Amazon, two others get nod for FDI in food retail
While Amazon Retail has proposed investment of Rs 3,500 crore, Supermarket Grocery Supplies has planned Rs 105 crore.
Star Bazaar to soon have more space for groceries, apparel
For Tesco, the world’s third-largest retailer with 6,900 stores and £48.4 billion ...
Amazon starts Amazon Pantry to push sales of grocery and houselold essentials
The launch of Amazon Pantry comes at a time when the FMCG busin...
Reliance Industries wants digital arm to be a Rs 40,000 crore entity by 2020
The electronics retailing business achieved around Rs 11,200 crore sales last fiscal year, making it the largest contributor to revenue at Reliance Retail.
CAPF canteens in the red; petition government for GST relief
Stocks of groceries, daily kitchen goods and other miscellaneous items have dipped to an all-time low as there is no clarity for their operations after the implementation of GST.
AskMe Grocery goes gourmet to pep up sales
The company expects gourmet foods to account for about 10 per cent of its targetted Rs 1,800 crore GMV (worth of merchandise to be sold through its platform) this year.
Bajaj Finance, Future Group to provide easy EMI to customers on groceries
The minimum credit facility of Rs 3,000 will be available stretching up to a maximum of Rs 3 lakhs, and the tenure of loan would be three months to 2 years.
100% FDI to help online grocery startups in India raise funds
This will allow multi-brand retail giants such as Walmart to look at their food business here closely and perhaps even foray into B2C food retail.
GST can help households save nearly Rs 5,000 in a year
While price of daily-use food items like vegetable, fruits, milk, rice, flour, and pulses will remain unchanged under the GST, that of packaged chicken, edible oil and butter will rise a little.
Dunzo gets $45 million to fight Swiggy, Amazon
After the fund-raise, the company has been valued at $180-200 million. Google, which made its first direct investment in Dunzo in 2018, has also participated in this round.
Amazon in talks to buy Indian online grocer BigBasket
BigBasket, run by SuperMarket Grocery Supplies Pvt, is India’s largest online grocer and operates in about 25 cities across the country.
AskMe Grocery targets Rs 1,800 crore GMV by March
AskMe Grocery has a presence in 38 cities (as on February, 2016) and plans to expand to 45 more cities including some tier-II towns, in the next 3-6 months.
Our focus is on large enterprises: Neetish Sarda
In an interview Sarda, Smartworks founder discusses the co-working opportunity, current trends and future plans.
At Rs 2,800 cr, Amazon commits only a third of its 2018 funding
However, experts say with infra already in place, requirements for capital would have been less.
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