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TechWay Pod: Micro-Fulfillment Centres, Next Big Innovation For Indian Retail

Businesses have leveraged technology to boost revenue, enhance customer experience and survive in the tough times. But how has it impacted supply chain, warehouse management? Welcome to TechWay Pod, where we decode the trends, opportunities and innovations of the retail-tech...

Prep, Prime and Plenish For Prime Day India

After demonetization, Covid-19 has probably been one of the worst scenarios for the retail sector in India. The entire nation went into lockdown and the industry noticed some big changes around the entire globe. From remote working to shopping,...

InstaCart partners with Fabric to automate fulfilment

Instacart has recently signed a deal with automation specialist Fabric in order to offer micro-fulfillment solutions to the citizens of US and Canada. The news of this partnership was revealed on their official Twitter handle. https://twitter.com/Instacart/status/1418285600390582273 Under this deal, the Fabric...

Tech Gurus: Arvind Fashions Limited’s Satish Panchapakesan on pandemic effect, leveraging technology to evolve in 2021

The retail industry has undergone a sea change in India with the onset of digital thanks to technology, digital literacy and internet penetration. While digital business models started as an additional revenue channel, the pandemic has pushed the retailers...

India FY22 economic growth at 10%: Report

The Asian Development Bank (ADB) has downgraded India's economic growth forecast for the current financial year to 10 per cent from 11 per cent projected earlier this year.   India's GDP growth recovered to 1.6 per cent in the last quarter...

Amazon focuses on North East, launches ‘Spotlight North East’ storefront

Amazon India has recently announced the launch of its 'Spotlight North East' storefront on its marketplace. The store front will enhance visibility of unique local products and hidden gems from the region and showcase them to millions of Amazon...

Warehousing leases to touch 100 mn sq ft by 2023

After witnessing a historic peak of 32 million sq ft in 2019, India is expected to reach 100 million sq ft in over three years, as per a report by property consultant CBRE South Asia report.“Over the past decade,...

Zomato CEO Deepinder Goyal joins Magicpin as an independent director

Zomato Co-Founder and CEO Deepinder Goyal has joined Gurugram-based fintech app Magicpin as an independent director. Founded by Anshoo Sharma and Brij Bhushan, Magicpin connects hyperlocal merchants and brands with customers. It is backed by Lightspeed Venture Partners, Waterbridge, and...

Lenskart raises $220 million funding led by Temasek & Falcon Edge Capital

Lenskart, India’s most populat D2C eyewear brand and a unicorn startup, has raised $220 million led by Temasek, the sovereign wealth fund of Singapore, and Falcon Edge Capital.This funding round takes the total capital raised by Lenskart to $315...

Myntra adds 2000 new home and living styles with the launch of ‘Home Centre’ on its platform

Myntra announces the launch of ‘Home Centre’, a well-known brand in the organized retail of home and living products, across furniture, furnishings, décor, kitchen and other household essentials, on its platform. Home Centre is part of the Landmark Group...

Zomato’s USD 1.2bn offering oversubscribed by 105% on Day 1

Food delivery firm Zomato saw a strong investor response on the first day of the launch of its Initial Public Offering (IPO). The issue had attracted bids for 77.6 crore shares, which is 105 per cent of the issue...

Hiring activity in retail on a recovery path after COVID-19 second wave

Hiring activity by Indian organisations is bouncing back after the disruption caused by the second COVID wave in April, according to the latest Naukri JobSpeak report. The country’s premier index on India’s hiring trends grew by 15% in June’21...

Indian shoppers overwhelmingly vote for convenience of digital wallets: Report

The acceleration of all things digital has made Indians turn to digital and contactless payments, digital wallets, digital gift cards, and QR codes as the pandemic reshaped consumer behaviour, a new survey from global payments provider, Blackhawk Network found. The...

D-Mart posts 31% jump in Q1 revenue to Rs 5,032 cr

Avenue Supermarts Ltd, which owns and operates the D-Mart retail chain has announced its Q1 FY22 results, reporting that its standalone revenue from operations rose 31.27 per cent to Rs 5,031.75 crore for the quarter ended June 30. Revenue from operations for...

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Zudio goes global, opens first international store in Dubai

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