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...
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...
Sequoia Capital to Raise India-Focused VC fund
Global venture capital firm Sequoia Capital has formally registered a new investment vehicle Sequoia Capital India V with the U.S. capital market regulator Securities and Exchange Commission early this month to invest in India, reports VCCircle. The company expects its fundraising process will take more than a year. While it...