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GERMAN GROCERY DELIVERY
Supply-chain stress that peaked in covid heads higher againRising logistics costs and delivery times are pressuring central banks, with some indicators reaching multi-year highs, signaling potential...- Chinese ecommerce giant JD.com launches Joybuy in Europe, targeting AmazonJD.com wants to internationalise its business and last year agreed to buy German electronics retailer Ceconomy, owner of the MediaMarkt a...
- Amazon explores possible investment in delivery service Flink: ReportGerman grocery delivery startup Flink is reportedly seeking under €100 million ($117 million) in new funding to fuel its expansion. Potenti...
- EU hits food delivery company Delivery Hero with €329 million fineThe European Commission, which acts as the EU's competition watchdog, said the two companies admitted their involvement in the cartel and a...
- How DMart plans to take on the quick commerce rivalsAvenue Supermart, India's largest listed retailer by sales and market capitalization, announced that it will focus on discounting and lower...
- Birkenstock files for US IPO as listings recovery gains paceThe German sandal maker's IPO ambitions come hot on the heels of filings by British chipmaker Arm, data automation provider Klaviyo and gro...
- Swiggy shuts gourmet grocery delivery service HandpickedSwiggy sold premium, gourmet, imported and hard-to-get grocery products through Handpicked.
- Cred’s NBFC may raise $50-70 million; MapmyIndia CEO wants internet body IAMAI to reflect Indian voicesKunal Shah-owned Newtap Technologies, which acquired Parfait Finance, an RBI-registered NBFC, is in talks to raise equity capital from Cred...
- Grocery app Getir in talks to take over German rival Flink: ReportFlink is also in talks to raise funding of about $100 million from existing investors, for a valuation of more than $1 billion, the report ...
- Swiggy pilots premium grocery business with HandpickedUnlike its quick commerce business Instamart, the products listed on Handpicked will only be delivered the next day, and consumers can only...
- German groceries app Gorillas poised for job cuts in SpainGorillas, which was founded in 2020, currently employs several hundred people in Spain, where its local competitors include Getir and Glovo.
- Swiggy in talks to buy Metro AG’s India operation to accelerate quick commerce growthSuch a move would be aimed at taking forward Swiggy’s ambition of venturing further into ecommerce, expanding its business beyond mainstay ...
- German grocery app Gorillas to cut staff in search of profitBerlin-based Gorillas, founded in 2020, has tripled the size of its business since October when it raised 860 million euros ($921 million) ...
- DoorDash talks to invest in grocery startup GorillasThe San Francisco-based company was discussing investing $400 million in a deal that would have valued the startup at $2.5 billion.
- European stocks lower ahead of Powell speech, banks weighThe pan-European STOXX 600 index slipped 0.2 per cent by 0716 GMT, with banks and miners leading the losses.
- DMart's ecommerce unit doubles sales but loss widenes tooA year ago, its online business - DMart Ready - posted sales of Rs 144 crore with net loss of Rs 51 crore, according to the company's lates...
- E-commerce sales surge for food & grocery retailers in April-June quarterLeading brick-and-mortar chains such as Reliance Retail, Spencer's Retail, More, Nature's Basket, Tata-owned Star, Big Bazaar and Easy Day ...
- Covid-19 crisis is pushing big offline retailers onlineBig Bazaar said online or telephonic orders accounted for about 30% of the hypermarket’s sales, even as the bulk of sales continued to be t...
- DMart’s e-tail arm still in the red, but sales are growingDMart's online venture essentially has multiple delivery centres or pick-up points in catchment areas, where it has a store, so that custom...
- SoftBank may deliver fresh funds to GrofersSoftBank’s move to further invest in Grofers also puts on hold the on-again, off-again merger talks it has held with bigger rival, Alibaba-...
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