Capstone Project proposal

Capstone Project. GMPBE BATCH-08: GROUP-7. Revival of Kirana Stores.

[Audio] Today, we are delighted to present our capstone project, "Revival of Kirana Stores," on behalf of Group 7 of the GMPBE Batch-08. This project aims to revitalize the traditional Kirana stores, a vital part of our culture that has been facing challenges from modern retail chains. We, Anoop K, Gayathri Nair, and Kashyap Udupa, declare that this project is our original work and has not been previously submitted for any academic award. We have upheld the principles of academic integrity and honesty in our research and presentation. Our goal with this project is to ensure the survival of these small mom and pop shops, which have been an integral part of our society for generations. Our findings have been carefully vetted and referenced, as illustrated on the slide with a person in glasses and a green shirt, symbolizing the intellectual and scholarly aspect of our work. While AI generated content may not always be accurate, our thorough research and efforts have ensured the accuracy of our findings. We are eager to share our project with you and hope to generate your interest in the crucial need to support and revive Kirana stores. Thank you for your attention, and we welcome your feedback and questions at the end of the presentation. Let's continue with the rest of our slides..

[Audio] The Capstone Project for GMPBE Batch-08, Group-7, "Revival of Kirana Stores: O Meta A1" aims to revitalize traditional small-scale retailers, also known as Kirana stores, which have been struggling in the face of modern retail chains. Our project's Elevator Pitch is to identify the underlying issues and propose a sustainable solution for both consumers and Kirana store owners. In the Executive Summary, we provide a project overview, including the background and problem statement. Our project strives to have a positive impact on the community by reviving Kirana stores and making them competitive in the changing market. To do this, we conducted consumer insights and demographic surveys to understand customer preferences, and a Kirana store survey to gather insights from owners. Based on our research and data analysis, we have developed a concept to improve the shopping experience and bridge the gap between traditional and modern retail. Our solution aims to revive Kirana stores and create a win-win situation for both consumers and owners. We also observed a market trend that highlights the need for a strong consumer segment and the adaptability of sellers. We will share our recommendations in this area. Our project group will be introduced, along with their roles, and we would like to acknowledge our research and analysis references. Please proceed to the next slide for further information on our project..

[Audio] During our presentation, we will reflect on Chachi's heartwarming return to her childhood neighborhood after 18 years. As she strolled down memory lane, she was reminded of the simple joys of her youth - waiting in line at the corner shop with her friends, laughing while buying groceries, and enjoying her favorite treats. Upon arriving at her family's home, Chachi was greeted with the familiar smell of homemade Chai and her favorite dishes. Her family had prepared everything she had missed for so long. Overwhelmed with emotion, Chachi exclaimed, "Oh my goodness, I will never forget my childhood days." Her nephew reassured her that their local Kirana store, Girona Uncle, was still thriving and had not changed. They still frequent the store for all their monthly groceries and billing needs. Chachi's heart was filled with joy as she realized that certain things, like the sense of belonging and familiar faces at their Kirana store, remain unchanged. As we explore the revival of Kirana stores, let us remember the importance of preserving these small businesses that hold a special place in our hearts and communities. Thank you for your attention..

[Audio] Slide number 5 of our internal business presentation focuses on the revival of Kirana stores in India, as part of our Capstone Project. These traditional grocery stores have been a key aspect of India's retail market for many years, but have faced challenges with the rise of new retail formats such as quick commerce, e-commerce, hypermarkets, and large wholesale outlets. Our project aims to address these challenges by looking at the future of Kirana stores in India. Our research has shown the importance of Kirana stores adopting digital transformation and diversifying their revenue streams to stay competitive in the constantly changing retail industry. We believe that a PHYGITAL (Physical+ Digital) model is the key to reviving India's traditional grocery stores. By implementing this model, Kirana stores in villages and towns can expand their reach, build stronger customer relationships, and continue to be a pillar of India's economy. Our Capstone Project is dedicated to reviving Kirana stores in India and ensuring their sustainability in the evolving retail landscape. In the remainder of our presentation, we will share more insights and strategies with you. Thank you for your attention..

[Audio] We are now on slide 6, which references an article from Hindustan Times. This article discusses the struggles of Kirana stores in the fast-paced world of quick commerce, particularly in urban areas. The article emphasizes the importance of these stores transforming to stay afloat or risk closing down. In today's society, reviving Kirana stores has become a daunting task. These stores have been an integral part of our community, holding memories and stories for generations. However, with the emergence of hypermarkets and e-commerce, Kirana stores have become a distant memory for younger generations, while also invoking nostalgia for older and middle-aged individuals. Surviving in the face of these big competitors is a daily battle for Kirana stores as the world of quick commerce and e-commerce has taken over the market. It is crucial for Kirana stores to adapt to the changing market dynamics to avoid being forced to shut down. The article from Hindustan Times highlights the challenges faced by Kirana stores and serves as a reminder to support these small businesses, which have been an integral part of our lives. The transformation and survival of Kirana stores are crucial for maintaining the diversity and uniqueness of our local markets. Let's now move on to slide 7, where we will discuss the strategies for reviving Kirana stores..

[Audio] Slide number 7 focuses on the revival of Kirana Stores, which is a topic of great significance as they are the backbone of India's retail sector. With over 13 million stores, mostly located in Tier-II, Tier-III cities and rural areas, these stores serve as the primary shopping hubs for households and play a vital role in the country's economy. However, they are facing stiff competition from e-commerce giants and modern retail chains. The struggle is real as these small-scale retailers try to keep up with the ever-evolving retail landscape. Outdated operations, limited digital adoption, and rising competition have posed major challenges for these stores, threatening their survival and long-term sustainability. The aim of this project is to promote digital and financial inclusion for Kirana store owners, including addressing technological challenges such as their lack of exposure to digital payment systems and inventory management tools. These hindrances make it difficult for Kirana stores to compete with corporate giants and their cottage industries. The Capstone Project, GMPBE Batch-08, Group-7 is determined to find solutions to these challenges and revive the Kirana stores. Through our research and analysis, we aim to provide practical and sustainable recommendations that will not only boost the competitiveness of Kirana stores but also promote digital and financial inclusion for these small-scale retailers. We will now move on to slide number 8..

[Audio] Slide number 8 of our Internal Business Presentation discusses the challenges faced by traditional small retailers, specifically Kirana stores, in the wake of the rise of quick commerce. A report by Hindustan Times reveals that these stores in metros are struggling to survive and either have to transform or leave the market. This has resulted in the loss of an important source of convenience and support for the community. To address this issue, our team has developed a Community Support and Business Revival Model, also known as Meta A1. This model aims to support and empower Kirana store owners in adapting to the changing retail landscape and not only survive but also thrive in a highly competitive market. Our comprehensive approach takes into consideration the needs and challenges of both the store owners and the community. We believe that the revival of Kirana stores is vital for the community and the economy as a whole. Let's work together to support and uplift these small businesses and bring back the convenience and familiarity of the neighborhood Kirana store. We look forward to sharing more details about our Meta A1 model in the following slides..

[Audio] Our Capstone Project, GMPBE Batch-08 Group-7, is committed to reviving Kirana stores and promoting their sustainability in the changing retail landscape. We aim to achieve this goal by facilitating access to microfinance, government schemes, and digital literacy programs for store owners. Our efforts also include encouraging digital adoption among small retailers to expand their reach and attract a larger customer base. These traditional retail establishments have a personal connection with their customers, fostering a sense of community trust and loyalty that large e-commerce platforms cannot replicate. Our project not only aims to bring a positive economic impact, but also a social and cultural impact. By providing resources and knowledge, we are taking a step towards ensuring the long-term sustainability of Kirana stores. Let's continue our journey towards reviving and preserving the unique value of Kirana stores in the retail industry..

[Audio] Slide 10: The survey methodology for our Capstone Project involved conducting surveys of 30 Indian grocery store owners. The objective of our project was to reach a holistic conclusion, and we made an effort to ensure accuracy and representation by not limiting the focus area. We enlisted the help of Vidit Mittal, Lead Analyst at The Smart Cube, to guide us through the process. Our team circulated a combination of online and offline surveys to nearby grocery store owners and personally contacted the target respondents. These forms were either filled by the respondents themselves or on their behalf by our group members. The results were compiled using an Excel sheet and only qualifying surveys were considered in our analysis. Thank you..

[Audio] This slide contains an image of India with location icons representing the respondents' locations. The majority of our respondents, Gayatri and Mamatha, are from the South region (63%), followed by North (27%) and Central (10%). Moving on, we see a breakdown of the respondents' store age. 63% have been in business for over 10 years, 27% for 5-10 years, and 10% for less than 5 years. In terms of store locality, 63% of respondents' stores are in residential areas, while 27% are in market areas. Data on daily sales shows that 36% have daily sales of 10000-20000 rupees, 28% with 5000-10000 rupees, and 27% with sales over 20000 rupees. Only 9% reported sales below 5000 rupees. To better understand the most selling items in Kirana stores, an image of a bread icon has been included. Let's now continue with more details on our Capstone Project..

[Audio] This slide (12 out of 29) discusses inventory management in kirana stores. These stores primarily use manual tracking, basic spreadsheets, or basic software for inventory management. However, some stores have started using advanced software. Despite the system being used, common challenges for inventory management include stock-outs, over-stocking, managing perishable goods, difficulty tracking expiration dates, supply chain delays, and product theft or loss. Another challenge is accurately predicting demand, as there is currently no system in place for this. Kirana stores face competition from various sources, such as local grocery stores, large supermarket chains, and online grocery stores. They also compete with wholesale markets. To stay ahead in the market, kirana stores must find innovative ways to address these challenges and compete with the growing competition. This concludes our presentation on the revival of kirana stores. Stay tuned for more insights on our capstone project, GMPBE Batch-08: Group-7 - Revival of Kirana Stores..

[Audio] In this slide, we will discuss the financial growth and marketing and customer engagement strategies for our capstone project on reviving Kirana stores. The Kirana store industry has faced financial difficulties, including managing cash flow, supplier prices, operating costs, and lack of capital for expansion. To address these challenges, our project proposes generating additional revenue by offering specialty products for occasions like Holi, introducing charges for delivery, and providing organic and healthy food options. Our marketing and customer engagement plan involves reaching our target audience through word of mouth, social media, flyers and posters, local events or sponsorships, and discounts. We also plan to offer phone and WhatsApp delivery services. However, our current strategy faces challenges such as a limited budget, difficulty in reaching the target audience, lack of knowledge, and time constraints, resulting in low social media engagement. To overcome these challenges, we are exploring the potential of accessing credit or funding and increasing our marketing budget. We believe that by improving our strategies and addressing financial challenges, we can successfully revive the Kirana stores in our project..

[Audio] Slide number 14 of our presentation on the Capstone Project GMPBE Batch-08 for Group-7 focuses on the challenges faced by Kirana store owners and the reasons why customers prefer shopping at online stores and supermarkets. These challenges, as reported by Kirana store owners themselves, include price, offers and discounts, and convenience, which make it difficult for them to attract and retain customers. This is why many customers choose to shop at other places. Moving on to customers, the two main reasons for their lack of interest in Kirana stores are the alluring offers and discounts and product variety offered by online stores and supermarkets. In contrast, the top reasons for customers choosing to shop at online stores are home delivery and the convenience of shopping from their own homes. Supermarkets also offer home delivery and attractive offers and discounts, making them a popular choice among customers. These added conveniences and benefits explain why customers prefer shopping at supermarkets over Kirana stores. In our next slide, we will delve into our proposed solution of modernizing Kirana stores with the help of technology to overcome these challenges and attract more customers..

[Audio] Slide 15 out of 29. Our journey of discussing the revival of Kirana stores now shifts to examining key customer preferences and challenges in the retail market. The rise of online shopping has greatly altered consumer buying habits, with its convenience and wide product range making it a preferred option. However, this has resulted in a lack of physical inspection, with 31% of customers expressing concern about this. Another issue is the dissatisfaction with the quality of products purchased online, as reported by 21% of customers. The introduction of supermarkets has brought its own set of challenges, such as overcrowding (reported by 40% of customers) and additional delivery charges (reported by 21% of customers). This has led many to look for alternative options. Moreover, shopping at supermarkets has proven to be a complicated process for 33% of customers. Despite these challenges, our analysis reveals that Kirana stores have a strong potential for success. As shown in the chart, customers highly value the personalized experience and physical inspection offered by these local stores (20% and 21%, respectively). This is reflected in the sales numbers, with a significant 29% of customers continuing to prefer shopping at Kirana stores close to their homes. Our analysis of quarterly sales data also demonstrates a consistent increase in sales for Kirana stores, with 8.2 in the first quarter, followed by 3.2, 1.4, and 1.2 in the subsequent quarters. This is a promising indication of the growth potential for Kirana stores in the retail market. Looking ahead, it is crucial that we capitalize on these customer preferences and address the challenges posed by online and supermarket shopping. With the right strategies and approach, we can position Kirana stores as the top choice for customers and revive their significance in the retail market..

[Audio] Slide 16 of our internal business presentation discusses customer preferences in relation to the revival of Kirana stores. According to statistics, 29% of customers prefer stores close to their homes, while 21% value the traditional in-store experience. Online shopping has raised concerns among customers, with 31% facing a lack of physical check and 21% feeling that the variety and curation of items may not meet their expectations. In terms of supermarkets, 40% of customers are put off by the over-crowded atmosphere, while 20% value the personal touch of Kirana stores. Additionally, 23% of customers appreciate the quality of products offered in Kirana stores. Delivery charges and the complexity of online shopping are also mentioned as challenges. However, 59% of customers prioritize the efficient and reliable delivery service provided by Kirana stores. Despite the challenges of online shopping and supermarkets, customers still have high expectations for Kirana stores..

[Audio] Consumer preferences and shopping patterns are constantly evolving in today's fast-paced world. Let's take a closer look at the shopping preferences and engagement factors for Kirana stores. The top three choices for consumers in terms of shopping channels are Kirana stores, online platforms, and large supermarkets. However, Kirana stores have faced challenges in engaging with customers due to the rise of online shopping. The personal touch and support for local businesses are key factors that attract customers to Kirana stores. Proximity to one's home and the ability to physically choose items and have flexible payment options are also advantages. Moreover, Kirana stores often offer lower pricing compared to larger supermarkets. Despite this, there are also challenges such as limited product variety, lack of discounts and offers, and higher pricing. Inconsistent product quality and the absence of online presence or delivery options can also deter customers. However, the variety of products, quality, personal touch, and offers and discounts still attract customers to Kirana stores. Additionally, the ability to physically choose items and receive free delivery for purchases between 600 and 1000 rupees are added benefits for customers. In order to stay competitive in the ever-changing retail landscape, businesses must understand and take advantage of these shopping preferences and engagement factors. Thank you for your attention and let's move on to the next slide..

[Audio] In this discussion, we will explore the various factors that impact the engagement levels of online platforms and traditional supermarkets. Home shopping and home delivery have made online platforms a popular choice for consumers, with the convenience of purchasing from home and the ability to easily compare prices. However, there are challenges such as delivery issues and limited product availability. In contrast, traditional supermarkets offer engagement factors like product variety, competitive pricing, discounts, and a clean store layout. But they also have challenges such as overcrowding and difficulty finding specific items. By understanding these factors, we can better serve the needs and preferences of our customers and work towards reviving Kirana stores. Let's move on to the next slide for further insights on our Capstone Project for GMPBE Batch-08, Group-7..

[Audio] Kirana stores offer many conveniences as we explore their revival. They are located near our homes, making it easy for us to access daily essentials. Additionally, they provide various delivery options, allowing us to shop from the comfort of our own homes. The monetary benefits of Kirana stores should not be overlooked. With competitive prices and frequent offers and discounts, they are a cost-effective option for our everyday needs. In terms of product quality, Kirana stores are well-known and have earned a positive reputation for providing high-quality items. These stores have been around for generations and offer the convenience of physically inspecting products before making a purchase. But the benefits of Kirana stores extend beyond just convenience and monetary factors. They also offer an emotional connection. Shopping at a Kirana store allows for a personal touch, as the shop owners often know customers by name and cater to their specific needs. Additionally, supporting local businesses through shopping at these stores is important for the overall growth and sustainability of our society. Moreover, Kirana stores offer a variety of curated items, from local delicacies to unique and hard-to-find products. Whether it's for daily essentials or special occasions, these stores have something for everyone. In conclusion, as we consider the revival of Kirana stores, it is important to recognize the convenience, monetary, product-related, and emotional benefits they offer. These factors make Kirana stores a valuable asset to our society and support their continued presence in the business world..

[Audio] This slide contains the pictorial representation of our Kirana Store survey, conducted to gain a better understanding of the current state of Kirana Stores and the preferences of their customers. The findings from this survey will be used to guide our project and make informed decisions for the revival of these traditional stores. The majority of our respondents were women in the age group of 25-45, giving us insight into our target audience and their characteristics. Our survey also revealed that customers choose Kirana Stores over supermarkets for the personalized service and familiarity with the store owners. This emphasizes the importance and value of human interaction in the traditional retail experience. Additionally, the survey showed that customers prefer a wide variety of fresh produce in Kirana Stores and are willing to pay a slightly higher price for it, highlighting the importance of quality and variety. Based on the survey, suggested improvements include the introduction of digital payment methods and a more organized and modern look for Kirana Stores. These suggestions will be taken into consideration as we move forward with our project. In conclusion, the results of our customer survey provide valuable insights and data for the revival of Kirana Stores. The preferences and feedback of our customers will guide us in creating a successful and sustainable business model for these traditional stores..

[Audio] Slide number 21 of our Internal Business Presentation discusses the revival of Kirana Stores through modern methods of communication and advertising. The topic at hand is 'Live implementation using Mobile communication, Posters (Paper), AdOnMo Digital Kiosk, and Weekly/Festival time – related Promotional offers been circulated.' Our aim is to promote our products and services to potential customers through these avenues, while also bringing back the charm and convenience of local Kirana stores. Our strategy includes the usage of mobile communication, posters, and AdOnMo Digital Kiosk, as well as weekly and festival-related promotional offers. These efforts will not only attract more customers but also create a buzz in the market. We are also expanding our focus to include other categories such as the Wednesday Market, Home Made Food Outlet, Festival Grocery, Stationery Items, and more, with the vision of providing a one-stop destination for our customers' needs. We are proud to announce the launch of our latest venture, the Aggarwal Supermart, in Bangalore South, and this will be the first of many Foodcarts and Festival markets to come in the future. Our goal is to bring the convenience of Kirana shopping closer to our customers' homes. Let us continue on our journey towards the revival of Kirana Stores with our motto, 'Shop Kirana, Shop Smart'..

[Audio] Slide 22 out of 29 showcases the impact of digital transformation on Kirana stores. In recent years, these traditional stores have faced tough competition from larger retail chains like Blinkit and Big Bazar. However, after the implementation of digital transformation, there has been a revival of these stores. To further understand this impact, we will examine the sales trends of three Kirana stores before and after the entrance of Blinkit and Big Bazar in the market. In Dharuhera, Krishna General Store experienced a decrease in sales from 120-150 to 50 before the launch of Blinkit and Big Bazar. However, after incorporating digital transformation, including food cart and home delivery services, their sales increased to 100-120. A similar trend was seen at Avalon General Store in Dharuhera. Before the entrance of Blinkit and Big Bazar, their sales were 500-600, but decreased to 100-200. With the adoption of digital transformation, their sales increased to 250-300. In Delhi's Vikaspuri, Aggarwal Super Store also saw a decrease in sales from 500-600 to 100-200 before the launch of Blinkit and Big Bazar. However, after the implementation of digital transformation, their sales increased to 250-300. In Bengaluru, Shoppy Mart in Anjandari Layout faced strong competition from larger retail chains. Their sales decreased from 400-450 to 200-220 before the entrance of Blinkit and Big Bazar. After adopting digital transformation, their sales increased to 700-750. Overall, it is evident that the implementation of digital transformation has had a positive impact on traditional Kirana stores, allowing them to compete and even surpass the sales of larger retail chains. This success is a testament to our Capstone Project..

[Audio] This presentation discusses the strategies for creating a successful and sustainable Kirana store. The convenience factor is important, and personalizing the shopping experience can lead to more repeat visits. Offering free home delivery and digital payment options can also simplify the process for customers. Moving on to the monetary aspect, providing credit options and negotiating with financial institutions can build trust and loyalty. Discounts and loyalty programs can also incentivize purchases. Finally, the emotional aspect is crucial in building lasting customer relationships. Creating a sense of community through friendly and personalized staff, community events, and celebrating special occasions can strengthen the emotional connection with customers. By implementing these strategies, we can create a successful and sustainable Kirana store that not only attracts but also retains customers. Please stay tuned for our next slide..

[Audio] This slide focuses on the digital transformation of Kirana stores. These stores hold a significant role in our society, providing convenient and personalized services. However, they face challenges such as stockouts, outdated ordering systems, and limited payment options. Our Capstone Project, GMPBE BATCH-08: GROUP-7, aims to revive Kirana stores and improve their relevance in the digital world. One of our main strategies is Inventory Tracking, which provides real-time data on product availability and expiration dates to reduce stockouts and waste. We are also introducing Digital Payments to make transactions more convenient and secure, improving the overall customer experience. Our Order Management efforts include collaborating with local initiatives and NGOs to promote community support and personalized services. Our brand is built on trust, transparency, and originality, offering high-quality, authentic products. Additionally, we are implementing eco-friendly packaging to reduce our environmental impact. Our goal is to provide a unique and differentiated shopping experience at Kirana stores, catering to diverse needs and preferences. Our motto, "Making Your Own World," focuses on making customers feel special and valued. In conclusion, our Capstone Project aims to transform Kirana stores into a hub of convenience and sustainability while maintaining their traditional values and personalized touch. Thank you for being part of this journey. This concludes slide 24 of our presentation..

[Audio] We are currently on slide number 25 out of 29 for our Internal Business Presentation. Our Capstone Project, GMPBE Batch-08, and Group-7 will now discuss the Revival of Kirana Stores and O Meta A1. The diagram on this slide shows the proposed product. However, we must remember that AI-generated content is not always accurate and may contain errors. Therefore, it is crucial for us to thoroughly review and verify the information presented to ensure the reliability and quality of our project. This diagram is an essential component of our presentation as it represents the product proposed for the revival of Kirana stores. As we all know, Kirana stores are vital to the Indian retail industry, and with the growing popularity of e-commerce, they face challenges in remaining relevant in the market. Our product, O Meta A1, aims to address this issue by combining traditional retail practices with modern technology. Not only will O Meta A1 benefit Kirana store owners, but it will also provide a more convenient and efficient shopping experience for consumers. Extensive research and market analysis have been conducted to ensure that our product is aligned with current market trends and demands. We believe that the revival of Kirana stores through O Meta A1 will have a positive impact on business owners and contribute to the growth of the Indian retail industry. We are grateful for your attention and hope that this presentation has provided valuable insights into our Capstone Project. We welcome any questions or feedback from the audience and look forward to your valuable input. Together, let us work towards the Revival of Kirana Stores and the success of our project..

[Audio] The Kirana stores in the busy streets of Subha serve as a ray of hope for the community struggling to make ends meet. Gali's 7th budget has made it difficult for families to afford basic necessities, with children still wearing old school uniforms and the reminder of their dire situation at the Mandir. Despite the chaos, the Kirana store at the end of the street remains a sanctuary for people, stocked with essential items and greeted by Angalji's warm smile. But behind his smile, there is worry for the future, as seen through posters of Mahatma Gandhi on the store walls. However, when Angalji falls ill, his trusted friend and neighbor Manishankal steps up to take care of the store, fulfilling various roles such as the shadow warrior, savior, caretaker, and first aid provider. With the support of the community, the store continues to stand as a symbol of resilience and hope. As we conclude our presentation, let us remember the Kirana stores and the important role they play in our community. Let us strive to support and uplift these unsung heroes of our society..

[Audio] "Our team consists of industry experts with a diverse range of skills and expertise. We have worked together to revive Kirana stores and have made significant contributions towards this project. Let's take a look at the members of our team and their respective roles. Mamatha SS is our Information and Technology expert with a strong background in managed services of Cloud and AI. She has also excelled in sales, marketing, and practice head roles, making her a valuable member of our team. Her contributions include concepts, surveys, digitalization, and market adaptability, along with live implementation, moderation, and organization. Her signature is a stamp of approval on our project. Next, Nikhil Sawhney is a skilled surveyor who has played a crucial role in gathering valuable data for our project. His expertise in surveying has been instrumental in providing us with important insights. Anjali Elawadhi is our research and consulting expert with a strong background in project management and strategy consulting. She has been responsible for creating and managing our survey questionnaire, as well as collating and analyzing the results. Additionally, she has played a key role in drafting and editing our presentation. Anoop K, our surveying expert, has also played a crucial role in the data collection process. His expertise and attention to detail have been essential in providing us with accurate and relevant information. Prity Rani and Regish R are also valuable members of our team, with extensive experience in surveying and data collection. Their efforts have been essential in providing us with a comprehensive understanding of the market and its adaptability. Viviyan Monies has been an integral part of our team, with her expertise in surveying. Her contributions have been instrumental in developing a deep understanding of the market and its trends. Next, Gayathri Nair is our marketing and communications specialist. She has been responsible for developing high-quality content for our project, focusing on its development and success. Last but not least, Kashyap Udupa is our construction expert. He has not only excelled in sales and business development, but also played a crucial role in surveying and data analysis. His efforts have been essential in developing a strong and compelling story..

[Audio] We have analyzed the current state of Kirana stores in India and proposed a revival strategy to ensure their sustainability and success. Our extensive market research, guided by Vidit Mittal of The Smart Cube, provided valuable insights. The grocery store owners also shared their valuable inputs and experiences which were crucial in shaping our recommendations. Additionally, we would like to acknowledge the hard work and contributions of our team members. Special thanks to IT security industry expert, Vikas Johari, for his insights on AI animation and Napkin.ai for their image generation services. Our proposed revival strategy aims to sustain and boost the growth and success of Kirana stores. For more information, please refer to the links provided. Thank you..

[Audio] Thank you, ladies and gentlemen, for joining us for our internal business presentation. As we reach the final slide, we would like to take a moment to discuss the revival of Kirana Stores – a project that is close to our hearts. Slide number 29 showcases a white rectangular sign with blue text, symbolizing change and progress for traditional Kirana Stores. The GMPBE Batch-08 group has dedicated their time and effort towards this project, with the goal of modernizing and reviving these small-scale retail stores. Throughout this presentation, we have addressed the challenges faced by Kirana Stores, such as intense competition from large retailers and changing consumer behavior. However, our team has identified key strategies to revitalize these neighborhood shops, including the implementation of technology and marketing tactics. We firmly believe that the revival of Kirana Stores is not just a business initiative, but a means of empowering and supporting local communities. By providing these small businesses with the necessary resources and tools, we can create a sustainable and thriving economy for all. We would like to extend our gratitude to all those who have contributed to this project, and we hope that this presentation has shed light on the potential of Kirana Stores in our society. As we conclude this presentation, we leave you with the message that the revival of Kirana Stores is not just a business project, but a movement towards a better future. Thank you for your time and attention..