Retail software solutions provider Yango Tech enters India
With this expansion, the company will offer retail technology solutions to retailers and ecommerce companies.
UAE-based tech company has announced its entry into the Indian market.
With this expansion, the company will offer retail technology solutions to retailers and ecommerce companies. It aims to improve the efficiency and competitiveness of Indian grocery retailers by offering technology solutions that enable timely and full delivery of goods.
“India boasts one of the world's most rapidly growing grocery markets, expanding by 8% annually. Although e-grocery penetration might not hold a substantial share of India's market at present, the market's potential is significant when considering the prevailing global shift towards digital shopping experiences," Max Avtukhov, CEO of Yango Tech, said in a press release.
Yango Deli provides technology and expertise to retailers. Its services include solutions for analytics, commerce, client experience, delivery, and fulfilment. It also provides proprietary technologies such as warehouse management systems, technologies for assigning orders to couriers, assortment management (ERP), stock tracking and product replenishment, smart routing solutions, and applications for customers, pickers, and couriers.
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The tech stack provides a comprehensive solution for traditional retailers to transition to online trade or enhance their operational efficiency. The company's solutions currently power 500 dark stores globally.
The platform also offers live business intelligence dashboards to pivot and make informed business decisions. According to the company’s estimations, by opting for this solution, users, in general, can reduce error rates by 15%, and their cancellation rates by 35%.
With the help of this stack, retailers, quick commerce companies, and marketplaces can deliver goods on time, and increase their profitability and overall efficiency, said the note. For traditional businesses, this is an opportunity to shift their current business model from offline to online and avoid the costs of maintaining non-core functions, the note added.
The retail tech firm has a presence in the MENA region, partnering with clients including PtteM, an ecommerce subsidiary of Turkey's national post operator, and Nana, a leading e-grocer in Saudi Arabia.
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Edited by Affirunisa Kankudti