- 0.1 Vaibhav, 31, has helped increase its revenues by rejuvenating more than 100 supermarkets in a dozen cities.
- 1 Startup Success Story: A young man living in Saharanpur, Uttar Pradesh, retired from a good salary job at a multinational company and started a supermarket startup. Now they earn about 5 crore rupees annually with this startup. However, he also had to work hard for this.
Vaibhav, 31, has helped increase its revenues by rejuvenating more than 100 supermarkets in a dozen cities.
Startup Success Story: A young man living in Saharanpur, Uttar Pradesh, retired from a good salary job at a multinational company and started a supermarket startup. Now they earn about 5 crore rupees annually with this startup. However, he also had to work hard for this.
- News 18
- Last updated:February 10, 2021, 9:44 am IST
First of all, father’s shop was rejuvenated Vaibhav decided to quit this job within a year and make a change in his father’s grocery store. In 2018 he made several changes to this store. He changed the way of storing products in this store and also designed software to collect information about product sales and their inventory management. They removed the products from the store that were at a loss due to low sales and kept all the products in the store so that they would be noticed by the customers. For example, their number of customers and their spending capacity increased. READ ALSO: Taught as a child with disabilities, started empowered startups to empower the weak, now sales of 12 Crores 100 shops in small towns changed fate This change reached the people in their stores through word of mouth. In this way, after seeing his shop, a person requested to change his shop in the same way. After putting a little more emphasis through digital marketing, a few more people asked them to switch stores. This is how Vaibhav launched its startup. Vaibhav says he will have changed the image of more than 100 stores in about 12 cities by January 2021. Most of these are from Tier-II and Tier-III cities. Speaking of his experience, people are willing to make changes in the grocery business, but they are not getting such services that will allow them to receive guidance. Most supermarkets date back to the days of grandfather or father. They have not changed with time and the changing market. This startup is also working to set up a new store The Vaibhav startup not only works to change the old store, but also helps build a new store from the very beginning. With the help of this startup, customers also have the option to bring some products. Aside from fees, they charge Rs 1,000 per month from each store for software and analytics. The analysis report is issued every 15 days so that the retailer can make the necessary changes to their store. In addition to managing inventory, it also helps boost business. READ ALSO: Always upgrading like cell phone is a job, it’s important to know these mantras to stay up to date What is the biggest challenge of this startup In the 2019-20 fiscal year, this startup generated a turnover of 1 crore rupees. It is expected to increase to Rs 5 crore by March 2020-21. Vaibhav goes on to explain that his company’s most difficult task is to prepare the customers to make changes in their store. They must provide information about the profit generated by this change. Apart from this, customers should also explain the costs incurred. This startup has turned many stores between Rs 7 lakh and Rs 30 lakh. It takes them 6 months to 1 year.