandemic and have started focusing on digital strategies for the upcoming festive season, officials said on Friday. According to a PTI report:...

Grofers starts grocery sales with Rs 50 cr support to local partners

Softbank-backed online grocery seller Grofers on Saturday announced a nine-day sales scheme and Rs 50 crore working capital and advance payments support for partners manufacturing products locally. The company aims to sell 9 crore items produced by its partners including...

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...

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...

Grofers advances IPO listing target to 2021-end

Softbank-backed Grofers has advanced its plan to launch an initial public offer by the end of next year after its profitability path zoomed during the lockdown period, a top official of the company said. Albinder Dhindsa, Co-founder and CEO, Grofers...

PepsiCo India has grown exponentially to emerge as one of the largest F&B companies in India

In an interview with IANS, Vishal Kaul, Vice President & Business Head, Beverages, PepsiCo India, and Dilen Gandhi, Senior Director and Category Head of Foods, PepsiCo India, said that within 30 years of its establishment in India, PepsiCo India...

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...
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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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