With the grocery business in India being dominated by big names such as Flipkart, Walmart, Amazon and Grofers, as well as supermarket chains, smaller family-owned kirana stores are finding ways to stay relevant in this sector. The biggest advantage the kirana's have is proximity to the customer as well as...
Walmart Invests $500 Million to Add 47 Stores in India
Walmart Inc., plans to invest $500 million to roll out forty-seven wholesale stores in India by the end of 2022. Of the current twenty-three outlets, nineteen have already achieved break even status with over a million members. Walmart India offers approximately 5,000 items through its cash-and-carry wholesale format. In May...
eBay to Relaunch India Operations
After selling a minority stake in Flipkart Internet to Walmart for about $1.1 billion, San Jose, CA-based eBay Inc., plans to relaunch its own operations in India. eBay ended its "current strategic relationship" with Flipkart including unwinding commercial agreements with the company and terminating Flipkart's license to use the eBay.in...
Amway India to Enhance Online Sales
Direct selling firm Amway India plans to strengthen its digital infrastructure to benefit from India's fast-growing e-commerce sales. Amway India CEO Anshu Budhraja said that in the next five years, the company will invest up to five million, which will be used to ensure that the company's "website stays relevant,...
Walmart Acquires 77% Stake in India's Flipkart
Bentonville, AR-based Walmart has acquired a 77% stake in Bangalore-based e-commerce company Flipkart for $16 billion. Walmart and Flipkart will remain separate brands with the goal of transitioning Flipkart to a publicly-listed, majority-owned subsidiary in the future. "India is one of the most attractive retail markets in the world, given...
Global, Indian Companies to Boost Smartphone Adoption in India
Google and India's telecom company Bharti Airtel have partnered to launch low-cost 4G smartphones powered by Android Go, a trimmed down version of Android 8.1 Oreo, in India. Noida-based Lava International Limited and New Delhi-based Micromax, will make the first set of 4G handsets powered by Android Go. Vani Venkatesh, chief...