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FMCG WHOLESALE STARTUP
HUL takes direct-to-Kiranas distribution routeHindustan Unilever is streamlining its distribution process by directly supplying products to kirana stores in Mumbai, with the aim to redu...- Exclusive: Reliance JioMart fires 1,000, a bigger layoff round likelyThis is part of a larger cost-cutting measure over the next few weeks which will include reducing the 15,000 workforce in the wholesale div...
- ETtech Deals Digest: funding winter continues to chill startupsHere is a list of startups that got funded this week.
- B2B FMCG wholesale startup ApnaKlub raises $16 million in fundingTrueScale Capital, ICMG Partners lead round. ApnaKlub will use the money to improve its technology and sell its services to more kirana sto...
- B2B platform ApnaKlub raises $10 million funding led by Tiger GlobalThe startup plans to use the funds for its foray into the credit and supply-chain financing segment and will cater to kiranas and wholesale...
- View: Adapt to the new kirana zamanaIn the last few years, kiranas have been very agile to adapt to the new digital, B2C tech-enabled world. These stores now have the convenie...
- B2B payments fintech Rupifi raises $25 million funding led by Tiger, BessemerThe company now plans to use the proceeds from the fundraise to build the complete B2B checkout product for marketplaces as well as launch ...
- Jumbotail raises $85 million Series C roundThe funding was led by Artal Asia Pte. Ltd., an affiliate of Invus, a global equity investment firm with over $10 billion of evergreen capi...
- Direct to retail app based ordering by kiranas surged post covidMost companies including Hindustan Unilever, ITC and Marico launched their internal ordering app and have since onboarded millions of mom-a...
- Amul, Parle, others stop direct supply to B2B startup UdaanLast week, Udaan filed a complaint with the Competition Commission of India (CCI) against Parle Products, alleging that the company was "ab...
- Sequoia startup accelerator picks 13 Indian firms for fifth batchSequoia's Surge startup accelerator has made early-stage investment space very competitive for Indian funds such as Blume Ventures, India Q...
- Kirana revival a key pivot in distribution chain of FMCG, say industry executivesApart from investment in eCommerce due to surge in online shopping amid the pandemic, FMCG companies are extending support and chasing the ...
- Kirana revival one of the key pivots in distribution chain of FMCG firms: Industry executivesTop industry executives said that apart from investment in ecommerce due to surge in online shopping amid the pandemic, FMCG companies are ...
- Meesho, Shopclues, NoBroker, others enter online grocery space for survivalThe foray into grocery and delivery of essentials have also been pushed by local governments and allows these businesses to get curfew pass...
- Flipkart’s wholesale unit may go live next quarterFlipkart has over the last few months ramped up its supply chain capabilities and engagements with manufacturers in the run-up to the launc...
- Swiggy, Dunzo open doors to dark stores to go hyperlocalSwiggy and Dunzo have tied up with wholesalers for the first, while they have teamed up with Jumbotail for the second.
- Udaan to raise $500 million, valuation may climb 2x to $2.2 billionRound may see new investors like Hillhouse, Altimeter along with existing backers.
- Emami reports 27% drop in profit for March quarterFMCG firm’s revenue went up by 12% to Rs 616.98 crore including the GST and VAT components.
- Note ban proves a big gain for wholesalers Metro Cash, WalmartTraditional retailers continue to act as the most critical channel for Metro, which has been convincing local grocers to use their big-form...
- BigBasket looks to scale B2B business with SnapBizz partnershipBigBasket cofounder Abhinay Choudhari said, while B2B constitutes 17-18% of the company's total business, it is expected to grow to 25% in ...
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