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.
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.
Location: Singapore
Employees: 51-200
Phone: +91 1800 103 9780
Total raised: $7.2M
Founded date: 2013
Investors 1
| Date | Name | Website |
| - | Blume Vent... | blume.vc |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 22.01.2016 | - | $7.2M | Jungle Ven... |
Mentions in press and media 5
| Date | Title | Description |
| 06.05.2020 | Indians are spending 40% more than ever at Kirana stores during lockdown | Consumer expenditure for essential goods at Kirana stores has increased by around 40% since the announcement of the nationwide lockdown. A report by SnapBizz shows that Indians were panic buying after the announcement of lockdown resulting ... |
| 28.01.2016 | Fundings-in-Brief: Microbiome Research Company Raises 6m, Frutarom Acquires NJ Biotech Firm for $20m, more | Canadian Ag Big Data Co Farmers Edge Raises $41m Series C Farmers Edge, a Canadian agriculture big data company, raised $41 million from existing investors Mitsui & Co, the Japanese trading house, Kleiner Perkins Caufield & Byers, t... |
| 22.01.2016 | India: Retail tech startup Snapbizz raises $7.2m from Jungle Ventures, Blume Ventures, others | Premium Retail-technology firm Snapbizz has raised $7.2 million (about Rs 48 crore) in a fresh round of funding led by Jungle Ventures, Taurus Value Creation, Konly Venture and Blume Ventures, according to a statement. Continue reading this... |
| 22.01.2016 | SnapBizz gets $7.2M from Jungle, others for grocery automation play | SnapBizz Cloudtech Pvt Ltd, which provides an Android-based connectivity platform to local offline grocers, has raised $7.2 million (around Rs 48.7 crore) from Jungle Ventures, Taurus Value Creation and other VC firms. Konly Venture and Blu... |
| - | Blume Ventures Discloses Investments In SnapLion, SocialBlood, Snapbizz And Greytip | Early stage VC firm Blume Ventures has recently disclosed investment in four startup in which it has first six months of the year. According to its half yearly report for 2014, Blume has invested in Greytip, SnapLion, SocialBlood and Snapbi... |