ecommerce companies complete technical preparations for the simplified GST structure
Reliance Consumer targets India's 600 million value-focused buyers with affordable products and deeper ties with kirana stores, aiming national scale by 2027
The three-day conclave from 16-18 May will focus on strategies to counter the alleged unethical practices of Amazon, Flipkart, Blinkit, Zepto and others
Proposal to be part of recommendations to govt; move aimed at protecting kirana retailers
The question that has kept the industry abuzz is whether Amazon-the fifth big player in the q-com market--could beat those who have been early players in the sector
During the event, Mishra also mentioned that customer behaviour is evolving as they are looking for speed alongside selection and value proposition
India's retail sector is highly fragmented due to regional consumer preferences, high price sensitivity, and complex supply chains
Retail stores in India are integrating CRM tools, online ordering platforms, and inventory management software to counter onslaught of ecom and qcom, says a new PwC study
The fear that platforms will replace kiranas is misplaced. India needs a platform-driven economy to fuel growth and innovation
FMCG major HUL is enhancing its distribution model by directly supplying kirana stores, aiming to cut delivery times and ease credit constraints, thereby improving service and supply efficiency
The Federation of Retailer Association of India on Tuesday asked the government to provide enhanced technology platform to Kirana stores to enable them to compete with quick commerce firms. "Such support would enable the kirana stores to remain competitive amidst the increasing encroachment into their space by quick commerce companies like Swiggy Instamart, Blinkit or Zepto," said Federation of Retailer Association of India (FRAI), which says that it represents about 80 lakh micro, small and medium retailers from across the country with a membership of 42 retail associations. Providing local kirana stores with a technology platform would allow them to compete on equal terms with quick commerce players, effectively creating a level-playing field, it added. "With new technologies brought in by the government, like ONDC (Open Network for Digital Commerce), what is now required is a more focused approach in creating a specific solution for kirana stores that makes them as discoverable a
Analysts said companies like Amazon and Flipkart may have to invest at least $1 billion each in 2-3 years to catch up
Fresh out of bumper USD 350 million funding this time from marquee domestic investors, quick commerce company Zepto says it is on a clear path to becoming a full Indian-owned entity and hitting PAT positive milestone, as co-founder and CEO Aadit Palicha exudes optimism about a possible IPO in 2025. In an interview with PTI, Palicha strongly countered allegations about the quick commerce model disrupting and stunting the growth of traditional kirana stores. He asserted that these and other "narratives" are not grounded in real data and underrate the "net positives" achieved so far by the industry, including job creation. Palicha further said that instant 10-minute delivery models like that of Zepto have generated lakhs of jobs, been wage-additive, and created all-around "value" for both consumers and workers. Moreover, the quick commerce model executed at a scale for groceries and items of daily use is unseen, unmatched globally, he said adding that this goes to showcase the unique .
As consumer preferences shift towards the convenience of last-minute grocery deliveries, quick commerce companies are outpacing traditional retailers, with 46 per cent of consumers surveyed reporting a cut in purchases from Kirana shops, a report has said. The quick commerce market size is expected to reach USD 40 billion by 2030, a jump from USD 6.1 billion in 2024, according to the report by Datum Intelligence. "Nearly half (46 per cent) of respondents report reduced spending at Kirana shops, indicating a shift in customer behavior towards quick commerce platforms," it noted. Quick commerce refers to the delivery of consumer items in 10-30 minutes. Blinkit, Zepto, Swiggy Instamart, and Flipkart Minutes are among the top quick commerce platforms in India. The quick commerce market is projected to capture approximately USD 1.28 billion of Kirana sales by 2024, accounting for 21 per cent of total sales on these platforms, the report further said. "Quick commerce's focus on speed an
Recent data reveals, metro cities have experienced the greatest impact of quick commerce with 90,000 kirana stores shutting down in these areas alone, compared to 60,000 closures in Tier-I cities
In India, approximately 13 million kirana stores form the backbone of FMCG distribution, especially in rural regions and Tier-II and Tier-III cities, accounting for nearly 85 per cent of sales
Commerce and Industry Minister Piyush Goyal had said in August that the government is not opposed to e-commerce but is focused on ensuring fair competition between online and offline businesses
Some savvy kiranas are already evolving - becoming specialist gourmet shops, mini-supermarkets, or setting up their own efficient delivery systems
Udaan is revolutionising how kirana stores operate by offering digital solutions that streamline procurement, boost efficiency, and facilitate access to formal credit
The maker of Rajnigandha Silver Pearls and Pass Pass plans to continue its focus on Indian ethnic flavours to drive this growth