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Logistics & Retail

Aditya Birla Group is selling supermarket chain More to Witzig Advisory Services, owned by Samara Alternative Investment Fund, in a deal that will eventually see Amazon picking up a 49% stake, according to people with knowledge of the matter. Deal pegged at about Rs 4,200 crore will give the online giant access to more than […]

Mahindra Logistic, a part of Mahindra Group is planning to expand warehousing space. Company will add around 5,00,000 sq ft of warehousing space by end of FY19. Mahindra logistic is an important part of Mahindra group. Also, the company will look at investing in start-ups in the technology and analytics space in order to support its […]

Online marketplace Amazon is eyeing Tier-III towns this festive season. The global brand has about 3,000 affordable large appliance brands on its portal as well as multiple finance options for easy monthly instalments. Its new Hindi option for customers is also likely to help its push into smaller towns. According to senior officials of the […]

Kishore Biyani’s Future Group is ramping up its food and grocery supply chain, as this segment is set to be a battleground for global retailers, with Walmart buying Flipkart and Amazon eyeing stakes in grocery retailers. Country’s largest retailer plans to invest Rs.500-800 crore in the next four years to create a nationwide food supply […]

Dubai’s Landmark Group-owned apparel retailer Lifestyle plans to expand its online presence even as e-tailers encroach into the fashion space. Lifestyle to invest Rs. 12 crore in ramp-up of omni-channel While offline expansion will continue with company adding 12-14 new stores every year at a cost of Rs. 100-150 crore, investments in online will focus […]

Multi-brand loyalty management company Payback plans to expand its presence across neighbourhood stores through partnerships with firms deploying point-of-sales terminals to enhance the frequency of customer transactions on its platform. American Express-owned company is seeking partnerships across sectors including grocery, fuel, electronics, furnishing and travel. It has already struck partnerships with stores such as gifting […]

Future group, through its various retail formats including Big Bazaar, is collaborating with USAID Commercial Horticulture and Agricultural Marketing Programme (CHAMP) to deliver mutual benefits to Indian consumers and Afghanistan horticultural producers. This will augment the domestic supply and provide customers with more choice during the non-season, Gopal Bihani, head of farm fresh business at […]

Mattress brand Kurl-on plans to invest ₹ 200 crore in innovation and new technology to double its product portfolio in  next 3 years and to consolidate the brand’s growth in home furniture and furnishings segment. Kurl-on, the magor matress company, announced the launch of ‘STR8 Technology’ for its mattresses on Wednesday, said it will rapidly […]

Paytm Money, which has been setup as a separate subsidiary aims to add 25 million users in retail investment segment over next 6 years Paytm has launched its independent investment platform Paytm Money, through which users will be able to buy mutual funds and get advisories for absolutely no charge. Paytm Money, which has been […]

Samara Capital and Amazon are all set to acquire Aditya Birla Group’s food and grocery retail chain More, 2 executives said, even as investment bank Goldman Sachs has exited the consortium. Samara Capital-Amazon consortium will acquire Kumar Mangalam Birla’s Aditya Birla Retail Ltd (ABRL) at an enterprise value of Rs.4,100- 4,200 crore. Deal is likely […]