Vyomo will work as an aggregator of salons & spas on its e-comm platform in a model similar to that of Uber that have taxis enrolled on their platforms.
The moves highlights the willingness of promoters to take bold steps at a time the profitability of large retail chains across the country continues remains under pressure.
The 34-year-old cricketer will put about Rs 50 crore – mostly his own money – over a period of three to five years in the fund, YouWeCan Ventures.
FabIndia says it is fully backing the retailer in light of the recent voyeurism incident in a Goa store and says the controversy was "highly politicised."
The Indian ice hockey team is scheduled to participate in the International Ice Hockey Federation (IIHF) Challenge Cup of Asia Division 1 in Kuwait later this month.
Easy Ship, a pick-up and delivery model that online retailer employs in India, will be tried in US, UK and China.
In 2013, Aditya Birla inherited 65 Pantaloons outlets and the Mumbai-based conglomerate has so far added 40 stores in the past two years.
WS Retail currently acts as a sort of clearing house for most of the goods sold on Flipkart, sourcing the bulk of the merchandise from vendors.
Industry executives say private label fashion and accessories offer margins as high as 55-65%, compared with 30-40% from selling other brands.
With the 3D technology, Myntra plans to reduce the time taken in sketching and prototyping to mere hours, which could help the company churn products faster.
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