In our candid conversation with Jose and Jacob founders of Weavedln Technologies Pvt. Ltd., we have discovered a team of four entrepreneurs on their way to transform retail industry with their product – Weaver. They intend to redesign the way retail outlets work, by converting ‘point of sale’ with a smart cloud based device.
The Team: The founding team consists of JoseKuttan , Jacob, Dheepan and Jibin. Jose has done his MS in Telecommunications and Venture Practicum from University of Maryland, Washington. Thereafter he decided to come back to India to pursue his startup dream. He has worked in bunch of Bay Area Companies along with couple of startups and a VC firm as an associate while in the US. Jacob was in the founding team of the first Incubator in Kerala (southern state of India) by name Innovation Lab. He is a graduate from Govt. Model Engineering College, Cochin and has worked with EMC Corporation prior to WeavedIn.
Dheepan leads technology and backend at WeavedIn. He is a graduate from College of Engineering, Guindy in Tamil Nadu and has experience working with Apigee, Hashcube and other startups. While Jibin leads the mobile side of technology. A hard core techie brings experience working with companies like Infineon particularly in the embedded technology.
The Product: Put together their brains they have introduced ‘Weaver’, a new species of product in the retail segment that takes care of virtually everything about a retail store. It has three facet benefit system that solves pressing problems in sales, inventory management and customer experience of retail businesses. Weaver works on native android on the front end and has a powerful web based backend. The technology stack which powers our backend is LEMP (Linux, (E) Nginx, Mysql, Python). The product has a 2048 bit SSL encryption to protect customer’s data transfers.
Weaver handles store’s key sales problems via cloud based POS system along with its automated inventory management. It helps retail businesses to enhance their store management and in-store customer engagement experience. Their analytically driven dashboard ensures store owners/managers are updated with every single aspect of the store on real time basis on their move. It has in-built facility to generate bills for your sales either on paper or the smarter way through an email or a SMS. It helps in managing accounts, vouchers and other important sheets along with monthly tax data and Profit & Loss statements.
Weaver creates purchase orders, share them with vendors via SMS/Email, updates inventory once the items arrives, links them as components (or whole) to sales catalogue. All this components mapped to keep a watch on inventory status and get automatic alerts if inventory falls below a threshold.
In regards to customer engagement, Weaver helps store managers to stay connected with customers by capturing their details to be able to give them personalized experience. Weaver ensures data is always protected and derives maximum value out of it.
The USPs: Weaver has:
- Cloud based touch device that integrates multiple activities of a store to a single interface in its hardware plus software package.
- High level of automation in terms of inventory management that helps the store owners save money
- Simple user interface design that minimizes the learning curve for employees and promises higher level of customer engagement
- Scalable model in an affordable package, that gives absolute value of money with pay as you grow model
In this niche segment some of the players like Posiflex, Wincor Nixdorf, IBM catering to the upper segment of the pyramid and are present on an international level. While other players in the international market are Revel Systems, Square Register and Shoppify POS. Indian domestic market has players like Gofrugal, shawman, Lucid, Posist. Posist is a cloud based system that works from a browser and is a near competition in terms of the features.
In the next 12 months Weavedln is focused on sales networks and developing partnerships to enhance the product feature set. Weaver is designed to plug in the brick and mortar stores to the cloud. Productnation team would wish Weavedln team luck in their plans to build a set of features that would leverage the same and would add value to the stores.
Conversation led by Praveen Gupta, Rategain.