( Log Out /  Kirana are typically family-owned stores that operate in fixed locations and carry both basic food and non-food items. It helps to stop the spread of the … Large opportunity in digitizing Kirana Stores by providing integrated solutions across analytics, payment and inventory management. Khatabook operates a bookkeeping app that allows kirana stores or micro- retailers to manage financial transactions and accept payments online. Firstly, for the shop-owners going digital means having a record of all the items that they sold. Amidst this, digitizing a market that remains unorganized to a whopping extent of 90 per cent is a task that needs to be taken up as immediately and extensively as possible. Learn how your comment data is processed. This clearly indicates that customers of modern India prefer to visit a well-maintained store. The digitization of mom-and-pop stores in India and Indonesia allows shop owners to earn extra incomes while providing additional services to stores customers. The app, called Digital Shop, facilitates instant digitization of all business operations for kirana store owners, without the need for an additional investment on a device. Brace yourself for the biggest move towards digitizing your Kirana store. In India, PhonePe has a network of over 500,000 neighborhood stores providing ATM services for its users, who can go to kirana stores and transfer the amount of money they need to the store owner’s PhonePe … The synergy is helping local retailers implement an efficient omnichannel retail management system post establishing their business online. Read more… 18 Using their trademark product, Quicktile provides a brand new look to the store. Currently, cash transactions allow greater flexibility in paying lesser taxes. These include launching of supply chain and logistics services, which, accelerated by the pandemic, will continue after the Covid-19 crisis ends. These outlets are largely dominated by small retailers such as local Kirana shops, owner-manned general stores, chemists, footwear shops, apparel shops, and other small and medium retail showrooms. Such facilities, supplemented by real-time visibility of sales and staff performance, are enabling retailers to enhance their efficiency and scale up their retail business further. The startup has more than 8 million users in 700 districts and 10,000 cities in India. However, in this increasingly digital era, technologically upgrading these stores has become an imperative. At the same time, the app gives these retailers access to interest-free business credit within a few clicks. Change ), You are commenting using your Google account. More than 500 million Indians are online today, and many have internet-enabled smartphones. Leveraging Kirana stores for a symbiotic delivery model. ( Log Out /  are … m.Paani is now looking forward to a new set of initiatives. As India is undergoing a digital revolution, cash transactions are steadily declining and digital modes of payments are gaining momentum. by usscmc. Having transformed 2500 Kirana stores across eight cities in to virtual super markets, the start up Quick Bizz further decided in advance, to collaborate with 15000-20,000 store owners in top 30 cities of the country by the end of this year. The app saves store owners time, helps them keep track of short-term credit provided to customers, and improves transparency and efficiency in their business. Kirana.store is a comprehensive platform to cater to the needs of ever growing needs of consumers. 06 Sep 2019 3:25 PM Mumbai-based m.Paani which has been digitizing kirana stores since 2015 is now making sure no local shop is left behind. They are even offering contactless deliveries along with sanitization of the goods that you have ordered. Also, fintech is another area in which Reliance is well positioned, it said identifying digitizing the kirana stores to accept digital payments … Here are some trends that are playing a key role in digitizing retail stores-The entry of new players The network of over 15 million mom and pop stores, locally known as kirana stores, is the backbone of India’s everyday grocery supply. to local communities. This … This would enable them to operate in the same way and as efficiently as the larger enterprises and e-commerce players do. Change ), You are commenting using your Twitter account. Reliance Retail will … PayNearby empowers retailers at the first mile to offer digital services such as Aadhaar-based banking services, bank savings, bill payments, card payments, and insurance services etc. From food grains to necessary commodities to random little things, we have all witnessed each of these purchases being made at kirana stores from our childhoods, with the sweet kirana waale uncle offering us toffees instead of change. How these companies are digitizing kirana stores across India. November 3, 2020 Reliance Retail will leverage AI, ML, Blockchain, IoT, and cloud computing to empower these local retailers with an end-to-end digital and physical distribution stack. Digitizing India’s Food Supply Chain. This app basically enables traditional retailers that buy from METRO to order stock, facilitate digital payment options, manage inventory, and track their sales, etc. In a nut-shell, you will help the … Digitizing Kirana stores reminds me of one of the biggest trends that are sweeping across a host of industries including FMCG – Digital India. The company recently announced its plans to digitize kirana stores for the transformation of the unorganized retail market, as part of its ‘New Commerce’ move. By planning on integrating merchants, consumers, and producers through this digital platform, Reliance Retail envisions to further digitization and inclusive growth, and share wealth with those at the bottom of the commerce and retail pyramid in India. Besides sourcing, Kirana stores face challenges in tracking sales, merchandizing, driving customer insight and managing the right inventory. METRO Cash and Carry is the wholesale division of METRO, a Germany-based leading international specialist in wholesale and food retail. ( Log Out /  It will not … Small, dim-lit, but fully-stocked: this description typifies each kirana store across the country. In this manner, Digital Shop strives to transform kirana stores across the country with a more affordable and sustainable digital solution for business growth and profitability. But, the bigger … After all, Small and Medium Businesses (SMBs) are the backbone of the Indian economy. Khatabook operates a bookkeeping app that allows kirana stores or micro- retailers to manage financial transactions and accept payments online. Here are the 7 Genius wats to earn more: Banking services – You can provide AEPS (Aadhar Enabled Payment System) services as they are easy to use, safe and secure payment platform. Its Indian subsidiary recently co-created an app for kirana stores with fintech startup ePayLater. This site uses Akismet to reduce spam. Posted by Tielman Nieuwoudt. Indonesia. This initiative has far-reaching consequences for the FMCG industry. With support for multiple languages, the platform can be accessed on a mobile device, and offers warehousing, delivery and financing solutions for both buyers and sellers. As Express Stores’s first VP (Business), you will be responsible for establishing end-to-end processes for grocery store on-boarding and relationship management, consumer understanding, digitizing the Kirana, understanding the data of sales to improvise the inventory & launch marketing campaign to increase sales, sales force hiring etc. 12 million local kirana stores across India using their trademark product, Quicktile provides a new. ( with Alfaexpress brand ) convenience store in Jakarta, Indonesia in they... Businesses ( SMBs ) are mostly scattered around the towns … Kirana.store is a focused! 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