Retail News in India, News in Retail Sector, Retailer News

Bluestone eyes expanding in India with

Bluestone, PE-controlled and Bangalore-based online jewellery e-tailer, is looking to expand across India with offline stores. The company eyes opening around 100 stores over the next two years. Gaurav Singh Kushwaha, Founder & CEO of Bluestone, said, "The firm is a product-oriented company hence marriage to one channel (e-commerce) alone wouldn't help.

December 06, 2018 | comments ( 0 ) |

Zomato buys Lucknow-based TechEagle

In order to carve a path toward drone-based food delivery in India, Zomato, an online food ordering platform, has acquired Lucknow-based startup TechEagle Innovations for an undisclosed amount. TechEagle will help Zomato to create a hub-to-hub delivery network powered by hybrid multi-rotor drones. Deepinder Goyal, Founder and CEO, Zomato, said, "We are currently at the early stage of aerial innovations and are taking baby steps towards

December 06, 2018 | comments ( 0 ) |

Curefit may foray into online retailing

Curefit, health and fitness startup, may enter online retailing of sportswear soon. The Bengaluru-headquartered firm has already started hiring key executives for the new venture. Curefit was started by Mukesh Bansal, Co-founder of Myntra, and Ankit Nagori, former Flipkart Executive. At present, sportswear accounts for around 30% of overall sales at top online fashion retailers across India. Thereby, selling sportswear online will start an

December 05, 2018 | comments ( 0 ) |

Virat Kohli's One8 expands brand

Virat Kohli has launched One8 Fragrances, expanding its athleisure brand One8 portfolio. These Fragrances will be available in six variants including Aqua, Willow, Intense, Active, Fresh and Pure. India cricket captain had introduced One8 brand last year in collaboration with German sports lifestyle brand Puma. The product portfolio consists Eau De Parfum, deodorants and pocket sprays. Kohli said, "I want everyone to be closely involved in

December 05, 2018 | comments ( 0 ) |

Lighthouse invests INR 250 crores in

Lighthouse India Fund III, Limited, an affiliate of Lighthouse Advisors, India’s leading, consumer-focused private equity manager, is investing over INR 250 crore (USD 35 million) to acquire a minority stake in Aqualite Industries, one of India's leading footwear companies. Founded more than three decades ago, Aqualite offers more than 6,500 SKUs in hawai, non-hawai and shoe product categories. The products are sold

December 04, 2018 | comments ( 0 ) |

PrettySecrets launches new store

India's leading fashion lingerie brand, PrettySecrets has expanded its retail presence by launching its flagship store at Rajouri Garden, New Delhi. Presently, the brand has 3 stores in Delhi and 25 stores across pan-India. Designed to create personalized shopping experience for each of its customer, the newly launched store is spread across 2,000 sq ft. The store's collection is designed for young, modern and bold women. It

December 04, 2018 | comments ( 0 ) |

Infiniti Retail posts 1st net profit

After 12 years of operation, Tata-owned Infiniti Retail Ltd, owning the Croma electronics retail chain, has reported its first net profit in FY 2018. Now, the company is "confident of progressive reduction in the accumulated losses" due to profitability. According to the filings made with the Registrar of Companies (RoC), Infiniti Retail posted a net profit of Rs 16.64 crore during 2017-18 compared with a net loss of Rs

December 04, 2018 | comments ( 0 ) |

Future group to launch Brand Factory

Future Group will launch Brand Factory, its fashion discount retail chain, online in February 2019. This will be Future Group's major online project in the e-commerce space. Kishore Biyani, CEO of Future Group, said, "In February, we would be launching one of our own online site brandfactory.in in February, which would be our biggest launch in e-commerce and online business." "We

December 03, 2018 | comments ( 0 ) |

Over 50 Indian companies aims to expand

Over 50 Indian companies including DCM Shriram and LT Foods have shown interest in expanding their operations to Ras Al Khaimah Economic Zone (RAKEZ) in the UAE as reported with leading media resources. RAKEZ is one of the seven emirates that comprise the United Arab Emirates (UAE) and one of the 45 free economic zones in the Gulf nation. "More than 50 high-profile Indian business leaders

November 29, 2018 | comments ( 0 ) |

Xiaomi clocks about Rs 23k cr revenue

Chinese phone giant Xiaomi’s revenue in 2017-18 has touched nearly Rs 23,000 crore in just four years of operations in India. Thus, the company has been reckoned as one of the fastest scale-up recorded by a consumer electronics company. The company, which leads the smartphone market and is now cornering sizeable share in the television segment, is now studying the possibility of making a big splash in the consumer durables and

November 29, 2018 | comments ( 0 ) |

De’Longhi Group forms strategic

De'Longhi Group, the renowned Italian small appliancesmaker, today announced a strategic partnership with Orient Electric Limited, part of the diversified USD 1.8 billion CK Birla Group, to bring its international premium range of small appliances to the Indian market. Orient Electric will have exclusive rights to market and sellthe marquee brands of - De’Longhi, Kenwood and Braun. Commenting on the partnership, Rakesh Khanna, MD

November 28, 2018 | comments ( 0 ) |

Indya expands its offline presence with

High Street Essentials Pvt Ltd (HSE) announces the launch of their second exclusive Indya outlet in Pune, India. The overwhelming love and support received by the brand in Delhi, Mumbai, Chennai, Bangalore, Chandigarh and Pune has led to the arrival of the brand’s second store in the up-market Phoenix Market City, Viman Nagar. Indya, an Ethno-fusion brand continuously reinvents traditional Indian wear by incorporating

November 28, 2018 | comments ( 0 ) |

CarDekho acqui-hires auction portal

Automobile portal CarDekho has acqui-hired used cars platform Carbiqi to mark its foray into the auction model, according to a media report. The stock deal was signed a couple of weeks ago and the Carbiqi team will soon join CarDekho’s used cars setup in Gurugram, Entrackr reported. The companies had been in talks for two months before striking the deal, the report stated citing people in the know. Under the auction model,

November 27, 2018 | comments ( 0 ) |

Havells aims 10% share in water purifier

Consumer durable maker Havells, a new entrant in the fast growing water purifier segment, is aiming to have around 10 per cent of the segment in next 3-4 years, said a company official. The company aims to be a "significant player" in the segment and has plans to double its manufacturing capacity to one million units per annum. As part of expansion of product portfolio in the segment, the Delhi-based company has introduced

November 26, 2018 | comments ( 0 ) |

Welspun India aims 50% revenue from

Textile Welspun India is eyeing about 50 per cent of its revenue from innovation-based products by FY2021-22, a top company official said. The company, which offers bath, bedding and flooring solutions, has 29 active patents globally. "We expect revenue from innovation-based products to grow significantly in the years to come. We see at least 50 per cent of our revenue from innovation-based products. We see this happening

November 26, 2018 | comments ( 0 ) |