Written By ET Bureau BENGALURU | MUMBAI: Walmart-owned Flipkart is entering food retail in India, where consumers spend about $500 billion on groceries annually. Newly registered Flipkart FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally. Sales will initially be online, although the company can also sell through physical stores. “In line with the government of India’s FDI (foreign direct investment) policy, Source: economictimes
Indian tea brands want a piece of this steaming hot business. Written By Devika Singh The company now plans to expand to the North Indian cities of Gurugram, Chandigarh, Amritsar and Lucknow, among others. Homegrown tea makers are foraying into quick-service restaurants (QSRs) to tap into the ‘eating out’ culture in India and grow the business. But competition is aplenty — global brands have a formidable presence in India’s QSR scene, even as start-up brands such as Chai Point and Chaayos are gaining traction. According to a report by CARE Ratings, the total market size of QSRs in India is…
Written By Deepti Chaudhary More than 400 million Indians had access to cashback and EMI offers on Amazon.in. (Photo: iStock) Bengaluru: The ongoing festive season sales have turned to be the latest battleground for India’s top two online retailers to achieve supremacy of this fast-expanding market. Walmart-backed Flipkart and Amazon India have both claimed record sales on the first day of sales on the back of strong demand from cities beyond the major metros. Flipkart’s The Big Billion Days (TBBD) started on Saturday night (8pm), while Amazon India’s Great Indian Festival sales began on Saturday noon for Prime subscribers and…
Realising that sourcing within India helps cut costs, Uniqlo established an office in Bengaluru in 2016 to identify and work with partner factories in India. The company currently procures cotton fibre from India, as a result. Written By Venkata Susmita Biswas The Indian retail landscape is abuzz with East Asian retailers. The likes of China-headquartered retailer Miniso, Korean lifestyle brand Ximiso, and Japanese retailer of household and consumer goods, Muji — all known to be low-cost retailers — have set foot in India to grow their businesses. Besides, Japanese apparel retailer Uniqlo, known to make functional clothing, is set to…
Experts say the vernacular market in the country presents a massive opportunity for e-commerce players. As per a recently released report by RedSeer Consulting, there are 530 million internet users in India, of which 260 million users are ‘monetisable’. Written By Devika Singh E-commerce major Flipkart recently launched its Hindi interface, allowing for its products across platforms (website and app) to be browsed in the language. Amazon, too, now offers Hindi browsing options on its website and iOS app; last year, the global e-commerce behemoth had introduced Hindi on its mobile site and Android app. These efforts are an attempt…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
