Over the last few years, Indian startups
have opened gates to innovation, from bringing our daily groceries at our
doorstep to letting us get a cab when stuck in nowhere. We bring you five
innovative startups in retail those are going to raise the bar of innovation
with their Technology.
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Preksh is a Augmented Reality Solution that creates
real-time stores presence with a 360°Walkthrough.
Their technology-based solution
enables businesses to take their stores to customers, wherever they are, 24X7.
Consumers will be able to enjoy seamless shopping experience of walking through
their favourite store, discover their choice of products looking around the
store, just the way they do in a physical store, and purchase online at their
own convenience.
Funding Status – Funded by Target , Amrita Technology
Business Incubator
2. Nexhop
Nexhop is a retail technology platform
exclusively catering to the digital demands of offline businesses. It enables
Retail businesses and service providers with technological needs such as retail
analytics, web presence, mobile app and cloud inventory management. Many retail
stores are stepping into the online world for the first time by adopting the
technology platform of Nexhop and they are effectively building their online
brand identity and trust by leveraging the data technology. Nexhop is currently
operational in Bangalore where they are headquartered. They also have a
Development Center in Toronto, Canada. An ultimate platform for small
businesses to get quick help to manage their inventory, track orders, interacts
with customers intelligently.
Funding Status: Bootstrapped
Infinite
Analytics delivers personalization solutions to the e-commerce companies. The
analytics company brings personalized site search and recommendation products
and it scales with millions of products per catalogue serving millions of
visitors per day.
It
creates a complete record of every user based on the catalogue search and
unstructured data from online, offline and macro-trends from the web. It’s
machine learning tool brings a lot of predictive analytics, which can predict
user’s behaviour for retail and e-commerce applications.
Funding status - Funded
by Procyon Ventures
4. MintM
Customer engagement company MintM analyzes in-store customers . Their product 'Magnet' is a cloud based responsive
and analytical platform in brick and mortar shops. 'Magnet' displays relevant
content, responds and tracks expressions and generates statistics. The
adoption of this technology can be seen in the outlets like Star Bazaar, Jawed
Habib, HyperCITY, Aviva Insurance, Printo and many overseas entities including
Target, the retailing giant.
Funding status -
Funded
5. Lechal
Started as a manufacturer of interactive
shoes for the visually impaired, Lechal has today brought to us the latest in
‘smart’ technology, smart footwear. Gone are those days when your shoe can only
cover your foot. With Lechal, you can not only walk the Lechal way by
navigating your way with Bluetooth enabled insoles in your shoes, but also keep
track of the area you covered and the calories you burnt. Innovated an
assembled in India, Lechal is also a communicating device where you can enter
any location for your destination and you can easily reach there without any
map. With cool features like Group journey, where a group of Lechal users
heading to the same destination can track each other en route, Lechal pods
support battery life of up to 15 days. Visit lechal.com and transform way you
walk and change the live of a visually impaired with every shoe you buy.
Funding Status –
Funded