India is slowly coming under this curb of the corporate world where we are 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 are all too busy nowadays to “go and shop” outside, which has 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 both online and offline retail franchise gets priority and mostly in times of crisis like the wild spread of COVID-19.
India has about 13 million grocery stores. Food and grocery make up the biggest part of the retail market in the country, with a 65% share. In 2023, the food and grocery retail market in India was valued at around US$719.44 billion. According to Grand View Research, this market is expected to grow by 4% every year from 2024 to 2030. Let’s have a look at the Top 10 supermarket franchises in the country.
Best Supermarket Franchises in India
| S.No. | Supermarket Chain | Founded | Franchise Cost (Approx.) |
|---|---|---|---|
| 1 | Spencer’s | 1863 | INR 50–70 lakhs |
| 2 | Ratnadeep | 1987 | INR 40–60 lakhs |
| 3 | Easyday | 2008 | INR 25–50 lakhs |
| 4 | Vijetha Supermarkets | 1999 | INR 30–50 lakhs |
| 5 | More | 2007 | INR 40–60 lakhs |
| 6 | Star Bazaar | 2004 | INR 50–70 lakhs |
| 7 | G-Fresh Mart | 2020 | INR 15–30 lakhs |
| 8 | Fortune Mart | 2021 | INR 20–35 lakhs |
| 9 | Hyper Supermarket | 2019 | INR 15–25 lakhs |
| 10 | Fairway Supermart | 2022 | INR 10–25 lakhs |
Spencer’s
| Founded | 1863 |
|---|---|
| CEO | Steven B. Silverstein |
| Headquarters | Kolkata, West Bengal, India |
| Total Unit | 155 (2022) |
| Website | www.spencers.in |
Spencer’s Retail Limited is a retail store proposed by the 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.
Apoorva Bajj
Ratnadeep
| Founded | 1987 |
|---|---|
| CEO | Dr. Ratnadeep Patil |
| Headquarters | Secunderabad, Andhra Pradesh, India |
| Total Unit | 130+ |
| Website | www.ratnadeep.com |
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. Ratnadeep franchise cost in Hyderabad is INR 40-60 lakhs.
Supermarket Franchise
Easy Day
| Founded | 2008 |
|---|---|
| CEO | Jagan Mohan Rao |
| Headquarters | New Delhi, India |
| Total Unit | 100+ |
| Website | www.easyday.in |
Easy Day is a friendly neighborhood grocery store that focuses on the needs of local communities. Its small and easy-to-shop stores make daily shopping simple and convenient. Easy Day offers fresh fruits and vegetables, daily essentials, and household items, all at good quality and value. The store listens to what local people want and cares about its customers, making it a trusted place for everyday shopping.
Ananya Mukherjee
Vijetha Supermarkets
| Founded | 2008 |
|---|---|
| CEO | Jagan Mohan Rao |
| Headquarters | Hyderabad, Telangana, India |
| Total Unit | 75+ |
| Website | www.vijetha.in |
Vijetha Supermarket has been regarded as the biggest food and grocery retailer in Hyderabad, providing freshness and value-added services to its 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 have succeeded in spreading 25,000 products over 70 stores. They care about their customers’ comfort, and so recently, they 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. Vijetha super market franchise cost in Hyderabad is INR 30-50 lakhs.
Sakshi Jadhav
More
| Founded | 2007 |
|---|---|
| CEO | Mohit Kampani |
| Headquarters | Mumbai, Maharashtra, India |
| Total Unit | 900+ (2022) |
| Website | www.moreretail.in |
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 caters to 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.
Nitin Konde
Star Bazaar
| Founded | 2004 |
|---|---|
| CEO | Martin Bailie |
| Headquarters | Mumbai, Maharashtra, India |
| Total Unit | 48 |
| Website | www.starbazaarindia.com |
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 savings to them. STAR is present across 48 stores in Mumbai, Pune, Bangalore, Kolhapur, and Hyderabad.
Sakshi Jadhav
G-Fresh Mart
| Founded | 2020 |
|---|---|
| CEO | – |
| Headquarters | Noida, India |
| Total Unit | 25+ |
| Website | www.gfreshmart.com |
G-Fresh Mart is a friendly neighborhood grocery store that brings together community care and modern shopping. Unlike big, impersonal chains, each G-Fresh Mart is shaped by the local area, offering both popular global products and special local items. Their ‘farm-to-shelf’ idea means you get fresh fruits and vegetables straight from farms, close to home. They also care about the environment by using eco-friendly packaging and helping local farmers. G-Fresh Mart is not just about selling food – it’s about supporting the people and the planet behind it.
Nitin Konde
Fortune Mart
| Founded | 2021 |
|---|---|
| CEO | Angshu Mallick |
| Headquarters | Ahemedabad, India |
| Total Unit | 20+ |
| Website | www.fortunefoods.com |
Fortune Mart is a grocery store that offers a mix of local food and global products. It cares about the environment, using biodegradable packaging and working to create zero waste. Fortune Mart also has a smart loyalty program that gives rewards to regular shoppers and helps build a strong community. Each store is designed to fit the needs of its local area, so while the brand is big, it still feels local. Shopping at Fortune Mart means supporting a cleaner planet with every purchase.
Apoorva Bajj
Hyper Supermarket
| Founded | 2019 |
|---|---|
| CEO | – |
| Headquarters | Noida, India |
| Total Unit | 30+ |
| Website | www.hypersupermarkets.com |
Hyper Supermarket is a fast-growing grocery store known for its large, clean spaces filled with both local and international products. It makes shopping easy by offering fresh items, many choices, and good value. The store focuses on keeping customers happy, with both in-store help and easy online shopping. As it grows, Hyper Supermarket also cares about the environment and works with local suppliers, setting a great example for eco-friendly shopping.
Fairway Supermart
| Founded | 2022 |
|---|---|
| CEO | Jack Murphy |
| Headquarters | Delhi, India |
| Total Unit | 17+ |
| Website | www.fairwaymarket.com |
Fairway Supermarket, started in 2017, is a special grocery store located in busy city areas. It is known for offering fresh, high-quality food. From local fruits and vegetables to rare and special items like artisanal cheeses and organic produce, Fairway gives shoppers a wide variety to choose from. It’s more than just a place to shop – it’s a fun experience for anyone who loves food.
Conclusion
Providing home delivery services is a plus for 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 that revolves around supermarket franchising.
So, it can be concluded that supermarket franchises are spreading fast in India, making our lives easier 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.
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, customers tend to visit supermarkets more frequently.
What is Ratnadeep franchise cost?
Ratnadeep franchise cost is INR 40-60 lakhs.
What is Star Bazaar franchise cost in India?
The Star Bazaar franchise cost is INR 50 – 70 lakhs.