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GROCERY FRANCHISE MODEL
Grocery delivery startup Apna Mart culls 10% of staff, moves base to GurugramApna Mart, an online grocery service, has reduced its workforce by 10%. This move is a result of integrating artificial intelligence into o...- Value retailer SuperK raises Rs 100 crore co-led by Binny Bansal, Mithun Sacheti; cricketer Shubman Gill joins as investorSuperK, an Andhra Pradesh-based budget retail chain, has secured Rs 100 crore in a Series B funding round. The investment, co-led by Binny ...
- Metavisio-Thomson to buy into New Shop after $150 million distribution dealMetavisio-Thomson's India unit is acquiring a minority stake in New Shop, a convenience retail chain. The deal, valued at $125-$150 million...
- The New Shop in advanced talks to acquire 24SevenFounded in 2019, The New Shop was negotiating to acquire the struggling 24Seven grocery chain from Godfrey Phillips India. The deal would r...
- 1K Kirana raises $25 million from Alpha Wave and others1K Kirana provides a technology platform to grocery stores in smaller towns and cities across India .
- BigBasket gets Rs 1,000 crore investment from its holding companyTata Digital owns an around 64% stake in Supermarket Grocery. Innovative Retail Concepts was made a subsidiary of Supermarket Grocery after...
- Amid a 10-min rush, BigBasket plans one-hour delivery with more products on offerThe service will be launched next month and will be powered through the company’s 62 large-scale dark stores, cofounder and chief executive...
- Dealshare turns unicorn after $165 million funding from Tiger Global, Alpha WaveTiger Global invested almost $40 million while Alpha Wave Ventures invested more than $31 million. After the funding, Tiger Global owns 11....
- Nafed to open 200 grocery stores named Nafed Bazar under franchise mode by March 2022The store was inaugurated by NAFED chairman Dr Bijender Singh along with Dr Chander Pal Singh, chairman, Krishak Bharti Limited (KRIBHCO). ...
- FMCG sales show signs of revival as Covid curbs easeSome shops have reopened and others have extended operating hours as curbs eased. Products being stocked at grocery stores have risen to 65...
- Mother Dairy to start direct deliveries under Safal; to follow hyper-local delivery modelMother Dairy expects to start direct deliveries of vegetables and fruits through its Safal retail franchise, beginning with Delhi-NCR by th...
- Reliance plans to rope in kirana stores as franchise partners for JioMartThe kiranas will source goods from Reliance or elsewhere, said two senior industry executives aware of the plans. In the case of products o...
- Reliance to expand JioMart to fashion, phones, electronics; bets on hyperlocal modelTwo senior industry executives said while Reliance Retail stores are currently fulfilling orders in JioMart, it will eventually have a hybr...
- B2B firm Ninjacart wants to sell to consumersNinjacart is looking to leverage the farmer and yield data collected to initiate farmer financing options.
- Kedaara, Partners confirm deal to buy Vishal Mega Mart from TPG, ShriramKedaara and Partners have agreed to buy Vishal Mega Mart (VMM) for about Rs 5,000-5,500 crore.
- AskMe Grocery goes gourmet to pep up salesThe company expects gourmet foods to account for about 10 per cent of its targetted Rs 1,800 crore GMV (worth of merchandise to be sold thr...
- AskMe Grocery targets Rs 1,800 crore GMV by MarchAskMe Grocery has a presence in 38 cities (as on February, 2016) and plans to expand to 45 more cities including some tier-II towns, in the...
- Shopkirana raises funds from former top executives of Samsung, Mondelez and Hola ChefShopKirana is a mobile application that can be used by retailers to order goods and pay cash at the time of delivery.
- Om Daily Needs plans 100 stationary martsAfter the successful launch of their two retail formats -- Daily Needs and Pratidin -- Om Daily Needs Pvt Ltd is now gearing up to launch a...
- Om Daily Needs plans 100 convenience storesDelhi-based convenience store chain Om Daily Needs Retailing Pvt Ltd plans to open about 100 convenience stores, under the brand name Prati...
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