India has been across various reports, has emerged as a luring destination for investors in various sectors. Of these sectors, retail is seeing a splurge of investment, especially with FDI opening up in single brand and multi brand.
This time the high-end Italian brand, Stefano Ricci, plans to make an India entry as it awaits FIPB approval for 100 per cent single brand FDI. The brand retails luxury menswear with stores across Europe, US and Asia.
Reports suggest that the brand will open its first store either in Delhi or Mumbai.
Recently, even the crystal and gems brand Swarovski, has also filed proposal with FIPB for 100 per cent single brand FDI.
After making a successful entry in to Mumbai, Delhi and Chennai, Tata Starbucks, now opens its flagship outlet at Bengaluru. Celebrating the heritage of the city, this flagship store is located opposite Raheja Arcade, 7th Block, Koramangala in Bengaluru.
Spread across 3,000 sq ft, the store is inspired by the architectural style and tradition of the Bengaluru Bungalow, the store design embraces the lush landscape and greenery of the “Garden City”. The store celebrates the artisans of Southern India by integrating locally sourced material, architectural treasures and antiques mostly found in traditional bungalows. The store also pays tribute to the significance of its location in Karnataka – the birthplace of coffee in India.
What’s more: Two more Starbucks will open soon in the city, each at Phoenix Market City and Orion Mall at Brigade Gateway, respectively.
JustEat.in, the Bangalore based food odering and table reservation venture, has raised third round funding. Though the company puts the amount as disclosed, but ensures it being the largest so far for them.
The funding led by JustEat Holdings, Forum Synergies and Axon Partners Group, will allow the venture to expand the team size, build a stronger network, accelerate growth and expand further in metros.
With the money raised, Forum Synergies and Axon Partners Group have bought a minority stake in the company, while the majority remain with UK-based Just Eat Holdings Ltd.
JustEat.in currently operates in Bangalore, Delhi (National Capital Region) and Mumbai, signed with 2,500 restaurants and 3 lakh registered users.
One of the oldest markets that have luxury and premium written all over it in Delhi and India, Khan Market, is living upto its name and has emerged as one of the costliest retail destination in terms of rentals. A study by Cushman & Wakefield, ‘Main Streets Across the World 2013’, Khan Market is the most expensive retail market in the country, though its global ranking drops two places to 28.
Continue reading Khan Market emerges as costliest retail destination
The natural care brand, Lotus Herbals, has entered the Indian retail arena with the launch of its two exclusive brand outlet (EBO) in NCR, the first at Great India Place Mall, Noida and the second at IGI Airport, New Delhi. With the new stores, the brand aims to increase visibility and offer enhanced customer experience.
In this exclusive shopping zone, the Lotus EBO is surrounded by premium lifestyle and luxury brands and is open 24 * 7, allowing customers to do the last minute shopping before departing for their journeys. The outlets reflects the brand’s modern aesthetics with the focus on color palette, visuals and mood boards that enhance the brand experience.
Lotus, going further, will expand its presence across high end malls, high streets and airports, across key metros in India. In the near future, Lotus Herbals plans to open more exclusive stores in Delhi & Mumbai and has set a target of opening 20 EBOs in the current financial year.
Elaborating on the launch, Nitin Passi, Director, Lotus Herbals, says, “It has been our endeavor to provide the Indian consumer the finest natural care products that are free of harsh chemicals and preservatives. The objective of our retail foray is to provide our consumers the right brand experience and make our entire range of products available under one roof.”
With the expanding infrastructure market, mebelKart, a new venture has emerged in the home and decor e-commerce space. Started by industry professionals from IITs and BITS, have joined hands and are currently operational in Bangalore, Mumbai, Pune and Delhi.
With an aim to offer good quality products and bring about transperency in the system of Furniture selling through the use of technology. MebelKart intends to use various technical tools to make the process of furniture selling customer friendly and seamless.MebelKart is already present in Bangalore, Mumbai, Pune, Delhi, Chennai, hyderabad and other various cities of india. The company is also working towards building web and mobile technologies for making a customer’s selection procedure and purchase easier. Furthermore, they plan to expand to reach to tier-2 cities, adding more categories to their portfolio.
The Australian designer sanitaryware brand, Caroma, has announced its entry into the Indian market. The announcement was made when the brand opened its flagship store at MG Road, New Delhi.
The flagship store is a 400 sq mts experience centre that would offer people a first-hand experience of the innovation marvels created by the company over the years.
The brand aims to bring to the country its remarkable innovations in creating ultra modern and water efficient toilets that lead the way to the future.
Caroma is globally known for blending design innovation, cutting-edge technology and water conservation in its products. The exceptional commitment Caroma makes to water conservation applies to their pursuit of design excellence. It is this philosophy that has made Caroma an industry leader in high efficiency toilets, urinals, and bathroom sinks.
“We believe there is a huge market for us in this country as the demand for better technology and designs increases. There is also enough space for new players in the middle to higher sanitary ware market and Caroma being the world leader in many aspect will certainly become the preferred choice of customers looking for luxury and innovation,” said Kishore Kapoor, Chairman Starmerc Infratech, the Indian franchise holder of Caroma.
One of their most sought after innovation is world’s first dual flush toilet system which they introduced in the early 1990s. What was unique about Caroma’s dual flush toilets was its two-button system – for a full flush and a half flush. With its vast water saving potential it quickly became a global standard.
The fitness brand which recently made it’s North India entry with Gurgaon, now opens its first outlet in the capital. Located in Gujranwala Town, the centre is a no frill 24*7 space and ensures to offer international services at an affordable cost.
Along with opening the first centre in Delhi, the centre now plans to open 15 franchises more in Delhi & NCR by F’Y 2014. Dr. Vikram BM, Founder & CEO Snap Fitness India commented, “Our success in the southern part of the country inspired us to make this swift move to the north India. We plan to spread far and wide across the country and make fitness affordable and accessible to all. BE WELL is our motto”
The brand is already very popular down South and Mumbai.
India is slowly and gradually accepting luxury and increasing the space for luxury in India. According to a recent report by Cushman & Wakefield, luxury in India will acquire 1.44 per cent of the total retail market by 2015 as against one per cent currently, while the total retail malls stock is set to increase by 27 per cent by 2015.
Highlighting the changing luxury retail scenario in India, the report suggests that total current operational mall space in the organised retail sector across the top seven cities of India is estimated at 66 million (approx.) sq. ft. of which luxury retail space is only 770,000 sq. ft.
Of the seven cities, Delhi/NCR leads the space acquisition at 38 per cent, followed by 21 per cent in Mumbai and 17 per cent in Bengaluru.Due to a strong mall culture and fashion hubs in the country, NCR and Mumbai lead the show while a great level of disposable incomes and a leading IT hub Bengaluru has become the third best destination. Continue reading Delhi leads to be the luxury capital of India
Giftology, India’s social gifting platform, seems to have shut shop as both their website and even the Facebook app. The website has been running operations by connecting to social sites like Facebook, but didn’t really pick up with consumers.
The Delhi based site was being backed by Kiran Sidhu, Chairman, Transact Network and had raised undisclosed fund early this year.