With the Government of India's approval to invest $500 million in its food retail business, Amazon India will soon commence its online grocery and food retail division. Amazon has almost doubled its authorized capital to $4.74 billion matching its earlier capital commitment of $5 billion made in June, 2016. The...
Amazon Considers Inorganic Growth in India
After buying Whole Foods in the United States, Amazon is targeting groceres in India. Bangalore, India-based BigBasket, a five-year-old e-grocer, has signed a 60 day exclusivity agreement with Amazon India during which time Amazon will conduct a due diligence on the company's assets with a view to acquisition Valued at...
India Contemplates Opening Up Food Retailing
Foreign food retailers may soon be allowed to sell personal care products made in India up to 25 percent of their total merchandise sales. India's Department of Industrial Policy and Promotion has for the first time endorsed this proposal. The idea behind the move is to encourage "organized" (mass market) retailers...
Online Grocery Market Grows in India
With incomes rising and Internet connections spreading across India's urban centers, an online food retail channel is developing with a mix of brick-and-mortar retailers (setting up e-commerce sites with offering home delivery) and with pure-play online grocers emerging. The latter category includes Bangalore-based BigBasket and Mumbai-based retailers LocalBanya and EkStop. All...