Available in all leading pop-colours, these watches are a must have in every wardrobe. With a price range of Rs 5,500 and above, the brand’s latest collection to India will include Ice-Forever, Ice-Love, Ice-Chocolate, Ice-Chrono Party, Ice-Glow and Ice-Chrono Electrik.
The brand is a Brainchild of Belgian entrepreneur Jean-Pierre Lutgen and has sold it has sold almost ten million timepieces across the world.
When best of retail ingredients are put together, what emerges is as strong as Edabba. Founded in April 2011, the omni-retailer, has raised a funding of Rs 4.5 crore ($ 1 Million) from CCube Angles, a Singapore-based investor. The company will use the latest round of funding to expand its edabba trust points to over 1,000 in the next six months.
With this investment, CCube Angles will buy a majority stake in Edabba, a name which dimnishes the lines between brick n mortar retail and e-retail.
Founded by the veterans from retail industry, Manoj Kumar, Saurabh B Chadha and Dinesh Paul, the model serves to uplift the neighbourhood retailers, who have been said to have a tough times with organised retail and e-retail capturing the Indian diaspora. With Edabba, nearly 400 brands have been taken to consumers by engaging their trusted neighbourhood retailer, Edabba appropriately calls them ‘Trust Points’. “Neither brick nor click alone can service the aspiring customers of Bharat satisfactorily’, said Manoj Kumar, Co-Founder and CEO of Omnipresent Retail India Pvt Ltd.
Currently, Edabba has nearly 400 Trust Points across various cities beyond metros including Dehradun, Patna, Vizag, Jaipur, Goa, Ranchi, Ludhiana and Bikaner. To its accolade, within 22 months of operation, Edabba has already touched approx 5 million potential customers in smaller towns who can ‘shop online’ with ‘complete trust’ through human interface without use of credit card and technology knowledge.
Reliance Retail which recently announced revenue of Rs 3,474 crore for the quarter which is a 53 percent jump from Q3’12, has been able to achieve the numbers contributing to the various retail format it operates. It has reported an operating profit of Rs 70 crore and the variation in formats has helped the company achieve scalability. Continue reading Reliance Retail: The new numero uno in Indian retail industry→
I remember speaking with Pradeep Hirani, CMD, Karmik back in mid-2012 when he shared that he would not limit these stores to India but also explore the neighbouring countries. And it finally becomes a reality, as Hirani takes the multi-designer pret retail chain to Pakistan, the first such Indian retailer.
With the focus on reaching the fashionistas of Pakistan, Karmik has entered an international franchise and agreement with Arshadsons, a retail franchise company, from Pakistan. The deal was recently signed in Delhi. Additionally, as part of this master-franchise deal, the plan is to open six stores in cities such as Lahore (also the location for the first store ever in the country), Karachi and Islamabad over the next three years, followed by smaller towns. Estimated investment for this deal is around 3 million dollars over three years.