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Customers flock to modern retail chains for daily needs
November 21, 2016 |by indiafood forum | Comments Off on Customers flock to modern retail chains for daily needs | FOOD & GROCERY | India Food Forum 2016Supermarket chains see increased footfalls as consumers fall back on cards for buying essentials in the wake of the government’s demonetization initiative…READ MORE
KEEP READINGFlipkart eyes groceries; renewed push in furniture
November 21, 2016 |by indiafood forum | Comments Off on Flipkart eyes groceries; renewed push in furniture | FOOD SERVICE | Flipkart, India Food Forum 2016Binny Bansal said the home-grown e-commerce player plans to begin experimenting with grocery sales next year, scale up operations over a 3 year period…READ MORE
KEEP READINGGoing the extra mile for a lingering aftertaste
November 18, 2016 |by indiafood forum | Comments Off on Going the extra mile for a lingering aftertaste | FOOD SERVICE | India Food Forum 2016Agri farms are leveraging a growing demand for exotic vegetables and spices in the food services sector…READ MORE
KEEP READINGRestaurants buck currency blues with credit cards
November 18, 2016 |by indiafood forum | Comments Off on Restaurants buck currency blues with credit cards | FOOD SERVICE | India Food Forum 2016After Prime Minister Narendra Modi carried out his ‘surgical strike’ against black money, industry insiders had expected restaurants to be hit as badly as some other sectors of the economy. Their business did take a bad hit in the first two days and the restaurants were almost depleted, but the drop in business has now stabilised…READ MORE
KEEP READINGBigbasket said to be looking to raise $150 million next year
November 18, 2016 |by indiafood forum | Comments Off on Bigbasket said to be looking to raise $150 million next year | FOOD & GROCERY | Bigbasket, India Food Forum 2016The formal fund raising process will begin after March 2017, may be Bigbasket’s last round before an IPO…READ MORE
KEEP READINGConsumer goods firms may help retail partners weather liquidity crunch
November 18, 2016 |by indiafood forum | Comments Off on Consumer goods firms may help retail partners weather liquidity crunch | FOOD & GROCERY | India Food Forum 2016About 90% of India’s $600 billion retail trade is unorganized and about 60% of all trade transactions are in cash…READ MORE
KEEP READINGFood delivery start-up Swiggy posts 65-fold increase in losses
November 18, 2016 |by indiafood forum | Comments Off on Food delivery start-up Swiggy posts 65-fold increase in losses | FOOD SERVICE | India Food Forum 2016, SwiggySwiggy ‘s fall indicates the heavy cash burn and poor unit economics in food delivery and technology start-ups…READ MORE
KEEP READINGNote ban hits consumer packaged goods sales
November 18, 2016 |by indiafood forum | Comments Off on Note ban hits consumer packaged goods sales | FOOD & GROCERY | India Food Forum 2016The inability of kirana shops to sell to customers because of the lack of small notes is rippling upwards through the supply chain…READ MORE
KEEP READINGOnline firms play corner store role, supply daily need products
November 18, 2016 |by indiafood forum | Comments Off on Online firms play corner store role, supply daily need products | FOOD & GROCERY | India Food Forum 2016As cash turns scarce, online grocers and food-delivery companies are reaping a minor windfall as hungry customers turn to them for their daily bread by paying for it digitally…READ MORE
KEEP READINGGovt actions are promising for growth, says Jack Ringquist of Deloitte
November 18, 2016 |by indiafood forum | Comments Off on Govt actions are promising for growth, says Jack Ringquist of Deloitte | FOOD SERVICE | Deloitte, India Food Forum 2016Jack Ringquist, global leader for consumer products at Deloitte, says social media has challenged consumer companies to not only put across their message clearly but also to understand what kind of products consumers want…READ MORE
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