Quick commerce is rocketing. So, are kiranas on the way out?
6 days, 2 hours ago

Quick commerce is rocketing. So, are kiranas on the way out?

Live Mint  

New Delhi: In little more than a couple of years, quick commerce has turned into the great hope of India’s startup landscape. As of 2023-24, according to data compiled by the National Sample Survey, there were around 22.8 million ‘unincorporated’ establishments conducting some sort of trade. Quick economics Ultimately, the ‘decline’ of kiranas may have come about from a combination of factors—for example, demonetization rather than just quick commerce. Zomato’s quick commerce business, for instance, built on the acquisition of Blinkit, saw its average monthly transacting customers rise from 2.9 million in 2022-23 to 5.1 million in 2023-24. Across all three major sectors covered by the survey—trade, manufacturing and ‘other services’—growth in value added for the average establishment between 2010-11 and 2015-16 was 9-13% per year.

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History of this topic

Quick commerce in India: Boon or bubble waiting to burst?
Trending News
6 days, 9 hours ago

Quick commerce in India: Boon or bubble waiting to burst?

Live Mint  

Quick commerce has rapidly emerged as a fast-growing segment and a game-changer in India’s retail industry, merging the convenience of e-commerce with ultra-fast deliveries. Key players and market dynamics India’s q-commerce sector is dominated by Blinkit, Zepto, and Swiggy’s Instamart. According to news reports, q-commerce platforms have diverted approximately $1.28 billion in sales from these stores, representing 21% of the …

FRAI Urges Govt To Provide Enhanced Tech Platforms To Kirana Stores To Help Them Compete With Quick Commerce
2 weeks ago

FRAI Urges Govt To Provide Enhanced Tech Platforms To Kirana Stores To Help Them Compete With Quick Commerce

ABP News  

The Federation of Retailer Association of India on Tuesday called on the authorities to provide advanced technology to Kirana stores. “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,” the FRAI said. Abhaj Raj Mishra, Honorary Spokesperson, FRAI, said, “With new technologies …

Zepto Cafe to get separate app, 100 new cafés a month, reveals Aadit Palicha; what’s brewing in 10-min delivery space?
4 weeks ago

Zepto Cafe to get separate app, 100 new cafés a month, reveals Aadit Palicha; what’s brewing in 10-min delivery space?

Live Mint  

Aadit Palicha, co-founder of Zepto, announced via Twitter that the company is set to launch a dedicated app for Zepto Café next week. According to Palicha's tweet, the company is now opening over 100 new Cafés each month and handling more than 30,000 daily orders. Defending the quick commerce model Palicha strongly refuted claims that quick commerce disrupts traditional kirana …

Myntra enters quick-commerce market with M-Now, to deliver goods in 30 minutes
1 month ago

Myntra enters quick-commerce market with M-Now, to deliver goods in 30 minutes

Hindustan Times  

Myntra today launched “M-Now,” its quick-commerce offering that promises to deliver apparel and other lifestyle accessories within 30 minutes. Myntra doesn't want to be left behind in the transition, with the country’s largest fashion e-commerce brand saying that its M-Now service will offer customers access to 10,000 styles across fashion, beauty and lifestyle categories from popular brands like Vero Moda, …

'Slow' ain't steady in retail anymore: How kiranas are fast losing out to Q-comm
1 month, 1 week ago

'Slow' ain't steady in retail anymore: How kiranas are fast losing out to Q-comm

India Today  

Quick commerce platforms, including top players like Blinkit, Zepto and Swiggy Instamart, hold just 1 per cent of the overall $570 billion Indian grocery market, but are posing a significant threat to the traditional kirana retail, which controls over 90 per cent market share, due to their attractive selling proposition of delivering goods within 10-20 minutes. The report ‘State of …

Zepto’s Aadit Palicha says quick commerce has not hurt kirana stores: ’Will create more jobs than Railways in 2-3 years’
1 month, 2 weeks ago

Zepto’s Aadit Palicha says quick commerce has not hurt kirana stores: ’Will create more jobs than Railways in 2-3 years’

Live Mint  

Zepto founder Aadith Palicha has claimed that quick commerce platforms have not hurt traditional kirana stores and that the industry has created jobs in the economy. Palicha said in an interview with Moneycontrol that the idea of traditional kirana stores being impacted by quick commerce brands such as Zepto, Blinkit, BigBasket, and Instamart was false. “Their own data shows that …

Quick commerce doesn't hurt kirana stores, creates more jobs than Indian Railways, Zepto founder Aadit Palicha says
1 month, 2 weeks ago

Quick commerce doesn't hurt kirana stores, creates more jobs than Indian Railways, Zepto founder Aadit Palicha says

Hindustan Times  

Zepto co-founder Aadit Palicha said quick commerce doesn't hurt traditional kirana stores and that it is a net job creator as well. Zepto delivery partners waiting for delivery orders in Mumbai on June 10, 2023 Palicha dismissed the whole idea of kirana stores being affected by the rise of quick commerce firms like Zepto, Blinkit, Instamart, and BigBasket, calling it …

Quick-Commerce’s Predatory Pricing Affecting Kirana Stores: CAIT
1 month, 3 weeks ago

Quick-Commerce’s Predatory Pricing Affecting Kirana Stores: CAIT

Deccan Chronicle  

Chennai: The fast-growing quick-commerce players have raised over Rs 54,000 crore as FDI and they are using a major share of the money to offer discounts and predatory pricing, which in turn is affecting the business of Kirana shops, alleges an industry body. This predatory pricing pulls customers away from Kirana shops, crippling their ability to compete,” a white paper …

Quick commerce hottest category: Swiggy co-founder
2 months ago

Quick commerce hottest category: Swiggy co-founder

New Indian Express  

BENGALURU: Quick commerce is the hottest category with its fast growth, large TAM, as the category can be $30-$50 billion in four years, supported by strong CAGR, said Swiggy co-founder and group CEO Sriharsha Majety. “Consumer preferences, needs and wants, everything is getting developed and emerging as we go into the next phase of quick commerce,” he said. Launched in …

Swiggy's Rapid Expansion into Quick Commerce: A Bold Venture into the Future of Retail
2 months, 1 week ago

Swiggy's Rapid Expansion into Quick Commerce: A Bold Venture into the Future of Retail

Live Mint  

Swiggy's co-founder and CEO Sriharsha Majety has stated that customer experience, and not capital, will ultimately drive the fortunes of quick commerce platforms. He highlighted the company's recent investments in food and medicine delivery services, as well as its expansion into new categories such as Bolt and PharmEasy.

Despair in kiranas as quick commerce roars ahead
4 months, 1 week ago

Despair in kiranas as quick commerce roars ahead

Live Mint  

“We’re essentially reduced to window shopping or serving our loyal customers," said 45-year-old Vikas Katyal, who runs Katyal General trade store in Delhi's Lajpat Nagar area. On Friday, a national distributors’ association—All India Consumer Products Distributors Federation —wrote to trade and industry minister Piyush Goyal expressing concerns over the popularity of quick commerce. The unchecked expansion of quick commerce platforms …

Quick commerce firms expanding ops beyond groceries, food delivery
7 months, 3 weeks ago

Quick commerce firms expanding ops beyond groceries, food delivery

New Indian Express  

NEW DELHI: The quick commerce segment is heating up as many firms are now entering quick delivery and looking beyond groceries and food delivery. Earlier this month, Swiggy Instamart started delivering movie merchandise, marking a new category in the quick commerce industry. When players such as Zepto and Blinkit pivoted the quick commerce segment, experts questioned the model, safety of …

What keeps the kirana store alive?: An essay by Ambi Parameswaran
11 months, 1 week ago

What keeps the kirana store alive?: An essay by Ambi Parameswaran

Hindustan Times  

A friend who was national sales director at a large FMCG / consumer goods multi-national company narrated this story to me almost 15 years ago. The next day, in the boardroom, the global CEO posed a question to his India team: “What is the current contribution of modern trade to our sales? In his book It Happened in India, India’s …

New-age, self-service kirana stores are transforming India's retail dynamics
1 year, 2 months ago

New-age, self-service kirana stores are transforming India's retail dynamics

Live Mint  

India's consumption heavily leans towards essentials, with food and groceries comprising 50% of retail intake. Meanwhile, organized retail, or modern trade, introduced about two decades ago, has gradually expanded due to its vast product range, self-service, and shopping experience. Thus, social status upgradation is also a reason for the younger generation of retailers to venture into opening independent self-service stores. …

Digitising Indian retail: Looking at challenges and exploring growth models
3 years, 5 months ago

Digitising Indian retail: Looking at challenges and exploring growth models

Hindustan Times  

According to the United Nations Conference on Trade and Development’s B2C E-commerce Index 2019, India ranks 73 out of 152 countries on its readiness to support online shopping.1 India leads among South Asian countries, while Asian states like Iran, China, Kazakhstan, Azerbaijan, Vietnam and Tunisia fare better than it on the index. Nevertheless, India’s domestic e-commerce market is expected to …

Over 1 lakh local shops, kiranas to facilitate Amazon India's delivery this festive season
4 years, 3 months ago

Over 1 lakh local shops, kiranas to facilitate Amazon India's delivery this festive season

India TV News  

E-commerce major Amazon India on Sunday said it has enabled over one lakh local shops, kiranas and neighbourhood stores across the country through its various initiatives to facilitate the delivery of packages this festive season. Amazon India said it has over 50,000 Amazon Easy stores across the country, which provides assisted shopping for 'new to e-commerce' customers. Under this model, …

Kiranas steal a march over large stores
4 years, 5 months ago

Kiranas steal a march over large stores

Live Mint  

Shoppers of fast-moving consumer goods moved away from large department stores to obliging neighbourhood kiranas and online sellers in June, as they stuck to social distancing norms in the first phase of the Indian unlock. However, as India moved to unlock in early June, footfalls and sales in large stores dwindled—consumers clearly opted back for their traditional neighbourhood suppliers. In …

40 per cent spike in consumer spend at kirana stores during lockdown
4 years, 8 months ago

40 per cent spike in consumer spend at kirana stores during lockdown

New Indian Express  

NEW DELHI: Consumer expenditure for essential goods at kirana stores has increased by around 40 per cent since the announcement of the nationwide lockdown, a report by SnapBizz said on Tuesday. The study also found a decline in the number of kirana stores operating ever since the lockdown took effect for various reasons. The study analysed over 17 lakh consumer …

‘We help transform kirana shops into convenience stores’
5 years, 2 months ago

‘We help transform kirana shops into convenience stores’

Live Mint  

—Karthik Venkateswaran, co-founder and CEO, Jumbotail We serve thousands of kirana stores and make it convenient for them to procure a wide selection of staples and fast moving consumer goods, reliably delivered to storefronts using our in-house supply chain and logistics. Entrepreneurs who planned to set up new kirana stores wanted us to bootstrap their entire product selection from the …

India’s Kirana stores can hold their own against Amazon and Walmart, says Silicon Valley tech investor
5 years, 3 months ago

India’s Kirana stores can hold their own against Amazon and Walmart, says Silicon Valley tech investor

Hindustan Times  

One of the most successful Silicon Valley-Asia venture capital firms is counting on the humble mom-and-pop store that dominates India’s retail landscape to hold its own against Amazon.com Inc. and Walmart Inc. A kirana or neighbourhood store in Sat Nagar, Karol Bagh, in New Delhi. “It’s all about powering the little guys,” said Hans Tung, managing partner, in a recent …

RIL’s ’new commerce’ to revolutionise 3 crore kirana stores: Mukesh Ambani
5 years, 4 months ago

RIL’s ’new commerce’ to revolutionise 3 crore kirana stores: Mukesh Ambani

Live Mint  

Reliance Industries is working towards empowering the 3 crore merchants and kirana shop owners with its end-to-end digital and physical distribution stack new commerce, its chairman Mukesh Ambani said today. Speaking to shareholders at RIL's 42nd Annual General Meeting, Mukesh Ambani said the company's retail arm will soon unveil Reliance 'new commerce'. "I believe that the small must not only …

Reliance to digitise 5 million kirana stores by 2023
5 years, 7 months ago

Reliance to digitise 5 million kirana stores by 2023

India TV News  

Mukesh Ambani-led Reliance Industries' entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said. As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries. Overall, …

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