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  Technology   In Other news  11 Feb 2020  Platforms helping businesses with their tech and innovation

Platforms helping businesses with their tech and innovation

Published : Feb 11, 2020, 2:51 pm IST
Updated : Feb 11, 2020, 2:51 pm IST

Here are a few Startup platforms that would help to create a successful and sustainable SMB.

These startups rise in the market to become small and medium-sized businesses.
 These startups rise in the market to become small and medium-sized businesses.

Becoming an entrepreneur is a dream for many. Starting up a business is usually hard. But with the right guidance, these startups rise in the market to become small and medium-sized businesses. The journey for these companies just doesn’t end here.

It is just a starting point from where they will grow to become the top businesses in the country. Here are a few Startup platforms that would help to create a successful and sustainable SMB.

i. Shopmatic, making digital transition automatic: The party is about to begin and decorations are far from complete. You now know that you can’t go out to buy the cake. So, you pull out your smartphone and say “Bakeries near me” to the Google Assistant (or Siri, whichever you prefer). Then, you pick a cake online and call the shop to deliver the order on priority. Situations such as these aren’t limited to parties or bakeries, they prop up for several reasons. Perhaps, it enables local businesses to grab business by merely having a digital presence. So, they are turning towards platforms like Shopmatic to help them with their digital transition. Shopmatic provides integrated e-commerce solutions to its customers with cool graphics, interactive chat tools, social-media-based selling, and secured checkouts. There is a reason why more than 260,000 successful businesses trust the platform!

ii. Shiprocket, making logistics more seamless: One of the primary challenges experienced by nearly all tier II and tier III sellers is that the digital market requires robust logistics operations. However, such sellers neither have a strong channel network as their larger counterparts do, nor are they able to match the cost-effectiveness due to lower volumes. This challenge is being solved by logistics aggregators such as ShipRocket, which enables its customers to ship domestically and internationally at a rate of Rs. 27/500 grams and Rs. 100/50 grams respectively. The platform has active partnerships with top 17 courier companies, thereby equipping its customers with access to over 26,000 PIN codes in India and over 220 countries. It also provides early-COD to its customers which helps them experience lower turnaround time in terms of payments.

 iii. CoutLoot, making anyone sell in just 30 seconds: It barely matters if you are an established business or a budding homepreneur, CoutLoot is a platform that enables anyone to sell online in just 30 seconds. The Social Offline-to-Online (O2O) commerce platform allows seamless interactions between buyers and sellers through its social-media-based model. It helps aspiring digital sellers from the tier II and tier III market (or any other market in that context) to automatically catalog their products while also providing logistics, payment, and reconciliation support. Sellers can also share their end-to-end offerings over social media platforms such as WhatsApp, Facebook, etc. with their prospective customers. CoutLoot, an acronym for ‘Couture and Loot’, surely does justice to its name!

Syntizen, simplifying customer onboarding: Customer onboarding process and KYC is a task in itself for businesses. However, regulatory bodies across various sectors make it mandatory. Well, Syntizen makes it as simple as it can get. The platform, using its eKYC-based approach, decreases the KYC costs to a mere 10% to 15% as compared to the physical means. Syntizen’s e-COS further bundles Aadhaar eKYC, e-NACH mandate, and digital signature together, making everything from customer onboarding to automated payments completely seamless for the businesses.

Tags: start-ups, technology