India news and analysis

05 February 2018
Alibaba Group is leading a US$300m investment into BigBasket India's top online grocer, heating up the battle among grocery ecommerce players in India. Further expansion Besides Alibaba, existing investors UH Equity, Abraaj Group and Bessemer Venture Partners participated in the latest round. BigBasket will deploy the funds into building farmer networks, warehouses and delivery infrastructu...
31 January 2018
Walmart may acquire a 15 to 20 percent stake in Flipkart, which would give the latter a boost for its fight against Amazon in India. 15-20 percent stake in Flipkart It was reported that Walmart is in advanced talks to acquire a 15 to 20 percent stake in leading Indian ecommerce marketplace Flipkart. The news came after Doug McMillon, the Chief executive officer of Walmart led a delegation t...
29 January 2018
SPAR opened its 19th store in India on 25th January. The new store offers an interactive experience through the use of technology. Strong marketing campaign at launch The 5,100 sqm store in Vega City has over 50,000 products and 25 checkout counters. To generate awareness for the launch, the retailer launched an integrated campaign targeting those who live in the city. Five lucky winners wh...
26 January 2018
Amazon to more than double number of products available in Indian market. Expansion of product range makes service more attractive Encouraged by the initial success of the Prime program, Amazon has announced plans to offer more than 25 million products via the service, up from 11 million products previously.  The retailer will also expand its video services to include more locally produced ...
22 January 2018
Thailand’s CP Group is planning to invest US$156m over the next five years to open a total of 15 outlets. A new banner created for India Charoen Pokphand Group (CP Group), through its retail subsidiary Siam Makro PCL, has announced its entry into the wholesale cash and carry business in India. It will create a new banner called Lots Wholesale Solutions for launch into this market. The in...
09 January 2018
After receiving government approval to invest $500 million in a wholly owned subsidiary in India, Amazon is preparing to start selling locally made food from March. Selling local food only  Amazon won approval in July to invest US$500m in India over the next five years to sell third-party and its own private-label food products, sourced and packaged locally, both online and through bricks a...
07 December 2017
Amazon India filed a revenue of 31.3bn INR(US$465m) compared to 22.2bn INR (US$344m) in the previous year, citing differences in growth due to one-time charges. Excluding these charges, its revenue rose 105% in the year ending 31 Mar 2017. Heavy investments for expansion Amazon India is spending heavily on discounts, marketing support and logistics to fund its competition against local riva...
05 December 2017
After a few years of maintenance, Walmart is ready to open new stores next year, with 20 new locations across India. Work started on some of the sites The company operates 21 Best Price wholesale stores in nine states, and about five to seven new stores will be ready next year. The long term plan is to expand the network to 70 stores by 2022. President and CEO Krish Iyer said about the grou...
24 November 2017
Following Future Group's earlier announcement of its new retail model , the group has now shared that it will expand its network of EasyDay stores. It has also unveiled a 30-year vision of becoming Asia's largest integrated consumer group. More details on Retail 3.0 The group will open 10,000 EasyDay stores by 2022 (up from about 700 currently). These will be members-only stores, with 3,50...
17 November 2017
China's ecommerce leader Alibaba has sought approval from the Competition Commission of India to acquire a stake in the country's top online grocer Big Basket. Grocery seen as the next big opportunity for online players Amazon has received approval to sell food products in India, which may include developing private label food products for the business. It is planning a US$500m investment i...