Abhishek Securities

  Oil-to-telecom conglomerate  Reliance Industries  is steadily working on expanding its footprint in the  retail sector.  On Tuesday, Abu Dhabi Investment Authority (ADIA) became the eighth investor in  Reliance Retail  Ventures, agreeing to pick 1.2 per cent equity stake in the company for Rs 5,512.5 crore. ADIA joins the league of Silver Lake, KKR, General Atlantic, Mubadala Investment Company, GIC, and TPG who have cumulatively invested Rs 37,710 crore for 8.48 per cent stake. Mukesh Ambani-owned  Reliance Industries  shifted gears in August this year, when it agreed to buy Kishore Biyani-promoted Future Group as going concerns on a slump sale basis for Rs 24,713 crore. The sale would include key brands like Big Bazaar, fbb, Foodhall, Easyday, Nilgiris, Central and Brand Factory. As  Reliance Retail  aggressively establishes itself, leveraging on online sales via JioMart, analysts believe incumbent players need to re-orient or s...

Flipkart group announced the launch of Flipkart Wholesale, a new digital market place and the acquisition of 100 percent interest in Wal Mart India Private Limited, which operates the Best Price cash- and- carry business. Kiranas and MSMEs are the central to India’s retail ecosystem and Flipkart Wholesale will focus on meeting their needs by providing small business a wide selection at significant value, the company said in a statement. It also comes at a time when India’s ecommerce battle is being redrawn with Reliance JioMart's plans to leverage its telecom reach to propel online commerce.   The etailer will launch its Flipkart Wholesale unit next month, starting with fashion and grocery categories, opening doors to competing directly with other deep-pocketed players like JioMart, Udaan, Metro Cash & Carry, and Amazon’s B2B division. The event comes as Reliance Retail seems to herald strategic and monetary buyers after the document $20-billion fund-raise by Mukesh Ambani...

Reliance Retail is aggressively ramping up a new network of grocery stores that will also be used for last-mile delivery of food and grocery as part of the Mumbai conglomerate’s ambitious omnichannel venture. Mukesh Ambani-backed  Reliance Jio ’s dream to enter into E-commerce came true with the launch of a grocery delivery platform called JioMart. So now to expand the business the company is aggressively adding a new network of grocery stores. According to sources, they plan to open thousands of small outlets called Reliance Smart Points in various cities in neighborhoods as part of its omnichannel play, according to two people familiar with the development. These Smart Points are expected to measure between 500 sq feet and 1,500 sq ft each.  Real estate agents informed that Reliance is scouting for thousands of locations in various cities. According to one real estate agent, Reliance has mandated various property dealers to search 500 such small stores in north India in the ...