The rise of online fresh groceries sales along with growing numbers of prepared food delivery companies entering this space could propel category growth by five times in the next five years
There is something discomfiting about the idea of getting fantastically rich off someone else's misfortune, which is what happens when a "short" trade - or bet against a stock or industry - succeeds
In view of growing consumer preference towards e-commerce, electronics major LG on Monday announced the launch of 'direct-to-consumer' online store to deliver directly at the customer's doorstep
Milkbasket is present in four cities so far including Gurugram, Noida, Bengaluru and Hyderabad. Goel said, the company had achieved break-even in three cities and Hyderabad would join the list soon
DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
Traditional trade sees bigger drop, says Nielsen
A clutch of home grown food and beverage brands are using their familiarity with local communities to redefine the terms of engagement with customers
Internationally, the pandemic has hit Amazon the hardest in India, where the company has had to forgo sales to comply with the government restricting delivery to essential goods such as groceries
The company noted in a statement that small and medium businesses across India had been financially impacted due to the nationwide lockdown to precent the spread of coronavirus
It's not flowing prose that sweeps you along. Instead, the author has opted for short, staccato sentences. They're like terse commands: Insistent, demanding but strangely riveting
BigBasket CEO Hari Menon says more consumers will shop online than depending on traditional means after Covid
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The report also says that online private labels have the potential to develop into self-sustaining brands that have a captive base beyond the e-commerce platform that has nurtured it.
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According to Nielsen's estimates, India's Rs 4 trillion FMCG market is expected to grow by 10% in calendar year 2020 (CY20)
The move is the latest sign of the Reliance group's pivot towards data and digital services for future growth, as it builds an online platform to take on the likes of Amazon and Flipkart in India
As traders prepare to hold a nationwide agitation against Amazon and Flipkart this week, the government weighs its options
The CCI flagged concerns around deep discounting on goods and services offered by large online retailers, particularly in the case of mobile phones and electrical appliances