Take three: Flipkart’s $100+ million online grocery bet in India
In its third big shot at online food and grocery, Flipkart pieces together the legs of its strategy through two big investments in seven days — Shadowfax and Ninjacart.
Walmart opens 28th wholesale store at Kurnool in Andhra Pradesh
"As we continue to grow our network of cash and carry stores with a mission t...
Autos to tea stalls: UPI makes inroads
Given the low payment infrastructure cost, UPI is bridging the gap between organised retail and small ...
Next big wave of technology Unicorn listings could be in India
Mohandas Pai said that liquidity and valuations shouldn’t be concerns for companies seeking to list, as the market is “flush with money” and India investors have shown a willingness to pay up for growth stocks.
Bharti Realty talks to French chain Lafayette for 1st store
The company has also held discussions with Cupertino based tech giant Apple for what could be the iPhone maker’s second flagship store in the country to be located at Aerocity near IGI Airport, sources said.
No more menswear stores: This shopping centre is NYC sells genderless clothing
The ascent of Generation Z, Smith explained, is the moving force.
ET Awards 2019: Entrepreneur of the year awarded to Sriharsha Majety, CEO, Swiggy
Swiggy has grown from clocking around 700,000 orders a day till a year ago to doubling that number to 1.4 million daily orders today, becomi...
Café Delhi Heights to set up smaller format stores
The expansion will involve a mix of large and smaller format outlets, the latter to tap captive markets with relatively lower spending such as universities, he said. Railway stations and airports are the other potential channels the chain will tap, besides overseas where it may franchise operations.
Government considering e-commerce policy, no timeline fixed, says Goyal
Piyush Goyal said that a draft policy covering various areas of e-commerce has been prepared and put out in public domain for comments.
ET Awards 2019: Swiggy boss impressed with Bandhan Bank’s tale of disruption, calls it inspiring
Wipro's Rishad Premji thought that E Sreedharan’s story was the most-inspiring one.
Flipkart leads $60 million round in logistics startup Shadowfax
The companies did not disclose the transaction value, but sources briefed on the matter told ET that the investment valued Shadowfax at about $200-$250 million, and is also likely to see other new investors join in.
Walmart launches credit card for members of wholesale B2B Cash & Carry stores
The card was launched here at Best Price Store by Krish Iyer, President and CEO, Walmart India and Parag Rao, Country Head, Payments Business and Marketing, HDFC Bank.
Zomato, Swiggy, UberEats reduce discounts as food delivery market grows cold
Across the sector, monthly growth fell to 1-2% between Aug and Oct, hurt by a slowdown in consumer spending, cut in discounts and promotions.
Zomato denies merger talks with rival Swiggy
Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.
ET Awards: Want 30% pie beyond food delivery, says Swiggy
Swiggy & rival Zomato were burning $30-40 million monthly on discounts, the latter is looking ahead now.
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