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Bigbasket sees 84 pc jump in new customers in July vs pre-COVID

Online grocery delivery platform Bigbasket on Tuesday said the number of new customers on its platform grew by 84 percent in July this year as compared to the month of January, an indicator of the strong growth seen by...

Milkbasket plans to launch IPO next year

Daily grocery delivery platform Milkbasket has advanced its plan to launch an initial public offering by the second half of next year, buoyed by strong growth in business in recent months amid the pandemic, a top company executive said. Speaking...

Lockdown gave boost to sustainable biz, pushed closer towards profits: Grofers

Softbank-backed Grofers on Tuesday said the lockdown period has given its business a boost towards sustainability and helped it move closer to hitting profits by the end of next year. According to a PTI report: The online grocery platform, which...

Flipkart starts hyperlocal service 'Flipkart Quick', to expand to 6 cities by year-end

Walmart-owned Flipkart on Tuesday announced the launch of its hyperlocal delivery service 'Flipkart Quick' that will enable customers to receive grocery, fresh vegetables, meat and mobile phones in 90 minutes. “The service will be available in select locations in Bengaluru...

India e-commerce to grow 27 pc, Reliance to capture half of online grocery sales: Goldman

India's e-commerce business is expected to grow at a compound annual growth rate (CAGR) of 27 percent to reach US$99 billion by 2024, Goldman Sachs said projecting that Reliance Industries would capture half of the online grocery sales through...

Ushering in a New Technological Era: Retail industry goes contactless in COVID times

Social distancing, masks, and a lockdown. The COVID-19 pandemic is forcing people to stay at home, work from home and buy from home. Despite the lockdown being lifted in phases, the economy beginning to limp back to the ‘new...

In-home consumption surges as consumers binge on biscuits, salty snacks

Food categories like biscuits, salty snacks, instant noodles, beverages, edible oils are seeing an increase in demand as in home consumption increases while out of home consumption of FMCG products is expected to take a back seat as the...

How COVID-19 is influencing consumer behaviour

It’s been three months since the World Health Organisation declared the COVID-19 outbreak to be a ‘Public Health Emergency of International Concern’. Despite continued efforts by governments and organisations across the world, the virus continues to spread unabated. With...

'COVID-19 accelerates the need for greater technology integration into retailing'

During this lockdown and post-lockdown period, the future for businesses looks uncertain as COVID-19 has no solution yet to counter its infection. The only thing continuing is social distancing norms and general precautions against the pandemic that is making...

Flipkart to re-apply for food retail license

The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday. According to a PTI report: The government...
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Delhivery appoints Prashant Gazipur as Senior VP

Gazipur will take charge of capacity building and operational excellence across the company's last-mile pickup and delivery operationsMumbai: Logistics...
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