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Snapbizz looks to expand in South, enters Andhra, Telangana

The company plans to tap nearly 15,000 to 20,000 kirana stores in the next 12 months in cities like Mumbai, Pune, Delhi, Surat, Gujarat and Southern cities.

, ET Bureau|
Updated: May 23, 2017, 11.37 PM IST
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HYDERABAD: Retail-technology firm Snapbizz, that connects Kirana stores, on Tuesday announced its entry into the states of Telangana and Andhra Pradesh as it plans to tap nearly 3,000 retailers in a year, informed a senior company official in Hyderabad.

The company plans to tap nearly 15,000 to 20,000 kirana stores in the next 12 months in cities like Mumbai, Pune, Delhi, Surat, Gujarat and Southern cities. It currently has 2,500 stores under their network.

Prem Kumar, chief executive officer and co-founder, SnapBizz said, “The Goods and Services Tax turned out to be a shot in the arm for us and we have been good number of enquiries from kirana stores for our products.”

The company sells point of sale (PoS) machines, printers, LED TVs and a bar code readers to each of the Kirana stores along an app under their network for Rs 40,000 that helps them to tap the local demand which is shifting to modern retail. The company also works with FMCG companies by sharing consumer behaviour insights that helps to them to make consumer focussed promotions.

The solution enables retailers to increase sales through smart merchandising and promotions, obtain revenue generation from brands, and enhance profitability via smart inventory management.

“We provide each store with a unique code that can be fed into our mobile application and the buyer can access all the products of that store on a virtual market to make an order. This way, the store can attract more buyers and nearly 15-25% improvement in profits,” said Kumar.

SnapBizz has opened its offices in Hyderabad and Vizag and appointed 3MT Networks Pvt. Ltd. as the distribution partner for the region and is looking at stores across Hyderabad, Vizag, Vijayawada and Guntur to expand.

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