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INTERNET | eCommerce / eCommerce enablement
gullynetwork.com

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Founded Year

2019

Stage

Incubator/Accelerator | Alive

Total Raised

$1.93M

Last Raised

$30K | 8 mos ago

About Gully Network Retail

Gully Network Retail helps offline retailers cope with the purchase behavior of Indian consumers. Its tech-enabled platform takes care of the entire value chain (Sales, Margins, Automatic Inventory Replenishment, Finance and Merchandising) for the retailers and generates additional income other than their primary business.

Gully Network Retail Headquarter Location

Bengaluru, 560057,

India

Latest Gully Network Retail News

How retail tech startup Gully Network aims to be a smart retail destination for consumers

Jul 25, 2021

{{monthName}} {{day}}, {{year}} In a recent conversation with YourStory’s Daily Dispatch, Ajay Nain, Founder and CEO, Gully Network Retail Pvt Ltd, shared key insights on how the company is building a tech-enabled chain of mid-size grocery stores and discusses future plans. 1 CLAP 0 Gully Network Retail Pvt Limited, founded in 2019, is a retail-tech startup focussed on helping mid-sized stores in their day-to-day operations. In the last six months, the Bengaluru-headquartered startup claims to have seen a growth of 5x-6x, and its conversion rate has significantly improved from 10 percent to 50 percent in the past year, says Ajay Nain, Founder and CEO, Gully Network Retail Pvt Ltd. “Transformation is largely about the automation,” he says. The startup not just improved the physical appearance of the stores, but also helped its customers transform in terms of buying, selling, and other operations. Get connected to Gully Network At present, the Gully Network has around 55 stores in four cities. It started with Bengaluru, and then expanded to three more cities. “Today, we have our footprint in Bengaluru, Hyderabad and two Tier II cities - Bijapur and Bikaner,” says Ajay. Online presence Every store wants to be online and digitally connect with its customers. This is where the topic of “omnichannel presence” comes into the picture. Ajay shares the startup is essentially building an asset-light modern retail chain of mid-size grocery stores. It is not just having an omnichannel presence, but it is more about automating operations end-to-end. Get connected to Gully Network Ajay mentions that the company is planning to raise $5 million in series A round in the near future. The startup plans to primarily utilize the funds to improve technology, expand its presence, and for marketing and branding. According to him, grocery will be the primary focus of the startup. However, it aims to make its stores a smart retail destination for the people. It also plans to include a few add-on services such as digital merchandising and exploring synergies with other B2B players in the near future. Ajay says the company is about to touch $5 million in GMV soon, and wants to go 10x-15x in the next one year. Its unit economics is already positive and it wants to further increase its purchase margin by three percent. The startup has partnered with all major FMCG companies like ITC, Cadbury, Coca Cola, Pepsi, etc. They are being treated as a modern retail chain and not as a B2B distribution channel. “We act as a medium for these FMCG companies to reach out to their tertiary consumers,” says Ajay. Get connected to Gully Network Edited by Megha Reddy Sign up to follow stories that matter Login with Google Login with Facebook By signing up for yourstory you agree to the Terms of Service and Privacy Policy of the platform

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Expert Collections containing Gully Network Retail

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Gully Network Retail is included in 1 Expert Collection, including In-Store Retail Tech.

I

In-Store Retail Tech

1,304 items

Startups aiming to work with retailers to improve brick-and-mortar retail operations.

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