Indian sportswear brand Alcis Sports is expecting its revenue to jump to Rs 28 crore (approx $ 4.3 million) for the current financial year and plans to expand its physical network by opening exclusive brand outlets.
A digital revolution is reshaping India’s $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.
Amazon’s India marketplace has witnessed a steep rise in its seller base over the years and now reached 3 lakh in less than 5 years with over 30 thousand new merchants joining the platform in the New Year.
Paytm’s parent firm One97 Communications has a new board member in Pallavi Shroff. The company is banking on the managing partner at law firm Shardul Amarchand Mangaldas to drive the next phase of growth.
A unit of China’s Alibaba has invested $146 million in Indian online grocer BigBasket, strengthening its position in the country’s online retail space and potentially posing a challenge to U.S. rival Amazon.com.