Image Credits: Manish Singh / TechCrunch Indian e-commerce giant Flipkart has held discussions in recent weeks about potentially acquiring Dunzo, the hyperlocal delivery startup backed by Reliance Retail, three sources familiar with the matter told TechCrunch. However, complexities surrounding Dunzo’s ownership structure have made it difficult for the two parties to reach an acquisition deal, …
Reliance Consumer will acquire Ravalgaon Sugar confectionery’s brands, including Coffee Break and Paan Pasand, in a ₹27 crore deal. Ravalgaon Sugar Farm, which owns brands such as Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream and Supreme, has sold its trademarks, recipes, all intellectual property rights to Reliance Consumer Products Ltd (RCPL), as …
Smt Nita Ambani, Founder and Chairperson, Reliance Foundation lighting the lamp at the launch of the first standalone Swadesh store. The store is located at Alcazar Mall, Jubilee Hills, Hyderabad. Nita Ambani, Founder and Chairperson of Reliance Foundation, marked a significant advancement in Indian arts and crafts as she inaugurated Reliance Retail’s inaugural Swadesh store …
Sales of fast-moving consumer goods (FMCG), cars, smartphones, and household appliances surged in the September quarter, both sequentially and year-on-year, company executives told ET. Lower inflation, improved monsoon, fall in prices and offers given by companies to pass on the benefits of lower input costs lifted consumer sentiment. Passenger vehicle makers ended September with the …
Image Source: FILE The Bangalore-based company, which is backed by Google. Trouble persists at Dunzo, a retail company and quick-grocery delivery provider. Despite being backed by Google, the Bangalore-based company is currently unable to fulfill its obligation of paying employees’ salaries. Additionally, Dunzo has not yet cleared the outstanding dues from the previous month. Dunzo …