Firstpost New Delhi, 18 October 2016 Online festival sales and the big billion day sales are presumably happy times for customers going by the units sold claims by online market places. However, they are creating much heartburn for some of the white good manufacturers whose products are being sold at prices below what they are being sold at the company showrooms or at the retailer’s end. The combined sales of all the three e-commerce entities in the recently concluded five day big billion day sale spectacle was pegged at around Rs 6,500 crore, up 20 percent over the previous year,…
Rashmi Pratap, The Hindu Businessline Mumbai, 17 October 2016 When Neeraj Kakkar and his team at Paper Boat decided to launch Kanji, a tangy probiotic drink popular in Punjab and Uttar Pradesh, they were surprised to find that the original recipe had been modified due to unavailability of the key ingredient: purple carrot.With orange and red carrots having taken the Indian market by storm, farmers had virtually stopped cultivating the variety needed to make Kanji. And the substitute was a combination of orange carrots and beetroot.After an intensive search across geographies, they learnt that purple carrots were being cultivated in…
Madhav Chanchani, The Economic Times Bengaluru, 17 October 2016 FirstCry founder Supam Maheshwari is one of the only entrepreneurs in the online-retail space who was also running a business during the 1999 2000 dotcom bubble, which has perhaps helped him chart a different course from his peers. His company started adding offline stores in 2012 when omni-channel was not the buzzword, FirstCry is based out of Pune and not startup hotspots of Bengaluru or Delhi, and he has also been able to spin off a logistics business. And on Saturday , Maheshwari pulled off a unique transaction where his company…
P. Karunya Rao of Zee Business in conversation with Devangshu Dutta, Chief Executive, Third Eyesight and Narayan Devanathan, Group Executive & Strategy Officer, Dentsu India, about festive discounts, the evolution of ecommerce and retail business in India.
Promit Mukherjee and Supantha Mukherjee, Reuters/Yahoo Mumbai, 4 October 2016 India's two largest e-commerce players are looking to use the country's biggest festive sales season this week to bolster their valuations as they seek fresh capital and look to fend off Amazon's growing inroads into the domestic market.For India's Flipkart and Snapdeal, strong sales during India's equivalent of the U.S. Black Friday sales could give both companies some leverage in their current push for investment.With private equity money flows drying up and Amazon.com pledging $5 billion investment to gain ground in India, local e-commerce vendors will be looking to use…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
