Nearby Grocer

We at Nearby grocer are working towards building complete cloud-based tools for Retail stores and BIG DATA analytics by integrating the inventory to their online store-front.

October -November 2019: Product ideation and market research. We incorporated the company.

January-February 2020: Product Development initiated and Strategic collaboration with 3rd party ERP based in Mumbai.

March- April 2020: BETA VERSION Launched with a few stores in Vapi, Gujarat.

July-Aug 2020: Further Integrations supporting ORDER MANAGEMENT and others.

Oct-Nov 2020: Onboarding started with 50+ supermarkets and

Nov-Dec 2020: Product enhancement - V.2 API launched and 1000+ stores are in pipeline to get onboarded in upcoming days.

March 2021:- Initiated development of ERP system

In the grocery sector only, India is currently the sixth-largest country in the world.
According to a recently released TechSci Research report, the online grocery market in India is projected to grow at a CAGR of 55% during 2016 - 2021.
The market is anticipated to expand at a high compound annual growth rate (CAGR) of ~68.66% during the 2018-2023 period, to reach a value of INR 1,034.13 Bn by 2023, from its 2018 value of INR 62.01 Bn.
India’s online grocery delivery market is expected to see a 76% year-on-year increase in sales.

Internet penetration in India grew from just 4% in 2007 to 52.08% in 2019, registering a CAGR of 24% between 2007 and 2019. The number of internet users in India is expected to increase from 687.62 million as of September 2019 to 829 million by 2021.

Sources: https://docs.google.com/document/d/1KCZP9gh4uRdmbw35h7rz8OCJNUBDXgxCf4kcYsWgOiQ/edit

Problem to Retailers:-

The surge in the demand for online groceries

Costly operations as online grocer manage their inventory

Less adaptation of technology

Less awareness about digitization and its benefits

Costly infrastructure for management

Less technical knowledge or expertise


Opportunity:-

Online grocery retailing is the smallest retail channel (representing 5 percent of total retail grocery sales), it is the fastest-growing retail segment and the one with the highest potential.
In the grocery sector only, India is currently the sixth-largest country in the world.

The solution to Retailers:-

A complete 360-degree solution that manages stock, inventory, omnichannel integration for users providing an offline/online seamless experience.

Retail store upliftment

Digitized workflow helps in operations handling

Support for Operations, Marketing, Branding, etc to these Hyper-local Small Business

Easy user relationship and the upgraded services now act as a channel to drive additional sales/revenue.

Online transactions and automated workflow

Less inventory holding cost & data analytics

The rest of the details are already provided in Pitch Deck.

Zoho, Marg, GoFrugal.

The rest of the details are already provided in Pitch Deck.

1) Monthly/Yearly Subscription (SaaS Model)
The main revenue source for NearbyGrocer, where retail stores will be using our services at a very affordable rate.

2) Additional Commission
After crossing monthly orders ( for example 300)or the total value of INR 1 Lakh in gross sales, per order ( for example INR 5 / order ) will be charged to retail stores.

3) Data Analysis
As stores will be online, visibility of their sales, transaction volume data will help in gaining a rich layer of analytics that will provide insights for FMCG brands, market research organizations & financial institutions.

Future Potential
Large Expected User Base + High-quality User Data + Premium Targeted Ads = High Profit Potential

Please check the below Link.

https://drive.google.com/file/d/1DGuWjjdvcxfzv6eg3xp39131U1u-XDEf/view?usp=sharing

Product Development/enhancement, Team expansion, and customer acquisition (sales and marketing).

5% Share

STRENGTHS

Competitive Advantages
Unique Selling Proposition
Advanced Technology
Time Savvy Management
Existing Customer Base

WEAKNESSES

Premise/Location
Weak additional employment
Lack of Capital

OPPORTUNITIES

Tap into the world’s largest online grocery market
Uplift and digitize millions of small retailers
Rising Demand & Fast Growth
Boost the Indian economy

THREATS

Less awareness of technology adaptation
Unavailability of basic services i.e. electricity & internet (might be a threat)
Emerging competitors

Nearby Grocer manages its rank in the top 10 finalists under the acceleration program of CIIE- IIMA during March'20 and incubated under the Startup Buddy Launchpad 1.0 program during July'20.

We have been in the top 10 startups in multiple programs like startup buddy launchpad, CIIE IIMA, India Accelerator and etc.