Future- MaxWholesale partnership to target grocery stores

Future Consumer has joined hands with MaxWholesale for the larger penetration of the humumgous grocery stores market Delhi/ NCR. Future Consumer is India’s first sourcing-to-supermarket food vertical under the Future Group umbrella. MaxWholesale is a new age e-wholesale platform disrupting using the efficiencies of its proprietary digital platform. As a part of the agreement, MaxWholesale will make its technology platform available to Future Consumer and enable distribution of the staples assortment of Future Consumer’s products to the neighbourhood grocery stores. The product assortment includes daily use commodity items like pulses,…

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Jabong reports brisk business during its Big Brand Sale

Jabong concluded the 4th edition of its Big Brand Sale (BBS) on a high note recently with the platform receiving over two million orders during the four day sales period – 27th-30th July. Commenting on the success of BBS, Ananth Narayanan, CEO, Myntra-Jabong said, “The 4th edition of BBS has been the biggest and most exciting ever for us.  We witnessed a whopping growth of 150% yoy with over 2 lakh new customers and 5 lakh loyal Jabong customers ordering 2 million products over 4 days. For the first time ever, we recorded 1500…

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Walmart India opens its second fulfillment center

Walmart India, the wholly owned subsidiary of Walmart Inc., early this week unveiled its first business-to-business (B2B) Fulfilment Centre (FC) in Uttar Pradesh. This is the second FC of the global retail giant in the country with the debut center opened in November 2017 in Bhiwandi, Mumbai and it clearly reflects company’s intent to expand its wholesale business in the country. The new FC set up in Sarojini Nagar of Lucknow district will cater to the business needs of small businesses such as kiranas/resellers, offices & institutions (O&I) and hotels,…

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Anarock projects a rapid surge in malls volume

Despite the online onslaught and the e-commerce business in the country moving to a new orbit, real estate consultants Anarock has projected a rapid rise in the number of shopping malls across the country. In a recent report, the agency has underlined the possibility of 85 new shopping malls coming up in different parts of the country in the next five years. “There is so much talk of the death of brick-and-mortar retail as a consequence of the aggressive advent of e-commerce into the country, when the fact is that shopping malls…

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First Khadi Mall to come up in Jharkhand

Country’s first mall dedicated to Khadi products would be set up in Ranchi. This was announced by Jharkhand Chief Minister Raghubar Das recently. “Within 15 days, land in the Heavy Engineering Corporation (HEC) campus will be made available to the Khadi Board to develop the country’s first Khadi mall,” he said while addressing the ‘Karigar Panchayat’ organized by the Khadi Board at the Tana Bhagat Indoor Stadium recently. Speaking on the occasion, the state chief minister emphasized that promoting handicrafts is one of the key priorities of the government and the decision…

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Volume of online shoppers to surpass 120 million

The growth momentum in online shopping in the country will go unabated in 2018. According to a recently released report by an industry body, the volume of online shoppers will shoot beyond 120 million during the course of the year. As per an ASSOCHAM-Resurgent joint study, online shopping is expected to clock annualised growth of 115 percent this year, aided by fast-increasing data consumption and improvement in logistics, along with a number of offers presented by e-commerce platforms. In the previous year, the study noted that as many as 108 million consumers did…

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Aahaa Stores raises $2 million in fresh funding round

Online office or corporate supply store, Aahaa Stores, has reported fresh equity infusion. In the fresh funding round, the company has managed to generate $2 million from global investment Group Calega, based in the UAE. The platform went live in early 2013 and today it claims to be one of the fastest growing B2B eCommerce startups in India serving top notch clients including IndusInd bank, Tata AIG, TCS, Wipro, Reliance Nippon, ITC Hotels, Oyo, Uber, Yes Bank, Equitas, Ashok Leyland, Bosch, Eicher, RBL, HDB Financial, Syntel, HGS, Kone, Tata Capital…

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Myntra reports brisk business at end of reason sale

The 8th edition of Myntra’s flagship End of Reason Sale (22nd-25th June), got off to a flying start, with Myntra clocking 10 crores in the first 10 minutes of the sale. 8.75 lakh items were purchased by 2.1 lakh users through VIP slots, during the 4 hour shopping window before the sale opened to the public. In a press release, the company claimed setting a new record by registering 1.3 million sessions in the very first hour of the sale with 1.5 lakh orders. The company has over 7 lakh orders…

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CEVA appoints new global eCommerce business head

Global logistics major CEVA has announced appointing Niels Weithe to the newly created position of Global head of eCommerce.   He will be based in Germany and will report directly to Chief Operating Officer of Contract Logistics, Brett Bissell. Neils  joins CEVA from Arvato where he was President of its consumer products division and led the team which built up Europe’s leading eCommerce service company.  He will assist CEVA in expanding its B2C solution based on its strong and established global network. “Niels’ knowledge and expertise in this field will enable…

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Aggressive multi-billion logistics push from Alibaba

Chinese e-commerce giant Alibaba has decided a massive over 100 billion yuan investment push to develop a smart logistics network. The initiative is aimed at significantly lowering the delivery time both within China and other parts of the world. This was revealed by Alibaba Group Chairman Jack Ma at Global Smart Logistics Summit in Hangzhou, China last week. “ This network is not only national but global. This is what we will work closely with our partners to achieve and bring benefits to all,” Ma said. Later, in a press…

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