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. Driven by its mission ‘Har Dukaan Digital Pradhan’, Paynearby enables an average monthly business of 3.5 million transactions in the 115 Aspirational Districts of India. It provides clear catalogue of products available and gives clear and concise information to buyers to decide on the products they intend to purchase. Kirana.store is a comprehensive platform to cater to the needs of ever growing needs of consumers. An Alfamart (with Alfaexpress brand) convenience store in Jakarta, Indonesia. In a nut-shell, you will help the … He has more than two decades of personal and professional experience — working, living and travelling across more than a hundred countries, primarily in emerging economies in Africa, Asia, Latin America and the Middle East. 06 Sep 2019 3:25 PM November 3, 2020 Firstly, for the shop-owners going digital means having a record of all the items that they sold. 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. Mumbai-based m.Paani which has been digitizing kirana stores since 2015 is now making sure no local shop is left behind By Bora, ET Online I Last Updated: Apr … 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. As India is undergoing a digital revolution, cash transactions are steadily declining and digital modes of payments are gaining momentum. ( Log Out /  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. A 48 hour revamp would just fit the bill. The Indian retail sector has experienced high growth over the … Kirana.Store emphasizes on quality at reasonable prices to all consumers. They are even offering contactless deliveries along with sanitization of the goods that you have ordered. Over 12 million local kirana stores scattered across the country form the very backbone of India’s retail trade. 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. ( Log Out /  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. Local shops are now confined to a radius of a few kilometers in which they can deliver. ( Log Out /  The network of over 15 million mom and pop stores, locally known as kirana stores, is the backbone of India’s everyday grocery supply. 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. METRO Cash and Carry is the wholesale division of METRO, a Germany-based leading international specialist in wholesale and food retail. At the same time, the app gives these retailers access to interest-free business credit within a few clicks. Using their trademark product, Quicktile provides a brand new look to the store. Read more… 18 Learn how your comment data is processed. With Reliance Industries’ recent announcement to digitize the country’s neighbourhood stores doing the rounds these days, let us take a look at some companies that are working tirelessly towards digitally empowering the local retail ecosystem in India: Reliance Retail is the retail subsidiary of Reliance Industries Limited, an India-based multinational conglomerate company. Large opportunity in digitizing Kirana Stores by providing integrated solutions across analytics, payment and inventory management. Through such a value proposition, Shopmatic is facilitating an efficient omnichannel ecosystem for kirana stores across the country, thus digitally empowering them. Also, fintech is another area in which Reliance is well positioned, it said identifying digitizing the kirana stores to accept digital payments … After all, Small and Medium Businesses (SMBs) are the backbone of the Indian economy. The skyrocketing smartphone penetration in the country, coupled with one of the lowest data charges in the world, has helped bring India online. Kirana are typically family-owned stores that operate in fixed locations and carry both basic food and non-food items. Khatabook operates a bookkeeping app that allows kirana stores or micro- retailers to manage financial transactions and accept payments online. 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. Posted by Tielman Nieuwoudt. The banking transactions like balance enquiry, … Launched in 2014 with an objective to empower millions of aspiring entrepreneurs with a digital footprint, the company recently partnered with Singapore-based retail management solutions company Octopus to disrupt the retail market in Asia-Pacific with a suite of services to address the gaps that exist for offline businesses in going online. This clearly indicates that customers of modern India prefer to visit a well-maintained store. The kirana shop owners are not as keen as the startups to partner with them. Shopmatic is a Singapore-based technology firm that provides e-commerce solutions to small businesses and individual entrepreneurs. With over 12 million kirana stores, including those in rural areas, we are digitizing kirana stores so that they can earn more while sitting at their stores. Khatabook supports 11 languages, includes payment reminders to customers, and sends out an automatic SMS to customers every time a transaction is recorded. Leveraging Kirana stores for a symbiotic delivery model. View all posts by Tielman Nieuwoudt. In fact, the digitisation of SMBs could add $158 to $216 billion to India's GDP by 2024 and contribute to the country's economic recovery post-Covid-19, according to the Cisco India SMB Digital Maturity Study 2020. The synergy is helping local retailers implement an efficient omnichannel retail management system post establishing their business online. Change ). There are several businesses looking to tap this opportunity coming from diverse angles, such as bookkeeping and collection software, to Shopify-equivalent customer-facing models,” said … However, in this increasingly digital era, technologically upgrading these stores has become an imperative. This is evident from the report published by Redseer Consulting, which depicts an increase of 40% in the Kirana share of purchasing from E-B2B platforms. So much that, over 12 million local kirana stores scattered across the country form the very backbone of India’s retail trade. Thursday, Jan 21, 2021 | Last Update : 06:15 AM IST. 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. Mathura court dismisses Krishna Janmabhoomi petition, From October 15, multiplexes and cinemas can reopen with 50% seating capacity, Shane Warne confident that Sanju will make Team India if he keeps playing like he does this IPL, Natarajan's yorkers hit the spot, and his life story strikes a chord, Rashid dedicates his Man of the Match performance to his late mother — his biggest fan, Copyright © 2016 - 2021 The Asian Age. To address these challenges, leading cash & carry players such as Reliance, Metro, Walmart etc. This app basically enables traditional retailers that buy from METRO to order stock, facilitate digital payment options, manage inventory, and track their sales, etc. Mumbai-based m.Paani which has been digitizing kirana stores since 2015 is now making sure no local shop is left behind. Digitizing the procurement process, Jumbotail has launched a B2B eCommerce portal for these Kirana stores and suppliers to connect and transact online. These include launching of supply chain and logistics services, which, accelerated by the pandemic, will continue after the Covid-19 crisis ends. Convenience stores or "Mini market" (in Indonesian) are mostly scattered around the towns. 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. to local communities. Its Indian subsidiary recently co-created an app for kirana stores with fintech startup ePayLater. Therefore, in order to not just survive but to also thrive, kirana stores are trying to embrace technology and modernize their business to cater to rising customer expectations. The physical infrastructure exists and is going to stay, but the digital infrastructure needs to be created and integrated to strengthen the entire retail ecosystem in India. Brace yourself for the biggest move towards digitizing your Kirana store. Tielman Nieuwoudt is a consultant focused supply chain, last-mile logistics, and informal retail service models in emerging markets. More than 500 million Indians are online today, and many have internet-enabled smartphones. Digitizing the procurement process, Jumbotail has launched a B2B eCommerce portal for these Kirana stores and suppliers to connect and transact online. With the kirana shops digitizing and starting to deliver online, people are finding it even more convenient to have everything on the tips of their fingers. The next big digital push in India needs to be in digitizing kirana stores. How these companies are digitizing kirana stores across India. Kirana stores cannot spend months and lakhs of rupees for a new facelift. ( Log Out /  Through its concerted efforts, PayNearby is not just digitally empowering kirana stores and local communities but is also playing a highly instrumental role both in driving financial inclusion as well as the transformation of India’s socio-economic landscape. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. 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. 23 lakh crore in 2011-12. 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 company has set its eye on digitizing over 1,00,000 kirana stores over next 18-24 months. kirana.store intend to create … 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. are … Mumbai-based m.Paani which has been digitizing kirana stores since 2014 is now making sure no local shop is left behind. The retail market, which contains both organized and unorganized segments, stood at Rs. And a digital ecosystem will make it hard for them to evade taxes. 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