Amazon growing grocery biz, says India head
Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.
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Amazon Fresh ready to deliver groceries to Indian homes
Competition in online grocery store is heating up with Flipkart also eyeing this space.
BigBasket merges 2 core arms to speed up delivery
The move is expected to help it better compete with established ecommerce players Amazon and Flipkart and food delivery company Swiggy, which has recently forayed into the grocery segment.
Amazon awaits FDI approval to deliver groceries at doorstep
Besides groceries, Amazon India will continue to invest heavily in the fast-moving consumer goods (FMCG) business for a few more years, according to Director, FMCG category management, Saurabh Srivastava.
New FDI policy may begin a big food fight between American giants Amazon and Walmart
Both Amazon and Walmart can create new models if they sell food products in India. Amazon’s current model is marketplace, which hosts third-party sellers.
Online grocery stores set their clocks faster
The Indian retail market is expected to hit $725 billion (about Rs 43 lakh crore) by 2017, of which online grocery is expected to contribute about 2 per cent.
Uber CEO and Alphabet invest in urban farming startup
Bowery is part of a new crop of agriculture technology startups growing leafy greens in controlled environments near cities.
ITC tanks over 2%; FMCG firm to foray into frozen foods segment
The stock fell 2.45 per cent to hit a low of Rs 309.70 on BSE.
Targetting 10 million farmers in e-choupal network by 2022: ITC
The company has been working with farmers in villages since 2000 through e-Choupal -- an Internet based supply chain in rural areas which plays a key role in sourcing of various agri produce.
Amazon Q2 net profit down 77%; remains committed to India
Amazon's operating losses in its international business widened to USD 724 million (Rs 4,646 crore) in June 2017 quarter against a loss of USD 135 million in the year-ago period.
India increases Amazon's international losses five fold to $724 million in Q2
Amazon's global losses, fuelled by its aggressive India push, grew to $724 mn from $481 mn in Q1 and $135 mn in the second quarter of 2016.
Chasing Amazon, grocers stock up on startups
Grocery companies “are realizing that with Walmart and Amazon moving at their pace, you need to pick yours up too,” said Greg Spragg, a former chief merchant at Sam’s Club, the wholesale retailer owned by Walmart,
ITC to expand frontiers with foray into fruits, veggies
S Sivakumar told that ITC was looking to build its Master Chef franchisee with processed, frozen foods, while fresh produce will be sold under a separate brand name.
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