India, 2022: The NEW Shop, India's first and fastest growing Omni-Channel Convenience Commerce Company operating 24 hrs open brick and mortar stores and providing instant hyperlocal deliveries within 30mins expands to another Tier 2 city, launches its operations with multiple franchise partners in Meerut, Uttar Pradesh.. The first store has already been launched at Pinnacle Tower on Garh Road, which was inaugurated by R.A. Tiwari, a well-known businessman from Haryana along with Akshat Tripathi, the franchise partner of The New Shop This will be the first of its kind 24 hours open store in Meerut, providing home deliveries 24/7 within 15-30 mins. This is also one of the many stores of The New Shop to be opened in Meerut this year.The New Shop is creating a new 24/7 omni-channel convenience retail format in India, in a tech-enabled adaptation of the popular global convenience retail formats. Customers may order anything using The New Shop app for home deliveries or in-store pick-ups or just walk to their neighboring The New Shop store for a great shopping experience.
" I was quite impressed by the concept of The New Shop, its vast variety of product and service categories and its 24X7 availability and deliveries. I always wanted to do something for the development of my society, especially at my birthplace. This new concept shall be quite a game changer in modernizing the shopping experience as it is the first of its kind in Meerut. We shall provide the best customer service and keep introducing new items", said Akshat Tripathi, a young 24 year old entrepreneur, lawyer and The New Shop’s franchise partner.
The New Shop has more than 60 operating outlets in India, spread across Delhi & NCR, Mumbai, Lucknow, Ahmedabad, Agra and plans to expand to more non-urban areas and cities of UP, MP, Haryana , Gujarat , Karnataka and Maharashtra.TNS has outlets in locations such as dense residential neighborhoods and mass transportation hubs (such as railway stations, airports,, tourist destinations, and gas stations), all of which also serve as dark stores for offering quick, hyperlocal deliveries.
TNS sells fresh food, bakery items and beverages as well as FMCG products such packaged foods, beverages, snacks, chocolates and confectionery, paan products, pet supplies, over-the-counter medicines, personal care, home care, stationery, groceries and other essentials. The company also provides services that redefine convenience commerce, such as Printing services, ATM services, courier services, freshly cooked food etc. TNS operates on a hybrid omni-channel approach with the goal of transforming the convenience retail industry in India. . It is an affordable convenience store that offers a product assortment that includes both legacy and new age consumer brands. The company is growing rapidly through various franchise partnerships.
“We were very clear about what we were building and who we were building for. Lack of standardized round-the-clock convenience and access to daily needs is a problem not just of big cities, but also of non-metro and non-urban cities of India. In Fact, smaller cities need The New Shop even more, with rising disposable incomes and aspirations of the young working population. We have created a hybrid model bringing together the best of the online and offline world, that can be scaled throughout the country profitably. We are as successful in Agra and Meerut, as in Delhi NCR. And what’s more is that by franchising, we are promoting entrepreneurship in India” Aastha Almast, Co-founder of The New Shop .
In India, where the domestic food market will be worth $50 billion and transit retail will be worth $22 billion, there will be space for 100,000 convenience stores by 2030. The New Shop seeks to set the standard for daily convenience across all channels in India. In India, the size of the FMCG retail is $ USD 740 Billion and the size of ecommerce is pegged to be 3% by 2025. India is predominantly a 97% offline retail market for FMCG.
The New Shop has led the way in retail technology, enabling it to expand and use the most effective procedures. Some of the highlights of the technology that The New Shop brings into retail are: In-house developed: cloud-based end-to-end inventory management system, integrated cloud-based POS, real-time inventory tracking, in-depth customer and brand data + analytics, real-time granular insights + predictive IM, and a mobile app for instant hyperlocal deliveries for its products and services.
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About The New Shop: The New Shop is India's fastest-growing omnichannel convenience commerce company. It operates 24-hour convenience stores that sell & deliver within 15-30 mins fresh food and FMCG products such as packaged food, snacks, tobacco, beverages, pet care, over-the-counter & ready-to-eat food, and personal care items, home care, hygiene, stationery, and other necessities. Incepted in the year 2019, The New Shop is the brainchild of Aastha Almast (Co-founder and Head of Business), Charak Almast (Co-founder and Head of Operations), and Mani Dev Gyawali (Co-founder and Head of Technology). The New Shop stands for 'Next-gen Everyday Shopping' that offers a wide range of products and services that cater to the needs of the modern, millennial, and Gen Z consumer. All the stores have a sleek and contemporary design and are equipped with state-of-the-art technology that makes shopping a seamless and convenient experience. It also offers hyperlocal delivery services with its own delivery fleet through its own mobile application. So far, The New Shop has 60+operating outlets in India, spread across Delhi & NCR, Mumbai, Lucknow, Ahmedabad, and Agra. It is expanding to India's major cities via mass transit hubs such as airports, train stations, gas stations, tourist attractions, motorways, and residential neighborhoods. The New Shop aims to be India's largest ‘convenience commerce brand with a fabulous customer experience and quick deliveries.
