September quarter sees revival in rural grocery demand
Data for September just showed a sharp recovery, even as economy is likely to have slipped further.
More preferring online grocery shops: BigBasket
BigBasket said it’s using its partnership with Chinese e-commerce giant- Alibaba to improve d...
Innoviti brings on board former Croma executive as chief business officer
Taware’s appointment reaffirms the company’s goal of building a world-class payments company by bringing senior talent from user industries to strengthen its expanding eco-system of payments-linked value-added services for retail merchants.
BigBasket announces 'big 47 sale' from tomorrow
The offers are live in the 26 Indian cities BigBasket is operational in, the company said in a statement.
Uber scrambles into groceries with new acquisition. Why?
Uber’s pitch is that having drivers drop people at work or transport them on date nights gives it an opportunity to also deliver burritos, bananas or movie theater popcorn to people’s homes.
Amazon, Flipkart will take at least a year to build supply chain capabilities: BigBasket's Hari Menon
“This is very good for the sector and how modern trade grew and opened up a new way to shop,” Menon said, adding that as grocery extends beyond the high socioeconomic classes towards the midsection, the market will expand.
ET Explains: The CPI-WPI gap, and how CPI movements impact your grocery bill
There have been frequent claims that the CPI does not precisely reflect what consumers across India actually pay. And there is enough ground behind these claims. Here are a few case studies from across metro cities.
Startup investors writing more $100 million cheques this year
With the rush of capital and new types of investors coming in, venture capitalists said the time taken for startups to grow their business and rack up $100 million in funding has also shrunk over the past few years.
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.
Amazon Fresh ready to deliver groceries to Indian homes
Competition in online grocery store is heating up with Flipkart also eyeing this space.
Grofers hires 5000 employees to cater to increasing demand
They will mostly be engaged in 15 new warehouses and help increasing its delivery staff strength.
Leverage Tata network to expand Walmart’s reach to kiranas; allow Flipkart its grocery play
The executives said Walmart wants to have an Indian partner who is “respected” and “has a voice in policymaking”.
Vir Sanghvi invests in product review startup Mishry
Mishry is a verdict-driven platform that recommends best buying options for categories like groceries, snacks, dairy products and kitchen appliances like blenders, microwaves, refrigerators, air fryers, etc.
MDR boost for merchants using UPI
This move is expected to encourage small grocery stores, chemists and kirana stores across the country to set up basic acceptance infrastructure such as QR code to receive payments made through UPI.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service