CosmicTaco

Kirana Stores Shutting Down Amid Quick Commerce Competition

CosmicTaco · 2024-11-01T14:09:11.963722+05:30

- Nearly 2 lakh kirana stores have closed due to the rise of quick commerce platforms. - The All India Consumer Products Distributors Federation (AICPDF) reports that 45% of the shutdowns occurred in metropolitan areas, followed by Tier 1 cities (30%) and Tier 2/3 cities (25%). - Quick commerce platforms are accused of predatory pricing, offering heavy discounts to establish a market monopoly. - Kirana stores are adapting by accepting orders via WhatsApp and phone calls, and exploring ways to establish an online presence. - The AICPDF has voiced concerns to the government and the Competition Commission of India about the rapid growth of the quick commerce sector. Source: [Outlook Business](https://www.outlookbusiness.com/start-up/news/nearly-2-lakh-kirana-stores-close-as-battle-for-survival-against-quick-commerce-players-intensifies)

Nearly 2 lakh kirana stores have closed due to the rise of quick commerce platforms.
The All India Consumer Products Distributors Federation (AICPDF) reports that 45% of the shutdowns occurred in metropolitan areas, followed by Tier 1 cities (30%) and Tier 2/3 cities (25%).
Quick commerce platforms are accused of predatory pricing, offering heavy discounts to establish a market monopoly.
Kirana stores are adapting by accepting orders via WhatsApp and phone calls, and exploring ways to establish an online presence.
The AICPDF has voiced concerns to the government and the Competition Commission of India about the rapid growth of the quick commerce sector.

Source: Outlook Business