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According to sources, the funding will help the start-up sustain its business for a while following large-scale downsizing and funding deal cancellations. ....
New Delhi [India], November 26 (ANI/PRNewswire): India's USD 932 billion retail landscape dominated by kirana stores; proving to be the backbone of the country's economy. There are projections that the market will gross more than USD 1.3 trillion by 2024. One of the standout segments within the market is the kirana - small and medium-sized outlets which make up around 76 per cent of the industry. Available data show that there are at least 13 million of these grocery kirana stores in India, contributing billions in dollars to the Indian economy and empowering several millions, while also supporting livelihoods in the country. The idea of kirana stores lies in their proximity with the local people. The process of walk-ins and physical interaction is more than just economic, but also boosts social interactions. However, there is a need to build resilience and adapt to evolving trends, especially with regards to digital technology adoption. The kirana industry is facing a lot of c ....