SnapBizz Cloudtech Pvt Ltd

📍 Singapore, Singapore🗓 Founded 2013👥 139 employees💰 Last funded Jun 2016
In a diverse market like India, where the traditional “kirana” stores make 98% of store coverage and 85% of the business among them, top 5% (4-5 lakh stores) contribute to 30%+ of business. Jo Dikhta Hai Woh Bikta Hai, isn't new to the consumer and retail business domains, it's even more critical with the advent of modern trade and E-commerce. But that is at best 10% of any company's business. The remaining 90% of traditional trade, even in this environment, has zero or minimal last mile connectivity between brands and consumers and retailers. The shelf life of POS material is quite limited, sometimes just one day. Its effectiveness is even more limited by the quality of seller, merchandiser, and relationship with the store owner. Same can be said about a brand’s engagement directly with the retailer. It's extremely limited and in-effective depending on the quality of seller and frequency of visits made. The traditional standalone retailer (at the top of the coverage pyramid), faces severe competition from Modern Trade and also E-commerce is highly aspirational about consumer promotions and significantly better shopper experience. To join all the dots of this fragmented space, SnapBizz has created a disruptive solution to address the business needs of the FMCG ecosystem (brands, retailer, consumer, and distributor) in large/medium “kirana” stores. The solution benefits retailers with improved profitability by using contextual visibility and smart store management. It offers to brands a never before the last mile connect with the store and its consumers. The solution is an android tablet-based, cloud-connected, business platform which is also cost-effective. The solution comprises of a tablet, barcode scanner, thermal printer, and an intelligent external 22” consumer-facing LED display for visual consumer engagement.
1
Total investors
0
Early stage
1
Mid stage
0
Late stage
2013
Founded
Investor geography1 country
Singapore
1
Frequently asked questions
Who invested in SnapBizz Cloudtech Pvt Ltd?
SnapBizz Cloudtech Pvt Ltd has 1 investors on record on gritt.io, 1 mid-stage.
When did SnapBizz Cloudtech Pvt Ltd last raise funding?
The most recent investment in SnapBizz Cloudtech Pvt Ltd recorded on gritt.io was in June 2016.
When was SnapBizz Cloudtech Pvt Ltd founded?
SnapBizz Cloudtech Pvt Ltd was founded in 2013.
What industry is SnapBizz Cloudtech Pvt Ltd in?
SnapBizz Cloudtech Pvt Ltd operates in Retail. Find similar Retail investors on gritt.io.
Where is SnapBizz Cloudtech Pvt Ltd based?
SnapBizz Cloudtech Pvt Ltd is headquartered in Singapore, Singapore.