Emerging Market Retail is Inefficient
In developing markets, traditional retailers sell thousands of products every year. In Latin America, there are over 10 million traditional retailers who represent some 40% of sales volume in the region. In India alone, there are 13 million traditional retailers in a fast moving consumer goods projected to reach $100 billion by 2025.
However, armed with with little more than a pen and paper, retailers fail to track sales and expenses accurately.
Healthy businesses suffer because retailers are unable to make crucial decisions on purchasing, inventory management, and capital expenditures
Traditional Retail vs Modern Retail in Emerging Markets
% Traditional
Source: Fundes and Nielsen
COVID-19 has brought us to the breaking point of pen and paper
Retailers are struggling with several challenges:
Loss of In-Person Sales
Inability to Accept Digital Payments
No E-Commerce Presence
Lack Access to Credit and Financing
Difficulty Delivering Orders
Purchasing from Suppliers is Difficult
Gyaan Tel Empowers Marketers and Retailers on a Mobile First Platform
We enable SME retailers to optimize supplier purchasing decisions, track sales and inventory, and access financing and credit.
Our B2B Model For Distributors and Retailers
Step 1: Retailer Installs Gyaan Tel App
Gyaan Tel app is downloaded with pre-loaded products that can be customized for retailer inventory
Step 2: Retailer views products from multiple suppliers
Retailer can view product catalog from multiple suppliers that they work with across product categories.
Step 3: Selects products from cart and pays via mobile wallet, card or alternative lender
Retailers can pay suppliers and distributors through multiple payment gateways or they can allow a third party, alternative lender to make a payment on their behalf.
Step 4: Products are delivered by distributor and electronically added to retailer inventory
Distributors can avail route planning tools and make scheduled deliveries to retailers. Retailer inventory is electronically updated once they accept a digital invoice.
Step 5: Retailer sells products to consumers using bluettooth barcode scanner, inventory is debited
Retailer has the option of using a bluetooth barcode scanner to manage inventory and sales or a touch screen menu. Inventory is debited from stock once sold to consumers.
Step 6: Retailer reorders products via Gyaan Tel App, receives AI recomendations on appropriate level of stock
Retailer reorders products from suppliers and receives artificial intelligence based recommendations on optimum stocking levels for products.
Our B2C Model for Retailers and Consumers
Step 1: Consumer visits micro website for retailer, enters phone number and one time password
Consumers don't need to download an app to view retailer product catalogs and make orders. They just need their phone number and a one time password.
Step 2: Consumer views product offers and retailer online catalog
Consumers can view retailer online catalog's across categories, avail special offers and discounts
Step 3: Selects products from cart and pays via mobile wallet, card or alternative lender
Retailers can choose to pay retailer via several different payment options including mobile wallet, card, or alternative lenders
Step 4: Products are delivered by retailer and debited from retailer inventory
Consumer receives products from retailer and the retailer's stock level is debited.
Step 5: Retailer has option to extend credit to consumer and settle payment via mobile wallet platforms
Retailers can extend credit to specific customers, send follow up messages, and settle payment via mobile wallet platforms
Step 6: Consumer reorders products via retailer micro website and can select items that are to be ordered weekly
Consumer has option to choose items that should be delivered on a weekly basis via micro website.
Our Team
Nishant Dixit - Co-founder and CEO
Nishant started researching and working on Gyaan Tel in 2015 after spending a year in India working on entrepreneurship development projects with the Tibetan Government in Exile with TechnoServe. He began his career as a management consultant for IBM Global Business Services, focusing on the company’s growth in emerging markets. He has also worked alongside start-ups from Argentina, South Africa, Turkey, and Uruguay as a consultant for Endeavor Global.
He is a graduate of Columbia University where he earned a Bachelor of Arts in Middle East and Asian Languages and Cultures.
Juan Carlos Avalos - Co-founder and CTO
Juan Carlos grew up in Buenos Argentina and worked in traditional retail shops throughout high school. He has a passion for making technology accessible. Juan Carlos has 8 years of experience in software development for banking and ATMs with CrediLogro$ and Banco Galicia
He is a graduate of the National Technological University of Argentina in Buenos Aires
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