Reliance Industries: Riding on clicks and bricks
Reliance plans to launch a unique physical-digital retail business platform that is already being piloted across India and is expected to be rolled out nationally in the coming years.
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Promoters sell 11% in Zee to Invesco Oppenheimer
Announcement of the stake sale ends months of speculation regarding the suitor for Zee, and will help promoters deleverage the group’s balance sheet
Bigbasket gets ₹100 crore in venture debt from Trifecta
The firm will use the funds to meet its working capital needs; it will also use it to set up new warehouses and scale up the supply chain of its recently launched milk subscription business.
BigBasket raises $150 million, joins unicorn club
South Korea’s Mirae-Naver, U.K.’s CDC also invest in owner and operator of the online food and grocery retailer.
BigBasket joins unicorn club
The company is set to raise $160 million in a new funding round from foreign investors, making it the latest entrant to the $1 billion valuation club.
India adds Black Friday to its shopping calendar
Offline retailers used it as an opportunity to drive footfalls at stores.
Online grocery: The next battleground
It is expected to be the fastest-growing segment in online retail.
Industry expects robust festive sales
Consumer-facing companies in India remain undeterred in the face of economic challenges and expect to cash in on improved demand this festive season.
PE deals up 21% in 2018
Real estate, start-up, banking, energy, and pharma sectors led with 77% of total deal values
India and China: The great divide
Even with the tag of the fastest growing major economy, India will take decades to catch-up with China, even if the latter were to stop growing completely.
