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Grameen Foundation for Social Impact is an NPO registered under section 25 of Indian Companies Act, 1956   New Delhi:  Not for profit organization (NPO) Grameen Foundation for Social Impact has signed a Memorandum of Understanding (MoU) with Open Network for Digital Commerce (ONDC),  announced in a press release on Thursday. The initiative aims to facilitate the digital inclusion of Farmer Producer Organisations (FPOs), nano, micro, small, and medium enterprises (NMSMEs), Self-Help Groups (SHGs), women entrepreneurs, start-ups, and similar entities in the ONDC network, the release added.  “Globally, Grameen aims to put poverty in museums. We see the ONDC Network as a natural collaborator in bridging the gap in information and market access and blurring digital boundaries for the last mile,” said Bharati Joshi, Interim CEO, Grameen Foundation for Social Impact. Grameen Foundation for Social Impact (GFSI) is an NPO registered under section 25 of Indian Companies Act, 1956 (now Sectio

P Venkatesalu, Chief Executive Officer and Executive Director at Trent Ltd. on keeping Zudio nimble and the need to innovate to stay relevant Value retail chain Zudio sells about 90 T-shirts every minute and 20 pairs of jeans every hour… such is the popularity of the brand in the country, known for its value-consciousness. Within a short span of a decade, Zudio has grown into a Rs 7,000 crore plus annual business, becoming one of the biggest value fashion and lifestyle success stories. In the fiscal year 2024, Zudio opened more than 200 stores sized about 10,000 sq. ft., with Trent Ltd shelling out about Rs 3-4 crore per outlet on average. P Venkatesalu, Chief Executive Officer and Executive Director at Trent Ltd. speaks to IndiaRetailing about keeping Zudio nimble in terms of backend and its expenses; Zudio’s constant need to change and innovate to stay relevant and thrive among other things. Edited excerpts: What is the secret sauce behind Zudio’s success? How are you able to ke

RetailGPT will allow more than 200 brands at Forum Malls to use its ‘Just Prompt’ platform Bengaluru: Real estate developer Prestige Group’s Forum Malls has partnered with retail technology company Pathfinder’s AI-powered digital platform, RetailGPT, the companies announced on Wednesday. This strategic partnership was introduced at the recently concluded Phygital Retail Convention, held at Jio World Convention Centre, Mumbai. RetailGPT extends the reach of physical stores into the digital space using generative AI. It will allow more than 200 brands at Forum Malls to use its ‘Just Prompt’ platform, where users simply provide a prompt to receive personalised suggestions. “Our collaboration with leaders like Forum Malls signifies more than just technological integration; it marks a pivotal shift towards enhancing retail experiences across the industry,” said Sadique Ahmed, chief executive officer of Pathfinder. “RetailGPT is to serve as a dynamic tool for the entire retail sector.

The company had a revenue from operations of Rs 11,584.44 crore in the year-ago period New Delhi: Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, has reported an 18.36 per cent increase in standalone revenue from operations to Rs 13,711.87 crore for the June quarter. The company had a revenue from operations of Rs 11,584.44 crore in the year-ago period, Avenue Supermarts informed the BSE in a regulatory filing on Tuesday. “Standalone revenue from operations for the quarter ended (QE) June 30, stood at Rs 13,711.87 crore,” Avenue Supermarts said. The total number of stores as of June 30 stood at 371. This also includes one store in Rajkot, Gujarat, which is temporarily closed for customers, it added. The Damani family-promoted company also added the “standalone revenue from operations for QE June 30, 2024 given above is subject to limited review by the statutory auditors of the company.” In the April-June quarter of FY23, Avenue Supermarts’ standalone re

As a founding Managing Partner of Softbank Investment Advisors (SBIA), Jett led the global consumer internet and e-commerce sectors New Delhi : Former Softbank Investment Advisers managing partner Lydia Jett has rejoined the board of Flipkart, the e-commerce major said on Monday. Jett was on Flipkart’s board in 2017 but had stepped down after about a year. “The Flipkart Group … announced the appointment of Lydia Jett, a seasoned investment executive and former Managing Partner at SoftBank Investment Advisers, as a Board Member effective June 26, 2024,” the e-commerce firm said in a statement. US-based venture capitalist Jett has two decades of experience investing in and serving on the boards of market-leading consumer technology businesses. “I … look forward to working with the other Board members to help the company navigate its next growth phase. The e-commerce market in India is rapidly growing and promises great opportunities for continued innovation and value,” Jett said. A

Shrenik Ghodawat, Director, Ghodawat Retail Ltd. and managing director, Ghodawat Consumer Ltd., Sanjay Ghodawat Group, speaks about fulfilling the aspirations of real Bharat that lives in tier 4 and beyond Nestled in the small town of Jaysingpur in the Kolhapur district of Maharashtra, is the 1993-founded Sanjay Ghodawat Group, a powerful business conglomerate that employs more than 10,000 people and runs diversified businesses. Its fast-moving consumer goods business—Ghodawat Consumer Ltd., led by managing director and chief executive officer Shrenik Ghodawat—is the largest of its businesses with a top-line revenue of Rs 1600 crore contributing about 40%-45% to the group’s revenue. The other business, that the group is focussing on currently, is retail under Ghodawat Retail Ltd., comprising a chain of neighbourhood grocery stores named Star Localmart, which started in 2019. The company’s play for the business is to focus purely on rural markets offering a modern retail experience t

The company has more than 100 stores in Punjab, Jammu & Kashmir and Haryana New Delhi : Vertically integrated textile brand Sportking has expanded its online presence pan India, the company announced on Monday. The retailer, which has more than 100 stores in Punjab, Jammu & Kashmir, and Haryana, has launched its website  sportkingfashion.com  as part of its e-commerce expansion, the release added. “For 27 years, Sportking has established a deep connection with communities in North India. Our commitment to quality and affordability has positioned us as a mass-premium brand, and we’re excited to bring that value proposition to a wider audience through e-commerce,” said Munish Avasthi, Managing Director, Sportking. Founded in 1977 by Raj Avasthi and Munish Avasthi, Sportking is an Indian textile conglomerate offering fashion apparel for men, women and kids. Some of the products offered are dresses, night suits, co-ord sets, tracksuits, tops and denim for women and joggers, sho