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Backed by Microsoft & NASSCOM, Fydo is a Retail Tech startup that elevates traditional retail in India with a digital platform, amplifying discoverability for small businesses and introducing targeted loyalty programs for customer retention.
Basic Information
Backed by Microsoft & NASSCOM, Fydo is a retail tech platform solving two most prevalent challenges in India's traditional retail sector. Traditional shops struggle to attract new customers due to limited exposure in a competitive market. Fydo addresses this by facilitating seamless communication between local shops and potential customers, allowing them to share exclusive deals and offers, thus enhancing customer discovery. Additionally, retaining customers poses a significant challenge for traditional retail businesses, hindering the development of a loyal customer base. To overcome this, Fydo introduces a customised loyalty program, strategically designed to transform one-time buyers into their repeat customers, ensuring sustained engagement and business growth.
Legal Name
:
Lfyd Services Pvt. Ltd.
Headquarters
:
Bhubaneswar, Odisha, India
Business Model
:
B2B  
Founding Date
:
29th Oct 2020
No. of Employees
:
11 to 20
Core Team
:
1.  
SATYAJEET PATNAYAK
Co-founder & CEO
2.  
Dharam Chand Patnaik
Co-Founder & CFO