In a significant move, Amazon has fully exited its investment in Shoppers Stop, one of India’s most well-known retail chains. The global e-commerce giant has sold its 4% stake in the company for approximately Rs 276 crore, marking the end of a five-year-long partnership. This move highlights the changing dynamics of India’s retail market and raises questions about Amazon’s future strategies…
Blinkit is shaking up the fashion e-commerce landscape with its new 10-minute return and exchange service for clothing and footwear, now available in key Indian cities like Mumbai, Bangalore, Hyderabad, and Pune. This innovative approach addresses common concerns about online shopping, such as fit and size issues, giving Blinkit a competitive edge against major players like Myntra and…
Swiggy has transformed the food delivery landscape in India, challenging norms and setting new standards in the industry. From its humble beginnings to becoming a household name, let’s explore how this food delivery giant has made its mark!
What is Swiggy?
Swiggy Limited, originally known as Bundl Technologies, has become a key player in India’s food delivery sector. Founded in 2014 in…
Pizza Hut, part of US-based Yum! Brands, has announced Rohan Pewekar as the new Managing Director for the Indian Subcontinent, succeeding Merrill Pereyra. Based in Gurgaon, Pewekar will oversee the brand’s operations across India, Nepal, Bangladesh, Sri Lanka, and the Maldives, driving the next phase of expansion.
An alumnus of IIM Calcutta and The Wharton School, Pewekar has spent over four…
Tupperware Brands, the iconic home product manufacturer, has officially filed for Chapter 11 bankruptcy protection, marking a significant turn in the company’s history. Once a staple in American households, Tupperware is now struggling to adapt in a rapidly changing market. Here are three reasons contributing to the brand’s downturn.
1. Failure to Evolve
Tupperware’s inability to adapt to…
Mumbai-based Infra.Market, a prominent player in the construction materials and services sector, is preparing for a substantial initial public offering (IPO) that could raise between $500 million and $700 million. The company has shortlisted eight major investment banks to advise on this high-profile public listing, according to sources cited by Moneycontrol.
Key Details of the…
In a significant move to enhance the convenience and security of digital payments, Mastercard has announced a strategic partnership with boAt, a prominent player in the Indian wearables market. This collaboration will bring the tap-and-pay functionality to boAt’s payment-enabled smartwatches, allowing users to conduct secure transactions directly from their wrists.
Key Features of the…
Uber is set to relaunch its luxury ride-hailing service, Uber Black, in India, catering to the growing demand for premium experiences among Indian consumers. The revamped service is expected to begin rolling out in Mumbai within the next few weeks.
Initially introduced in India in 2013, Uber Black offered high-end vehicles such as Mercedes, BMW, and Audi. However, it was soon replaced by more…
Sachin Bansal’s fintech company, Navi, has experienced remarkable growth on the Unified Payments Interface (UPI) platform, nearly doubling its transaction volume in July. Data from the National Payments Corporation of India (NPCI) shows Navi processed 68.5 million transactions in July, a significant increase from 35.7 million in June and just 3 million in March, marking a 22-fold growth in four…
