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Logistics & Retail

Mukesh Ambani-led Reliance Retail is betting big on business-to-business (B2B) ecommerce with a digital wholesale marketplace along the lines of China’s Alibaba for products such as smartphones, televisions, garments, spices and soap. https://economictimes.indiatimes.com/industry/services/retail/reliance-retail-has-major-plans-in-store-for-kiranas/articleshow/68858751.cms

Home-grown personal care and cosmetics brand Lotus Herbals, which has been wooed aggressively by large companies including L’Oreal and Dabur, has begun scouting for acquisitions and is in talks with investment bankers to identify potential targets. https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/lotus-herbals-plans-acquisitions-may-sell-stake-to-raise-funds/articleshow/68881232.cms

Zoho Corp has announced the launch of Zoho Commerce, an e-commerce solution which will help small retailers set up their own ecommerce sites. Zoho Corp had been running a beta version for the past year with 3,500 retailers globally, about 10% of which were in India. https://economictimes.indiatimes.com/industry/services/retail/zoho-launches-e-commerce-solution-for-small-retailers/articleshow/68798804.cms

Walmart-owned Indian ecommerce giant Flipkart is working on a video Know Your Customer (KYC) solution to offer instant credit to customers who buy through its platform, after Aadhaar-based eKYC for private entities was struck down by the Supreme Court last year. https://economictimes.indiatimes.com/industry/cons-products/electronics/flipkart-is-ready-with-the-tech-stack-to-start-lending/articleshow/68770613.cms

Global port operator DP World, in partnership with National Investment and Infrastructure Fund (NIIF), is set to buy a controlling stake in Kribhco Infrastructure (KRIL) for close to Rs. 1,000 crore. https://www.thehindubusinessline.com/todays-paper/article26729034.ece

Mid-market buyout private equity fund Samara Capital has signed an agreement to acquire a 50 per cent stake in Blue Heaven Cosmetics Pvt Ltd for an undisclosed amount. The company plans to use the funds marketing and distribution and consolidation of group entities. https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/article26708317.ece

Home-grown logistics firm DTDC is planning an investment of Rs. 400-500 crore over the next three years. Investments will be made towards setting up transit hubs and allied infrastructure. A part of the funds will be raised from internal resources, especially with the company being profitable. https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/article26708336.ece

Amazon has pumped Rs 240 crore (approx $35 million) in its Indian food-only retail business, which acts as a seller of groceries and other packaged food products to the company’s local ecommerce marketplace. The investment comes more than a month after India’s revised guidelines for FDI in ecommerce kicked in, which had initially put Amazon’s […]