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 21.4 thousand |
| EBITDA Margin | 0 - 10 % |
| Industries | FinTech |
| Locations | Kozhikode |
| Local Time | 3:14 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
- 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 retailers - access to prospective shoppers and cash flow visibility.
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.
Also an office space at HiLITE Business Park which is near the city center for business operations.
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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