VenueX

VenueX

Promote your business profiles and in-store inventory online & measure the offline conversion of your digital campaigns.

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Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

More about VenueX
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VenueX is a forward-thinking startup that aims to bridge the gap between physical retail stores and the digital world. The company provides a comprehensive platform that allows brick-and-mortar stores to showcase their local inventory online, making it easier for potential customers to find and visit these stores. VenueX primarily serves retail businesses that have physical locations and are looking to increase their foot traffic by enhancing their online presence.

Operating in the retail technology market, VenueX offers a suite of tools designed to digitalize the in-store experience. This includes features like indoor maps, real-time inventory updates, and detailed business data that can be accessed online. By making local store information visible in online search results, VenueX helps retailers attract more customers who are searching for products nearby. According to data from Google, 75% of people who find local information in search results are more likely to visit the stores, highlighting the importance of VenueX's services.

The business model of VenueX is based on a subscription service where retailers pay a fee to use the platform. This fee grants them access to various tools that help them manage their online presence, monitor foot traffic, and analyze customer interactions. By providing these insights, VenueX enables retailers to make data-driven decisions that can enhance their sales and customer engagement.

Revenue is generated through these subscription fees, and potentially through additional premium features or services that retailers can opt into. The platform's value proposition lies in its ability to drive more in-store visits by making local inventory searchable online, thus converting online queries into physical store visits.

Keywords: Retail Technology, Online Inventory, Foot Traffic, Digital Presence, Indoor Maps, Business Data, Customer Engagement, Subscription Service, Data-Driven Decisions, Local Search.

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