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

#kirana #digital #startups #forabettertomorrow #inventorymanagement #paymentsolutions #technology #grocery #fmcg

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.

Indian Ecommerce: Amazon Increases Its Kirana Bet, Introduces Digital Storefronts

#hyperlocal #delivery #hyperlocaldelivery #ecommerce #kirana #grocery #localstores

Global ecommerce giant Amazon has been trying hard to create a mark in India’s unorganised retail market despite continued war-cries from retailers for vying the market share. In the latest attempt, Amazon has launched Smart Stores.

Under this, the company is providing physical stores with software to maintain a digital log of the inventory they have in the shop and supplying them with a QR code. The company claims that more than 10K shops, ranging from mom and pop stores to big retail chains, including Big Bazaar, MedPlus and More Supermarkets, have deployed the company’s system.

The Smart Store feature allows a local shop to display its products on the Amazon app, allowing users to discover products, read reviews, evaluate offers while in the store or from anywhere using the app. After selecting the products they wish to buy their checkout with Amazon Pay, they can avail the option of UPI, balance, credit or debit cards.

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Amazon Increases Its Kirana Bet, Introduces Digital Storefronts

Global ecommerce giant Amazon has been trying hard to create a mark in India's unorganised retail market despite continued war-cries from retailers for vying the market share. In the latest attempt, Amazon has launched Smart Stores.

Walmart-owned Flipkart preparing to start hyperlocal delivery services in India

Walmart-owned Flipkart will soon launch a new hyperlocal delivery service that will enable customers to receive items from nearby stores, according to sources.

Flipkart is looking to start testing the service in Bengaluru in the next few weeks, beginning with grocery deliveries, sources close to the development said.

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Flipkart preparing to start hyperlocal delivery services

Walmart-owned Flipkart will soon launch a new hyperlocal delivery service that will enable customers to receive items from nearby stores, according to sources. Flipkart is looking to start testing the service in Bengaluru in the next few weeks, beginning with grocery deliveries, sources close to the development said.