retail industry growth
Latest News
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...
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Footwear brand Egoss to build a new manufacturing unit
With the new unit, the company aims to triple the production capacity to 3 million units a year.
New Delhi: New Delhi-based footwear brand Egoss has acquired a new production unit at Agra, a release by the company said on...
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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,...
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...
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Zepto faces backlash over Rs 131 pricetag for coriander leaves; says issue resolved
PTI -
Zepto drew flak when a user from Gurugram found that 100 grams of coriander leaves were listed at Rs 131 on ZeptoNew Delhi: Zepto faced social media ire after a user called out the quick commerce platform for listing...
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Govt may relax 45-day payment rule for MSMEs in budget
PTI -
The government is considering suggestions regarding changes to Section 43B(h) of the Income Tax Act made by MSMEs during pre-budget consultationsNew Delhi: The government may relax the requirement of making payments to MSMEs within 45 days of buying goods...
Beauty & Wellness
Purplle group raises Rs 1,000 crore from Abu Dhabi Investment Authority arm, others
PTI -
Founded in 2012, Purplle has granted ESOPs to 320 employees up to dateNew Delhi: Omni-channel beauty platform Purplle Group on Monday announced raising Rs 1,000 crore in a funding round led by a wholly-owned subsidiary of Abu Dhabi Investment...
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Sportking expands into e-commerce
The company has more than 100 stores in Punjab, Jammu & Kashmir and HaryanaNew Delhi: Vertically integrated textile brand Sportking has expanded its online presence pan India, the company announced on Monday.
The retailer, which has more than 100 stores...
Consumer Durables & IT
Sony India MD says country expected to overtake Japan to become 3rd largest global market in two years
PTI -
At present, the US, China and Japan are the top three markets for Sony globally, followed by IndiaNew Delhi: Japanese consumer electronics giant Sony expects India to overtake home market and become the company's third largest market globally in...
Spotlight
Accel bullish on non-urban markets; sees large cos emerging in e-comm
PTI -
Accel is also bullish on companies dabbling in edtech, upskilling and recruitment solutions as well as content platforms and consumer companiesNew Delhi: Several large, $1 billion-plus companies will be built over the coming decade, serving promising domains such as...
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McDonald’s opens new largest outlet at Anthurium, Noida
Spanning 9,000 sq. ft., situated within Anthurium, Noida’s first Digital Office Space, the new McDonald’s outlet features a contemporary...
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