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Syed Afsar, a 45-year-old business owner from Bangalore, has navigated numerous challenges throughout his entrepreneurial journey. Alongside his brother, Syed began his venture in Mysore, selling silk sarees for a decade. Unfortunately, this business proved unprofitable, prompting their relocation to Bangalore. In Bangalore, they established a small kirana (grocery) store in Koramangala, which they have operated for the past 25 years. They rent the store and have a well-organized distribution network, sourcing staple items from Yeshwanthpur and snacks from various small distributors who visit their shop. Their business flourished until 2021, when the rise of online markets disrupted their operations. The growing popularity of online shopping led to a decline in demand for physical stores like theirs. Additionally, retaining workers became challenging as delivery jobs offered better pay and more convenience compared to working in a store. When asked about using online wholesale platforms, Syed explained that they had never explored this option due to concerns about high commission charges and the perceived risks involved. This highlights a significant knowledge gap that, if addressed, could potentially help their business grow. Syed and his brother also considered opening a dark store but faced challenges related to sourcing products, managing expiry dates, and maintaining an appropriate range of products. Previously, their products sold within ten days, but now items remain unsold for a month, leading to expiry issues and uncooperative distributors who refuse to help clear the unsold stock. Faced with these challenges and ongoing losses, both brothers have decided to close their current business. Despite this setback, they are determined to start anew and not give up. *The owners preferred not to share their photos for the post. #risersofindia #kiranasofindia

  • Afsar's Food Mall

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