Articles

[Funding Alert] Duroflex Raises $60 mn from Norwest Venture Partners

Opportunity India Desk Oct 15, 2021 - 2 min read

Leading Mattress brand Duroflex and its online sales arm Sleepyhead have raised US$ 60 million (about Rs 450 crore) from Norwest Venture Partners. This is the second external fundraising by Bengaluru-based Duroflex, which, in 2018, had raised US$ 22 million growth capital from Lighthouse. Since then, it has grown three times through focused retail and online ...

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How Festive Season is Set to Boost E-commerce & Retail Industry

Opportunity India Desk Oct 15, 2021 - 4 min read

Just as we are getting into the festive fervor, there are sufficient supporting data points that give us hope and reason for the industry to celebrate this much-needed booster for recovery from torrid times and declining business results. Though there is a heightened spirit on the buoyancy that revolves around the growth of e-commerce and retail, ...

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Retail Industry May See Full Recovery In October-November Period

Opportunity India Desk Oct 15, 2021 - 3 min read

As the festive season continues, RAI (Retailers Association of India) has shared the retail sales figures for September 2021. For the month, sales stood at 96 percent of the pre-pandemic levels (September 2019). Moreover, compared to September 2020, 26 percent growth in sales has been observed in September 2021. In fact, in categories, consumer durables ...

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Kate Spade New York Opens its Flagship Store at Jio World Drive, Mumbai

Opportunity India Desk Oct 15, 2021 - 1 min read

Global lifestyle brand, Kate Spade New York, announced the opening of a new flagship store in India, located in Jio World Drive, Mumbai. This store marks the third Kate Spade New York location in India under Reliance Brand Limited. Other locations include DLF Emporio, New Delhi, and Palladium Mall, Chennai. Located on the ground floor of ...

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Flipkart Wholesale Witnesses 70 pc E-commerce Adoption by Kiranas at Festive Sale

Opportunity India Desk Oct 15, 2021 - 2 min read

Digital B2B platform Flipkart Wholesale, the digital B2B marketplace of the e-commerce firm, witnessed the company's kirana member base has increased 30 percent to over 5 lakh, and 70 percent of them have adopted e-commerce during the 'Big Billion Days' festive sale event. The company claimed that kirana merchants coming from cities such as Bhopal, ...

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Dukan Tech: Helping Millions of Local Sellers Go Digital

Opportunity India Desk Oct 15, 2021 - 3 min read

The term Dukan Tech was coined in August 2020 after recognizing the demands of local sellers, such as selling online and having a suitable delivery and payment facility. Many businesses have sprung up to help local Dukans go online. Nonetheless, it has grown in significance because of the market shutdowns and reopening during Covid. According ...

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Future Trends in the Indian Education Industry

Opportunity India Desk Oct 15, 2021 - 4 min read

Education and related sectors have transitioned a lot in recent years. Everything was going quintessentially fine and all of a sudden the government announced the lockdown. People were forced to stay in their houses. Businesses shut down while only big companies worked and provided very few services for almost two years. When we talk about ...

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1441 Pizzeria gets a new location in Andheri, Mumbai

Opportunity India Desk Oct 15, 2021 - 2 min read

Mumbai-based pizza chain 1441 Pizzeria has re-launched its Andheri outlet in a new location.Designed with charming interior aesthetics and an inviting outdoor seating area, this new space marks as an exciting addition for the 1441 family to share authentic Italian food experience with its customers. “Italian aesthetics involve a lot of ...

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How restaurants are dealing with stubborn guests

Opportunity India Desk Oct 15, 2021 - 4 min read

While the uncertainty of Covid remains in how long the virus will affect the restaurant industry sales, one thing is for sure, restaurant operators do not take the crisis lying down. While restaurant sales were down as much as 50 percent or higher for some limited-service brands, many found an opportunity to flex ...

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Wendy's partners with Google Cloud to enhance restaurant experience

Opportunity India Desk Oct 15, 2021 - 2 min read

QSR chain Wendy's® has announced its partnership with Google Cloud to enhance the Wendy's restaurant experience and unlock new customer, restaurant, and employee experiences through data-driven insights. Wendy's intends to leverage Google Cloud's data analytics, artificial intelligence (AI), machine learning (ML), and hybrid cloud tools to create new ways customers can order ...

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