FinTech Company Investment Opportunity in Kozhikode, India
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 10 - 20 thousand |
Run Rate Sales | USD 24 thousand |
EBITDA Margin | 0 - 10 % |
Industries | FinTech |
Locations | Kozhikode |
Local Time | 6:53 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- Retail space building a product for offline shoppers.
- India's retail business approximately US$ 1.76 trillion constitutes small and medium retail outlets that have a compelling need to modernize their consumer experience for sustenance bringing in a much-needed innovation when the digitalization of retail is growing at 18% in India.
- Our product is the one and only ecosystem in the consumer commerce space that helps small and medium retailers to acquire customers to win loyalty, build relationships and retain customers.
- It is driven by analytics that provides discoverability and handshaking opportunities between retailers and consumers, enhances the shopping experience for consumers, gets experiential offers and privileges based on one's shopping behavior.
- With 55K app downloads with a rating of 4.6 in Appstore having 61% repeat transacting users with an AOV of INR 400, we have generated a GMV of 36L in 7 months.
- More than 75 stores which include small, medium, and local stores of large businesses. To name a few - McDonald's, Squirr Salon & Spa, Chicking, New York Fries, Chayoos, Coldstone Creamery.
- Has more than 87K users with daily transactions of more than 600 +
- We drive walk-ins to the retail stores with a consumer commerce platform that offers benefits to their customers with a better shopping experience.
- The founding team has a perfect mix of experience in marketing, technology, operations, and entrepreneurship. One of the co-founders has over 25 years of experience in operations and technology while the two other co-founders have over 15+ years of experience running their own digital marketing & succeeding with similar products.
- We are recognized as a startup by the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry, Govt. of India. Incubated at IIM LIVE (Laboratory for Innovation, Venturing, and Entrepreneurship), a business incubator and entrepreneurship development center of IIM Kozhikode with the support of DST, Govt. of India. We are also a member of NASSCOM and CII.
- Investors who have extended solid trust in our team and business include Mangalore Refinery and Petrochemicals Limited (a subsidiary of ONGC), CCD funding from Friends & Family, and Start-up Springboard Debt funding from Indian Bank.
For shoppers - personalized benefits and savings from retail stores such as discounts, offers, rewards etc. at checkout.
For retailers - access to prospective shoppers and cash flow visibility.
Patents: - We already have a patent for our services and are in the process of acquiring patents for multiple innovations in the space of advertising, media and consumer engagement.
Consumer/user data: - We hold the consumer data by which we can keep on making our product more intelligent and have an unfair competitive advantage.
Market cap: 25% of the business in one city in the categories we operate.
Consumer delight: Establish a habit of using our product for all their shopping needs - planning to checkout.
We are incubated at IIM LIVE (Laboratory for Innovation, Venturing and Entrepreneurship), a business incubator and entrepreneurship development centre of IIM Kozhikode. Part of Standford Seed Spark Program and GSF Accelerator Program.
Also an office space at HiLITE Business Park which is near the city center for business operations.
Self-funded with investments from friends & family and a working capital cash credit from an Indian bank with 82% stake with founders.
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Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
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Earlier than 15 daysPartner, Digital, London, Corporate Investor / Buyer connected with the Business