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While technology has played a major role in solving retail for end-consumers through B2C platforms, the traditional, fragmented base of mom& pop retailers have largely been ignored. This is ironic because a typical mom& pop store has a huge (8-10%) cost advantage over modern retailers given their low tax bills, low rent and employ family. Traditional retail in emerging markets is a source of livelihood to millions. Yet they lose out for lack of access to marketing, inefficient and expensive sourcing and limited and expensive working capital. This problem is prevalent across most emerging economies where 80-90% of retail is offline and spread across hundreds of thousands of small stores.
This is where Ula comes along - Indonesia is a $300B retail market with ~70-80% of it being offline through small stores - so imagine the potential of our solution! Our app allows these small stores to access a wide selection of products at a competitive pricing, delivered right to their doorstep, as well as working capital solutions.
We provide a simple front-end app, powered by sophisticated back-end systems that determine everything from pricing to inventory to intelligent salesforce route planning. We are building many first of their kind technologies in the world and need your help in building the right systems.
We are funded by Tier-1 Venture Capital Sequoia Capital India, Lightspeed India, Quona Capital and B-Capital Group - as well as prominent industry angels such as the founders of Udaan, Rahul Mehta of DST Capital and other established Indonesian angels.
We are a culturally diverse company with 38% women and 7 nationalities - the best minds are required to solve tough problems irrespective of where they come from. If would like to join us reimagine the future of retail in emerging markets, we would love to hear from you!
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About us:
We, Infinity Assurance Solutions, Private Limited, a New Delhi-based portfolio company of Indian Angel Network, Aegis Centre for Entrepreneurship, Artha Venture Fund, eVista Venture and other marquee industry veterans; specialize in Warranty Service Administration, Extended Warranty, Accidental Damage Protection and various other service products for wide range of Mobile Phones, Home Appliances, Consumer Electronics, AV Solutions, Classroom / Conference-room Solutions, Kitchen Appliances, IT, Office automation, Personal Gadgets etc.
Incorporated in January 2014; as a debt-free, operationally profitable with positive net retained earnings, we have grown rapidly. Going forward, we are looking to grow multi-fold with newer areas of business expansion.
Our success is attributed to a very agile and technologically driven unique service delivery model, loyal long-term clients, in-house application, and lean organization structure.
More about us:
https://www.infinityassurance.com
https://www.infyshield.com;
https://www.infyvault.com
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