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K Raheja Group, which owns Shoppers Stop and Hypercity Retail has planned to invest around 525 crore to expand its network and strengthen its omni-channel strategy in the coming three years.
Pardon the interruption in the much-celebrated eCommerce space, the hyperlocal segment – that gets customers to buy locally – is witnessing a slowdown as many players see exiting and closing operations as viable options.
Sulekha.com, leading digital platform for local services, recently announced that GIC, the sovereign wealth fund of Singapore, and Norwest Venture Partners, a top-tier global investment firm, have invested Rs. 175 Crores into the company.
The Group intends to set up at least 20 heritage hotels in the pilgrimage centres in South India in the next 5-7 years.
Footwear firm Bata India today reported 4.14 per cent decline in standalone net profit at Rs 59.37 crore for the second quarter ended June 30, 2014.