retail news and updates
Spotlight
Boult IPO likely next year: Co-founder Varun Gupta
PTI -
We are not focusing on IPO this year, our primary focus is to foray into offline marketsNew Delhi: Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25,...
Beauty & Wellness
Nestle India, Dr Reddy’s to form JV for nutraceutical brands in India, other agreed territories
PTI -
Dr Reddy's will license brands such as Rebalanz, Celevida, Antoxid, Kidrich-D3, Becozinc in the nutrition, and OTC ( over the counter) segmentsNew Delhi: Nestle India and Dr Reddy's Laboratories Ltd on Thursday announced that they have entered into a...
Finance and Funding
UP-based furniture brand Ouchcart eyes 200% revenue growth in FY25
The brand, which was established in 2018, clocked a revenue of Rs 3 core in FY 23
New Delhi:Â Uttar Pradesh-based home decor and furnishing brand Ouchcart eyes Rs 30 crore revenue in financial year (FY) 2025, an increase of around...
Consumer Durables & IT
Croma opens another door at Kolkata
Croma opened 149 stores in 50 new cities and 13 Apple–only stores earlier this yearNew Delhi: Mumbai-based large format retailer Croma has opened another store in Kolkata, a social media post by a top industry executive said on Wednesday.“Another...
Beauty & Wellness
Indus Valley Cosmetics to Invest ₹40 Crores in R&D
The brand aims to enhance the visibility of its flagship product ‘Organic Gel Hair Colour’ through nationwide advertising and awareness campaigns. The company also aims to penetrate in South Indian markets through collaborations with influencersNEW DELHI: Organic and Natural...
Payments
Razorpay announces ‘UPI Switch’ in partnership with Airtel Payments Bank
PTI -
The 'UPI Switch' will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businessesNew Delhi: Fintech company Razorpay on Tuesday launched its own UPI infrastructure with 'UPI Switch', a cloud-based innovation in partnership with Airtel...
E-Commerce
Hyper-local e-comm firm magicpin plans to hire 250 people over next 6 months
PTI -
The fresh hiring will take the total workforce to over 550 excluding the collaborative workforce of 100 people that will be hired for the ONDC projectNew Delhi:Hyper-local e-commerce company magicpin said it plans to hire more than 150 professionals...
Food & Grocery
The New Shop debuts as Flagship store in Jabalpur
Founded in March 2019, The New Shop is a franchise convenience retailer with stores situated in high-density neighbourhoods, airports, gas stations, railway stations and educational institutions.
New Delhi: Delhi-based convenience retailer The New Shop has opened a flagship store in...
Home Decor & Furnishing
Wooden Street opens new manufacturing, R&D unit in Jodhpur
The new unit is spread across an area of 10 Lakh sq. ft. and can produce 4-5 lakh units annually
New Delhi:Â Jaipur-based home furniture and decor brand Wooden Street has opened a new manufacturing facility and R&D unit in Jodhpur,...
In Focus
Reliance Retail’s revenue grows 18% to cross Rs 3 lakh crore in FY24
PTI -
During the financial year 2023-24, the total footfall at Reliance Retail stores was at 1,063 million (around 106.3 crore) this was 780 million a year ago
New Delhi: Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led...
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Latest News
Reliance Retail opens 30 Metro stores in Q1, total count crosses 200
Reliance Retail had acquired the Indian operations of German firm Metro AG's wholesale operations in December 2022 in a...
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