SuneeraTandon
Stories by SuneeraTandon
India’s Future Retail pays up $14m pending interest to investors, averts default
Future Retail is facing a severe liquidity crisis and is in advanced talks to sell assets to Reliance Industries.
India’s online food delivery may return to pre-COVID levels in 2-3 months, says Zomato
The sector is now registering 75-80% of pre-covid gross merchandise value.
India: Neighbourhood grocery stores flock to B2B apps for supplies
India has well over 7 million neighbourhood grocery stores, accounting for nearly 88 per cent of FMCG sales.
Indian beauty products retailer MyGlamm acquires POPxo
Post the acquisition, POPxo will retain its brand and continue to create women-centric content across platforms.
India: RIL may acquire Future Group’s retail biz for up to $3.6b
In all, over 1,700 stores across formats are expected to go to RIL.
India: New e-commerce rules place online shoppers at the centre
E-commerce rules are now a part of the Consumer Protection Act, 2019.
Unilever to retain tea businesses in India, Indonesia
Unilever announced a strategic review of its global tea business in January.
India: Flipkart picks up minority stake in Arvind Youth Brands for $34.6m
The company, which owns denim brand Flying Machine, plans to build the brand online and in India's smaller markets.
Food aggregators pivot to cloud kitchens as online orders surge
These food-tech unicorns are now working with restaurants to help them resume operations by offering their cloud kitchen facilities.
India: Shifting consumption patterns to see increased PE interest in online retail, cloud kitchens
Cloud kitchens will also attract PE interest as they revive faster than traditional dine-in restaurants.
