Business Standard

Kirana stores adopt technology, discount schemes to take on big rivals

Local stores are still a major player in India as they constitute more than 90% of FMGC grocery sales

Kirana stores, Paytm
Premium

A study found that young consumers (up to 30 years of age) were key to drive cashless payments

BS Web Team
Traditional stores are increasingly adopting modern technologies and business strategies to bring innovative marketing methods such as special discounts and loyalty points alerts for its customers. This business model, until recently, was only being used by modern traders and ecommerce players.

"Neighbourhood retail stores are fast evolving with the adoption of technology to serve the changing shopper aspirations and needs," a spokesperson of Hindustan Unilever told The Economic Times.

The FMGC company along with other top consumer product makers and technology service providers like Ratan Tata-backed Snapbizz, ShopKirana and Storeking are backing the shopkeepers in this transition. The technology firms

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in