FYOOL, a unique cashback app that hit the android market last year, offering up to 50% cashback on petrol, diesel, CNG, LPG, restaurant along with all types of wine and beer now once again makes a buzz. It now boasts of a new user interface in which school fee, groceries, travel, hospital, pharmacy, saloon, apparel, online bill payments and a lot more has been included in 50% cashback offerings.
Looking at the growing user base the App is all set to kick off with its dedicated ‘Rupay card’ which will be used for all the shopping and cashback. The card can be easily booked by a request made through the application itself. The card will work like a prepaid debit card and valid for all online shopping and swipe machines. It will give added comfort to the users as they no longer have to upload bills in the new version. All the transaction and shopping will be made through the card.
The card needs to be recharged like any prepaid card. Users can recharge cards from the application. The app will be setting limitations on the monthly cash back and the Cashback can be redeemed by claiming any product from the app without paying any cash by the user.Fyool Rupay prepaid Card was recently launched by TV Celebrities Delanz Irani & Pankit Thakkar.
Commenting on the new development, Raunak Sharma, Founder FYOOL said, “We have upgraded to the new version as we are getting a very good user response and felt that the time is apt to move to the next level of offering. Our intention is in sync with our core philosophy of reducing the financial stress of the common man that this difficult time has pressed upon us. We want to ease the financial drain on the middle-class people who have been severely hit by the pandemic situation hence we have now added the grocery category too. We all know in the current scenario; the lower income group continue to feel thepinch while buying daily household items. We want the housewives also to benefit by using the cashback for grocery items.
So, keep yourself-updated with the new trend of saving money by downloading FYOOL app from play store or app store. Register yourself with name, mobile no. and email id and book FYOOL prepaid card today!
Once you receive the card, set your card pin from the FYOOL app. Load money in your card by selecting top-up in FYOOL app. Use your card anywhere offline or online like petrol, diesel, CNG, LPG, groceries, medical bills, school fees, online bill payments etc. Get 50% cashback on every transaction. And you can redeem your cashback by claiming the products like air conditioners, air purifiers, home theatres, and laptops, LED TV, mobile phones, refrigerators, scooty,
bikes and many more from the shopping cart of FYOOL app. It’s that simple!
FYOOL was created with the intention to uplift the lives of overburdened customers with the price hike owing to the unexpected pandemic and lockdown in 2020. The FYOOL cashback app is one of its kind in the market and instrumental in creating an additional income for the lower-income groups and housewives.
This creative venture is the brainchild of Mr. Raunak Sharma and the app is completely ‘make in India’, thus promoting the Atmanirbhar Bharat scheme started by the Government of India.
Fyool App, Fyool App Interface, User Interface, Cashback, IT News, Technology News, Telecom Today
Tech Startup Xencov Software Venturing to Advanced Technologies- AI, ML & IoT
Xencov Software announced that it is venturing to new-age technologies such as Artificial Intelligence, Machine Learning & IoT. This initiative is a result of several enterprises taking steps in incorporating new-age technologies in business operations as a result of Covid-19 pandemic. This helps enterprises to save money, boost efficiency, generate insights, and create new markets. With a focus on product development based on Artificial Intelligence, Machine Learning, IoT & intuitive Design, Xencov Software aims to scale up the business to 2x.
Today, it is imperative for enterprises to tap opportunities in data analytics, Artificial Intelligence (AI), Machine learning, IoT, etc. to remain relevant & stay ahead.
The sector has a more prominent role in the future with the increased dependency on these technologies & will have a greater impact on the businesses.
According to Suroor Wijdan, Founder of Xencov Software, “In the near future given the current pandemic situation, there will be an increased dependency on digital tools. Moreover, technology companies and start-ups have realized the need for AI, Machine Learning & other new technologies in solving the business needs. “
He further added that with changing trends, Xencov started working on these technologies which is a growth opportunity for us.
According to a report, the global artificial intelligence (AI) market size will grow by US$ 75.54 billion during 2019-2023. McKinsey predicts that AI will boost productivity way more than the steam engine was able to in the 1800s. AI’s impact on the global economy is that it will have generated US$13 trillion in economic activity across the world by 2030, says McKinsey. It also expects that AI will add about 1.2 per cent of additional GDP growth per year through to 2030.
Retail Startup Perpule Announces the Expansion of Its Footprints in Southeast Asian Market
Following the massive rise in demand of ecommerce enablement solutions globally, Perpule expanding its footprint to the Southeast Asian market with its ecommerce enablement product Perpule E-Commerce+. Through this expansion, the company is targeting modern retailers – spanning across categories like fashion, grocery, electronics, food & others – operating in Indonesia, Malaysia, Vietnam, Thailand, Singapore & Philippines.
The retail market in Southeast Asia is over $700 billion but is yet to adopt modern technologies and become heavy on ecommerce. COVID-19 has further exacerbated the situation by disrupting the businesses of several offline retailers who are now facing a slowdown in sales and operations. Perpule E-Commerce+ strives to address these challenges by driving ecommerce readiness and thereby helping the retailer community restart their operations afresh in the post-COVID world. The company aims to secure around 20% of the ecommerce market share and help offline retailers switch to an online model in minimum time.
Perpule Ecommerce+ is truly built with a next gen approach to facilitate ecommerce smoothly from offline stores and has all the necessary integration with leading payment gateways, logistics players, ERP, POS, Loyalty etc. to make ecommerce enablement much easier for retailers. Perpule’s homegrown Progressive Web Apps (PWA) technology is a game-changer in ecommerce for retailers. It offers users a superior browsing experience even on poor internet connections and works completely offline thereby improving conversion rates by over 40%.
Commenting on the expansion, Abhinav Pathak, CEO & Cofounder, Perpule said, “While the entire world stands disrupted by the unprecedented impact of COVID-19, the retailer community has been impacted the most. At Perpule, we aim to equip retailers with an advanced, new-age online platform and provide them with a major fillip to effectively and profitably run their businesses, even during a crisis like this. We are delighted to foray into the Southeast Asian market and will endeavor to serve customers in the best possible manner through our tech-driven platform.”
Retail Aggregator F5 Raises Seed Funding from Venture Catalysts
Venture Catalysts recently invested an undisclosed amount in retail aggregator F5. The New Delhi-based startup, incubated by Gurgaon based leading Incubator, Huddle, has previously raised funding from prominent angel investors and micro-VCs including LetsVenture, Madhusudan Kela backed Singularity, Artworks Founder Mohit Satyanand, Tres Ventures, Country Delight founders and Startup Buddy to name a few.
Founded by IIM-Lucknow alumni Raghav Arora and Lalit Kumar Aggarwal in 2018, F5 is committed to creating a unique and first-of-its-kind supply chain and retail aggregation model that specifically caters to the workplace retail segment, which is an estimated $64 billion industry. Keeping in line the government’s ‘Vocal for Local’ campaign, the company is also empowering neighborhood shops and small businesses by providing them with end-to-end support to reach more customers.
As a workplace retail brand and an aggregator of local but high-quality refreshment stores, the startup has successfully on-boarded 4000+ paid consumers across Delhi and Lucknow, whilst enabling and optimising the revenue of these vendors. With tea as its primary offering, F5 sells
more than 8000 cups of tea per day on average, recording annual revenues worth INR 150 lacs.
The USP of F5 lies in its multi-faceted, multi touchpoint approach to providing new opportunities for its partner vendors to up-sell and cross-sell their products ranging from refreshments to services, thereby creating a dynamic micro-market and increasing revenues of its partners
Putting light on F5, Raghav Arora, Co-Founder F5, highlighted “Our consumers wanted us to have physical stores and be near them for their immediate needs. Just a couple of months back, we decided to cater this demand by partnering with already existing vendors. We have so far partnered with 20+ such vendors and have plans to partner with 5000+ vendors within NCR only. For customers, we are a brand for their workplace needs that is fresher and more authentic. For our vendors, we have become their access point for multiple partnerships that can boost their business and revenues. F5 is also becoming a unique supply chain for many tech and non-tech consumer brands,”
Speaking on the investment, Dr Apoorv Ranjan Sharma, Founder, Venture Catalysts, said, “The COVID-19 crisis has posed unprecedented challenges to India’s business ecosystem, making us realize the importance of local manufacturing and supply chains. As emphasised by Prime Minister Narendra Modi, it is the time to revive our local industries and businesses that struggle to cope with larger brands despite offering quality products/services. F5 is doing exactly this – upskilling as well as providing technology, delivery and management support to local vendors and SMEs while helping organize the highly fragmented workplace retail space. The startup has already exhibited a robust growth trajectory, and we are confident that the latest funding round will further add to its strengths.”
Expressing his delight, Lalit Kumar Aggarwal, Co-Founder F5, added, “We are delighted to get Venture Catalysts on board alongside other investors. We will use the funding to optimize our supply chain operations and reach a wider audience. While we have started our journey quite recently, the investment from Venture Catalysts comes as validation of our work. We look forward to a fruitful association with them.”
“From day one, the F5 team has focussed on localisation, quality, hygiene and efficiency, as the four mantras to their business, in order to successfully provide their service to all their stakeholders. As an incubator, and their partners, their growth has also showcased a lot of discipline towards these moats, and it’s a delight to have the VCATS team joining as part of this journey”, Sanil Sachar, Founding Partner, Huddle.
Over the next year, F5 plans to expand the scope of its retail aggregation and supply chain through “workplace retail delivery service” by offering a wide range of products such as extended portfolio of refreshments, meals, beverages along with and services including delivery pickups and drop offs, micro ATMs, and mobile recharges, among others. The company also looks forward to enabling and empowering more local stores in the country that lack infrastructural support.
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