Will Udaan be India’s Alibaba
Udaan has been the buzzing name in B2B platforms. By becoming the fastest unicorn in India, Udaan is making all the right noise. Udaan began its operations in 2016 by providing logistics for staples, electronics, and apparel. Since its launch, Udaan has become a harbinger of hope for the traditional retail supply chain. It has already being likened to the likes of Alibaba and Flipkart. Let’s explore how Udaan started, how it is helping business in India, and importantly will it be India’s Alibaba.
Idea behind Udaan
Three ex-Flipkart employees Amod Malviya, Sujeet Kumar, Vaibhav Gupta quit around the same time. They did not have a business idea, nor were they planning anything together at the time of quitting. All they had in mind was to
Continue reading Udaan – Will it be able to help B2B business takeoff?
How local innovation is fueling Indian storefronts.
Digital Kirana is the buzzword in the Indian retail segment. Languishing storefronts could see a strong disruption coming with the aid of technology. In the previous article, we saw how mega-companies like Reliance, Amazon, and Metro have started to make in-roads in this segment. These companies have forayed in this segment very recently. A few startups, however, have already lead innovation in this space since 2012. Some unique and market fit solutions have been evangelized. Let’s look at some of these challenger start-ups who are leading the face-lift of traditional Kirana stores.
Continue reading Start-up innovation in Digital Kirana
In the recently concluded AGM of India’s largest company Reliance Industries Limited, major announcements were made. One of the highlights of this most viewed corporate event was to digitize the local storefronts in India. Launch of Reliance Digital Kirana initiative could lead to re-birth of otherwise disregarded Kirana stores. Let’s look at how Kirana store’s common problems and how mega retail companies plan to solve them.
Problem Areas of Kirana Stores
Local storefronts in India also known as Kirana stores have had a tough time in the recent past. With many e-commerce aggregators and shopping malls, Kirana stores faced a steep fall in revenue. Considering their small shops and not well-planned inventory added to a poor experience, further pushing away retail customers. Manual billing was always a challenge and GST introduction in 2017 added to their vows. The 12 Million plus retail stores were left to their fates.
Continue reading Giant push for Digital Kirana – The big players