Online Retail Market Growth
Welspun India expects revenue to cross over 60% to Rs 15,000 crore in FY26
Home textiles major Welspun India expects revenue to cross the Rs 15,000 crore-mark by FY26, growing around 60 per cent in the next three years, according to a regulatory filing. The firm, which also operates in segments such as flooring solutions, advanced textiles, retail, hospitality, and wellness is looking at "multiple drivers for growth" in the domestic market besides strengthening the export market. In an investor presentation, Welspun India said it is poised to grow at "3X of the market growth rate" in the domestic textile market. Overall, Welspun India said, "FY26 expected to be upwards of Rs 15,000 crore at a CAGR (Compound Annual Growth Rate) of 24 per cent (over FY23 expected)." Export is expected to play a key role in the company meeting its targets. Welspun India, which is a prominent player in terry towels and sheets, said though the Indian cotton prices remained considerably out-priced against competing global peers for a large part of FY22, from October onwards it
 "Welspun India expects revenue to cross over 60% to Rs 15,000 crore in FY26")
Online retail spending in India to grow six-fold to $300 bn by 2030: Report
Online retail spending in India is expected to grow nearly sixfold to USD 300 billion by 2030 with expansion in the number of digitally-influenced shoppers and online shoppers, said BCG
 "Online retail spending in India to grow six-fold to $300 bn by 2030: Report")
SoftBank-backed Meesho records over 100 mn transacting users
Internet commerce firm says customers from smaller Indian cities drive its growth and account for 80% shopping.
 "SoftBank-backed Meesho records over 100 mn transacting users")
Visa, Amazon reach global deal over payment fees
This agreement includes the acceptance of Visa at all Amazon stores and sites
 "Visa, Amazon reach global deal over payment fees")
Indian e-retail market expected to grow to $140 bn by FY26: Bain & Company
The pandemic was a watershed moment for India's e-retail market, driving a 12-month acceleration in e-retail penetration, which was at 4.6 per cent by end of FY21
 "Indian e-retail market expected to grow to $140 bn by FY26: Bain & Company")
Tata to finally enter online grocery with CCI nod to BigBasket stake deal
With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs BigBasket's online retail biz
 "Tata to finally enter online grocery with CCI nod to BigBasket stake deal")
Retail market to reach $1.3-trn by 2025 helped by economic drivers: Study
The report noted that data and technology driven disruptions along with supply side innovations will shape the future of the retail landscape
 "Retail market to reach $1.3-trn by 2025 helped by economic drivers: Study")
