Startup management business Soch Group has launched women’s workwear label Not So Pink. The brand is backed by an investment of Rs 4 crore ($601,000) and retails garments tailored to fit Indian body types and sizes.
Multi-brand fashion marketplace Vasaas has onboarded over 400 Indian clothing and accessories brands in its first six months and has reached a gross merchandise value of $300,000 (Rs 2.2 crore) in the same timeframe.
Digital payments and e-commerce business Paytm will create a new subsidiary named Paytm Payments Services Limited to run its payment aggregator business to follow a directive by the Reserve Bank of India.
On August 31, Amazon India announced that it is enhancing its Delivery Service Partner programme and will provide its technology, logistics, and hiring partners with greater support and other features.
The Italian luxury label’s H1 net revenue amounted to €313.8 million, up 7.7% at current exchange rates over June 2019. Revenue is set to grow by around 20% in the current year, and will rise by 10% in 2022.
The Confederation of All India Traders criticised the Indian government's think tank Niti Aayog for allegedly interfering in the government’s upcoming e-commerce retail regulations and lack of support for Indian traders.
Bata India Ltd managed to narrow its consolidated net loss to Rs 69 crore ($9.4 million) for the first quarter ended June 30, 2021, as against a net loss of Rs 101 crore it reported in the year-ago period.