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Tag: investment

SoftBank closes $231 million investment in Lenskart, Retail News, ET Retail

NEW DELHI: SoftBank has invested about $231 million (Rs 1,645 crore) in Lenskart Solutions after months of negotiations with the eyewear solutions company. The Japanese group will back the Faridabad-based company, now valued at $1.5 billion from its second Vision Fund The financing round was first reported by ET in its edition dated May 27. …

SoftBank closes $231 million investment in Lenskart, Retail News, ET RetailRead More

Abu Dhabi leads $167 million investment in Spanish delivery app

A courier for Spanish on-demand delivery app Glovo. Glovo Spanish food delivery app Glovo has raised 150 million euros ($167 million) in a fresh round of funding to ramp up hiring and expand internationally. The financing effort was led by Mubadala, the sovereign wealth fund of Abu Dhabi, and was also backed by existing investors …

Abu Dhabi leads $167 million investment in Spanish delivery appRead More

Warehousing sector gets investment of Rs 25,000 cr since 2017; figure may touch Rs 49,500 cr by 2021, Retail News, ET Retail

The country’s warehousing sector has attracted an investment of Rs 25,400 crore since 2017 and the inflow is likely to reach Rs 49,500 crore by 2021 on robust demand for logistics space by e-commerce companies, according to global property consultant Colliers. The industrial and warehousing sector in India has attracted significant investor interest since 2017 …

Warehousing sector gets investment of Rs 25,000 cr since 2017; figure may touch Rs 49,500 cr by 2021, Retail News, ET RetailRead More

Future Retail’s shares surge as regulator approves Amazon investment, Retail News, ET Retail

BENGALURU: Shares in Future Retail Ltd surged 13% on Friday, after antitrust body approved a deal that would give Amazon.com Inc a minority stake in one of the country’s top retail groups. Future Retail in August announced the deal that would result in the US online retail giant acquiring a 3.58% stake in the company, …

Future Retail’s shares surge as regulator approves Amazon investment, Retail News, ET RetailRead More

London’s Oxford Street set to see £2.9 billion of investment in the next 1000 days.

New West End Company, the representative of Oxford, Bond and Regent Street businesses, announced the 1,000 day countdown to when a total of £2.9 billion will be invested within a one mile radius of Oxford Street by 2022. This is set to be a significant and radical transformation which will drastically change the world’s most …

London’s Oxford Street set to see £2.9 billion of investment in the next 1000 days.Read More

China’s Alibaba invests $3.3 billion to raise stake in logistics unit Cainiao, Retail News, ET Retail

SHANGHAI – China’s e-commerce giant, Alibaba Group Holding , said on Friday it would invest an additional 23.3 billion yuan ($3.33 billion or £2.6 billion) to raise its equity stake in its logistics affiliate Cainiao Smart Logistics Network to 63% from 51%. Alibaba co-founded Cainiao in 2013, with partners including department store owner Intime Group, …

China’s Alibaba invests $3.3 billion to raise stake in logistics unit Cainiao, Retail News, ET RetailRead More