Indian company Reliance Retail has reportedly revealed plans to develop a network of small grocery stores in the country.
According to The Economic Times, the move is part of Reliance’s omnichannel venture and will support its last-mile delivery of food and grocery. The store concept takes just 45 days from conceptualisation to launch.
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By GlobalDataTwo people familiar with the matter suggested to the publication that the company is considering launching thousands of small stores.
To be named as Reliance Smart Points, the grocery stores will occupy space between 500ft² and 1,500ft² each.
The stores will be located in a number of cities across the country, with most in north India.
Reliance is planning to open over 100 such stores each in Delhi and Mumbai in the coming months, reported the publication.
One of the persons familiar with the matter was quoted as saying: “They are looking for not-so-prime properties with lower rentals.
“It is a grocery concept that will be used for hyper-local delivery and consumers can also order online and pick up from those stores.”
Earlier this month, Reliance Industries launched a new service that aims to compete with Amazon and Flipkart in India.
Named as JioMart, the grocery delivery platform was started on 31 December by Reliance Retail and Reliance Jio.
Reliance has already rolled out some outlets in Navi Mumbai, Thane and Kalyan to pilot the concept.
