The Ministry of Rural Development has signed a memorandum of understanding with Reliance Retail business JioMart to empower rural artisans by working with Self Help Groups.

Binny Bansal, co-founder of e-commerce giant Flipkart, has launched a new e-commerce startup named OppDoor to bring up-and-coming online brands to global audiences.

Retail chain D-Mart operator Avenue Supermarts reported a 17.18% year-on-year increase in its standalone revenue in the third quarter of the 2024 financial year.

A number of e-commerce platform Meesho’s early investors are looking to divest their stakes in the business and talks are underway for transactions at a value of between $3 billion and $3.5 billon.

In just one year, AI has become a priority for the fashion and luxury industries. FashionNetwork.com takes a look at how it is being used in the sector, particularly how it has impacted the creative and marketing fields.

Interior solutions business HomeLane has opened two new stores for its accessories, home textiles, and homeware brand Doowup in Hyderabad to cater to the urban centre’s shoppers.  

Ambience Group has seen positive year-on-year growth compared to 2019 in terms of sales in its malls and aims to continue to bring international brands to India.  

E-commerce platform Meesho reported that 80% of its orders came from Tier 2 markets and beyond in the 2023 calendar year and beauty, personal care, and home décor proved popular product categories.

Home goods, accessories, and furniture business Pepperfry reported that its operating revenue increased by 10% year-on-year in the 2023 financial year and net losses dropped marginally.

Nestroots, a leading home decor and lifestyle brand has raised Rs 3 crore ($3,60,312) in a pre-seed funding round led by Beyond Seed Singapore. Arjun Vaidya also participated in the funding round.

In a deal that’s not exactly a surprise, Frasers Group has made another key purchase. This time it’s Matches, the luxury e-tailer that was sold less than a decade ago for hundreds of millions of pounds. And the price now? £52 million.

Fashion, home, and lifestyle brand Jaypore has opened its 25th brick-and-mortar store in India to date in Mumbai’s Oberoi Mall. 

Luxury furniture and lifestyle brand Stanley Lifestyles has opened its first brick-and-mortar store in Gurgaon in the city’s Sultanpur district measuring 22,000 square feet.

Lifestyle, accessories, and home décor brand Chumbak has launched its renewed store in New Delhi's Haus Khas neighbourhood. 

E-commerce platform Meesho has onboarded 25,000 new sellers who are not registered for goods and service tax since the GST Council allowed the practice in October this year.  

H&M Group issued an update on Friday and while it covered both the fourth quarter and full year, it was (as is usual for the Swedish fashion retail giant) very Scandi-minimalist.