Google News
spot_img

1K Kirana aims to triple partner base by 2023

Must Read

1K Kirana aims to triple the number of stores it partners with to 5,000 stores by end of next year

New Delhi: 1K Kirana, which offers business strategies and solutions to kirana stores is looking to triple its partner base by end of 2023, the brand said in a release.  The brand currently has more than 3 lakh active users on its platform.

“Kiranas play an important role in the Indian consumption ecosystem. We are looking to expand tremendously with a total of 5,000 stores planned by the end of 2023,” Kumar Sangeteesh, Founder & CEO, of the company said.

“The aim is to build resilience and grow to become part of a future that is relevant and responsive to change,” he added.

Kirana stores dominate India’s $932 billion retail landscape. There are at least 13 million kirana stores in India. These small and medium-sized retail stores make up around 76% of the industry.

However, many kiranas are at a nascent stage of technology adoption, leaving a great opportunity for players like 1K Kirana.

 

Latest News

FinTech major Intellect targets $30-35 million business with its new solutions by 2027

The new solutions launched are in the area of corporate procurement and accounts payable and are aimed at mid...