Ruling the Industry: India's Top 10 Supermarket Franchises

India is slowly coming under this curb of the corporate world where we are slowly losing track of existing shops and ‘bazaars’ or ‘mandis’. In these hustle-bustle days of ours, we all aspire to get our daily needs under one roof.

At present, only a supermarket won’t suffice as the online market or digitized market is moving ahead. This kind of service was crucial during the lockdown. More or less, we all are too busy nowadays to "go and shop" outside, which increased our dependency on online services like Dunzo, Swiggy, Big Basket, and others.

As a result, several supermarket franchises In India are trying to make alliances or tie-ups with online services like Swiggy and Dunzo to have a value-added service.

It is hard to deny that India is equipped with a growing retail market and franchising contributes largely there. This certainly creates diversity in the business model and there both online and offline retail franchise gets priority and mostly in times of crisis like the wild spread of COVID-19.

In 2021, the supermarket industry in India was estimated to be worth over $100 billion. The industry is expected to continue to grow in the coming years, as more and more consumers opt for the convenience and wider product selection offered by supermarkets. Let's have a look at the Top 10 franchises in the country.

Best Supermarket Franchises in India

Spencer's
Big Bazaar
Ratnadeep
Big Basket
Vijetha Supermarkets
D Mart
More
Star Bazaar
JioMart
Reliance Fresh

Spencer's

Spencer’s Retail Limited is a retail store proposed by RP Sanjiv Goenka Group. It provides quality products ranging from food, personal care, fashion, home essentials, and electronic goods to customers at length.

Recently, they have added a special section in the name of Spencer’s Gourmet where you will be able to get imported goods at an affordable price. In addition to this, it has other sections like Wine and Liquor, and Patisserie to add flavor to its store. By introducing Epicuisine, they wanted to cater to their customers with every necessity under one roof.

Spencer is considered to be the earliest inclusion in the retail space of India and there for the first time, it introduced an organized way of retailing. At present, there are approximately 120 stores and 37 hyper stores in 35 cities in India.

Big Bazaar

Big Bazaar is a highly acclaimed retail store in India. It was founded by Kishore Biyani in 2001. It conducted a chain operating under a parent organization named the Future Group. Needless to say, this hypermarket gets prominence in the retailing domain of India.

It is just not a hypermarket but a niche that promises to cater to every need of your family. This retail space has the best products in store which middle-class Indians can afford to their heart’s content.

They do in-house branding of fashionable wardrobes and variant merchandise inclusive of utensils, home furnishing, crockery, cutlery, sports goods, and others to give you supreme pleasure.

In this world of digitization, Big Bazaar incorporates a New Retail experience to give their customer the pleasure of a physical world in their home comfort. At present, they have franchises in more than 120 cities across the country where over 300 million customers walk into the store every year to experience a better quality of lifestyle.

Ratnadeep

Ratnadeep is a renowned supermarket founded by Sandeep Agarwal in 1987. It is a space where you can get high-quality products at a really low price. It ensures an elevated standard of lifestyle for its customers and enables them to experience values including quality, variety, and freshness.

Ratnadeep has indeed set a benchmark for many retail stores in India by creating a shopping experience across major centers of the country.

Needless to say that at present, there are over 130+ stores scattered around Telangana, Karnataka, and Andhra Pradesh, making the lives of their customers easy and grand.

Big Basket

Big Basket or Innovative Retail Concepts Private Limited is counted as India's largest online food and grocery store. There you will be able to get over 18,000 products and 1000 brands with just a click.

For the first time, Big Basket showed that you can get every necessity of your home under one roof which you can purchase online. Here, you can get a variety of products like rice, daal, fresh vegetables, fruits, beverages, packaged foods, and others.

This hand-picked experience can give you the best quality products at a really low price and the selected and purchased items can be delivered at your convenient time to your doorstep.

Vijetha Supermarkets

Vijetha Supermarket has been regarded as the biggest food and grocery retailer in Hyderabad, providing freshness and value-added services to their customers. Mr. Jagan Mohan Rao, the Chairman and Managing Director of the Company runs on the philosophy that Vijetha retailing is made to give their customer the best service by offering the best deals and seasonal bargains every time.

In 1999, Vijetha opened its first single supermarket in Chandanagar, Hyderabad with 1000 products but now, they succeeded in spreading 25,000 products over 70 stores. They care about their customer's comfort and so recently, started providing them the pleasure of shopping from home by proudly launching an online shopping app named Vijetha Live.

Vijetha is accessible in the state of Andhra Pradesh and Hyderabad with 75+ store locations. Their mission is to establish 100 stores by 2022 including new superstores and hypermarkets.

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D Mart

D Mart is a renowned supermarket spread around metropolitan cities like Hyderabad, Mumbai, Bengaluru, and others. It is headed by Avenue Supermarts Ltd owned by Mr. Radhakishan Damani - a renowned man in the business world.

It aims to offer its customers a wide range of home and personal essentials under a single roof. It has a variety of home utility products like food, toiletries, beauty products, and others at a competitive rate.

The first store of D Mart was launched in Powai in 2020 but today, it is rightly spread around 214 places in 72 cities approximately. Their mission is to provide their customers lowest price products on which they can count.

More

More Supermarkets are the most preferred choice of consumers as they can get hold of food, groceries, apparel, and others with ease. It was founded by Aditya Birla Group and by now they have secured franchises in different parts of India within the shortest span of time.

More is only conscious about providing their customers with a more preferred choice of shopping. They are more engaged in implementing cross-functional collaborations to resolve customers’ issues in one go.

It gives 24/7 services to its customers and catering their needs within the organization. This retail store is firmly committed to assuring its customers of quality products and services consistently. They have around 900+ stores across the country as of 2022.

Star Bazaar

Star Bazaar is indeed the most significant modern retail store in India. It provides fresh food and groceries to its customers. It is branded by the Tata Group of Companies all over India including Mumbai, Pune, Kolhapur, Hyderabad, and others.

Star Bazaar is counted in the list of India's most modern and pioneering supermarkets with a variety of product categories like food, groceries, fresh produce, bakeries, and others. Moreover, it is dedicated to providing immense customer loyalty.

Star Bazaar is regarded as a supermarket format store, positioned as a one-stop store to cater to customers’ daily needs, providing better lives, better service, and better saving to them. STAR is present across 48 stores in Mumbai, Pune, Bangalore, Kolhapur, and Hyderabad.

JioMart

Jio Mart was started as a joint venture between Reliance retail and the Jio platform. It was first founded as an online-focused grocery platform which later on was extended to other categories such as home decor products, lifestyle categories, fashion, etc.

The platform operates through the JioMart website and mobile app and aims to provide a seamless shopping experience for customers, with a wide range of products available for delivery to their doorstep.

JioMart has quickly become one of the leading online grocery platforms in India and has a strong focus on providing high-quality products at competitive prices. Jio mart was made available to around 200 cities and towns in India by the year 2020.

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Reliance Fresh

Reliance Fresh is a part of Reliance Industries in India in the retail section operating under the subsidiary Reliance Retail.

The first store of Reliance Fresh was introduced in 2006 and currently operates 2,700 grocery stores and sells over 200 metric tonnes of Fruits and over 300 metric tonnes of Vegetables every day.

Reliance Fresh is a chain of retail stores that offers a wide range of fresh produce, packaged foods, household essentials, personal care items, and more. The stores are known for offering high-quality products at competitive prices.

Conclusion

Providing home delivery services is a plus to Indians and franchising is currently adding value-added services to it. It is essential to stay competitive in the market but for that, it is important to quickly restore the business which revolves around supermarket franchising.

So, it can be concluded that supermarket franchises are spreading fast in India, making our lives easy to deal with on a daily basis and we in this digitized world, are getting more succumbed to it.

FAQs

How much does it cost to open a supermarket in India?

The grocery store investment can swing between Rs. 10Lakh to Rs.2 Crores, depending on the size, shape, and capacity of the infrastructure.

Which Supermarket Franchise is best in India?

It is hard to say which supermarket franchise is best in India because there are many and the most noted one is D Mart.

Is owning a supermarket profitable?

Yes, owning a supermarket is highly profitable as it includes the daily use items that a person needs to buy, and with the option of getting all the required products from a single roof present, customers tend to visit supermarkets more frequently.

Is the Jio Mart franchise profitable?

Yes, the Jio MArt franchise is a profitable business owning to the fame and name of Reliance Jio and the support they provide.