#kiranastore

[vilcart]

Vilcart is the trusted Best friend of Rural Kirana and Formers.

VilCart "Wishes Happy International Friendship Day"

[soulpaybanking]

Kirana Stores Future With SOULPAY Fintech Services

In recent times, financial technology (fintech) companies have been paying a lot of attention to the good old neighborhood Kirana stores. The majority of fintech companies’ Fintech Services are focused on coming up with ways to make these stores’ operations run more smoothly, whether by launching apps or point of sale (POS) systems, as they have access to a huge amount of consumer data.

SOULPAY, a leading money transfer app, began engaging with Kirana stores through its Agent Banking system, which enables retailers to provide services like cash dispensing to end consumers. It presently has partnerships with over 8.5 lakh retailers. A hyperlocal delivery app for general store retailers has recently been launched by the company.

[secretstalks]

How Quick commerce affects Kiranas compared to e-commerce

Sahil Barua, CEO of Delhivery, a leading logistics firm, recently shared his insights on the company's performance and future strategies in an interview with ET’s Pranav Mukul and Samidha Sharma. Barua discussed various aspects of Delhivery’s operations, including the sustainability of rapid delivery models, revenue growth challenges, and market outlooks.

On Delivery Models and Sustainability:

Barua expressed skepticism about the long-term viability of ultra-fast delivery models, such as 10-15 minute deliveries, beyond groceries and fast-moving consumer goods. He predicts that as the costs of these expedited services become clearer, delivery timelines are likely to extend. Delhivery is responding by focusing on 2-4 hour deliveries through a new network of shared dark stores for brands and e-commerce players. Barua emphasized that Delhivery will steer clear of instant delivery services, opting instead for more feasible and sustainable delivery windows.

Revenue Growth and Market Conditions:

Delhivery has faced slow revenue growth recently. Barua pointed out that the company's e-commerce express parcel business is a reflection of current market conditions. The launch of Meesho’s logistics vertical, Valmo, has reduced the overall volume available to third-party logistics providers, although Delhivery has been less affected due to its limited reliance on Meesho. The company is also in the process of renegotiating contracts with clients, which is affecting the speed of volume growth.

Future Focus and Challenges:

Looking ahead, Delhivery’s primary focus remains on its part-truck load (PTL) business. As this segment grows and becomes more efficient, including express shipments, it has contributed to improved profitability. The company has successfully captured market share from both organized competitors and traditional, unorganized sectors. However, the truckload business has encountered challenges due to factors such as elections and adverse weather conditions.

Growth Outlook:

Barua anticipates a volatile but growth-oriented outlook for the next six to nine months. While the company’s performance in July and August has met expectations, predicting future trends in the e-commerce sector remains challenging.

Stock Performance and Market Perceptions:

Delhivery's stock has yet to recover to its IPO price of Rs 487. Barua noted that he cannot offer specific insights into stock price fluctuations but remains focused on guiding the company to serve its stakeholders effectively, regardless of market valuations.

IPO Market Trends:

Barua acknowledged the recent trend of startup IPOs being priced more moderately compared to the high valuations seen in 2021. He views the availability of public markets for startups as a positive development, crucial for fostering innovative enterprises, despite occasional setbacks. He believes that supporting businesses in their public offerings is a wise long-term strategy.

Holiday Season Outlook:

Barua does not expect a dramatic breakthrough in e-commerce growth for the holiday season. While a 23-24% growth rate is unlikely, he anticipates a more modest increase of 15-18%. He highlighted that cost-cutting measures have been critical to ensuring the sustainability of the company, emphasizing that maintaining low costs is essential for long-term viability.

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[trulovewafers]

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[lapalap]

#Lohri #Lapalap #grocery #onlinegrocery #onlinegrocerystore #kirana #kiranastore #onlinegroceryinchandigarh #grocerystoreinchd #grocerystoreinchandigarh #fmcg #india #groceryshopping #celebration (at Lapalap) https://www.instagram.com/p/CYo7baehW6g/?utm_medium=tumblr

[corporatelotswholesale]

LOTS provides the best customer service, the brand is using perfect blending technology with a personalised touch and facilitates an immersive offline-to-online (O2O) experience.

[mayovi]

ElasticRun ने $400 Mn वैल्यूएशन पर $75 Mn की फंडिंग प्राप्त किया। ElasticRun raised $75 Mn funding at a $400 Mn valuation. 2015 में स्थापित, पुणे स्थित किराना कॉमर्स प्लेटफॉर्म ElasticRun ने सीरीज डी राउंड में $75 मिलियन की फंडिंग प्राप्त किया। यह राउंड का नेतृत्व Avataar Venture Partners, Prosus Ventures और Kalaari Capital ने किया है। इस लेटेस्ट फंडिंग के साथ, ElasticRun की वैल्यूएशन $400 मिलियन हुवा। यह फंड कंपनी की ग्रामीण बाजारों में पहुंच बढ़ाने में मदद करेगा। Founded in 2015, Pune-based kirana commerce platform ElasticRun raised $75 million funding in the Series D round. The round is led by Avataar Venture Partners, Prosus Ventures and Kalaari Capital. With this latest funding, ElasticRun was valued at $400 million. The fund will help the company expand its reach in rural markets. #elasticrun #ruraldevelopment #ruralarea #villagebusiness #ruralindia #kiranastore #kiranashop #kiranadress #momandpopshop #momandpop #momandpops #momandpopbusinessownersday #businessdevelopmentcenter (at Pune, Maharashtra) https://www.instagram.com/p/COVeN2rHRDM/?igshid=2omrx7p3xxgu

[appscrip]

Kirana stores still rule the Indian retail market. Know how they are still relevant and transforming to hyperlocal online grocery stores.

[amols-world]

#foodmart #foodmartsupermarket #grocery #groceryshopping #grocerystore #grocerydelivery #grocerystores #kirana #kiranastore #rationshop #rationshops #rationshopping #rationshoppurchase #khargharsector34and35 #khargharsector12 #khargharsector10 #kharghar_official #khargharnavimumbai #kharghar_410210 #kharghar_city #khargharblog #freehomedelivery🏘️🤗 #sanatizedallday #newstock‼️ #customerfeedback #customerrequests❤️ #pleasecomments #supportsmallbusiness #supportlocal #supportsmallbusiness (at Kharghar, India) https://www.instagram.com/p/CIQV-kTFYMM/?igshid=pzrf3ev45f30

[vilcart]

We are Happy to Announce that Suryakash Refined Sunflower Oil from the house of VilCart is honoured to be awarded as "Emerging Brand of the Year 2024" by Times Business Awards at Bengaluru.

[lapalap]

#Lapalap #grocery #onlinegrocery #onlinegrocerystore #kirana #kiranastore #onlinegroceryinchandigarh #grocerystoreinchd #grocerystoreinchandigarh #venturecapital #fmcg #privateequity #softbank #sequoia https://www.instagram.com/p/CYjz5kch3zD/?utm_medium=tumblr

[takeawaycoffeeindore]

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[vivek-panchal]

‘More & More Customers at your Supermarket/ Grocery Store’, doesn’t this sounds good? Delight your Customers & Expand your Sales with Lucrative Offers, Discounts, Schemes & Loyalty Point System & make this true. www.margerp.com #RestartWithMarg #MargERP #DigitalBusiness #MargForYou #MargEveryday#fmcg #supermart #retailowner #retailstore #smalltrader #smallbusiness #smallbusinessowner #msme #MSME #kiranastore https://www.instagram.com/p/CC-Y4H_gv_I/?igshid=fwrd619ltv7d

[lokalybiz]

Are You Looking For Online Khata in Your Kirana Store? Connecting To Lokaly Application and Register Your Business Now.