Sector: Grocery
Ruchi Soya FPO: Sebi gives investors 3-days’ window to withdraw bids
The Securities and Exchange Board of India (Sebi) on Monday provided a 3-day window to investors in Ruchi Soya’s follow-on public offer (FPO) to withdraw their bids. The option is available to all investors or bidders, except for anchor book participants. Sebi’s order comes following the circulation of unsolicited SMS advertising the company’s FPO. The … Read more
Zomato now approves granting significant loans to Blinkit. Too many unanswered questions.
After investing $100 mn (Rs 750 cr) for a minority stake in Blinkit (Grofers) last year, Zomato now approves a further investment upto $150 mn (approx Rs 1,150 cr) into the Company. Key points to note: The subject investment is in the nature of loan to be disbursed in one or more tranches. Rate of … Read more
Mukesh Ambani’s takeover of Future could be a B-School case study
Future Retail had been subleasing store space from the tycoon’s Reliance Industries Ltd. Indeed, it was kept operating only on Ambani’s forbearance because Future couldn’t come up with the rent. But with Amazon.com continuing to block Reliance’s $3.4 billion purchase of Future’s assets, Ambani decided to make the acquisition a fait accompli: He terminated the leases and is taking … Read more
Colgate India: Global brands like Unilever, Colgate in India have mutiny at hand
From Plc to Colgate-Palmolive Co., consumer goods makers in India are facing distribution blues that have nothing to do with pandemic-induced shortages and bottlenecks. The trusted middlemen that brands have traditionally relied on to reach millions of small neighborhood stores in 8,000 towns and 660,000 villages are in revolt. It’s a mutiny that the multinationals … Read more
Reliance Retail buys 25.8% of Dunzo. Valuations apart, makes ‘immediate’ business sense.
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries is investing $200 mn (approx Rs 1,500 crore) into Dunzo, a hyperlocal delivery new age business. Key points to note – $200 mn is part of the $240 mn round, wherein balance $40 mn is contributed by Dunzo’s existing investors including Lightbox, Lightrock, 3L Capital … Read more
Conflict of interest concern raised about Zomato’s investment into Shiprocket. Founder denies.
Zomato recently had invested $75 mn into Shiprocket as a part of it’s start-up investing strategy. T V Mohandad Pai (ex Infosys CFO) in a tweet raised concern that whether there is a conflict of interest in this investment by Zomato as Deependier Goyal (Founder CEO) had previously invested into Shiprocket in his personal capacity. … Read more
JioMart starts grocery ordering thru WhatsApp. Would be an interesting watch.
The move was widely anticipated after Facebook had invested $6 bn into Jio’s platform unit early last year. Key points to note – Ordering is through “tap and chat” option. Delivery is free and there’s no minimum order value. Payment can be made either via JioMart or cash on delivery. Aim is to utilise the … Read more
JioMart becoming aggressive on B2B. Disrupting the traditional distribution model.
It’s an important piece of news (Link to the original news article). As per the news article, JioMart has been increasing it’s distribution play to local retailers (also known as kirana, mom and pop stores) primarily based on the lower pricing. Given the bulk buying by Reliance, traditional distributors are unable to match the pricing … Read more