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Tata Group joins the league of online grocery business by acquiring Gurgaon-based GrocerMax...
29 Jun 2017 Published by Rahul Verma 349 Views

The versatile conglomerate Tata group will soon enter to another business in demand, online grocery business, after buying out the management team and technology infrastructure of Gurgaon-based GrocerMax.The acquisition will boost the online platform for Trent Hypermarket, an JV between Tata and British retailer Tesco. This will drive Tata’s venture to get hold with the leading names Amazon and Bigbasket in ever-growing grocery business. GrocerMax will switch off its business in Gurgaon becaus..

Jewellery retailing recuperates luster after preferable backing by investors ...
29 Jul 2016 Published by Rahul Verma 445 Views

The online jewellery market has emerged as one of the finest and fastest growing segment in India. For every precious and auspicious moment in India, wearing jewellery signifies celebration and tradition, be it festival or wedding. Especially for women wearing jewellery is part of our culture and for Men it is style statement and matter of pride, whereas, some values it for antiques and valuable ornaments linked to our ancient history and Raja and Maharaja. India boasts of cutting and polis..

Herbal Care brand Himalaya to bank upon e-com biz, targets Rs 100 crore by 2018...
25 Jul 2016 Published by Rahul Verma 562 Views

The trusted herbal health and personal care firm Himalaya Drug Company plans to further boost up its online business and aims a revenue of Rs 100 crore by 2018."We started selling our products on the e-commerce portals including Amazon, Snapdeal and Flipkart last year and sales through this channel saw a 123 per cent jump," Ganesh Ramaswamy, Senior Manager, Digital Wing at Himalaya, as told to PTI.The online sales are growing at 70 per cent per year, and expecting it to touch Rs 100 crore by 201..

Fashion brand Mexx is going desi with Jabong...
18 Apr 2016 Published by Rahul Verma 486 Views

Online fashion retailer Jabong has concluded a partnership and announced the onset of international fashion retailer Mexx in India. The European brand will be available exclusively available on Jabong."We are very excited to launch Mexx exclusively in India and more than anything else we are thrilled that our brand ideologies are similar. With Mexx on board, we continue to broaden our international brand offering and have few other exciting names in the pipeline," Sanjeev Mohanty, CEO and managi..

Askme Group enters to new market with AskmeFresh and AskmeMeds...
12 Apr 2016 Published by Rahul Verma 341 Views

The online market places are expanding, so as their verticals to make wider reach to buyers. In serious business, Askme Group’s grocery marketplace AskmeGrocery is bringing in AskmeFresh, a grocery marketplace and AskmeMeds, an online health marketplace, to take on BigBasket, PepperTap and mChemist, respectively.The recent slowdown in online grocery has directed AskmeGrocery to expand in other segments to boost through other channels.  Both the verticals will go live in coming months acro..

Future Group to acquire furniture store FabFurnish.com...
07 Apr 2016 Published by Rahul Verma 277 Views

The Future Group has added another portfolio in its diversifying business after it acquired online furniture store FabFurnish.com—first online store acquisition.The Group it owns a home and furnishing brand HomeTown, this move has strengthen its reach to online platform which is booming after e-marketplaces Pepperfry and Urban Ladder is offering robust segment with catchy offers.“We will leverage FabFurnish’s online platform and delivery model to grow our presence in markets where we do no..

FSSAI registration is must for selling food products online ...
06 Apr 2016 Published by Rahul Verma 259 Views

The growing need of assurance in food products available online has pressed government to ensure FSSAI registration must for e-commerce players in India. The authority manufacture, storage, distribution, sale and import to ensure availability of safe and wholesome food for human consumption.The govt has made clear to e-tailers that if selling food products that need to register under the Food Safety and Standards Act 2006 with the FSSAI."These e-commerce players at their platforms are also s..

RIL extends JIO brand with fashion e-commerce portal Ajio...
03 Apr 2016 Published by Rahul Verma 1211 Views

Reliance Industries Ltd (RIL), the diversifying conglomerate, has expanded its presence in retail fashion with portal Ajio.com, focused on high-fashion brands. The new launched portal will showcase the largest collection of private labels for women online. According to company sources, some 60% of the merchandise it sells, including national and international brands and Indie (ethnic fusion) wear, will be exclusively available on the portal. The fashion will be aimed at 18-34-year groups.Th..

Abraaj, poured $150 million in the grocery biggie BigBasket...
23 Mar 2016 Published by Rahul Verma 200 Views

 Amazon.com Inc , which is aggressively investing in India, also launched a grocery delivery pilot in Bengaluru late last year.Read more at: http://www.moneycontrol.com/news/business/bigbasket-raises-36150-millionfunding-led-by-abraaOnline supermarket BigBasket has empowered with $150 million (about Rs 1,000 crore) funding by Dubai based Abraaj Group. The funding may strengthen grocery biggie’s express delivery service to take on competition from rival Grofers, LocalBanyaThe growing groce..

JLL India to come up with Snapdeal for residential properties solution...
22 Mar 2016 Published by Rahul Verma 208 Views

Property consultancy firm Jones LangLaSalle’s India arm, JLL India, has entered into a collaboration for residential services division with online marketplace Snapdeal in India. The duo will market brokerage-free buyer services in primary sales properties.Snapdeal-JLL can provide home searches and advice homebuyers, to let clients utilize maximum advisory with developers and assist with documentation and mortgages. "E commerce is evolving rapidly and proving to be a major disruptor of tra..

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