Zepto becomes unicorn, raises $200 mn at $ 1.4 bn valuation
Zepto funding alert: The 2-year-old company has raised funds at a valuation of USD 1.4 billion making it the first unicorn of 2023 in India.
Zepto funding alert: The 2-year-old company has raised funds at a valuation of USD 1.4 billion making it the first unicorn of 2023 in India.
Retailers must now adapt to this new reality by leveraging technology to create a seamless and personalized shopping experience across all channels. This means investing in digital infrastructure, such as cloud computing, e-commerce platforms, and mobile apps, to meet the changing demands of consumers. Moreover, retailers must also focus on data analytics to better understand customer behavior, preferences, and buying patterns. This information can be used to create targeted marketing campaigns and product offerings that resonate with consumers and drive sales.
He explained that the ONDC interface will help a buyer on one e-commerce platform to have visibility and the ability to buy goods or services sold on any platforms listed on ONDC. Thus, opening more options for the buyer and offering the best price and quality without any algorithm dictating or pushing a buyer towards a brand that may be giving a larger commission to the marketplace.
“With a shared goal to empower small sellers and give a fillip to hyperlocal businesses, the integration will boost our efforts to democratize internet commerce for everyone,” said Vidit Aatrey, Founder and CEO, Meesho.
Prior to joining Landmark Group, Idnani was leading technology initiatives for all retail businesses at Reliance Retail as the senior VP - head, of information technology.
“Marico’s food segment in FY20 was less than Rs 200 crore in revenues. We had taken an aspirational target of reaching up to Rs 500 crore in FY 22 and then from there Rs 850 to 1,000 crore in FY 24. We are happy to share that we are very much on track. If not 500, we will reach a ballpark in that range this year,” said Pawan Agrawal....
Rampant uncertainty, multiple roadblocks, coupled with revolutionary revival processes have turned 2020 into a rollercoaster ride for the logistics industry. As we bid adieu to this year and fasten our seatbelts for the new year, let’s take a look at the transformation the logistics sector underwent and some trends that have been projected for 2021.
According to Vipul Parekh, CFO & Co-Founder of SuperMarket Grocery Supplies, venture debt not only reduces dilution for all shareholders, it reduces cost of capital, improves ROE and expands runway.
Shoppers Stop, in which US-based online retail giant Amazon had picked up 5 percent stake last year, runs big format stores in fashion retailing called Shoppers Stop and home retailing stores, Homestop.
Prior to joining Walmart India, Aggarwal was working as the chief finance, development & supply chain officer for KFC, Thailand.