In a significant shake-up for Dunzo, the Reliance Retail-backed hyperlocal delivery platform, co-founder and CEO Kabeer Biswas is reportedly in talks to exit the company. After a tough year marked by financial struggles, stiff competition, and mounting operational challenges, the leadership change could signal a new phase for the company. Let’s dive into what’s going on and why this could be a…
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…
In the ever-evolving Indian fashion industry, competition is fierce, and only the strongest brands will endure. Akhilesh Prasad, a key leader at Reliance Retail, has shared insights into how the company navigates this challenging landscape under the guidance of Isha Ambani. With a diverse portfolio that spans groceries, electronics, beauty, footwear, food, jewelry, and lifestyle products, Reliance…
Warburg Pincus is in cutting edge converses with put Rs 1,500 crore in MedPlus, India’s second-biggest drug store retailer, for a critical minority stake when on the web and disconnected chains face combination with the passage of profound stashed organizations, for example, Reliance Retail, Tata and Amazon.
Numerous individuals mindful of the arrangement disclosed to ET that the cash, a blend…
