With Tech Startups On Its Side, Kirana Store Inventory Gets Digitised

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Inc42 Media covers the report of RedSeer on how with tech startups on its side, kirana store inventory gets digitised.

Key takeaways:-

1. Three out of four kiranas do not have exposure to technology platforms, says RedSeer

2. Digital payments platforms like Google Pay, Paytm and PhonePe have emerged as popular solutions. Besides this, private companies like PineLabs enable more digital transactions through their smart point-of-sales machines

3. Local startups udaan.com, ShopX - 10i Commerce Services Pvt Ltd, Jumbotail and NinjaKart are pivoting kiranas in a big way and are significantly working with them on last-mile deliveries, maintaining supply chains, effective inventory management, credit and more.

4. Besides this, he also mentioned B2B startup Khatabook, which is enabling digital bookkeeping services for these local neighbourhood stores.

5. India’s retail sector is set to grow to $1.3 Tn by the fiscal year 2025, as per RedSeer. However, the fast-moving consumer goods (FMCG) will continue to make for 90% of the sales in the sector. The report also noted that organized retail, both online and offline, is poised to grow from 16% to 22%.

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With Tech Startups On Its Side, Kirana Store Inventory Gets Digitised

Three out of four kiranas do not have exposure to technology platforms, says Redseer Udaan, ShopX, Jumbotail and NinjaKart have been popular for their supply chain solutions India's retail sector is set to grow to $1.3 Tn by the fiscal year 2025, Redseer added The neighbourhood pop and mom stores which have been a lifeline during the pandemic, woefully fall short when it comes to exposure to technology platforms for payments or procurement.