Retail is such a pervasive and dynamic a sector of the economy, that it is impossible to identify a single point at which modernisation began. I’ve met countless people who perhaps entered the retail sector during the last 15 years, and who mark the beginnings of modern retail around then. There is no doubt that there has been an explosion of investment in retail chains in the last 2 decades, but we need to acknowledge the foundation on which this development is built. The current titans of the sector are standing on the shoulders of previous giants who have created…
Written By Alnoor Peermohamed, ET Bureau BENGALURU: Top scooter rental companies — Vogo, Bounce and Drivezy — are increasingly adopting the assetlight business model pioneered by ride-hailing companies Uber and Ola. These firms have tapped a handful of companies to own the thousands of scooters that run on their platforms, unlike ride hailing where individuals own the cabs. The obvious advantage — assets, scooters in this case, go off-book, even as they still get a reliable supply of vehicles, something that has been a huge problem for Uber and Ola. Source: economictimes
Written By Deepti Chaudhary (Photo: Pradeep Gaur/Mint) BENGALURU : Bengaluru: Walmart’s Flipkart unit is set to introduce a free video streaming service to draw new users from small towns and cities in India and take on rival Amazon’s Prime Video service. Flipkart is eyeing the next 200 million consumers who are coming online. The company believes that most consumers are introduced to the internet through online videos. Hence, video content and entertainment could play a big role in getting consumers to come and buy online. “We believe that great content, if made available to a wider base of consumers, especially…
Written By Writankar Mukherjee, ET Bureau KOLKATA: The Tata Group has infused more than Rs 1,150 crore equity into the group’s consumer businesses across retail, ecommerce and white goods in the first quarter of this fiscal year, as per latest regulatory disclosures. These funding has been made in four entities: Tata UniStore (which owns Tata Cliq), Infiniti Retail (which runs the Croma chain of electronic stores), Voltbek Home Appliances (which is into durables) and Trent (lifestyle chain Westside and Star hypermarket). Source: economictimes
The investment has been made by Piramal in his personal capacity even as Snapdeal has strategically shifted from discount-driven strategy to focusing on value-conscious buyers living in areas beyond metros and tier-I cities. Written By Sandeep Soni In the last two years, Snapdeal has added over 60,00 new seller partners, who have added over 50 million new listings. E-commerce marketplace Snapdeal, which is now making a healthy comeback after 2017 slowdown and an acquisition fallout with Flipkart, has raised undisclosed investment from Piramal Group’s executive director Anand Piramal. The investment has been made by Piramal in his personal capacity even…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
