Snapbizz Cloudtech Pvt Ltd, a retail-technology firm,that equipped the remote grocery stores, has raised $7.2 million in a funding led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures to spur across cities in India.
“Large retail and online players account for only 10-15 per cent of any brand’s business. The remaining 90 per cent happens through traditional trade. We are on a mission to address this big gap while addressing the pain points of the kirana stores,” CEO Prem Kumar said in a statement.
The Bangalore based company, founded by Prem Kumar, who has over 30 years of experience on building organization to scale greater heights through Technology/Business model innovations & Brand building, had earlier received a seed fund of $1.7 million from Qualcomm, Jungle Ventures, National Research Foundation of Singapore, Taurus Value creation and Blume Ventures.
Snapbizz provides Android-based technology solution to retailer in the form of a tablet, barcode scanner, printer and a consumer-facing LED display for consumer engagement and managing the billing and inventory. They define themselves as a disruptive innovation for retail stores.
SnapBizz is one of a small but growing number of start-ups like IPay Tech India Pvt. and StoreKing that aim to help small businesses like grocery stores to bridge the digital gap by targeting specific uses like payments or enabling e-commerce.
They work on ‘Jo Diktha Hai, Woh Biktha Hai’ moto. They show products and offers on the unique SnapBizz display to increase sales, with freedom to attract customers with their own schemes. This enables them to expand their base and get existing customers to shop more, attract new customers and create store loyality. Thus reducing excess stock and improve profitability, also get schemes from brands directly.
The features which puts them out of the box are Highly improvised visibility, Fast and easy billing, Stock management, Customer relationship management, Web store and yeah very easy to install!
Thus Snapbizz is a custom developed solution that addresses the unique needs of the “Indian Kirana”.
Go, Install and start shopping!