Transforming Shops into SmartShops

Problem

Hyperlocal retail shops are loosing their customers and traction after rise of Malls and E-Commerce stores due to:

Lack of technology and unavailability of innovative tools
Lack of customer engagement
Mismanaged and unorganised inventories and sales

Price of POS/billing software is the important concerns for shopkeepers.

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Solution

An Innovative platform which gives power to the shopkeeper and unleashed hyperlocal shopping experience to their customers.

Product

InventoryNext:

Powerful, Multi Platform and Cost-effective Billing tool / POS System which can provide end-to-end shop management solutions to Hyperlocal Stores with Anytime, Anywhere access.

ShopNext: One App where customer can

Find relevant nearby SmartShops with available products and offers
Save their Purchases/Orders, Bills/Invoices, Reward Points, StoreCredits
Give review and ratings to SmartShops .

Market Capitalization

Retail Market is one of the pillars of India’s economy and accounts for about 22% of its GDP.
The Indian retail market is estimated to be $500 billion.
One of the top five retail markets in the world by economic value.
India is one of the fastest growing retail markets in the world, with 1.2 billion people
India's retail market is expected to expand and reach the market cap of $1.3 trillion by 2020. - TOI
The current retail sales in India is worth $925 billion and had grown at 5.8% on compounded annual growth rate in 2010-2014. - Indiatimes

Revenue Model

Expected Revenue

We will charge avg. ₹ 2000 from each SmartShop

50,000

Shops

in 3 years

Will Generate

₹ 10 Cr.

Per Month

₹ 120 Cr.

Per Year

Competition

Providing mobile POS, payment processing and smart point of sale solution

Mobile POS system featuring payments, billing, inventory, reporting

Shopify POS is iPad based Point of Sale

Mobile Payment Service that enables Merchants to Accept Credit & Debit Card Payments

Competitive Advantages

End to End solution for retailers.
Avg. 75% less price than competition.
One Click Integration and Inventory syncing with e-commerce marketplaces.
Cloud as well as Offline billing and transactions
CRM & Business Intelligence with Real Time analytics
Electronic Receipts, Customer Engagement, Reward Points, Offers with ShopNext app
Universal Product DB - No more manual entries to add products
Minimum Hardware cost
Multilingual - Indian local languages

Go-to-Market Strategy

Organising City Level Meetups to attract local retailers
Providing free data migration/import from existing software
Introducing Referral Marketing
Building In-house regional sales teams.
Print Media, Social Media & Content Marketing

Founders

Karan Comes from Entrepreneurial as well as Project Management background, Started his first company at the age of 18, while pursuing engineering degree; Worked as Head-Software Development for a year with Pune based Edu-Tech Startup.

Shubham is also from Entrepreneurial Background, He dropped out of college and started his company at the age of 16, Shubham is Technology guy who love to eat, sleep, live with the code and create/build awesome products.

Karan Shinde

CEO & Co-Founder

Shubham Rajelli

CTO & Co-Founder