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Retail News Round Up_Oct 21,2015

Retail News :

Amazon says creating more than 100,000 jobs for holiday season
Hyperlocal startups like Grofers, Pepper-Tap, TinyOwl reduce use of petty cash via prepaid cards
Italian company Ferrero Rocher to invest Rs 367 crore in India

SRS Cinemas to open 100 screens in 2 years
Hyperlocal delivery startup Opinio raises Rs 45 crore from logistics company Delhivery
LetsVenture raises Series A funding from Accel Partners & others
Citrus Pay raises Series C funding from Ascent Capital & existing investors
India added only 0.78M active mobile connections in August 2015
Opinio secures $7M from Delhivery, Sands Capital & Accel
Govt Makes Aadhaar Card Mandatory for Registering A New Business, Defies Supreme Court Order…
Mahindra Launches SmartShift, a Mobile App Connecting Transporters To Cargo Owners

Retail News :

Amazon India adds muscle to B2B segment
Spykar Lifestyles to foray into e-commerce space
Mahindra & Mahindra forays into branded pulses business
Dabur sees a hit to ‘Real’ juice sales from Nepal unrest
India Value Fund to invest up to $150 million in food business
Havells targets Rs 500 crore revenue by 2016 in Karnataka
Dabur to invest Rs 100 crore in beauty retail chain NewU
Welspun India climbs 6% on proposed e-commerce portal in US
Vivo Bags IPL Sponsorship, Will Start Manufacturing Smartphones Domestically in Noida
Paytm Gets Into Hotel Bookings, Ties Up With Goibibo, Ezeego1, Via & TSI-Yatra

Retail News :

ShadowFax raises $8.5M from Eight Road Ventures
Axis Bank’s Lime app integrates wallets, shopping, payments & banking
Online bike marketplace Credr raises $15M from Eight Roads Ventures
Amazon expected to launch Kindle with Indian language support in December or January
Google & Twitter to launch open source publishing platform
Flipkart, Snapdeal, Paytm plan hyperlocal push
MoEngage raises $4.25 million from Helion, others
Paytm ties up with educational institutions to introduce cashless payments
OCM brings Pakistani brand Sana Safinaz to India
Xiaomi plans to push India sales through its ecommerce site Mi.com

Retail News :

98% of mobile apps of Top 50 Indian e-Commerce companies vulnerable to security attacks
Snapdeal acquires Silicon Valley startup Reduce Data
Tax is depriving us from going out shopping and eating
Mahindra Retail to rename Mom & Me stores as ‘Babyoye by Mahindra’
Ola and Uber start charging drivers Rs 300 per week
Google, Microsoft, Amazon and Mozilla Join Hands To Create Next-Gen Open Video Format

Retail News :

Ray-Ban drags online marketplace Shopclues to Court for selling fake eyewear
Alibaba plans big for its India outing
E-portals’ names removed by Nikon; High Court disposes of case
Amazon is quietly testing a restaurant delivery service in bid to take on GrubHub
Waitlist for Flipkart Ping already at over 100K, says Punit Soni
Amazon India launches household supplies store as new category
Australian coffee chain Di Bella to invest Rs 33 crore to expand in India
Pepperfry books retail space on Mumbai highstreet
Kent to invest Rs100 cr to build new facility in Noida

Retail News :

USFDA refuses entry of 1,150 Indian products in 6 months
Coca-cola India signs Sourav Ganguly for 3-years as social ambassador
PVR, Inox tweak food offering at multiplexes to be one-stop-shop for movie goers
E-tailers like Amazon India, Shopclues and Foxconn have high hopes from the refurbished market
Mydala.com aims for 10 lakh merchants on its platform in 3 years
Taiwan electronics manufacturing cluster with investment of $500 million to come up in Bengaluru

Retail News :

Shoppers Stop To Set Up Its Own Store On Snapdeal
Emami Raises Rs 950 Crore For Kesh King Buy
Russian Billionaire Yuri Milner Seeks Startups’ Awareness For Alien Search Project
GAS Expects India To Be Among Its Top 3 Markets In World
Youwecan Ventures Invests Rs 4 Crore In Master Franchisee Of Fast-Food Chain Carls Jr
Klozee, Which Allows Users To Rent Premium Apparel, Raises Seed Funding From Tracxnlabs
Alibaba Inks Exclusive Tie-Ups With Global Brands To Sell In China
Ezetap Mobile Solutions Raises Rs 150 Crore From Silicon Valley’s Social+Capital Partnership
Amazon India Opens Third Customer Service Facility In Pune
Postal Department To Help Farmers Sell Their Produce Online