Retail in India
Finance & Funding
Skincare brand Skininspired raises $1.5mn
The funding was led by Unilever Ventures and supported by notable angel investors such as Dr Vaidya’s co-founder Arjun Vaidya.
New Delhi:Â Udaipur-based skincare brand Skininspired has raised $1.5 million (Rs 12.25 crore) in seed funding, a release by the company...
Food & Beverage
Zomato hikes platform fee in select cities
PTI -
The two companies introduced platform fees last year, initially at Rs 2 per order, which has been increased graduallyNew Delhi: Food delivery firm Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi,...
Food & Grocery
Avenue Supermarts’ shares jump over 4%
PTI -
The stock went up by 4.29 per cent to Rs 5,166.10 on the BSENew Delhi: Shares of Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, climbed more than 4 per cent on Monday after the company...
Payments
India to see retail digital payments to double to $7tn by 2030: Report
PTI -
The report said co-branded credit cards are gaining momentum. "Emerging methods such as buy now, pay later (BNPL)New Delhi: With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030...
In Focus
How will tech investments in retail turnout for 2024?
60% of industry professionals say investments in tech will increase in the remainder of the calendar year 2024
IndiaRetailing Insights: Technology investments in the retail sector will increase in the coming months according to a poll conducted by IndiaRetailing. About...
Fashion & Lifestyle
Taneira by House of Tata partners with Goonj
The collaboration supports Taneira’s new initiative, 'Exchange, Elevate and Empower’, which invites customers to donate their sarees for rural development work Bengaluru: Women’s ethnic wear brand Taneira, from the House of Tata, has partnered with Goonj, a non-governmental organisation working...
Food & Beverage
Mad Over Donuts opens two stores in Mumbai
Newly launched Mad Over Donuts stores are located at Ambernath and GoregaonBengaluru: Quick service restaurant (QSR) chain Mad Over Donuts (MOD) has opened two new outlets in Mumbai, located at Ambernath and Goregaon, the donut brand said in a...
FMCG
Expects consumption uptick in FY25; power brand to drive growth: Dabur Chairman
PTI -
Dabur expects an improvement in rural consumption, where it will continue to expand its footprint, while for urban markets.New Delhi: FMCG maker Dabur India is optimistic of a gradual uptick in consumption this fiscal and expects its power brands...
Consumer Durables & IT
Xiaomi India profit plunges 77 pc to Rs 239 cr, revenue dips to Rs 26,697 cr in FY23
PTI -
Xiaomi's revenue from operations declined by about 32 per cent to Rs 26,697 crore in FY23 from about Rs 39,100 crore in FY22New Delhi: Chinese smart device maker Xiaomi Technology's profit in India nosedived 77 per cent year-on-year to...
Finance & Funding
PC Jeweller to raise Rs 2,705 cr via warrants; promoters to infuse Rs 850 cr
PTI -
Around 75 per cent of the fund will be used for repaying bank loans and the rest 25 per cent for working capital requirementsNew Delhi: PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants...
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Latest News
AbCoffee opens 50th outlet in just two years
The homegrown takeaway coffee chain reached the milestone by opening four new outlets in MumbaiMumbai: Tech-enabled grab-and-go coffee chain...
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