SnappRetail
A retail fintech startup that aims to digitize the traditional trade by creating a virtual retail franchise across Pakistan, through deployment of its POS hardware/software.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
* | $2.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 166 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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SnappRetail.io is a startup that operates in the retail sector in Pakistan, providing a comprehensive retail operating platform for traditional trade retailers. The company's primary aim is to help these retailers increase their profit margins and overall revenue by digitizing their operations and optimizing their functions.
The platform offers a user-friendly interface that integrates the majority of a retailer's functions, allowing them to manage their day-to-day activities seamlessly. This includes sales recording, inventory management, and credit management. By digitizing these operations, SnappRetail.io ensures a smooth flow of data and efficient management of daily operations.
Moreover, the platform also provides daily sales and profit reports, enabling retailers to use analytics to grow their business. One of the standout features of SnappRetail.io is its predictive ordering system, which anticipates the stock-keeping units (SKUs) needed by the retailer. This feature ensures better profit margins and more than 90% SKU aggregation for each retailer.
SnappRetail.io's business model revolves around providing these services to traditional retailers, helping them to modernize their operations and improve their customer service. The company earns revenue by charging these retailers for using their platform.
The startup has received positive feedback from its clients, who report that the platform has sped up their daily processes and improved their credibility with customers.
Keywords: Retail, Pakistan, Traditional Trade Retailers, Digitization, User-friendly Interface, Sales Recording, Inventory Management, Credit Management, Predictive Ordering, Customer Service.