The market has seen a spectacular shift in consumer behaviour, with an unparalleled growth in e-commerce operations globally. These developments were prompted by a variety of government policies, initiatives, and limitations.
The two companies decided to mutually terminate the agreement, which was first announced in 2019 with an agreement that the Future Retail will develop and operate 7-Eleven's convenience stores in the country.
Future Retail said Reliance Retail Ventures Ltd (RRVL) has "extended the timeline for Long Stop Date from September 30, 2021 to March 31, 2022 to which has been duly acknowledged by Reliance Retail and Fashion Lifestyle Ltd".
The company’s Shyam Flexi Strong TMT Rebar will now be available to house builders of central, western, and southern India as well.The company plans to appoint a team of around 500 distributors, dealers, and retailers across each of these states.
Recently, the brand has also topped up its Series C fundraise with a Rs 255 crore infusion led by an equity investment from the Trifecta Leaders Fund and structured financing from Trifecta Capital and Stride Ventures.