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Unicommerce to acquire e-commerce tech platform Shipway in equity-cash deal

In the first tranche, Unicommerce will acquire a 42.76% stake in Shipway for a cash consideration of Rs 68.4 crore.New Delhi: E-commerce SaaS platform for logistics Unicommerce will acquire a Gurugram-based e-commerce technology firm Shipway in a mix of...

Lenskart’s profit surged 5% to Rs144 cr in FY24

The retail stores from Lenskart and its online website feature over 5,000 eyewear styles. It is among the first companies in India to use robotic techniques in the eyewear sector. New Delhi: Eyewear omnichannel retailer Lenskart reported a 5% jump...

Retail Tracker: September saw over 60 new store openings, fundraising plummeted 750%

The fundraising in September went down by 750% to Rs 448 croreIndiaRetailing Insights: The month of September saw the opening of over 60 new stores by various brands as per data collated by IndiaRetailing. Of these, over 25 new...

India’s eyewear titans: Ranking the top 5 chains

From legacy brands with deep-rooted histories to modern chains embracing technology and innovation, these companies are shaping the future of eyewear in IndiaBengaluru: The eyewear industry in India has witnessed massive growth in recent years, driven by increasing awareness...

D2C brands see 64% surge in festive orders, outperforms marketplaces: GoKwik

Major marketplaces of the Indian e-commerce ecosystem ran their biggest festive sales starting from 25 September till Dussehra. New Delhi: D2C brands have outpaced marketplaces during the recent sale period, recording a 64% growth in orders from last year, compared...

Lenskart opens 1st store in Bangkok, Thailand

Since the last year, the eyewear retailer has been on an aggressive international expansion with stores opened in GCC and other Asian countries. New Delhi: Gurugram-based omnichannel eyewear retailer Lenskart has opened its first store in Bangkok, Thailand, a social...

SoftBank-backed Unicommerce Esolutions’ stock jumps over 117% in debut trade

The stock listed at Rs 230, rising sharply by 112.96% from the issue price on the BSENew Delhi: Shares of SoftBank-backed Unicommerce Esolutions Ltd on Tuesday made its market debut with a huge premium of over 117% against the...

Unicommerce eSolutions IPO gets subscribed whopping 168 times on closing day of bidding

The initial share sale received bids for 2,37,11,72,994 shares against 1,40,84,681 shares on offer, as per NSE dataNew Delhi: The initial public offer of SoftBank-backed Unicommerce eSolutions got subscribed a whopping 168.35 times on the last day of bidding...

SoftBank-backed Unicommerce to float IPO on Aug 6

The initial share sale will conclude on August 8 and the bidding for anchor investors will open for a day on August 5, according to the Red Herring Prospectus (RHP)New Delhi: SoftBank-backed SaaS platform Unicommerce eSolutions Ltd will launch its...

Fundraise in retail down by 49% Q-o-Q at Rs 740 crore

Of the overall funds received by retail companies, fashion and lifestyle brands garnered the maximum with over Rs 500 crore.  IndiaRetailing Insights: Fundraises in the retail sector in the April 2024 to June 2024 quarter dropped by almost 49% to...
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Swiggy’s loss narrows marginally to Rs 626 crore in Q2

In a regulatory filing, Swiggy said at the consolidated group level, it expects to achieve "positive adjusted EBITDA by...
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