Future Group takes over Sangam Direct chain
Future Group takes over Sangam Direct chain

Future Group, led by Kishore Biyani, has continued its buying spree by acquiring Sangam Direct chain of grocery stores from Wadhawan Holding. This move can be marked as the company's effort to dominate the grocery segment of the country.

Wadhawan Holding, a company owned by the promoters of Dewan Housing Finance Corp., has sold around three dozen stores network to Biyani through a lease transfer, revealed a source. However, Future Group's spokesperson has declined to comment anything on the development by stating that Group does not react to market's speculations.

Wadhawan operate the stores under Sangam Direct (that was earlier known as Sabka Bazaar stores) in Delhi NCR and in Bengaluru. The sources said Sangam Direct business has a revenue of about Rs 100-150 crore.

Prior to this acquisition, Future Group has acquired south-based Nilgiris Chain, Big Apple in New Delhi and Bharti Retail's Easyday and now, it has taken over Sangam Direct hence, making it group's fourth acquisition within a short span of time.

Future Group is in advance talks to acquire the retail business of Hyderabad-based Heritage Foods Ltd. Hyderabad-based Heritage Foods operates two flagship divisions — dairy and retail — and has interests in small businesses, including bakery and animal feed. Retail accounts for nearly a fourth of the overall business, with sales of Rs 583 crore, up 18 per cent last fiscal.

 
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Perpule launches UltraPOS!
Perpule launches UltraPOS!
 

Perpule, an Omni-channel retail-tech company and announced the launch of its next-gen Point of Sale (POS) billing solution called UltraPOS. Perpule’s UltraPOS is a platform independent, form factor independent POS billing system which can enable anytime, anywhere billing. It is a cloud-based SaaS product which eliminates the need of bulky servers and computers in the store. UltraPOS will enable offline stores to reduce billing counter size by up to 40% and help increase sales and revenue through an AI/data-driven approach to dynamic offers, cross-sell and upsell. It is currently being used by retail brands such as Vishal Mega Mart, Big Bazaar, Foodhall and many more.

Perpule UltraPOS can render traditional billing systems obsolete with in-built features such as analytics, inventory and staff management tools. Retailers can update product prices, stocks, offers, etc. consistently across platforms. The cloud-based solution seamlessly operates in online as well as offline modes which is perfect for India where connectivity is still a challenge. This solution also gives omni-channel players a platform to manage order and inventory for both e-commerce as well in-store sales from the store itself. The UltraPOS solution can work with any device such as handhelds, mobile, desktop and tablets. It allows cashiers to scan barcodes, generate receipts and accept payments without any hassle. Retailers can also opt for the accompanying hardware (a handheld device) at no additional cost and a flexible monthly rental fee. Retailers can also opt UltraPOS for their existing infrastructure or try out a combination of both handheld and traditional billing modules.

A major challenge for retailers is the lack of display area and suboptimal customer flow. UltraPOS tackles this by reducing the size of billing counters, allowing for more space to showcase merchandise and increase footfall. Due to the mobile nature of the device, users can save significantly on IT capex, opex and manpower costs. Retailers will be able to get more than 50% reduction in POS technology spend (eg. store server, computer, printer, scanner, EDC/payment, networking, etc) and 95% reduction in paper saved from digital receipts. Perpule also provides value-added services for retailers to increase revenue such as bill payments, recharges and ticket bookings.

 

 

 

 

 

 

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