Djinie Technovations

software/whitelabel/apis-paymentspayments

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 09/07/2020

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About

We are a retail technology company that looking build technology that focused on bringing clarity and ease of choice to the shopping world. While the internet provides data on shopping options, they are primarily focused on online options. And offline is completely left out. with no option for the shopper to check the product ad its quality and get advice on it etc. And when offline the users is bombarded with so many ads and options that there is no clarity on which option best fits their requirements and price. In this chaos of choice, lack of clarity and transparency of both online and offline the shopper more often than not gets disappointed. Djinie is looking to address this problem with a hyper-personalised 2 sided market place enabled by remote and on-premise tech.

MEDICI Analysis

Djinie is a mobile shopping app that lets users shop across multiple categories and buy from their favourite online & offline stores. The company aims to deploy technology to help shoppers and merchants focus on what they want to buy or sell rather than how they want to buy and sell, and also creates memorable shopping journeys by connecting the right buyer to the right seller by engaging them in a better way.

Focus

PRODUCTS & SERVICES

It is Digitally enabled omni channel marketplace connecting shoppers and merchants. Aims to deploy technology to help shoppers and merchants focus on what they want to buy or sell rather than how they want to buy and sell.

REVENUE MODEL

Commission from merchants for each sale.

MAIN CLIENTS

Merchants

PRIMARY PROBLEM SOLVED

Ability for shoppers to find specific products with offline merchants (which they can't today) and have more clarity on where to buy from. This leads to their inability to know that there are very good and exciting deals in the offline world that could possibly give them better value for money and convenience than buying online And enable merchants to find shoppers who may be looking for specific products.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

Djinie aims to empower the retail industry with its innovative technology to build a seamless connect across all the key relevant players. It is not a marketplace but a space that brings everyone the rewards of the new age technology while keeping the goodness of the old.

Traction

REVENUE

$100k - $499 in 2016

REVENUE COMMENT:

We have just launched and it is too early to comment on the revenue. But the potential for revenue is immense. The revenue is based on commission of closed transaction from merchant.

NUMBER OF TRANSACTIONS:

15.00

TRANSACTIONS VALUE:

1 K

TRANSACTIONS COMMENT:

We are in the pilot stage of our Launch. have been in the market for 1 month. We have almost have a 90-95% interest level of participation from Merchants. And a very good level of app download engagement at a shopper level. We are likely to reach around 1-2 transaction a week in the coming month. The conversion of merchant into active participation was found initially to be a time consuming process. We've found solutions to address that and are actively working towards on-boarding many multiple outlets merchants. Ranging from small to medium sized merchants. We will need seed fund to develop and grow this platform to reach what we are seeing as potentially very high volumes of transactions. There is obviously a space for the solution we are proposing and no one is addressing this space.

ACTIVE USERS:

200

ACTIVE USERS COMMENT:

We did a small pilot in a small area in Mumbai with a small set of products. we managed to get some transactions done and some simulated. With only 10-12 merchants and 200 shoppers. We've opened the platform now to over 3000 merchants across all of mumbai with much improved and enhanced app workflows. We anticipate to see more traction.

company provided insights

People

NUMBER OF EMPLOYEES

1-10

COMMENT:

the Founders are a bunch of 40+ year adventure seekers,in love with the tech world,the developments there in.,the team bunch of tech savvy, enterprise hungry youngsters from young college interns,grads to experienced tech specialists who just love the idea of solving problems using technology. All of us believe that while technology is moving leaps,bounds in India. the smart,intelligent use of technology to solve real world ground problems thats relevant to the Indian retail market is missing. And we think with djinie we might just be able to do that. we aren't looking to build a over valued company. Nope. Thats not our objective. We are looking to build real value through the use of real,applicable technology solutions that will deliver long lasting value to the all the stake holders in the retail world seamlessly,efficiently. It just needs connecting the right dots.,with djinie we can to do that.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$500 K

USES OF FUNDS RAISED:

1. Marketing and Sales

2. Development and enhancements of features for more traction

MONTHS LEFT WITH CURRENT CASH BURN RATE:

3 months from 27 May, 2016

BASICS

FOUNDING YEAR:

2015

LOCATION:

India

Views:

84 VISITORS | 156 VIEWS

About

We are a retail technology company that looking build technology that focused on bringing clarity and ease of choice to the shopping world. While the internet provides data on shopping options, they are primarily focused on online options. And offline is completely left out. with no option for the shopper to check the product ad its quality and get advice on it etc. And when offline the users is bombarded with so many ads and options that there is no clarity on which option best fits their requirements and price. In this chaos of choice, lack of clarity and transparency of both online and offline the shopper more often than not gets disappointed. Djinie is looking to address this problem with a hyper-personalised 2 sided market place enabled by remote and on-premise tech.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Djinie is a mobile shopping app that lets users shop across multiple categories and buy from their favourite online & offline stores. The company aims to deploy technology to help shoppers and merchants focus on what they want to buy or sell rather than how they want to buy and sell, and also creates memorable shopping journeys by connecting the right buyer to the right seller by engaging them in a better way.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Djinie Technovations

About

We are a retail technology company that looking build technology that focused on bringing clarity and ease of choice to the shopping world. While the internet provides data on shopping options, they are primarily focused on online options. And offline is completely left out. with no option for the shopper to check the product ad its quality and get advice on it etc. And when offline the users is bombarded with so many ads and options that there is no clarity on which option best fits their requirements and price. In this chaos of choice, lack of clarity and transparency of both online and offline the shopper more often than not gets disappointed. Djinie is looking to address this problem with a hyper-personalised 2 sided market place enabled by remote and on-premise tech.

Focus

PRODUCTS & SERVICES

We are a digital platform thats looking to address 2 problems in the Indian Retail market: 1. Shoppers inability to Discover product, price and inventory availability for offline merchants (this leads to their inability to know that there are very good and exciting deals in the offline world that could possibly give them better value for money and convenience than buying online) 2. Merchants (offline) inability to identify shoppers who are looking for offer and configure (or reconfigure) their offers to respond to the market in near real-time so as to gain more business, especially small to medium merchants. With close to 90% of India’s retail being offline (both organised and unorganised) it is imperative that this market be addressed. djinie is such platform that enables this discovery while keeping the benefits (trust, reliability and surety) of offline human-human trade intact. Ofcourse for those who like the online model of shopping can also do so through djinie if they choose to. djinie intends doing that suing various technologies including mobile, Digital, omni-channel and IOT tech to streamline and enhance these experiences.

REVENUE MODEL

Commission from merchants for each sale.

TOP PROBLEM SOLVED

Ability for shoppers to find specific products with offline merchants (which they can't today) and have more clarity on where to buy from. This leads to their inability to know that there are very good and exciting deals in the offline world that could possibly give them better value for money and convenience than buying online And enable merchants to find shoppers who may be looking for specific products.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

While product, price and inventory discovery is the initial goal the end goal is to create a seamless tech interface that provides shoppers with an Omni-market experience with hyper-personalizaiton using tech like, IOT, big data, AI based tech for search and data and so on.

KEY DIFFERENTIATORS

The only platform that enables seamless product, inventory availability and Price discovery across both online and offline and enables merchants and shoppers to engage and close transactions online or face to face and retain their own individual sales policies.

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

Citrus Pay : Payment Partner

L'Oréal India : Product data partner

Amazon : Affiliate Program

Flipkart : Affiliate Program

Snapdeal : Affiliate Program

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Vinod Govindan

CTO: Vivek Ranka

CRO: Nihar Oza

TEAM COMMENT:

the Founders are a bunch of 40+ year adventure seekers,in love with the tech world,the developments there in.,the team bunch of tech savvy, enterprise hungry youngsters from young college interns,grads to experienced tech specialists who just love the idea of solving problems using technology. All of us believe that while technology is moving leaps,bounds in India. the smart,intelligent use of technology to solve real world ground problems thats relevant to the Indian retail market is missing. And we think with djinie we might just be able to do that. we aren't looking to build a over valued company. Nope. Thats not our objective. We are looking to build real value through the use of real,applicable technology solutions that will deliver long lasting value to the all the stake holders in the retail world seamlessly,efficiently. It just needs connecting the right dots.,with djinie we can to do that.

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES