Jumbotail partners with NEC to digitally empower India’s kirana stores

India's Jumbotail Technologies Private Limited (Jumbotail), and Japan-based NEC Corporation (NEC; TSE: 6701) have announced a strategic collaboration aimed at advancing the digital transformation of India's mass market retail sector and its 19 million local neighbourhood stores, “Kirana”. As part of this partnership, NEC will make a strategic investment in Jumbotail.

This collaboration brings together NEC's technology, cultivated alongside global retail customers, and its cutting-edge AI with Jumbotail’s B2B marketplace and New Retail platform to strengthen and expand the Kirana retail ecosystem for India's mass market.

India's retail growth is fundamentally driven by the "India 2" segment - a massive, aspirational middle-class representing 42% of households and an $800 billion market opportunity. This demographic relies heavily on the nation's 19 million local neighbourhood Kirana stores for daily consumption. Jumbotail serves this vital Kirana network through its proprietary platform that provides Kirana store owners access to a wide selection of goods, including food, groceries, apparel and fashion, toys, sports, and consumer electronics. This is enabled through Jumbotail’s B2B e-commerce marketplace platforms, integrated daily fulfilment and store front deliveries, embedded fintech, and GoldenEye retail operating system for entrepreneurs to own and operate J24-branded modern convenience retail stores.

NEC’s partnership with Jumbotail will accelerate and expand access to advanced technology for millions of small-scale entrepreneurs in India. Moreover, it will provide access to enterprise-grade solutions, previously only available to large modern retail companies, to small Kirana owners and regional brands in India. These solutions will drive higher customer retention, improve operational efficiency and increase profitability, which will enable Kirana owners to offer a modern, digitally enabled shopping experience that will transform India’s mass market Kirana retail sector.

NEC has long contributed to the development of retail in various countries and regions. Jumbotail is the gateway for brands to access mass market retail consumption in India. This collaboration will combine NEC's global technology and expertise with Jumbotail’s technology and platform built with deep local market insights in India. The companies aim to co-develop advanced technologies for India’s high-density, unstructured retail environment, empowering local Kirana store owners to thrive in the modern economy.

• NEC's advanced AI and retail technologies will be customised for Jumbotail's Kirana customers to discover and sell a wider variety of products, improve inventory management, optimise in-stock rates, and optimise working capital.

• Leveraging Jumbotail’s marketplace and retail platform’s deep market reach across Kiranas and brands, and NEC’s AI-driven data analytics and advanced in-store retail solutions, the companies will develop and deploy go-to-market retail solutions that connect brands and consumers by strengthening targeted promotions and consumer engagement.

• NEC and Jumbotail will collaborate to enhance Jumbotail’s New Retail platform and GoldenEye Retail Operating System by integrating NEC’s advanced in-store digital solutions to enable the digitisation of store operations and a better consumer experience via real-time consumer insights.