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GROCERY INDUSTRY
Meet Gunnar Lovelace, who faced rejection from 50 venture capital firms, kept building Thrive Market, raised over $160 millionLovelace and Green faced doubts about whether they could compete in the grocery industry. Lovelace had earlier said that investors question...- Canadians could claim up to $10,000 under Carney’s heat pump rebate: Check date, who qualifies and when applications openCanadian Prime Minister Mark Carney has announced a $2 billion national heat pump rebate program aimed at helping Canadians lower home ener...
- Food firms scramble for experienced safety professionals as demand soarsIndia's food industry is currently experiencing a significant shortage of experienced food-safety professionals. Employers have reported a ...
- Flipkart alumni seek Esop buyout; Local sourcing for ISM 2.0Former Flipkart executives are seeking a full cash-out of vested Esops. This and more in today’s ETtech Top 5.
- Magic Johnson quietly built 105 Starbucks stores in underserved urban neighborhoods; in 2010, he sold his stake back to Starbucks in a deal reported at about $75 millionIn 1998, Starbucks teamed up with basketball legend Magic Johnson to establish coffee shops in urban neighborhoods lacking access to qualit...
- India's quick commerce market poised for seven-fold growth to USD 90 billion by FY31: ReportIndia's quick commerce market is projected to grow significantly, reaching USD 90 billion by FY2031. This growth is driven by increased pen...
- ET Exclusive: Flipkart’s former suites write to Walmart board, seek fair treatment and full cash out of vested ESOPsA group of former senior Flipkart executives has urged Walmart to buy back their vested stock options. This request comes after the company...
- Rs 25,000 rent, Rs 78,500 monthly expenses: Bengaluru woman reveals why it’s difficult to be ‘financially responsible’ in the cityMany young professionals relocate to metro cities for job opportunities while facing high living costs. Recently, Bengaluru woman Priya sha...
- Tax-exempt diesel expanded for wider access as Donald Trump signs special executive order in Nebraska. How will it benefit Americans?Diesel price in USA: G7 countries announced last week that they would release 100 million barrels of diesel, after pressure from US Presid...
- UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital creditIndustry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while finte...
- Finnish town braces for change from Google data centresIn the northern Finnish town of Muhos, 36-year-old farmer Joni Pitkanen is preparing for life with a new neighbour -- just kilometers away,...
- Price hikes unlikely to cost brands this festive seasonYet analysts expect demand to remain resilient in impulse-led categories and for purchases linked to the multiple occasions that now make u...
- IT fresher hiring rebounds; Agrani's Rs 800 crore raiseHappy Friday! After nearly two years of subdued fresher intake, hiring is picking up across the technology and IT industry. This and more i...
- In 2024, an Australian couple pivoted their meal-planning startup; 2 years later, revenue jumped from $1.2 million to $3.5 millionThe idea for Appetise took shape during the pandemic. Toby Hilliam was already familiar with the startup world. In 2019, he founded Mutu, a...
- Aamir Qutub applied for 300 jobs in Australia without an interview and worked as airport cleaner; then started a business with $2,000 from a garage that became a million-dollar firmAamir Qutub moved to Australia for an MBA and struggled to find work, applying for 300 jobs before landing opportunities as an airport clea...
- Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll showsA recent survey reveals that a rising number of Americans are unhappy with how Trump is managing the economy and increasing prices. Citizen...
- Couple started packaging business with Sh250,000 in Kenya - here’s how it reached Sh300 million in revenue and listed on NSENirmal Chaudhary and Sonvir Singh founded Shri Krishana Overseas in 2013 with a capital of Sh250,000. The business quickly grew due to dema...
- Buoyant Q2 demand for consumer goods lifts festive sales outlookConsumer demand in India saw significant growth during the July-September quarter, particularly in appliances and FMCGs. Sales of air condi...
- Prosus in talks to invest Rs 150 crore in Swiggy Instamart challenger BazaarNowBazaarNow, founded by former Zepto executives Priyanshu Jain, Arjun Harish and Tarithmay Mandal, sells groceries and daily essentials, focu...
- In 1937, Oklahoma grocer Sylvan Goldman introduced the first shopping cart after noticing customers bought only what they could carry; it changed supermarket shoppingSylvan Goldman invented the shopping cart in the 1930s to help customers carry more items in stores. Initial reactions were negative, as wo...
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