E-commerce giant Flipkart is looking to raise upwards of $1 billion (Rs 6,652.75 crore) from a group of new investors ahead of its planned initial public offering and would use the funds for expansion.
Fast-moving consumer goods business Big Bazaar is on the cusp of launching a new marketing strategy as it seeks to compete against e-commerce giant Amazon and focus on its express delivery and local tie-ups.
Business-to-business digital supply service provider for textile and apparel brands Bizongo has generated positive cash flow for the past two financial quarters and has completed a $51 million funding round.
U.S.-based womenswear and accessories brand Tory Burch has opened its first exclusive brand outlet in India in luxury mall DLF Emporio in New Delhi, as the brand expands in the country with Reliance Brands Limited.
As Maharashtra’s government continues to impose restrictions in the state, e-commerce businesses including Nykaa and Reliance JioMart have announced that they are only delivering essential items once again.