Live Breaking News & Updates on Eptember 27 Ani Pnn Flourish Ventures

Mumbai (Maharashtra) [India], September 27 (ANI/PNN): Flourish Ventures, a global venture capital firm, today released a new study that confirmed the importance of corner shops (locally also known as kirana) in India. The India Spotlight report is part of Flourish's Digitizing the Corner Shop report, conducted in partnership with research firm 60 Decibels and e-commerce platform ApnaKlub. According to the report, 90 per cent (US USD 540 billion out of US USD 600 billion)of grocery sales are conducted via kirana. The report further iterates that about 92 per cent of the Indian respondents intended to purchase as much or more from their local kirana store in the future. And over 80 per cent of Indians purchased more groceries from a local kirana store during the Covid lockdown The global report surveyed shopkeepers and corner shop customers across India, Egypt, Brazil, and Indonesia, and developed a framework to understand the digitized corner shop opportunity. The report discovered ....

Bain Company , Flourish Ventures , India Spotlight , Corner Shop , Harsh Gupta , Mumbai Maharashtra India , Eptember 27 Ani Pnn Flourish Ventures , A Global Venture Capital Firm , Oday Releaseda New Study That Confirmed The Importance Of Corner Shops Locally Also Known As Kirana In India Spotlight Report Is Part Flourish 39s Digitizing Shop , Onducted In Partnership With Research Firm 60 Decibels Ande Commerce Platform Apnaklub According To The Report , 0 Per Cent Us Usd 540 Billion Out Of 600 Grocery Sales Are Conducted Via Kirana The Report Further Iterates That About 92 Indian Respondents Intended To Purchase As Much Or More From Their Local Store In Future And Over 80 Indians Purchased Groceries Froma During Covid Lockdown Global Surveyed Shopkeepers Corner Shop Customers Across India , End Indonesia , Nd Developeda Framework To Understand The Digitized Corner Shop Opportunity Report Discovered That In All Four Markets , Echnology Start Ups Are Providing Corner Shops With Low Cost And Online Tools Which Can Unlocka 60 100 Per Cent Increase In Shop Earnings When Implemented At Scale Within The India Research , He Study Surveyed 200 Kirana And 198 Of Their Customers To Learn First Hand About The Kiranas 39 Business Pain Points , Competitive Threats , Nd Digital Behaviours The Findings Reveal That Despite Macro Headwinds Of Inflation , Pandemic Disruptions , Nd Competition Frome Commerce , Ot Only Are Kirana Stores Surviving As Essential Partsof Local Economies , Hey Also Have An Opportunity To Thrive By Digitising Key Areas Of Business Commenting On The Report , Harsh Gupta , Investor India , T Flourish Ventures Said , Uot Kiranas Are Not Going Away They Integral To Local Communities Anda Significant Part Of India 39s Overall Retail Ecosystem These Small Shops Uniquely Positioned With Their Customers , Hich We Expect Will Help Them Hold Up Under Competitive Pressure From Bigger Stores The Small Shops Can Also Maintain Competitiveness Through Digitising And Automating Business Functions Quot Gupta Further Adds ,