Tag: Retail Business

  • Top 24 Leading D2C Brands in India to Watch Out for in 2022

    The pandemic has majorly affected startups around the globe. It has entirely changed the perspective of consumers towards brands and the marketplace. Consumers are widely preferring well-established brands and raising great concern towards hygiene, sanitation, convenience, quality and health.

    In these times, the Direct-to-consumer (D2C) brands are gaining great profit and upraise in the market. On this note, tons of conventional brands such as LG, Havells, Ajanta-Orpat and Piaggio picked up the D2C model and applied it in their business.

    Brands across the globe are shifting towards the D2C business model, removing the middle source. These brands are launching their native stores so that consumers could directly contact them. In India, D2C startups are running to a great extent.

    However, in pandemics, these D2C brands suffered as well. As the D2C brand’s investment rate declined by 69% as compared to previous records. Meanwhile, the total funding was raised around $117.6 million throughout the year.

    The D2C brands from all sectors including home decor, fashion & cosmetics, FMCG and electronics experienced advancement in numerous aspects. In this article, we have listed the top 24 D2C brands in India. Let’s get started!

    What Is a D2C Business?
    How Does the D2C Business Model Work?
    Advantages of D2C Business
    Top D2C Brands in India

    What Is a D2C Business?

    D2C brands are companies that build their offering around direct digital marketing channels as opposed to selling through an online marketplace, retailer, or auction site. D2C business model in India eliminates middlemen to reach the end consumers and thus saves a lot of costs spent on distribution.

    How Does the D2C Business Model Work?

    In the D2C model, Any seller or manufacturer willing to sell his products directly to his customers can set up an online website or store and promote the products on various social media platforms. This business model completely eliminates the middleman.

    A study revealed that around 55% of consumers prefer to buy products directly from a brand or manufacturer’s website rather than retailers and distributors. This is a benefit for D2C brands in India and gives them an edge over conventional methods that involved middlemen.

    Advantages of D2C Business

    Increase in Sales

    As more and more consumers are finding it convenient and reliable to buy products from the manufacturer’s website, it assures a rapid increase in sales.

    Understanding Consumer’s Needs

    Establishing a direct relationship with consumers enables the companies to clearly understand their needs and in turn, personalise their experience so that they visit their store again.

    Cost Reduction

    When the company is self-sufficient in reaching its customers, it negates the role of any third-party distributors who earlier had to be paid.

    Diverse Catalog of Products

    Now that the companies do not require a physical area for selling their products, they can sell from a diverse catalogue of products, enabling them to offer extensive variety to attract customers.

    Top D2C Brands in India

    1. Bombay Shaving Company

    Bombay Shaving Company is a prominent men’s grooming brand based on the D2C model. This is one of the leading D2C brands in India. Bombay Shaving Company is the first-ever personal care brand that fulfils all the requirements of the consumers, globally. The Company was founded by Shantanu Deshpande in 2016 and is headquartered in Delhi NCR.

    Today, Bombay Shaving Company have over 2 million users and has around $3.4 billion market value.

    2. Mamaearth

    Mamaearth Website
    Mamaearth Website

    Mamaearth is a well-distinguished brand that received huge customer engagement and loyalty. As the consumers are putting generous efforts into fulfilling personal care needs, Mamaearth made its appearances over all the e-commerce websites such as Amazon, Flipkart, Firstcry and Nykaa, which resulted in the company with huge profitable deals.

    The users are widely preferring Mamaearth for their skincare and that’s why the company grew a huge consumer base. The revenue of Mamaearth has increased by around 3 times from the last 2019 records.

    3. The Moms Co.

    The Moms Co.
    The Moms Co.

    The very amazing personal healthcare brand for mothers. The Moms Co. sells personal care products, for all purposes like mom and baby care and postnatal, certified toxin-free by Australia. Its products are available on all e-commerce as well as physical shops. And its major source of revenue directly comes from its selling. The Moms Co. holds a market value of $6.5 billion.

    4. Plum

    Plum Website
    Plum Website

    Plum is an organic omnichannel clean beauty brand. Plum has experienced great profit since the consumer shift to the internet. The brand holds a value of around $23 billion by the year 2022.

    Plum’s team size has heightened twice that of actual and catering of over 250M+ consumers per month.

    5. Loom Solar

    LOOM SOLAR is a D2C startup, a manufacturer of Solar Panels and Lithium batteries in Renewal Energy space based out of Faridabad, Haryana. It is founded by two brothers Amol and Amod (Ex- Schneider, Airtel) in 2018.

    The Company helps Home Owners to reduce electricity bills in urban areas, while in small towns, it helps consumers to have 24X7 electricity by putting solar panels and Energy Storage Systems on the Rooftop

    Recently, it reached a milestone of powering 50,000 homes from Solar Power across India.


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    6. Wakefit

    Wakefit Website
    Wakefit Website

    During the pandemic, people have put immense concern and time into the style of their houses. And for this, the innovative sleep & Home Furniture Solutions Startup has experienced extensive growth. As of 2019, Wakefit had revenue of INR 80 crore and by the time of 2023, it has targeted up to INR 10,000 crore.

    7. Wow

    Wow  Website
    Wow Website

    Wow is a widely famous skincare pharmaceutical D2C brand founded by Arvind Sokke and Ashwin Sokke; Manish Chowdhary and Karan Chowdhary. Wow is a total of $50 million worth of business.

    Wow has its products in over 5,000 stores and pharmacies across India.

    8. Sugar

    Sugar Cosmetics Website
    Sugar Cosmetics Website

    The immensely growing beauty and makeup startup, Sugar Cosmetics was founded in 2015 in India. Sugar Cosmetics mainly targets women between the age of 18 to 25. Today, it has more than 2500 retail locations in over 130 cities across India. Its products are easily available at Lifestyle, Health & Glow, Shoppers Stop and NewU.

    9. BoAt

    BoAt Website
    BoAt Website

    BoAt is a very famous and distinguished electronic lifestyle company that provides stylish and high-quality electronic devices, at reasonable prices. BoAt’s products are available on every e-commerce website including Amazon and Flipkart. The company sells over 10,000 products every day and has more than 20 million users in India.

    10. Noise

    Noise Website
    Noise Website

    Noise is a D2C startup with a duo partnership with Chinese manufacturers to develop smartphone cases and sell them in India. Noise has a total revenue of INR 430 crore.


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    Best D2C startups
    Top D2C brands in India

    11. Licious

    Licious Website
    Licious Website

    Licious is a distinct meat and seafood d2c brand that provides absolutely clean fish, eggs and meat.  The company runs on a farm-to-fork model and provides its customers with the highest quality and totally fresh meat and seafood.

    Licious has over 3500 employees and receives millions of orders every month. Its customer base is over 1 million.

    12. Sleepy Owl

    Sleepy Owl Website
    Sleepy Owl Website

    The cold-brew coffee brand, Sleepy Owl caters for the demands for brewed and epicurean coffee across India. Sleepy Owl has numerous outlets in different cities and also, many online channels for selling its amazingly flavorful brewed coffee.

    13. Country Delight

    Country Delight Website
    Country Delight Website

    Country Delight is a leading startup for supplying fresh and pure milk at the doorstep of customers. It runs on the D2C business model and refers to consumers immediately.

    Country Delight improves the wholesome practice of Indian farmers and pays the price before its date in order to beat the competitors.

    14. Pepperfry

    Pepperfry Website
    Pepperfry Website

    Pepperfry is known to be India’s biggest and very famous online furniture startup. It provides furniture, kitchen equipment, bath, housing and dining appliances. Today, the startup has over 3.5 million active users and more than 5 million visitors per month.

    Pepperfry holds over 20 studio locations across India and 500+ vehicles for delivering the furniture consumer’s houses.

    15. Healthkart

    Healthkart Website
    Healthkart Website

    Healthkart was founded by two IITians: Sameer Maheshwari and Prashant Tandon in 2011. This D2C brand offers great quality fitness products and assistance to help the consumer in attaining their fitness purpose.

    Healthkart offers customers to order fitness products online as well as from offline stores. Its products are available in over 110 offline stores in 40 cities across India.


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    16. Lenskart

    Lenskart Website
    Lenskart Website

    Lenskart is known as the biggest organised eyewear brand in India. The company offers over 5,000 designs of frames and around 45 different types of personality lenses. Lenskart has over 600 outlets in more than 66 cities across India. Its revenue as of 2020 is INR 967 crore.

    17. Melorra

    Melorra Website
    Melorra Website

    The first-ever lightweight jewellery startup, Melorra, was developed by Saroja Yeramilli. Melorra is a Bengaluru-based leading D2C company in India that offers jewellery in a wide range at affordable prices.

    Melorra is known as the biggest distributor of jewellery in India, which has delivered its jewellery in more than 1,700 towns.

    18. Flatheads

    Flatheads Website
    Flatheads Website

    Flathead is a prominent Indian footwear startup that offers very stylish as well as comfortable footwear, suitable for every occasion. Flathead was founded by Ganesh Balakrishnan and Utkarsh Biranda. It follows the D2C business model and has grown extensively.

    19. Bewakoof

    Bewakoof Website
    Bewakoof Website

    Bewakoof is a very popular clothing brand that widely targets the young generation in India. Bewakoof has over 10 million active users every month and has revenue worth INR 200 crores as of 2020.

    Bewakoof generates ML models to optimise their customer’s accession channels and enhance broad customers’ accession costs.

    20. Candes

    Candes Website
    Candes Website

    Candes is one of the top D2C brands in India that recently raised its funding up to $3 million. Candes is a Delhi-based startup founded by Sandeep Agarwal and Vipin Agarwal in 2015.

    The annual revenue of Candes is around INR 200 crore. And have sales worth INR 10 crore every month.

    21. MyGlamm

    MyGlamm has recently opted for the most intriguing way of reaching more consumers. It has adopted the lifestyle content platform POPxo, in order to enhance the digital reach and create the 3C funnel.

    Today, the company has over 2 million active users. MyGlamm generally targets women between the age of 16 to 25 and through this, it has witnessed a growth in its revenue up to INR 200 Crore.

    22. Zissto Sauces

    Zissto Website
    Zissto Website

    Zissto Sauces is a Mumbai-based company that offers a selection of convenient, tasty, and authentic sauces. Launched by Kanhai Porecha in 2017, the company aimed to save cooking time, especially for bachelors and working couples.

    Kanhai started Zissto after returning to India from the UK where he did his graduation. He said he wanted to introduce authentic and easy-to-go Indian cooking sauces.

    Today, the brand sells 50,000 sauces bottles across Mumbai, Chennai, and online portals like Amazon and Flipkart.

    23. Everpret

    Everpret Website
    Everpret Website

    Everpret is one of the top Indian D2C brands. It manufactures and sells designer bags for working women. The founder, Yashas Alur, worked in a Bengaluru-based company before starting his own business. There, he noticed many women employees carrying more than one bag which was highly inconvenient that didn’t suit their work attires.

    From there, the idea of redesigning workbags to fit all essentials seeded inside him. So he quit his job and raised funding of Rs 8 lakh for his idea from his former boss.

    Yashas launched the Everpret website in January 2018 and started selling designer bags for working women that had enough room to fit all their essentials and also complimented their work clothes.

    24. Super Smelly

    Super Smelly Website
    Super Smelly Website

    Super Smelly is India’s first and only certified zero toxins personal care brand that offers products specially formulated for teenage skin. The company was launched by Dipali Mathur and Milan Sharma in 2018.

    As the brand is still too young to have its own manufacturing setup, Super Smelly products are manufactured at third-party facilities located across other parts of India. However, R&D is done in-house. They only use fragrances that are completely free from any toxins and allergens. The product is effective and completely toxin-free as well.

    Super Smelly is available across all major e-commerce channels. The brand also serves US and UK customers through Amazon. It is now witnessing a month-on-month sales growth of 70 percent.

    Conclusion

    The internet has brought people closer than ever before. Today, with the internet not just being a luxury for a few, but turning into every household commodity, we have seen the emergence of direct to consumer (D2C) brands in India and as a commerce model in the consumer arena. D2C Model is the future of Indian trade and retail.

    FAQs

    What are D2C brands?

    Direct to consumer companies in India have created a new methodology for eCommerce success which is taking their products directly to their buyer. Direct to consumer is a term that means when brands sell directly to their end customers eliminating the role of retailer, distributor, wholesaler, or other outlets.

    What are some of the top D2C brands in India?

    MyGlamm, Wow, MamaEarth, BoAT, Bewakoof, Noise and Licious are some of the top D2C brands in India.

    Why are D2C brands successful?

    Most D2C brands are successful because they don’t have to share first-party data with retailers as they directly sell the products to consumers.

  • World’s Largest Retailer Walmart Plans To Grow Sales

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas.

    The company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It also owns and operates Sam’s Club retail warehouses. As of October 31, 2020, Walmart has 11,510 stores and clubs in 27countries, operating under 56 different names.

    Walmart – Company Highlights

    Startup Name Walmart Inc.
    Headquarters Bentonville, Arkansas, U.S
    Industry Retail
    Founded July 2, 1962
    Founder Sam Walton
    CEO Doug McMillon
    Areas Served Worldwide
    Website www.walmart.com

    Walmart – About and How it Works?
    Walmart – Logo and its Meaning
    Walmart – Founder and History
    Walmart – Mission
    Walmart – Business Model
    Walmart – Revenue and Growth
    Walmart – Investments
    Walmart – Acquisitions
    Walmart – Competitors
    Walmart – Challenges Faced
    Walmart – Future Plans

    Walmart – About and How it Works?

    Wal-Mart was founded by Sam Walton in Rogers, Arkansas, in 1962 and focused its early growth in rural areas, thereby avoiding direct competition with retailing giants such as Sears and Kmart.

    Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighbourhood Market brands, as well as walmart.com and other e-commerce brands. The Walmart International segment manages supercentre, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside the United States.

    Walmart is the world’s largest retailer company by revenue, with US $514.405 billion, according to the Fortune Global 500 list in 2019. It is also the largest private employer in the world with 2.2million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton’s heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.

    Walmart – Logo and its Meaning

    As for the hidden message of Walmart logo, it considered that it symbolizes 6 sparks. And each spark, in turn, symbolizes ideas, which are making the company successful. They also remind of Sam Walton, who believed in himself and his success.

    Logo of Walmart
    Logo of Walmart

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    Walmart – Founder and History

    Samuel Moore Walton, an American businessman and entrepreneurs is the founder of Walmart.

    Founder of Walmart

    The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton’s 5 & 10. The Walmart chain proper was founded in 1962 with a single store in Rogers, expanding outside Arkansas by 1968 and throughout the rest of the Southern United States by the 1980s, ultimately operating a store in every state of the United States, plus its first stores in Canada, by 1995. The expansion was largely fuelled by new store construction, although the chains Mohr-Value and Kuhn’s Big K were also acquired. The company introduced its warehouse club chain Sam’s Club in 1983 and its first Supercentre stores in 1988. By the second decade of the 21st century, the chain had grown to over 11,000 stores in 27 countries.

    Walmart – Mission

    Walmart’s mission statement says, “We feature a great selection of high-quality merchandise, friendly service and, of course, Every Day Low Prices. We also have another goal: to bring you the best shopping experience on the Internet.

    Walmart – Business Model

    Walmart can develop, open, and operate units at the right locations and to deliver a customer-centric omnichannel experience. That largely determines its competitive position within the retail industry. Walmart employs many programs designed to meet competitive pressures within its industry.

    These programs include the following:

    • EDLP (everyday low price): items priced at a low price every day so Walmart customers trust that its prices will not change under frequent promotional activity;
    • EDLC (everyday low cost): effort to control expenses so that savings can be passed along to customers;
    • Rollbacks: pass cost savings on to the customer by lowering prices on selected goods;
    • Savings Catcher, Save Even More and Ad Match: strategies to meet or be below a competitor’s advertised price;
    • Walmart Pickup: customer places order online and pick up for free from a store. The merchandise is fulfilled through Walmart distribution facilities;
    • Pickup Today: a customer places order online and can pick it up at a store within four hours for free. The order is fulfilled through existing store inventory;
    • Online Grocery: a customer places grocery order online and has it delivered to home or picks it up at one of Walmart participating stores or remote locations; and
    • Money-Back Guarantee: ensure the quality and freshness of the fruits and vegetables in Walmart stores by offering customers a 100 percent money-back guarantee if they are not satisfied.

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    Walmart – Revenue and Growth

    Walmart annual revenue for 2020 was $523.964B, a 1.86% increase from 2019

    Year Annual Revenue Percentage change
    2019 $514.405B +2.81%
    2018 $500.343B +2.98%

    Walmart – Investments

    Walmart has made 12 investments. Their most recent investment was on Oct 12, 2020, when Ninjacart raised $30M.

    Date Organization Name Round Amount
    Oct 12, 2020 Ninjacart Corporate Round $30M
    Jul 14, 2020 Flipkart Corporate Round $1.2B
    Dec 11, 2019 Ninjacart Series C $10M
    Oct 15, 2019 Level Home Corporate Round $71M
    Mar 9, 2019 Girls Who Code Grant $3M
    Nov 6, 2018 WalMart India Venture Round $37.7M
    Oct 25, 2018 FreshMart Series B
    Aug 8, 2018 Dada-JD Daojia Corporate Round $500M
    Oct 20, 2016 Dada-JD Daojia Funding Round $50M
    Apr 1, 2015 Triad Workforce Solutions Grant $320K

    Walmart – Acquisitions

    Walmart has acquired 24 organizations. Their most recent acquisition was JoyRun on Nov 23, 2020.

    Acquiree Name Date Amount About Acquiree
    JoyRun Nov 23, 2020 JoyRun is a community based delivery company
    CareZone Jun 15, 2020 CareZone makes it easy to manage multiple medications, organize health information, and access health services from your smartphone
    Polymorph Apr 11, 2019 Polymorph is a white-label SaaS monetization platform for publishers to maximize revenue, reduce costs and deliver better ad experiences
    Aspectiva Feb 25, 2019 Turn Product Reviews into a Smarter Shopping Experience
    Art.com Nov 20, 2018 Art.com is an online platform designed to sell wall art and decorative items
    Bare Necessities Oct 13, 2018 Independent boutique retailers of luxury lingerie, swimwear and accessories
    Eloquii Oct 2, 2018 $100M Eloquii offers an online plus size clothing store featuring women’s plus size fashion, clothes, and accessories
    Flipkart May 9, 2018 $16B Flipkart is an e-commerce marketplace that offers over 30 million products cross 70+ categories
    Wim Yogurt Jan 1, 2018 Wim Yogurt is a modern cooking appliances for healthy homes
    Parcel Oct 3, 2017 Parcel is the same-day / last-mile delivery company built for the age of e-commerce

    Walmart – Competitors

    The top 10 competitors in Walmart‘s competitive set are Amazon, Target, Costco, Kmart, Kroger, ALDI, Walgreens, Tesco, Carrefour, and Best Buy.

    Walmart – Challenges Faced

    Walmart has faced issues with its employees involving low wages, poor working conditions and inadequate health care. Approximately 70% of its employees left within the first year.

    Walmart has been criticized by many groups and individuals, such as labour unions and small-town advocates, for its policies and business practices, and their effects. Criticisms include charges of racial and gender discrimination, foreign product sourcing, anti-competitive practices, treatment of product suppliers, environmental practices, the use of public subsidies, and its surveillance of its employees. The corporation denies any wrongdoing and says that low prices are the result of efficiency.

    In 2005, labour unions created new organizations and websites to criticize the company, including Wake Up Walmart (United Food and Commercial Workers) and Walmart Watch (Service Employees International Union). By the end of 2005, Walmart had launched Working Families for Walmart to counter those groups.  Efforts to counter criticism include a public relations campaign in 2005, which included several television commercials. The company retained the public relations firm Edelman to interact with the press and respond to negative media reports, and has started working with bloggers by sending them news, suggesting topics for postings, and inviting them to visit Walmart’s corporate headquarters.


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    Walmart – Future Plans

    The world’s largest retailer plans to grow sales by $45 billion to $60 billion in the next three years and spend $20 billion buying back its own shares.

    The growth targets, stock buyback program and an $11 billion capital expenditure program, down from $12.4 billion this year, were announced Wednesday morning in New York at the retailer’s annual fall investor conference.

    “We are uniquely positioned to win with the future of retail,” Wal-Mart Stores, Inc., president and CEO Doug McMillon told attendees, echoing what has been a familiar omnichannel theme for the company in recent years. “We will be the first to deliver a seamless shopping experience at scale.”

    Achieving that goal is key to the company’s long term growth, but to get there the company disclosed the significant investments it has made in technology, wages, pricing and a weak dollar will pressure profits. Walmart CFO Charles Holley said the company’s earnings per share, which are projected to decline this year compared to last year, will fall another 6% to 12% next year as investments in the business peak. However, within three years, profits are forecast to rebound and grow between 5% and 10%.

    Investors were looking for a faster growth trajectory which explains why following the release of the three-year profit forecast shares dropped roughly $5 to hit a new 52-week low near $60. Anticipating such a negative reaction, Holley announced Walmart had authorized a new $20 billion share repurchase program and committed to spend those dollars within two years even though it had $8.6 billion in authorization remaining under the existing program.

  • Snapbizz- Smart Billing Solution Made For Grocery Stores

    The content in this post has been approved by the organization it is based on.

    SnapBizz, headquartered in Bengaluru, provides new age solutions to convert the neighbourhood Kirana stores into smart stores with a host of features to enable the store owner to leverage on latter’s current strengths to gain a competitive edge and increase store profitability.

    SnapBizz has helped kirana/ grocery store owners in cities such as Bengaluru, Mumbai, Pune, Chennai and New Delhi deploy its digital technology-led solutions for running their retail stores. The company has set its eye on digitising over 100,000 kirana stores over the next 18 to 24 months.

    Snapbizz- Company Highlights

    Startup Name Snapbizz
    Headquarter Bengaluru, Karnataka
    Sector Retail, E-Commerce
    Founder Mr. Prem Kumar
    Founded 2013
    Parent Organisation Snapbizz
    Website snapbizz.com

    Snapbizz- About and How It Works
    Snapbizz- Founder
    Snapbizz- Name, Logo and Tagline
    How Snapbizz started?
    Snapbizz- Vision
    Snapbizz- Unique Selling Proportion (USP)
    Snapbizz – Business Model and Revenue Model
    Snapbizz- Impact On Kirana Stores
    Sanpbizz- Startup Launch
    Snapbizz- Funding And Investors
    Snapbizz- Competitors
    Snapbizz – Growth/ Revenue

    Snapbizz- About and How It Works

    Snapbizz transform traditional Kirana stores into virtual supermarkets and give them a competitive edge in the current environment to make them far more profitable.

    It is the result of extensive market research and pilot studies done to understand the pain points and key challenges of the consumer goods ecosystem stakeholders (consumer, retailer, distributor, and brand). This has led to the development of a unique disruptive product that delivers material measurable value to each of the stakeholders.

    It is driven by a highly experienced team with a proven track record in delivering measurable value both developing and developed markets through successful business models and product innovations. A highly passionate team with in-depth domain expertise and track record in prior start-ups, value creation and successful exits across Retail, FMCG, Telecom and wireless technologies.

    Snapbizz creates a social impact by:

    • Reversing marginalization for SMB’s retailers
    • Driving digital inclusion in a large section of India’s workforce
    • Skilling the bottom of the retail pyramid

    And, there Driving last mile connectivity by connecting kirana stores to consumers and other ecosystem players like:

    • FMCG brands and distributors
    • Cash and carry chains
    • Research and marketing agencies
    • Fintech players

    Snapbizz- Founder

    Snapbizz is founded by Mr. Prem Kumar.

    Prem Kumar is an industry veteran with over 30+ years of experience in Retail, FMCG, Telecom, and Technology across developed markets like US and Europe and emerging markets like India, Eastern Europe, China and Africa. In India, he has worked the length and breadth of the country in the FMCG industry and has held leadership roles in companies like Lakme Lever, Benckiser, and SC Johnson.

    He has been a part of the founding team that built one of the largest retail chains in Eastern Europe. Currently, he is the founder and CEO of SnapBizz which is India’s largest network of kirana stores – a platform that empowers the kirana store owners to leverage their strengths and gain competitive edge in the current changing landscape. Having worked very closely with small merchants across different countries, he is extremely passionate about helping them to be more successful and profitable.


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    He has been the voice of the kirana stores to represent their best interest across national and international platforms. Infact, he has been celebrating the kirana stores during the Covid times as the unsung heroes who are in the forefront of serving the country’s large population.

    Snapbizz- Name, Logo and Tagline

    SNAPBIZZ brings to you a “Smart” Billing Solution especially made for kirana/grocery stores. Perform everyday operations easily and much faster. The tagline: “THE RETAIL BOOSTER” goes perfect with ample amount of support they are currently providing to grocery stores across major cities.

    Its logo goes with a ‘bar-code’; which is pretty obvious because Snapbizz software is a GST billing software that can be customized to fit your business needs and enables users to attain higher performance.

    How Snapbizz started?

    The SnapBizz journey began with Qualcomm conducting a pilot in India to introduce wireless technology into the fragmented retail sector. Given the success of the pilot, they were on the lookout for an entrepreneur who had the experience of building a company in the space. Having seen Mr. Prem Kumar’s work with CisLink, an integrated data system derived company, they reached out to him and SnapBizz was born with Qualcomm being their first investor.

    Snapbizz- Vision

    Snapbizz’s vision is to develop a mobile technology platform connecting all stakeholders of a fragmented retail market ecosystem while adding value to individual stakeholders.

    SnapBizz is the result of extensive market research and pilot studies done to understand the pain points and key challenges of the consumer goods ecosystem stakeholders (consumer, retailer, distributor, and brand). This has led to the development of a unique disruptive product that delivers material measurable value to each of the stakeholders.

    It is driven by a highly experienced team with a proven track record in delivering measurable value both developing and developed markets through successful business models and product innovations. A highly passionate team with in-depth domain expertise and track record in prior start-ups, value creation and successful exits across Retail, FMCG, Telecom and wireless technologies.


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    Snapbizz- Unique Selling Proportion (USP)

    SnapBizz has a range of solutions solutions/apps which allows the kirana stores to carry out the store operations efficiently and effectively. It provides the store owners with their very own consumer app to acquire new customers and service their customers better. Its solutions integrates the kirana stores (via cloud) with FMCG brands, distributors, wholesalers, financial service players and E-commerce players (B2B and B2C) thereby enabling the store owners to get more promotions, better pricing, wider access to assortment, reduce working capital requirements and access to financial services. SnapBizz has had a massive impact on the society – particularly in the following areas:

    • Digital and financial inclusion of kirana store owners
    • Reversing marginalization of kirana stores
    • Skilling people at the bottom of the pyramid

    Snapbizz – Business Model and Revenue Model

    SnapBizz has developed a unique technology solution for Kirana stores that transforms it into a smart store with the help of a few plug and play options.  It has positioned its product as a “money-making machine” for kirana stores as it helps the store owners to improve their profitably. The solutions come with a host of features (back by AI and ML) to help the kirana stores compete with the larger supermarket chains from an intelligence standpoint. The easy-to-use solutions to manage and optimize store operations include:

    Point of Sales Solutions:

    Based on the business volumes/size of the kirana stores, it has a range of solutions/apps that enables the store owners to digitize all aspects of store operations – billing, customer management, inventory management, online ordering of supplies, create virtual merchandising space, take the store online and cloud-connect them to all the stakeholders of the eco-system to get better promotions/discounts from brands and suppliers


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    SnapOrder:

    A mobile app that enables Kirana stores of all sizes to go online with their supplies instantly. The consumers can use the app to place orders directly with the Kirana stores – either for pick-up or for home delivery. This enables the Kirana store to manage demand efficiently and prevent over-crowding at the store – particularly during the lockdown period


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    Snapbizz- Impact On Kirana Stores

    SnapBizz enables the kirana store owners to focus on their weak areas (Store experience, Offers, Freshly stocked produce) and compete against the bigger ecommerce/big-box players.

    Variables that is important to consumers Customer Satisfaction at Kirana Stores before Snapbizz Deployment Customer satisfaction at Kirana stores after SnapBizz deployment
    Store Experience LOW HIGH
    Proximity (from House) HIGH LOW
    Pricing/Offers LOW HIGH
    Convenient payment options (providing credit) HIGH LOW
    Freshly Stocked Products MEDIUM HIGH
    Familiarity with Store Owner HIGH HIGH

    Sanpbizz- Startup Launch

    The Smart Kirana store once cloud-connected presents real-time access to the various stakeholders of the FMCG ecosystem including brands, wholesalers, distributors, advertising agencies, e-commerce (B2B/B2C) players and financial service players. The cloud platform allows FMCG stakeholders to access valuable data on various facets of the FMCG supply chain. The data not only gives them a birds eye views of the sector nationally and by geography but also helps them build meaningful relationships with the Kirana store owners basis demand and supply.

    • FMCG Brands: SnapBizz retail analytics solution enables them to track the performance of their brand SKUs, competition and that of the category. It also allows them to engage consumers visually and contextually, run targeted promotions, overcome supply chain and assortment challenges and furthermore avoid stock-out situations.
    • E-commerce players: SnapBizz platform offers them an opportunity to leverage the hyper-local assortment demands, understand inventory and delivery capabilities of the Kirana store so that they can service their consumers efficiently and scale-up operations.
    • Wholesalers/Distributors: SnapBizz platform enables them to increase share of wallet in the store and garner insights on what they are missing out on selling to the stores.
    • Finserve players: SnapBizz platform gives them access to reach out and engage the Kirana stores with financial service products while continuously monitoring the financial health of the store.

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    In the past one month, SnapBizz has launched new solutions that enables these FMCG stakeholders to address the immediate the challenges associated with the lockdown:

    • SnapSupply: A mobile app that enables FMCG brands/distributors to list their supplies online for their Kirana store network and enables the latter to place orders. This technology solution enables its large workforce to focus more on addressing the prevailing supply chain challenges than on order generation-related operations
    • SnapPulse: This retail analytics solution enables the FMCG brands to track the performance of the products, competition and that of the category on a weekly and monthly basis. The data is collected from the SnapBizz network of stores across the country and the insights are shared by the subject matters experts/ data scientists working in SnapBizz regularly.
    • SnapTek: SnapTek enables accelerated technology migration for all FMCG stakeholders with services likes white-label applications, tech consultations, etc.

    Snapbizz- Funding And Investors

    SnapBizz’s current investors include marquee VCs such as Jungle Ventures, Taurus, Blume Ventures and strategic investors such as Nielsen, Qualcomm, AUO and Mr. Ratan Tata and has raised in excess of USD 14 million over Seed and Series A rounds .


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    Snapbizz- Competitors

    SnapBizz’s top 7 competitors are BeWo, EasyPOS, Eretail Cybertech, Nukkad Shops, Getpose, Vend and Hike POS. Together they have raised over 58.6M between their estimated 449 employees. BeWo is the top competitor of SnapBizz.

    Snapbizz – Growth/ Revenue

    SnapBizz currently has a network of 10 000+ kirana storesacross 7 major cities across India that collectively do a business (GMV) of approx. of $1 Billion/year. Given its successful inroads into major cities, the company was on its way to build a network of 50,000-60,000 Class A stores and 1,50,000 -2,00,000 Class B/C stores across 42 cities in the next couple of years – and becoming a $ 21Bn platform.


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    However, given its increasing relevance due to the lockdown (where most grocery fulfilment is being done by kirana stores), the company is now on its way to achieve that target much earlier.

    Snapbizz – Future Plans

    Given its increasing relevance in the space due to the current circumstances, SnapBizz is on a fast-track mode to build a network of 150,000 stores across 42 cities and becoming a $ 15 billion platform.