KOLKATA: Hypermarket chain Spencer’s Retail has acquired ecommerce startup meragrocer.com to foray into online sales, signalling consolidation in India’s retail landscape and mirroring a trend in developed markets where vendors offer products through various channels. The gross merchandise value of MeraGrocer is about Rs 5 crore, which will be scaled up to Rs 500 crore over the next five years, said Shashwat Goenka, head (retail) at RP-Sanjiv Goenka Group. “It is an ambitious target, .. Read more at: http://economictimes.indiatimes.com/articleshow/50210940.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesHypermarket chain Spencer’s Retail acquires ecommerce startup MeraGrocer to foray into online sales
Industry: Retail 2015-12-17
