Aarefa Johri, Scroll.in Mumbai, 22 March 2016 Bakarwadi – the crispy, deep-fried, disc-shaped snack that has fans across India – is believed to have originated in Gujarat. But if you were under the impression that it is a typically Maharashtrian preparation, it is probably because of Raghunathrao Chitale, the founder and owner of Pune’s iconic Chitale Bandhu Mithaiwale food and dairy brand. Raghunathrao, popularly known as Bhausaheb Chitale, died in Pune on March 20 at the age of 95. Even though milk and dairy products was the Chitale brand’s original business, the headlines remembered Bhausaheb as the “creator” of bakarwadi.…
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Sagar Malviya & Chaitali Chakravarty, The Economic Times Mumbai/New Delhi, 21 March 2016 Chinese ecommerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year in a development that looks set to shake up the country's rapidly growing online retail market. Alibaba Group president Michael Evans and global managing director K Guru Gowrappan met Tata Group's Chairman Cyrus Mistry recently to discuss a partnership possibility. "It will take two quarters for Alibaba to finalise a joint venture partner. It may or may not go with the Tata Group…
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The New Indian Express Chennai, 17 March 2016 Purchase of cars, bikes, or gold jewellery can give immense pleasure, but is a labourious exercise. E-commerce companies are trying to change just that.A host of high-value products be it SUVs, cars, diamonds, gold coins, two-wheelers including electric bikes are all up for grabs online. If the likes of Flipkart, Snapdeal or Amazon saw rise in sales of electronics or clothes during their formative years, version 2.0 of Indian e-commerce market is banking big on money guzzlers i.e., luxury products.“There is more flexibility in terms of the product categories and certainly e-tailers…
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Richa Maheshwari, The Economic Times Bengaluru, 26 February 2016 Snapdeal and Amazon India lost market share in 2015, according to the research arm of Morgan Stanley, as online shopping options grew rapidly in India and established etailers cut back on discounts. But Flipkart managed to marginally increase its share and the Big Three, despite a fall in combined market share, accounted for more than 80% of the total market. A Morgan Stanley research report released earlier this month pegged Snapdeal's and Amazon India's market share in terms of gross merchandise value at 26% and 12%, respectively, in 2015. A similar…
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Athira A. Nair and Vishal Krishna, Your Story Bengaluru, 25 February 2016 Online retail constitutes just one percent of India’s total retail. Yet, out of the country’s nine startup Unicorns, three are major online commerce players: Flipkart (valued at $15.5 billion), Snapdeal ($6.5 billion), and ShopClues ($1.1 billion). Estimated to touch $38 billion in 2016, Indian e-commerce industry has grown impressively. However, hurdles for its potential growth are many – most of which related to government norms. The tug-of-war between the physical retailers and online marketplaces mainly surrounds foreign direct investment (FDI). While the Centre in November 2015 permitted singe-brand…
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