Page 3 - Grocery Retail

Congress leader Rahul Gandhi slams govt over rising prices of groceries

Congress leader Rahul Gandhi on Monday attacked the BJP over the issue of rising prices of groceries, saying the people of India are being affected, not the ruling party.

India's 10-15 minute delivery market to reach $5.5 billion in 3 yrs: Report

As quick grocery delivery under 10-15 minutes time period becomes new growth arena globally, India's quick commerce market is set to witness 15 times growth by 2025, with market size of nearly $5.5 bn

Online grocery seller BigBasket acquires Kerala startup Agrima Infotech

Indian online grocery seller giant BigBasket acquires enterprise business unit of a deep-tech company incubated by Kerala Startup Mission (KSUM) with a view to transform offline retail in the country.

Flipkart's Shopsy eyes largest grocer tag, rolls out services in 700 cities

Shopsy would leverage Flipkart's grocery supply chain infrastructure and tech capabilities to provide consumers access to an expansive range of products to over 5,800 pincodes

Cash-flows are healthy, don't need funding: Grofers' Albinder Dhindsa

In a Q&A, the CEO and Co-Founder of the firm that has rebranded itself as Blinkit, dwells on the need for rechristening and the company's strategy going ahead

Amazon-backed More Retail considering IPO to raise up to $500 mn: Report

Witzig Advisory Services Pvt, owned by Amazon and Samara Capital Partners, acquired More Retail in 2019 from Kumar Mangalam Birla's Aditya Birla Group

Udaan eyes grocery market at $850 bn 2025, to focus on community e-commerce

India's largest business-to-business e-commerce firm launches app for entry into sector

Bigbasket forays into offline retail; unveils Fresho store in Bengaluru

The launch is part of the company's vision to open 200 physical outlets pan India by 2023 and 800 by 2026

The e-com debate in India

A thinking man's guide to the state of ecom in a nation of shopkeepers

North, south markets lead India's retail recovery, says survey

After a massive disruption during the second wave of Covid-19, retail activities in the country have started recovering steadily

Google-backed Dunzo launches 19-minute ultra-fast grocery delivery

Dunzo is offering its ultra-fast grocery delivery service Dunzo Daily in Bengaluru, through which it will deliver essentials in 19 minutes

Stellar Value Chain to invest Rs 200 cr in e-grocery supply chain in FY22

Stellar Value Chain plans to invest Rs 200 crore for setting up 25 fulfilment and sort centres pan-India to boost its e-grocery supply chain offerings this fiscal

Flipkart to add 8 lakh sq ft warehousing space for grocery infrastructure

Walmart-owned Flipkart said it plans to expand its fulfilment centre capacity for grocery by more than 8 lakh sq ft over the next three months across Delhi, Kolkata and other cities

Tata set to enter e-grocery with competition panel approval on Bigbasket

Company to acquire 64.3 per cent stake in Supermarket Grocery

Home cooking, booze demand fire up global grocery sales in 2020: Report

The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under Covid-19 restrictions cooked, baked and drank more

Kirana comes full circle

Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we've come full circle on grocery

Retailers push the discount pedal on R-Day, offer rebates of up to 60%

Most categories looking to capitalise on out-of-home momentum

Udaan plans to grab 10-15% of overall B2B retail market in the next 7 years

The B2B market (excluding industrial goods) stands at $780 billion and on an annualised basis, Udaan has already clocked up $2.4 billion in gross merchandising value

Overall sales now trending very close to usual times, says D-Mart

Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times

D-Mart's third qtr profit jumps 16.4% to Rs 447 crore; revenue up about 11%

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported an increase of 16.39 per cent in its consolidated net profit at Rs 446.95 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 384.01 crore in the October-December quarter a year ago, Avenue Supermarts said in a BSE filing. Its revenue from operations was up 10.77 per cent at Rs 7,542 crore during the quarter under review as against Rs 6,808.93 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 6,977.88 crore as against Rs 6,325.03 crore, up 10.32 per cent. While on the standalone basis, Avenue Supermarts' net profit was up 19.27 per cent at Rs 470.25 crore as against Rs 394.26 crore of the Q3/FY 2019-20. Its standalone revenue during the quarter was at Rs 7,432.69 crore. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said there is further improvement in company's business and