India Latest News - Inside Retail Asia
Toy retailer Hamleys is set to have its fourth owner in 15 years since it was taken private by an Icelandic investor.
The Asian grocery market will generate US$4.264 trillion of sales by 2023 – almost the same as Europe and North America combined.
Design house Nudes has built a cardboard cafe in Mumbai, a “vibrant hub” for dialogue on sustainable solutions.
Indian furniture startup WoodenStreet is targeting 15 additional experience stores in the territory by the end of the year.
Indian lingerie retailer Zivame has raised about US$8.6 million to fund expansion.
Premium Japanese lingerie brand Wacoal will invest around US$14.5 million over three years to boost its presence in India.
Indian online grocery platform BigBasket has raised investment capital of about US$150 million.
Tealive parent Loob Holding is planning an IPO to fund 1000 new stores.
Next Billion and Ocean Protocol are to pilot a new data-sharing model that gives Indian rural store owners an extra income stream.
Indian apparel exporter Suditi Industries is partnering with the National Basketball Association.
Reliance Trends will open nearly 2000 new stores within the next five years.
A three-fold jump in Indian mall supply from 3.2 million sqft last year to nearly 10 million sqft this year has been reported in India.