To strengthen its offline presence, online retailer Lenskart will set up 100 retail stores across the country over the next two years. Lenskart currently has 250 outlets across the country. Lenskart, which offers prescription-based and fashion eyewear, currently has seven stores in places like Chandigarh, Pune, Agartala and Goa under the franchise model. With a […]
E-commerce menswear company Bonobos is speaking to investors about raising $100 million in a new round of funding that would value the company roughly at half a billion dollars, according to people familiar with the matter. Bonobos is using the new funds to expand its retail footprint, highlighting the crossover that e-commerce companies are making […]
Facebook Inc’s Instagram said that it will start tests next week on a new shopping feature through which users can buy products from US-based retailers via the photo-sharing app. Retailers will be able to showcase up to five products in a Instagram post, and clicking on the various tags will give users a lot more […]
How many times it has happened to you that you get all buckled up and walk into a showroom to purchase an item that you’ve researched all along, and the day you finally reach the showroom, it goes out of stock! People are now smarter than they were some years ago. They research for every […]
(Pic Source: Gaurav Munjal, Unacademy co-founder Facebook profile) India is the only country where there are different policies for different segments of the retail business and e-commerce. Logically, there should be one policy, said Amitabh Kant, CEO, NITI Aayog, while interacting with CEOs at the Valedictory Session of the sixth edition of Massmerize 2016, FICCI’s […]
Retailers offering customers an option to buy products online earn more revenue than those who only sell their goods offline, according to a new study. The study suggests that customers spend more online because it is easier to locate items through the search function. Junzhao Ma, a lecturer at Monash University in Australia studied how […]
US technology giant Apple Inc will have to re-submit its application for opening single brand retail trade stores in the country and issues concerning “cutting edge” technology will be settled by the concerned administrative ministry, an official said. In light of the changes in the FDI policy announced yesterday, the official said, Apple will have […]
Appie Mobiquity Pvt. Ltd, a Mumbai-based offline retail discovery platform raised $1 million funding (around Rs 6.7 crore) from a Mumbai-based angel investor and two European investors. “We plan to add 10,000 retailers across three cities and expand user base to half a million in the first year,” Kartik Sanghavi, founder of Appie said. As […]
NearU App, an Online to Offline (O2O) App Signs up 6000 Retailers in 6 Months Including Marquee Brands, Empowering Them to Push Deals to Their Target Customers, Anytime, Anywhere. The Indian Retail Industry today comprises of 7.5% organized retail, 92% unorganized retail and a meager 0.50% of e-tail. This clearly reflects the scope of tapping […]
Online beauty retailer Nykaa.com today said it plans to raise Rs 60-100 crores for marketing and setting up warehouses even as it focuses on opening more retail outlets to deepen its footprint. “We plan to raise another Rs 60 to Rs 100 crore from private sources…majority of investment will be into marketing to build the […]
New Delhi: In the latest, Kishore Biyani, Future group chairman stepped down from the position of Managing Director of Future Retail. The decision is part of the realignment strategy of the group’s business. The resignations would be effective from May 1, 2016, Future Retail said in a BSE filing. ALSO READ: Kishore Biyani Acquires FabFurnish.com; Eyes […]
With over more than 42% of medicines floating in the Indian market being fake, the counterfeit drug market is growing at an alarming rate. The problems of authenticity and availability have been the weakness in the drug supply chain. CareOnGo, with an aim of creating an online platform of trusted chain of pharmacies offering medical […]