In this article, we will learn how to get a Patanjali franchise but before that, let us know Patanjali Ayurved as a brand and business.

Patanjali Ayurveda

Patanjali Ayurved Limited is an Indian consumer goods company based in the Haridwar, Uttarakhand industrial district, with production units and headquarters, though its registered office is in Delhi. The company produces mineral and herbal products. Patanjali is the fastest growing FMCG firm in India, according to CLSA and HSBC.

It’s estimated value is at about 3,000 crores (equivalent to about 35 billion or 490 million USD in 2019). Estimate sales for fiscal 2015-16 was of about 5,000 crores (700 million USD).

Patanjali announced that its 2016-17 annual turnover was valued at approximately 10,216 crores ( US$ 1.4 billion). As of 2018, it was ranked 13th in the list of most trusted Indian brands (The Brand Loyalty Report) and ranks first in the category of FMCG.

Why go for Patanjali Franchise?

In the region, Patanjali has now become a household commodity. And so, it’s the brand that is growing fastest. Baba Ramdev started Patanjali and, through its assured premium goods, is now successfully earning trust.

Patanjali products are available in approximately 3 lakh+ shops, and there are around 5000+ franchise stores manufacturing more than 1000 + products. In several other districts, Patanjali Ayurveda is ready to add more and more franchisees, distributors, and dealers. You can find Patanjali items online too.

Other than its freshness and purity, the USP (Unique Selling Point) of Patanjali goods is the appreciation it has received from the Indian Government. It also encourages franchisees to successfully market the merchandise.

Together with Acharya Balkrishna, Yog Guru Baba Ramdev created such quality goods for a healthy life. With a turnover of more than 10,000 crores in 2016-17, it is one of the fastest rising brands/companies.

In an interview, Baba Ramdev claimed that Patanjali’s profits go to charity. Bear in mind, however, that goods from Patanjali are organic, of good quality, and available at an affordable price.

Opportunity in becoming a Patanjali franchise

Patanjali will be tapping the franchise model to develop its network with the goal of extending pan-India. As Patanjali franchise outlets can be seen opening rapidly, the brand has had a great response from rural and urban areas alike.

One has to spend between about Rs 7-15 lakh and an area of about 300 to 1,000 sq.ft to open a Patanjali franchise outlet. The shop can also be set up by a franchisee in a rural, semi-rural or urban area. Recently, the company has also opened 12 mega stores that are mostly open in metro cities.

On the Indian market, Patanjali Ayurvedic medicines have excelled so much that it has exceeded the annual breaking revenue of 1000 crores. With its most valued goods, it has improved the FMCG market.

You need to determine the annual benefit, revenue & loss whether you are to take a Patanjali franchise or sales rights of a product, and then decide whether or not you can get the sale rights of the respective product.

There are several retailers who have taken Patanjali’s distribution rights. And, they gladly announce that after being allies with Patanjali, their monthly profit has doubled.

They don’t really have to advertise because, the Patanjali label is still in demand with the general public for its cost-effectiveness and purity of the goods.

Patanjali Products Dealership

The number of Patanjali Ayurved Ltd. dealerships is currently a lot in India. The quick speed at which Patanjali dealerships are rising demonstrates how lucrative it is to invest in the company. Patanjali dealers receive merchandise at very low prices because there is no intermediary involved in the delivery process.

The goods are directly supplied by the producers. By spending a relatively low sum of capital, an investor will achieve attractive returns.

There are three ways a person may apply for a dealership in Patanjali. The first approach is to go to the official website of the organization and fill out a Patanjali distributorship form requesting a Patanjali dealership.

 Another approach is to contact the support staff of the organization via email and ask them for assistance in getting a Patanjali products dealership. The last resort, if nothing works, is to directly visit the Patanjali office in Haridwar.

Difference between Dealership and Franchise?

A franchise is a business concept that in its chain looks like any other corporation. In general, it is a turnkey process in which the franchisee buys a whole store with certain improvements of his or her choosing. As a franchisee, you usually use the franchiser in your service as the primary source of merchandise for sale.

A dealership is an arrangement to be able to market a commodity or service in particular. Dealerships also do not have a very detailed market design and the contract may or may not be territorially dependent exclusive.

How to take a Patanjali Franchise

Lets see the requirements to open the store, where to download the forms, steps to apply for the franchise and cost of store setup.

Requirements to open a Patanjali Mega Store franchise

• Investment of Rs 1 crores.
• Minimum 2000sqft of area for the megastore.
• A security deposit of around Rs 5 lacs in the name of Divya Pharmacy and Patanjali Ayurveda Ltd.
• It has to be located in a busy and prime area.
• The minimum distance for a megastore should be 2.5 K.M. Existing Mega Store in Metro City & 3.5 Km in Non-Metro City shape & minimum range of 1 km. From the new Patanjali Chikitsalaya & Kendra Arogya.
• Submit the following documents along with the application form:
  • Photos of the location,
  • PAN card,
  • Passport size photographs of the franchisee,
  • Identity Proof,
  • Address Proof,
  • Copy of sales registration,
  • Mega Store possession or leasing deed.
• The institute with assign a Vaidya at the Mega Store, and the store operator will have to supply Vaidya with medical instruments. The megastore retailer would plan the store’s seating, food, bathroom, etc. services.
• Only products from Divya Pharmacy, Patanjali Ayurved, and products certified by the Institute will be sold at the Mega Store.

Patanjali Franchise Online Forms

You can find the online forms of Patanjali Mega store, Patanjali Chikitsalaya, Arogya Kendra and Gramodhyog Nyas in both Hindi and English on the official website of Patanjali.

Follow the steps to apply for the franchise-

• Go to patanjaliayurved.org to get the forms for the franchise.
• Find the downloadable application forms which are present in both Hindi and English.
• Download the form and fill in all the information correctly.
• Attach the scanned copies of the documents mentioned in the website.

Cost of opening the stores

The cost of opening up a Patanjali dealership store and a retail store is a minimum of Rs 50,000. The cost goes higher for opening a distributorship which is Rs 1 lacs and for Mega Store it is a minimum of Rs 1 crore.

The rates are for opening the shop, as mentioned above, while the cost of the Patanjali Franchise starts from 5 lakhs for a small store to 2 crores for Mega Stores. The cost quoted is inclusive of interiors, set-up, and inventory. The Mega Stores of Patanjali can have a minimum area of 300 to a maximum of 2000 sq. ft. in prime city/town areas.

As Patanjali Ayurvedic Limited is an Indian Fast Moving Consumer Good (FMCG) company, the Ayurvedic franchise owner could acquire approximately twice the amount spent on investment. It depends, though, on the place where the shop is situated. Before starting the franchise, even an analysis of the location & individuals must be investigated.

More consumers, though, purchase their regular FMCG items from Patanjali stores; more customers are likely to get them, so you can see the brand flourish tremendously.

Conclusion

There are several retailers who have taken Patanjali’s distribution rights are more than pleased with the distribution of Patanjali. And, as stated above, there are many who have doubled their monthly profit since becoming allies with Patanjali.

They do not really have to advertise because, whatever it is, the Patanjali label is still in demand with the general public for its cost-effectiveness and purity of the goods. The franchisee should have an operating benefit of about 20 percent.

The Patanjali brand is a really smart business to invest in. Having a Patanjali product dealership is an amazing business strategy. We hope you gathered all the information from this article.

Frequently Asked Questions (FAQs)

Is it worth to invest in Patanjali?

Patanjali has made a huge impact in India and has a huge brand value. Investing in taking up a franchise of Patanjali will surely help you make good profits.

Does Patanjali only sell Medicines?

No, Patanjali deals in a wide variety of products like medicines, groceries, juices etc.

Who owns Patanjali?

While Baba Ramdev is the face of Patanjali Acharya Balkrishna owns 98% of Patanjali Ayurveda.

Where can I download the forms of the Patanjali Ayurveda franchise?

The forms for all sorts of the franchise are available at patanjaliayurved.org

The post How To Apply For Patanjali Franchise? appeared first on Growthonomy.

He or she is searching for every possible way to operate the organization smoothly and raise sales, i.e., the overall objective is profitability. Company ideas of low spending and high income are addressed in this article.

Instead of working with someone else, the young and dynamic people of today want to launch their own business. With large turnover, they search for small-scale openings. In setting up some form of firm,’ return on investment’ or ROI has become a prevailing consideration. It’s a measuring scale that determines eventually whether or not to go forward.

A common misunderstanding is that, in the form of capital, labor, machinery, etc., earning huge profits requires serious investment. If one is conscious of the multitude of market ideas that can be started with minimal investment, that is surely not the case. Today’s world has completely changed. People do not require huge investments to start the most profitable businesses in India.

7 Business Ideas With Low Investment and High profit

It can be a daunting challenge to start your own business. Yet, one of the world’s greatest emotions is no longer doing the everyday and monotonous 9-5 workplace schedule and make all choices yourself.

But not all are able to fulfill the dream of operating a corporation, usually because of inadequate funds. But no more! You can now start your own business and turn your passion into a career with some small investment business ideas, which also produce decent profits.

Some of the best business ideas with low investment and high profit are:

Fitness Centers

About 65 percent of the population of India is less than 35 years old. Teenagers are a health-conscious community and all of them are members of a gym or fitness center. They enjoy visiting the gym and burning a hundred calories in abundance.

A lot of fitness lovers and health-conscious individuals still make up the remaining 35%. A fitness center can be started by someone who has qualified in the fitness field. Space or assets and services can be rented or acquired. As individuals tend to come into the exercise center at all times of the day, the room can be used for about 16 hours a day.

A business venture of minimal investment is the idea of opening a wellness center. Even if it can not be afforded by the entity involved in opening this facility, he has many options at his disposal to take advantage of a small business loan.

Social Media Agency

Most businesses want to invest their marketing budgets on ads through digital platforms and via paid social media campaigns in the digital age.

You could launch your own company to help businesses build a strong digital footprint if you have good knowledge of marketing, communications, branding, online presence management, and social networking.

 An office, a few laptops, some trained practitioners are all you need and you’re ready to start. Are funds a challenge to begin with? You don’t need to fear, since there are several ways to launch a web / social media agency using a small business loan.

Dropshipping

Dropshipping is one of the most promising ideas these days for small companies. It is a form of retail fulfillment where you can open an online store but without stockpiling any stock.

Thus, you do not spend a penny in inventory and can start a limited-fund business. The merchandise is bought by a third-party if the shop makes a deal and sent directly to the customer. Simply placed, you make a sale, pass the order to the provider, and on your behalf, he ships it to the client.

It is a low-investment company model in which you can still test the competition to find the right one before investing and releasing your own goods.

Online Fashion Boutique

As individuals becoming more trend-conscious, India’s fashion and lifestyle industry is on the rise. The online fashion trade in India is projected to grow by the end of 2020 to $14 billion.

Therefore, one such small, viable business concept that you might suggest is an online fashion boutique. You may not really need to be a fashion designer, just a fan of fashion. Make money by selling your online sense of style! The launching of an online fashion boutique is very easy. It’s possible to start at home.

Create the brand across single or several product niches, from dresses to hats and boots to jewelry. The consistency of the goods, customer service, and distribution methods will play a major role here, in particular.

Courier Agency

Starting a company in the courier sector, being one of India’s fastest-growing markets, is yet another low-cost business concept with high benefit.

Inevitably, a recent change in the eCommerce market has allowed the courier service sector to expand at an unprecedented pace. You might start taking a license from a well-established delivery firm at the point of beginning the business right from scratch, which may cost a lot.

The franchise is sold at a minimum price by several reputed delivery firms. In addition, you can also get access to their resources related to technologies and training and development.

Coaching Classes

All you will need to start teaching a topic is a space, some tables, a chart, marker, and duster. If you’re familiar with a foreign language, such as French, Spanish, or German, you can easily teach such languages and start a small business without a major investment.

There is still a market from students and academics for foreign language courses, so you don’t need to think about drying up the pipeline as an entrepreneur. The principle is not only about low investment and high returns, it also has a certain sense of predictability of cash inflow and demand.

You can start with a very small business loan for such firms, too, and there is no lack of avenues from which you can get a simple loan to start this form of business.

Handcrafted Products

Through switching from artists to practitioners, the internet and the introduction of technologies have opened the doors for artisans to expand their horizons. Handcrafted firms make goods in-house, unlike department stores that purchase their products from different outlets.

Their main emphasis is on supplying customers with a personal touch that no other organization would provide. You are in a position to start a unique company, whether you are making candles, soaps, pottery, and even sauces. Here, the production and acquisition of goods are in your hands, very simply. Candles, for example, are no longer seen exclusively during power losses.

Today, they are more of a home decor piece and are still commonly used for numerous occasions as presents. Consumers choose to purchase candles with different fragrances. They enjoy buying items that are exclusive and personalized. The situation for other things is close.’

Conclusion

There are many Business ideas with low investment and high profit. One only needs to look around.

India is the world’s third-largest start-up hub. In the year 2019 in India, over 1300 new start-ups, including 7 unicorns, were added. The knowledge illustrates the determination of the people of India to start their own company.

You should also try beginning the start-up with low investment and high-profit market models. What it takes is a solid definition. And if properly executed, you will be a good company owner.

Frequently Asked Questions (FAQs)

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In order to thrive and promise the smooth functioning of the business, it is extremely important to keep a handy checklist of foolproof accounting in place. It not only ensures that anything important is not missed by the business and as well promotes the practice of keeping a complete and an all-inclusive financial records in place which helps in streamlining the tax preparation.

It becomes indispensable for any kind of business to keep a proper team of accountants on hand so as to determine whether it is in a profitable state or not. Furthermore, accounting is also extremely important in order to understand which areas of the business are doing well, and which ones need more attention. A book keeping function ensure that every transaction of the business is properly recorded.

Normally, most big companies have a dedicated accounting section to cater to accounting needs it is of equal importance for small businesses to keep a checklist on tips for having a seamless accounting experience.

Although most big companies have separate units for various sectors of finance and accounting like cost accounting and retail accounting etcetera; it would be in favor of small businesses to keep a composite accounting record.

Small Business Accounting Checklist

Let us take a look at a handy checklist that shall help the small entrepreneurs to keep their accounting in place and setting up a robust accounting strategy!

1. Checking the daily Cash flow

Cash liquidity is extremely crucial in order to ensure the day to day operations of the business enterprise. The business should always study and analyse the expected payments to creditors, vendors and cash inflow from debtors to evaluate any particular trend if exists.

By daily checking the cash flows so the entities can keep a track of avoidable and unavoidable expenditure, and is, therefore, one of the most important tenets of the accounting checklist for business start-ups.

2. Day to day recording

A business should record all the transactions that happen during the course of normal business cycle. This shall help in ensuring that all the functions like the customer billing, vendor payment and cash receipts etcetera are in place and there is no room for embezzlement or fraud.

Although this can be done manually but a lot of accounting software and accounting applications help the owners to ease this recording function like the MS Excel or the QuickBooks.

A day to day recording in the chronological order makes the owner have a strong hold over the businesses’ accounting functions.

3. Documentation

A proper invoice always ensures that the documentation process is in place. This makes the recording of transactions complete and to the point. It also makes the audit trail complete and easier to trace.

Nowadays the businesses prefer to issue and accept digitized invoices thereby reducing any clutter. In case of any theft or fraud, the documented processes are easier to trace the whereabouts.

The documents must be generated as and when the transactions occur in order to prompt and accurate record generation.

4. Time management

It is inevitable to keep a prompt system of payment and receipts. This helps in building the credibility and goodwill in the market. A delay in payment is like a bane to the business.

The small business owners should always keep a track of their accounts payable and ensure that enough funds are available at all the time and have been earmarked to pay their suppliers on time.

This, would ensure that friendly relationships are maintained with the vendors and shall avoid any late fees. A business that pays on time also has better chances to receive on time.

5. Check on financial statements

A close check on the financial statements ensures that the financial health of the company is in fact in place. The unpaid vendors, expected cash inflows and outflows, projected earnings statements etcetera are some of the indicators about the good financial health of the company.

A check on statements requires close scrutiny for all the to and fro transactions. This would cover up checking the cash flow statements, income and expense statement, and the balance sheet.

This helps the company to know the limits of the credits, loans and the deadline meeting criteria. This would also help the business in the long run by making a better-informed decisions.

6. Reconciling the pass book and cash book

An accurate reconciliation of cash records as per the books of accounts and as per the bank statement is very helpful in knowing the position of the cash liquidity, the cheques in transit and charges of the bank in particular.

A reconciliation done after every 2 months helps in cross-checking whether or not the creditors have actually deposited money in the bank for repayment. This also makes it easier to correct errors or find omissions which can then be looked into and corrected

7. Physical Inventory check

The inventories must be verified physically from time to time at a fixed interval. This helps in calculating the economic order quantity needs and the reorder needs. It also helps in locating and regulating the pilferage, leakage or theft if any. This is extremely important in case where the operating cycle is high and the goods are of perishable nature. This helps in knowing the authenticity of the store keeper as well.

The business may fix either 15 days or 1 month for checking; depending on the length of operating cycle of the business. Even a surprise visit shall add more security.

8. Tax and other legal paper work

It is extremely important to keep all the legal documents in check. Keeping an up to date paperwork with respect to tax, payroll, foreign laws, licences and trademarks (if needed) and the documents needed to start the business as per the country law has no other option.

This shall ensure the company is complying with all the laws and regulations with respect to federal, state, or other local taxes. It is helpful for avoiding unnecessary legal implications and attracting any unwanted legal attention from the government.

In India a company is required to pay tax annually, with advance tax every quarter (may change subject to relevant amendments from time to time)

9. Receivables Ledger

This act as a life jacket in the time of financial crunches. Sometimes, due to unforeseen circumstances, the business might not get paid back in time. Therefore, always maintaining a ledger separately to record all past-due invoices can help to keep a track of how much money is owed to the company and from whom.

This shall make reaching out to the people who owe the money much more easily. The debtors can be contacted at appropriate time intervals.

It is also helpful in knowing the amount collected, the amount due, the portion of the amount that remains uncollected. This shall further help in estimating the percentage of bad debts and the amount of provision which the business needs.

This shall also help in maintaining the finances promptly. It would be in favour of the business to check the receivables ledger every quarter.

10. Variance calculation

Variance refers to the difference between the budgeted and actual amounts. It is crucial to correlate the current year’s profit & loss statements with what was budgeted at the start.

This is always a way to assess if the company is moving rightly in the direction it initially thought it would. Whether the company’s goals and objectives are met or not can be ensured with the help of variance calculation.

An entrepreneur can check historical profit-loss statements to compare yearly performance while finding out problem areas in the business. Comparing it against what was budgeted is also extremely useful in finding out how close the company is sticking to its goals.

The study of variance also tells how much the basis on which the goals have been initially formed needs revision. It is recommended to do it semi-annually.

11. Horizontal and Vertical comparisons

By comparing the balance sheet on an interval smaller than one year for the same time period for the previous year, a better clarity of how the assets and liabilities are performing can be evaluated.

By looking out for significant trends and changes, the company can predict much better future outcomes, and take necessary actions as and when necessary. This also helps in finding what new the company can introduce in a particular month or quarter to boost up the profits.

A cost accounting comparison of the products shall give better and deeper insights of how the company should take the product further. A comparison on quarterly basis shall be really beneficial.

12. Making the reports as per the country and industry

Every business enterprise function as per the laws of the industry and the economy in which it is operating. The entity needs to be sure about complying with the needs of reporting as per the norms as laid down.

If the legal frameworks require submitting some of the reports on a specified time interval it should be well aware of and must be complied with.

The time period whether it is monthly, quarterly or semi -annually must be checked and the reports must be submitted accordingly.

13. Filling out requisite forms

The business unit must be well aware of the forms it is needing to fill as per the national and international standards. In order to avoid the penalties, proper knowledge of various deadlines is a must.

Setting a yearly remainder shall be like a savior for the business.

To better manage the time, e-filing services available online shall be used. This is a very efficient and effective way of saving time and cost as well.

In India a company usually requires, before registration

• Aadhaar Card
• PAN Card
• Bank account
• Registered office proof
• DSC – Digital Signature Certificate
• Form – 1 for Incorporation of Company in India
• Form-32 for particulars of managers, secretary, and proposed directors
• Director Identification Number of all proposed company directors
• Original copy of the formal letter which is published by ROC about company name availability
• Form- 18 for address or situation of the proposed company.

There are significant changes from time to time in the requirement of forms which should be adhered to and completed in keeping pace with the changes.

14. Dedicated accounting wing

Accounting is one of the most crucial function of the business. Whatever the business earns if not properly accounted shall go in vain. It is extremely crucial to keep a dedicated accounting wing to take responsibility of the same.

There are a lot of legal and procedural compliances which the business needs to adhere to. This means that there must be at least one dedicated person who is well versed and fully aware of how and when to do it.

Most of the big businesses are required by law to keep a Chartered Accountant which is not a compulsion for businesses up to a certain turnover limit; so usually they avoid keeping an accounting unit as well.

Though a lot of big businesses are doing it; efforts should be made by the small units as well to promptly maintain a dedicated wing for it. Even if the manpower resource is limited a small business unit must keep at minimum one dedicated staff for accounting.

A company needs to be profitable in order to survive. It is extremely important in order to maintain the records of its profitability. Any number if missed from book keeping can turn the business upside down.

Small business can accelerate their wheels of success at a fast pace if they have a good accounting function maintained. The business in their growing phase can take the help of qualified chartered accountants and various available QuickBooks online.

A good bookkeeping and accounting function ensure the loopholes are reduced to a minimum and the enterprise is greased from time to time for proper functioning.

The post The small business accounting checklist appeared first on Growthonomy.

With the spreading of education amongst the people and a high rise in pollution because of a large number of vehicles on road, which is increasing day by day, the demand for electrical vehicles is touching a new horizon. And with this steadfast increase and non-fulfillment of the demand amongst the consumers, the big giants of the industry are all set to acquire the small startups to increase their production and profit.

People knowledgeable in the entire matter said that the company is still in the process of finalizing the deal. Also, the proposal us that the entire deal transaction will be cashless, wherein Grow Mobility will be offered shares within the company itself.

Grow Mobility – Emergence and Losses

Grow Mobility has emerged as one of the most promising and prominent startups of Latin America. It was a merger of a Mexican Scooter Company Startup named GRIN and its Brazilian Counterpart YELLOW last year. It has attracted huge interest from the top venture capitalists in the Silicon Valley.

As is well-said, Business is not meant for everyone. You need an effective and efficient strategy to run a business. However, as per the close people of the company, the Mexico based startup has badly struggled in recent months. It has faced a lot of losses due to the lack of a sound business model.

Grow Mobility’s search for a buyer shows a broader shift in the scooter industry. Investors and entrepreneurs have realized that the sector can accommodate so many players, an analyst said.

“Most of these things have been a quick boom and quick bust,” said analyst Bob O’Donnell of TECHnalysis Research.

Who will be profitable?

Now the bigger question is who is able to outlast the other? As per some tech industry insiders, it is better and profitable for mobility startups for 2 wheelers i.e. bikes and scooters, to operate on a large portfolio rather than as standalone companies. So if the deal successfully completes, it would certainly be a profitable deal for both Peixe and Grow Mobility.

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Target’s sale has been projected to be more than double in 2020 if we compare the same with the year 2017.

“At such a time where brick & mortar stores are struggling each day to keep up with the rapidly changing retail landscape, Target has used its trump card and seems to directly have hit the bullseye,”

Cindy Liu, the forecasting analyst of eMarketer during the release said that, “Store renovations & expanding fulfillment promises on the same day, such as direct store pickups, drive up and delivery using Shipt, are paying off very well. Target has strategically developed a plan to smoothly process and fulfill orders from within the store itself, along with ensuring that customer demands for convenience and speed are met in-store as well, while catering to the huge online market.

Another important aspect that Target has been climbing up the ladder very well using the digital marketing potential was its sales from the toy segment in the year 2019 which rapidly increased. While the in-store sales in this segment were found to be overall flat which was like a disappointment for the executives and analysts. However, Target’s online toy sales grew rapidly around 12% year on year during the fourth quarter, as per the 1010 data report. Also during a survey, it was found that Target has taken some share from Amazon as well in the online toy sales.

Shipt acquisition by Target has also provided the retailer with more options for delivery, while Target has also worked upon and expanded its pickup & drive-up capabilities. This has allowed Target to offer more options to the consumers, whereas store fulfillment has tremendously helped to make online orders more efficient, effective and much profitable.

Some Statistical data that proves Target’s tremendous growth:

• Target overruled three major competitors to become the 8th largest e-commerce player in the United States of America, as per the eMarketer’s latest rankings of market share. This rank marks the entry of the giant i.e. Target in the top 10 list.

• It is assumed that the Target’s e-commerce business will be touching new horizons with an expansion of approximately 24% to $8.3 billion in the current year. eMarketer has also estimated giving Target 1.2% of the market share in the year 2020, according to an emailed press release. Further moving in its journey to the No.8 Rank, Target has edged past Qurate Retail Group, Costco & Macy. ​

With all kinds of strategies adapted by target day on day, along with acquisitions happening at a rapid rate, Target’s investment in its digital marketing is tremendously helping them grow with a huge success rate. Looking at the current analysis, the day is not far when Target may enter the top 5 and in leaps and bounds, will start ruling the market.

The post Target: The Top eCommerce Player of 2020? appeared first on Growthonomy.

That’s how the digital world has spread its arms wide open. Walmart owned Flipkart which is one of the pioneers in the e-commerce industry since its very inception has anything and everything to offer, from household items to high tech gadgets or from clothes to accessories everything is available under one roof.

According to a recent news update, the e-commerce giant i.e. Flipkart is all set to launch its wholesale business in the upcoming quarter. With the news confirmed by two sources who are directly aware of the development said, Flipkart is all geared up to take on Amazon’s B2B division, Reliance’s markets, Tencent-backed Udaan apart from several other vertical E-Commerce startup companies.

Over the last few months, Flipkart has rapidly worked on and ramped up its supply chain capabilities and engagements with all the manufacturers to strengthen its run-up for the huge launch.

As per one of the sources, Flipkart has already started a pilot FMCG project of supplying the grocery/kirana stores located in the region of Delhi and NCR. Along with that, Flipkart has been in touch with an FMCG supply chain startup named Jumbotail in regards to potential investment to strengthen its Grocery/Kirana store procurement experience.

In order to get a jump start, Flipkart will lay a major focus on FMCG and Fresh food categories. And along with time and a planned strategy, will get into the segment of Electronics and fashion as well. “The idea is to look at the B2B space with the same technology-first approach as B2C,”

The initiative will be headed under the supervision of Adarsh Menon, Senior Vice President at Flipkart. Not only that, a lot of consumer marketplace executives have already been transferred to this division in order to carry early pilots and build out the categories.

No direct comment was released regarding the launch of Flipkart’s wholesale business by its spoke persons. Rather they gave a comment that “We view the B2B segment as an opportunity to support and grow kiranas and SMEs in the country,” the spokesperson said. “Technology can play a critical role in making the kirana ecosystem very robust and efficient.”

This move comes in to picture when Flipkart’s parent company Walmart has already let go of a lot of employees across sourcing, agribusiness and fast-moving consumer goods B2B divisions. There have been speculations about the merger of Flipkart with Walmart’s wholesale cash to carry business in India, which is incurring heavy losses.

In December 2019, Flipkart has already made a huge investment in fruits and vegetables supplier Ninjacart to boost its sourcing from the farmers.

In October 2019, Flipkart has also registered an entity under the name of Flipkart FarmerMart, marking its entry into the food retail category. In addition to the above, Flipkart has also invested in a B2B last-mile delivery platform named Shadowfax.

With this news spreading like fire, we can assume a huge transformation in the whole business as two giants i.e. Amazon and Flipkart will be ready to face each other and in one way or the other, it will certainly benefit the consumers and also the wholesale market will witness a new change.

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