Investment

Online baby products seller Firstcry is acquiring Mahindra Retail, which runs offline stores under Babyoye brand, for about Rs 362 crore in a landmark deal in the Indian retail market. The Pune-based startup, founded by serial entrepreneur Supam Maheshwari, will acquire the franchisee division of Mahindra

Western-style quick service restaurants (QSRs) and coffee chains have shut down more than 80 stores over the past 12-18 months due to declining same-store sales growth, consumers scaling back spends, and increasing pressure on their profitability. Pizza Hut, Costa Coffee, KFC, Barista and McDonald's have