India news and analysis

20 June 2018
Metro AG in India has partnered with five firms to supply exclusive brands directly to kirana stores, which are small neighbourhood grocery stores. Increasing its focus on India India is one of Metro's 'focus expansion countries' and it saw strong growth in 2017. With an estimated 10-12 million kirana stores across India, they offer a large business opportunity and Metro currently sells pro...
19 June 2018
Tobacco company Godfrey Philips is growing its 24Seven convenience chain to 10,000 stores in five years. Expanding to new markets The company has almost 50 stores in Delhi at the moment and will treble its network to 170 stores by March next year. The first Mumbai store will open in April before rolling out to Bangalore, Kolkata and Pune in the West. Wider range Godfrey Philips opened...
12 June 2018
Future Group has said home deliveries of dairy products will start in two weeks. Orders made through a mobile app In conjunction with plans to launch 1,000 outlets under the Easyday, Nilgiris and Heritage banners, Future Group has announced its intent to enter the home delivery segment. As a first step, milk, bread and eggs will be made available for home deliveries in the major metro citie...
05 June 2018
Programme to modernise traditional kirana stores will be expanded. Building on the successful “Mera kirana” programme Walmart India, has announced its intention to scale up the “ Mera kirana ” (my neighbourhood store) programme, which started four years ago. The programme helps kirana stores modernise and currently accounts for nearly 70% of Walmart’s active customer base in India. The p...
30 May 2018
Plans to significantly expand store network as part of growth strategy. Small stores dotted across India India’s largest retailer, Future Group, has announced plans to expand its store network with the opening of 10,000 small stores across the country. Operating under the “Easyday” banner, these stores will be no more than 2,500 sq ft and will be based on a members-only format. The company ...
14 May 2018
Further consolidation in India grocery market seems likely. Largest listed retailer in India exploring options Future Group, led by CEO Mr. Kishore Biyani, is seeking collaborations and partnerships to enhance its market share. In a recent statement, Mr. Biyani said that India’s largest listed retailer may acquire an ecommerce platform or sell a minority stake to a “ strong global retailer ...
09 May 2018
Walmart has made its boldest move in India by acquiring an approximately 77% stake in Flipkart, the country's leading ecommerce operator, in a $16bn deal. What's going to happen? The world's largest grocery retailer has agreed to acquire an approximately 77% stake of Flipkart for US$16bn, which would make it the largest deal in India's ecommerce space. The remainder of the business will be ...
03 May 2018
Amazon, according to reports from CNBC, has made a formal offer to buy 60% of Flipkart, its biggest ecommerce rival in India. Amazon continuously investing in India Amazon has been investing in India to expand its product ranges and to ship goods to shoppers faster. It also reportedly offered to buy a 51% to 55% stake in Flipkart two years ago. A new battle with Walmart It was reporte...
03 May 2018
Revenues have more than doubled from previous year. Positive performance driven by increase in store network For the financial year that ended in March 2018, Reliance Retail has reported revenues of US$10.37bn, more than double from fiscal year 2016/7. It now has the honour of being the first retailer in India to cross the US$10bn mark in revenues. The Indian conglomerate has also reported ...
02 May 2018
Metro Cash and Carry expands through acquisitions in business to business (B2B) space. Focusing on the B2B opportunity Metro AG has announced that it is looking for new acquisitions in India, specifically within the B2B market. “ Most retailers are focused on the B2C and ecommerce opportunity in India. However, we are focused on the B2B opportunity and will look to drive acquisitions and me...