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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...

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...

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...

JioMart-WhatsApp to power small merchants' growth: Mukesh Ambani

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...

Consumer packaged goods companies need to reset channel strategies, says Kearney

The Indian consumer packaged goods companies (CPGs) will need to ‘review and reset’ their channel strategies and e-commerce which scored good growth during the lockdown will not be a game-changer, a report by Kearney, a leading global management consulting...

JioMart tie up to benefit kiranas hit by loss of market share

As kirana stores lose market share, a tie up with JioMart may be a potential solution and could be beneficial for the viability of kirana stores. According to a report by ICICI Securities, despite all the noise, kiranas likely lost...

Flipkart preparing to start hyperlocal delivery services

Walmart-owned Flipkart will soon launch a new hyperlocal delivery service that will enable customers to receive items from nearby stores, according to sources. Flipkart is looking to start testing the service in Bengaluru in the next few weeks, beginning...

Mars Wrigley launches ‘Snickers® Store’ on Swiggy

Mars Wrigley has launched a dedicated online brand store – ‘Snickers® Store,’ on the popular online delivery app Swiggy. The Snickers® Store will have well-loved brands such as Snickers®, Galaxy®, Mars®, Bounty®, M&M’S®, Doublemint® and Orbit® that consumers will be...

Reliance’s new grocery delivery service Jiomart is well-placed to make gains in India’s fast-growing online food market

Indian conglomerate Reliance Industries is launching a grocery delivery app under the banner Jiomart in 200 towns and cities across India Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Ultra-convenience...
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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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