June 2024 – Page 5 – East India Retail

Flipkart’s Grocery Biz Logs 1.6X YoY Growth, EVs Carried Out Over 50% Deliveries

Ecommerce major Flipkart has clocked 1.6X year-on-year (YoY) growth in its grocery business in FY24, with more than half of deliveries being carried out using electric vehicles. As per the company, Flipkart Grocery saw maximum sales of daily essentials like oil, ghee and atta, and FMCG products like tea, coffee, detergents and personal care. Besides, the ecommerce …

Flipkart’s Grocery Biz Logs 1.6X YoY Growth, EVs Carried Out Over 50% Deliveries Read More »

PVR Inox’s food and beverage revenue outpaced ticket sale in FY24

Retail / By eastindia_retail

Theatre chain PVR Inox experienced significant financial gains primarily through its food and beverage (F&B) business during the financial year 2023-2024.The growth rate of the F&B sector surpassed that of box office ticket sales. The revenue from the F&B business surged 21 per cent during FY24, while movie ticket sales saw a 19 per cent …

PVR Inox’s food and beverage revenue outpaced ticket sale in FY24 Read More »

Athleisure market in India booming with growing demand for comfort, style and fitness wear

Fashion / By eastindia_retail

The global athleisure market is booming, and India is a key player in this growth story. With a projected CAGR of 5.2 per cent, the Indian athleisure market is estimated to reach Rs 24,800 crore ($3.2 billion) by 2032,as per a new report by Allied Market Research. This growth is driven by several factors, including …

Athleisure market in India booming with growing demand for comfort, style and fitness wear Read More »

Rare Rabbit Sets a New Benchmark with Nikhil Kamath

Fashion / By eastindia_retail

Rare Rabbit, a new-age men’s apparel and fashion brand is set to close its first-ever institutional funding round of Rs 500 crore. This significant investment round is led by A91 Partners, with notable contributions from Ravi Modi of Manyavar and Nikhil Kamath, co-founder of Zerodha. According to The Economic Times, this round marks a pivotal …

Rare Rabbit Sets a New Benchmark with Nikhil Kamath Read More »

PhonePe launches cross-border UPI payments in Sri Lanka

Retail / By eastindia_retail

At the arrival of Bandaranaike International Airport in Colombo, Indian tourists can be spotted in large groups making their way into the city. After facing its worst economic crisis two years ago, business seems to be picking up in Sri Lanka. The country has also become a new hotspot for Indian travellers and has emerged …

PhonePe launches cross-border UPI payments in Sri Lanka Read More »

BSNL Launches Indigenous 4G Site in Kolkata

Retail / By eastindia_retail

Bharat Sanchar Nigam Limited (BSNL) has launched an indigenous 4G site in Ballygunge Telephone Exchange in Kolkata. In the coming weeks and months, the whole of Bengal is set to be covered with BSNL’s indigenous 4G network. The state-run telecom operator has been conducting trials in Punjab to test the capability of the homegrown technology. The …

BSNL Launches Indigenous 4G Site in Kolkata Read More »

Groww shifts headquarters back from US to India

Retail / By eastindia_retail

Groww, like PhonePe before it, has chosen India as its new headquarters, marking the second major start-up to do so. Initially established in the US eight years ago with the backing of Y Combinator, Groww heeded the advice of its accelerator to improve fundraising prospects. However, the company’s plans have shifted over time, now aiming …

Groww shifts headquarters back from US to India Read More »

Month: June 2024