India Retail Industry Archives

Retail News Round Up_Nov 02,2015

Retail News :

Commerce Minister asks RBI, Enforcement Directorate to probe if top e-tailers like Flipkart, Amazon, Snapdeal flouted rules
E-commerce, start-up boom swells India’s advertiser base; 2000 advertisers added in Jan-Sep 2015
India Post collects Rs 800 crore from cash-on-delivery facility
Quikr has launched QuikrServices that currently lists home-services providers in 11 categories
Oxigen Services in talks to raise Rs 1,300 crore; plans to hive off online business
Strengthening backend operations for great customer experience, Grofers wants to be one-stop app Consumer for all your daily needs

Retail News :

Tata Trent’s Trend West acquires Bengaluru based brand Eat.Shop.Love.
In a first, Haryana allotts all its 1,236 liquor retails outlets through e-tendering process
Godrej Interio to invest Rs 300 crore in domestic market
Indias luxury goods market to hit Rs7,100 crore in 2015
Ecommerce Sites May Soon Start Selling Mutual Fund Products Online
Reliance Jio to raise Rs 3000 Cr by issuing debentures

Retail News :

Paytm Will Now Allow Wallet Top Ups At Bank Of Maharashtra Atms
Fork Media Acquires Equity In Wifi Ad Network Spid
Erosnow Ties With Ortel To Offer Subscription Based Movie Streaming
Citrus Acqui-Hires Payments Company Zwitch
30 Million Mobile Number Portability Requests In India In August 2015
Vidooly Launches Cms For Youtubers, Mcns & Brands
Flipkart Sells $200 Million Worth Of Mobile Phones During ‘Big Billion’ Sale
Mobikwik Looks To Raise $50-100 Million To Drive Expansion
Reliance Jio Is Determined To Launch Their 4g Services Packed With A Smartphone Costing Just Rs 4000
Twitter Has Launched Twitter Polls For Users Across The World.

Retail News :

Top ecommerce firms Flipkart, Amazon, Snapdeal shun UP, Uttarakhand post tax hassles
Myntra targets 10X growth, $5 billion in GMV by 2020
Reboot Systems India in talks to raise $15 million to $25 million to take on GreenDust, OverCart
Shopclues eyes $1 billion GMV by early next year
Amazon to reward top sellers on its platform
Walmart suddenly removed ‘Made in USA’ labels from its website
Gati’s net profit falls 16.15% to Rs 5.8 crore due to higher staff benefit costs
Government to increase spends on digital advertising

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 :

Retail News :

CashKaro targeting over Rs 300 crore in GMV
Pepe plans to raise India marketing spend by 20%
LVMH fashion and leather sales growth slows in Q3
Burger King partners Scootsy for home delivery
INOX partners wtih SAP to integrate back-end operations and facilitate customers
Mars International launches pet food brand ‘Eukanuba’ in India
To Stop Physical Publishing of 3.5Cr Pages Of Gazette Notifications; Moves To ePublishing on Massive Scale
ISRO Will Launch India’s Own Satellite Navigation: IRNSS; Will end American Monopoly Of GPS

Retail News :

Siyaram announces joint venture with Italian lifestyle brand Cadini
PepperTap close to raising $50 million
RBI allows banks to use e-payments for imports
H&M sees strong growth, market share increase
Jumbo King looking for strategic partner to fund expansion plan
Zapak to raise $15M from China-based Lead Eastern
Quintype secures $3.25M from Raghav Bahl & other investors
Motorola Shuns Flipkart Exclusivity. Moto Phones Now Available on Amazon, Snapdeal & Offline Stores!
After Ola, Uber Too Brings Disguised Phone Numbers For Passenger Privacy!

Retail News :

Flipkart buys back logistics arm from WS Retail
Paytm plans to sell movie and entertainment tickets; to take on Bookmyshow.com
Rajesh Exports to use Valcambi network in Europe, America
Portea Medical secures $37.5M from IFC and existing investors
Amid TRAI paper on call drops, Airtel shifts all prepaid users to per second billing

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