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Logistics & Retail

Retail captives in India, belonging to global retailers such as Target, Rakuten, Lowe’s and JC Penney, grew in the double-digit range in FY18, as retailers continued to move work in-house. In the last financial year, IT companies faced a slowdown in their retail business, as companies cut their outsourcing spend and moved work in-house in […]

Flipkart India Pvt. Ltd., the wholesale arm of the Walmart-owned e-commerce marketplace in India, has received Rs 1,431 crore in fresh funding from its Singapore-based parent entity Flipkart Private Limited. The investment came days after the Indian government made clarifications in the FDI policy for e-commerce that significantly affects firms like Flipkart. https://tech.economictimes.indiatimes.com/news/internet/flipkart-invests-rs-1431-crore-in-india-wholesale-arm/67553969

Future Supply Chain Solutions will invest Rs 1,000 crore to create India Food Grid, a network of 38 integrated food distribution centres, that will provide pan-India reach. The project is meant to redefine India’s complex food and fast moving consumer goods (FMCG) supply chain. https://economictimes.indiatimes.com/industry/services/retail/future-supply-chain-to-invest-rs-1000-crore-to-create-food-distribution-network/articleshow/67485543.cms

LOTS Wholesale Solutions, a wholly owned subsidiary of Thailand-based Siam Makro PCL, opened its third store in the country, in Noida. LOTS Wholesale Solutions, which currently operates two stores in Delhi, also launched its private label own brands – Basic Plus and PlusMo. https://economictimes.indiatimes.com/industry/services/retail/lots-wholesale-solutions-opens-third-outlet-in-india-launches-private-brands/articleshow/67473277.cms

Naspers-funded OLX Group has acquired Aasaanjobs for an undisclosed amount, a move aimed at strengthening the classified player’s position in the online job search segment. With the acquisition of Aasaanjobs, a recruitment marketplace for blue and grey-collar jobs in India, OLX will further strengthen its jobs vertical.  https://www.business-standard.com/article/companies/olx-group-acquires-aasaanjobs-to-strengthen-its-jobs-vertical-biz-119010600178_1.html

Indian startups are estimated to have raised $ 38.3 billion in funding in 2018, behind only the US and China. Flipkart’s $ 16 billion deal with American retailer Walmart accounted for the biggest piece of the pie, followed by Swiggy raising about $ 1.3 billion over three deals, and OYO picking up $ 1 billion in […]

Fuelled by growth in sectors such as manufacturing, retail, e-commerce, food delivery and consumer goods, along with the implementation of the Goods and Services Tax (GST), the demand for logistics and supply chain solutions in India is also on an upward trajectory. The start-ups playing in the digitally-driven logistics and supply chain space in India […]

Nysaa Retail, which operates ‘1-India Family Mart’ retail chain, plans to invest Rs 100 crore to add 80 stores and aiming a turnover of Rs 1,100 crore by 2020-21. The company, which operates 80 stores in tier-II and -III cities in eastern and northern India, is expected to close the current fiscal with a turnover […]

The Indian unit of Walmart, the world’s largest brickand-mortar retailer, posted a marginal increase in turnover during FY18, something the company attributed to changes in accounting norms after New Delhi implemented the biggest indirect tax reform since Independence. Walmart India’s turnover rose to Rs 3,654 crore during FY17-18. A year ago, it had expanded 13% […]