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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Swiggy IPO valuation at $11.2 billion

Swiggy had filed its draft prospectus with Sebi under the markets regulator’s confidential route in April and received an approval for it in September. Initially, Swiggy was set to raise Rs 3,750 crore in primary capital but secured an approval from its shareholders in October to increase the fresh issue component of the IPO. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/swiggy-ipo-valuation-at-11-2-billion-blackrock-cppib-sbi-mf-others-subscribe-to-anchor-book/114646886

ONDC introduces new subsidiary Nirmit Bharat with DigiHaat App to boost inclusive digital commerce

Open Network for Digital Commerce (ONDC) has launched a subsidiary, Nirmit Bharat, and its buyer app, DigiHaat, aimed at enhancing digital commerce accessibility for small businesses, farmers, and artisans. Currently in alpha testing, DigiHaat promises a seamless shopping experience, supporting ONDC's mission to democratize digital commerce and foster ecosystem innovation similar to the BHIM model. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/ondc-introduces-new-subsidiary-nirmit-bharat-with-digihaat-app-to-boost-inclusive-digital-commerce/114587226

Quick commerce is taking demand from neighbourhood stores: Nykaa's Falguni Nayar

Beauty is one of the fastest growing segments on quick commerce, but Nayar said her focus remains on enhancing speed across the country through her own network. "Quick commerce can cater to specific needs, but our focus remains on a more extensive network across the country, not just a few cities,” Falguni Nayar, founder and chief executive, Nykaa said. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/quick-commerce-is-taking-demand-from-neighbourhood-stores-nykaas-falguni-nayar/114584273

Blinkit unveils EMI option for items above Rs 2,999

“EMI options will be applicable on all orders above Rs 2,999 (except orders that contain gold and silver coins),” Blinkit chief executive Albinder Dhindsa wrote in a post on microblogging platform X. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/blinkit-unveils-emi-option-for-items-above-rs-2999/114566926

Made 'opposite party' in CCI probe without notice: Xiaomi

Xiaomi India has been named as an 'opposite party' in a CCI investigation on exclusive smartphone launches on platforms like Amazon and Flipkart without prior notice. The company is seeking access to the full report to better understand the allegations and prepare its defense. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/mobiles/made-opposite-party-in-cci-probe-without-notice-xiaomi/114527997

CCPA issues notices to quick commerce firms over disclosure violations

The Central Consumer Protection Authority (CCPA) has issued notices to quick commerce companies for not complying with product disclosure mandates under the Legal Metrology Act, giving them 15 days to respond. Companies must display key information such as price, expiration date, and manufacturer details on packaged goods. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/ccpa-issues-notices-to-quick-commerce-firms-over-disclosure-violations/114494260

Udaan eyes $100 million from UK’s M&G and others at flat value

Udaan has been scaling down operations to cut its burn in a tightening liquidity market. The company has now refined its strategy, concentrating on select categories and adopting a market cluster approach. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/udaan-eyes-100-million-from-uks-mg-and-others-at-flat-value/114488558

Govt in talks to sell Bharat Brand items via Reliance Retail

While there have previously been short-term arrangements with ecommerce firms including Reliance’s JioMart, Amazon and BigBasket to push Bharat brand products for price stabilisation, mostly during elections, this is the first time that the government is looking at a long-term arrangement with a private retailer to sell food products from its buffer stock at subsidised prices. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/govt-in-talks-to-sell-bharat-brand-items-via-reliance-retail/114445019

H&M India announces Helena Kuylenstierna as director

Helena Kuylenstierna is now the director for H&M India, based in Bangalore. With 24 years of experience at H&M, she aims to drive growth and profitability in India. Kuylenstierna plans to address local customer needs and maximize opportunities in the diverse market while continuing to offer elevated fashion collections. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/hm-india-announces-helena-kuylenstierna-as-hm-india-director/114428152

Urban stress continues to pull down growth for consumer goods firms

Consumer goods companies like Parle, Dabur, and Tata Consumer report a recovery in rural demand for essentials, contrasting with urban areas where food inflation is dampening growth. Despite some stability in rural growth, high prices of tea, coffee, wheat, and copra are causing stress in cities. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/urban-stress-continues-to-pull-down-growth-for-consumer-goods-firms/114410190