The Food Safety and Standards Authority of India (FSSAI) has issued a directive to all ecommerce companies, urging them to refrain from labelling dairy-based, cereal-based, or malt-based beverages as ‘health drink’ or ‘energy drink’. This move comes in response to the absence of a defined classification for ‘health drink’ in the country’s food laws, and […]
A significant stride towards empowering agricultural communities, the Open Network for Digital Commerce (ONDC) platform has welcomed 5,630 farmers’ collectives across states, enabling them to sell a diverse range of agricultural produce. This initiative marks a pivotal shift towards digital empowerment and market access for small enterprises, presenting an alternative to global e-commerce giants like […]
Flipkart, India’s leading e-commerce platform, has entered into a memorandum of understanding (MoU) with the Foundation for Innovation and Technology Transfer (FITT), the industry interface organisation of the Indian Institute of Technology, Delhi (IIT-D). This collaboration marks a significant step in Flipkart’s ongoing efforts to strengthen its industry-academic partnerships. Under the MoU, Flipkart will extend […]
Harsh Chaudhary, former Chief Experience Officer (CXO) of monetisation at Meesho, the low-price e-commerce platform, has departed from the firm to join Flipkart, a direct competitor of Meesho. Chaudhary’s move follows his two-year tenure at Meesho and marks a significant addition to Flipkart’s leadership team. As per media reports, Chaudhary’s departure adds to a string […]
At a summit held in Mumbai last month, Sunil Kataria, CEO of Raymond Lifestyle, discussed Raymond’s strategic initiatives aimed at enhancing its appeal among younger demographics and bolstering its ready-to-wear category. Kataria emphasized Raymond’s strategic pivot towards casualization within the menswear segment, aiming to offer a diverse range of options to align with evolving consumer […]
French sports retailer Decathlon is intensifying its investments to bolster production and expand its retail footprint in India, which is deemed one of its “most significant” global markets, according to its Global CEO Barbara Martin Coppola, news agency PTI reported. Decathlon anticipates maintaining its robust growth trajectory in the Indian market, which is also emerging […]
E-commerce marketplace Flipkart, owned by US-based retail giant Walmart, has witnessed a substantial dip in valuation, plummeting by approximately USD 5 billion or around Rs 41,000 crore as of January 2024 compared to its value in January 2022. This decline is revealed through equity transactions executed by Walmart, Flipkart’s parent company. According to Walmart’s restructuring […]
The Open Network for Digital Commerce (ONDC), a government-backed initiative, has embarked on a pilot project to integrate street food vendors into its interoperable network, starting with Delhi and Lucknow. The initiative aims to accelerate the network’s expansion and promote digital inclusion among small-scale sellers. As per reports, the pilot project aims to onboard 500 […]
Retail technology firm Ace Turtle has launched khaki apparel brand Dockers in collaboration with ecommerce platform Myntra, it said in a press release on Tuesday. “Docker is a division of Levi Strauss & Co. and Ace Turtle is the licensee of Dockers in India,” read the release. “We are excited to expand our relationship with […]
Vishal Mega Mart is reportedly planning a USD 1 billion initial public offering (IPO) that would value the company at up to USD 5 billion. The IPO proceeds are intended to fund the addition of new stores, according to sources familiar with the matter as reported by Reuters. Switzerland’s Partners Group and India’s Kedaara Capital, […]
