News Release Details

IndianOil inks agreement with StoreKing for e-shopping at its fuel stations
New Delhi   01-Dec-2015


Mr. S Varadachari, General Manager I/c, Karnataka State Office (KaSO),
and Mr. Sridhar Gundaiah, Chief Executive Officer, LocalCube
Commerce Pvt. Ltd., signing the agreement in Bangalore.


In view of the growing interest in e-commerce websites by customers in smaller towns and rural areas, IndianOil has inked an agreement with M/s LocalCube Commerce Pvt Ltd, also known as StoreKing, that shall enable customers in Tier3& 4 towns to do their online shopping from IndianOil retail outlets. The agreement was signed by Mr. S Varadachari, General Manager I/c, Karnataka State Office (KaSO), and Mr. Sridhar Gundaiah, Chief Executive Officer, LocalCube Commerce Pvt. Ltd. in the presence of Mr. PS Mony, DGM (RS); Mr. Amarendra Kumar, Ch. Mgr. (RS), KaSO; and other senior officials.

IndianOil dealers shall be enrolled as Franchisees by M/s LocalCube and provide assistance to customers for shopping on the StoreKing app that houses a range of electronic/white goods, furniture and insurance products. The products are delivered within 48 hours of shopping. Keeping in view the rampant growth in the popularity of online shopping, this agreement shall provide an impetus to e-commerce to in the hinterland and usher in more convenience for our customers. The scope of this agreement is restricted to Karnataka presently.

M/s LocalCube Commerce Pvt. Ltd. offers a franchisee with multi-lingual content, customized application in tabs and enable the franchisee to sell more than a lakh products through assisted shopping. The company presently has over 10,000 franchisees in south India.