Kirana King does not run on a franchise model but it thrives to help retailers on retaining their store without giving up ownership or spending upfront. All they have to do is manage the stores and earn profits. Each store they convert is on average 500 square foot and it takes under a lakh to transform.
Full Answer
Who is the owner of Kirana King?
Anup K Kumar FounderEnvisioning always big in life, Mr. Anup has made a concrete name of repute today as a Founder & CEO of Kirana King. His humble beginning, with education in the commerce background saw its evolution through his versatile experiences since 1996.
How does Kirana King work?
A food and grocery retail aggregation platform, Kirana King connects food manufacturers, FMCG brands and retailers, creating a distribution ecosystem through hyperlocal channel partners.
What is profit in Kirana store?
5% to 20%An average kirana store's profit margin ranges from 5% to 20%. While an independent kirana store earns a margin of 1-4%, bigger grocery store brands make above 5%. It's profitable also because opening a kirana shop doesn't involve overwhelming costs.
What is Kirana model?
The kirana store has tacit knowledge of the context in which the customer operates, that modern trade doesn't. The kirana stores have always offer free credit and doorstep delivery. While the shops have limited space, the owners leverage the wholesaler or distributer as a warehouse for the inventory to keep costs low.
What does 1K Kirana do?
1K Kirana provides a technology platform to grocery stores in smaller towns and cities across India .
How much does a Kirana shop owner earns?
The profit margins of an average kirana store range from 5% to 20%. An independent kirana shop gets a margin of 1-4%, while bigger kirana store brands make over 5%. It's profitable also because opening a kirana shop doesn't involve overwhelming costs.
Do Kirana shops pay tax?
The basic circles affected greatly by the introduction of GST are the Kirana stores and the shopkeepers. GST is profitable in combining several taxes altogether, but these taxes have a high rate, ranging between 12% to 18%. That is a sort of tax burden on the small sellers and merchants.
Which business has highest margin?
A few high profit margin small businesses include the following:Scrap collection.Delivery business.App development.Travel agency business.Setting up an online bakery.Selling home improvement or home decor equipment.Organic farming.Interior designing services.More items...•
How do I run a successful Kirana shop?
7 Top Business Mantra For Kirana Store To Increase 20-30% Of...Take Your Kirana Store Online.Open Store on Weekends.Kirana Store Website.Spy Competition & Competitors.Focus on Customer Engagement.Understand Customer Preference.Improve Customer Service.
What is flipkart Kirana program?
The Flipkart Kirana program combines the strength of these long-standing institutions with that of modern technology to create inclusive growth for store-owners and access for customers. Read on as we follow the lives of four of our Kirana partners across India.
What is flipkart Kirana partner?
Launched in 2019, Flipkart's Kirana delivery programme helps onboard local general trade stores, or kiranas, as delivery partners based on their availability and storage space.
What is Kirana shop called in English?
A grocery or a grocery store is a grocer's shop. In India, a kirana is a small grocery shop or general store.
How does JioMart Kirana work?
JioMart - How Does it Work? JioMart is an online grocery store that provides 50,000+ grocery products at discounted rates at your doorstep through an express delivery system. It follows an on-demand model. The company will avoid the system of warehousing and partner with local retailers instead.
Which app is best for Kirana store?
6 Best Grocery Delivery Apps for youBigbasket: The best grocery delivery app. Bigbasket has to be on the list when we mention the grocery delivery apps. ... Grofers: Grocery delivery app. ... Flipkart Supermart: ... Dunzo: ... Spencer's: ... Nature's Basket:
How does grocery app make money?
Instacart makes money through revenue sharing, delivery fees, mark-ups on prices, premium subscription fees, and in-app advertising.
Who is the owner of megamart?
Thakurdas Choithram PagaraniAbout the founder Our founder Thakurdas Choithram Pagarani, opened a small grocery store in Freetown, Sierra Leone in 1944 and set in motion a success story that continues to this day.