Ahmedabad’s Leading Retail Tech Startup Aims To Digitize Over 5 Lakh Retailers Across India

Ahmedabad’s Leading Retail Tech Startup Aims To Digitize Over 5 Lakh Retailers Across India

VasyERP one of the leading Cloud-Based ERP Companies aims to Digitize 5 Lakh+ Retailers across India till 2025.

VasyERP has launched its cost-effective Omnichannel & Counter less Retail Solutions to help small and medium-sized retailers compete with larger enterprises.

In Plans To Bring ML And AI-Driven Demand Forecasting and Inventory Planning.

The Indian retail market is one of the fastest growing in the world and is expected to reach USD 2 trillion by 2032, as per a recent report. It is estimated at USD 844 billion in 2022 with the unorganized retail market contributing around 87% of the share.

VasyERP Solutions has been working in the ERP industry for 6 years intending to bring tech-for-good solutions to the retail segment. They not only have reached a milestone of 12000+ customers during this time but also have collaborated with Reliance Industries Limited to accelerate the pace of bringing innovation to the industry while maintaining the most cost-effective pricing.

“I come from a business family where my father used to own a business of Agricultural goods and in my growing age, I have been through the journey of running a small business,” said Dharmendra Ahuja, Co-Founder and CEO. “As a result, I am aware of the pulse of running a store as well as the challenges that retailer faces in their daily operations.”

He went on to say, ” We understand how difficult it can be to run a successful retail business in India. Keeping track of inventory, managing transactions, and providing excellent customer service can all take a significant amount of time and effort. That is why we created an All-In-One POS solution that addresses multiple challenges rather than just one.”

They have recently launched a recent campaign Badhaye Business Ka Sense in Tata IPL 2023 which aims to bring awareness about All-in-one ERP that can help retail businesses choose an efficient option to manage their business.

VasyERP is a simple and efficient Retail ERP Solution that handles everything from eCommerce to ERP, Inventory, Cloud-POS, Omnichannel eCommerce, Self – Checkout, Smart Cart, m-POS, Customer Loyalty & Memberships, CRM, Offers & Discounts, GST Returns, Accounting and much more! This enables retailers to make informed business decisions, giving them a competitive advantage in today’s market.

“Our POS was created using the most up-to-date security protocols to ensure the safety of your business data and your customers’ information.” Our expert team is committed to providing excellent customer service and ensuring that you have a positive experience with our POS product.” Dharmendra Ahuja says.

There are approx 1.2 crore Kirana shops in India, but only 15000 are e-commerce enabled, accounting for 0.125%. VasyERP aims to bring efficiency to the retail sector by digitizing 5 lakh+ retailers across India till 2025 and offering cost-effective retail Solutions.

The evolution of the Indian economy in 2022-2023 according to Mandhir Singh Todd

The evolution of the Indian economy in 2022-2023 according to Mandhir Singh Todd

In an economic context that has been globally complex, where many countries have experienced record inflationary numbers, India not only manages to avoid the prolonged inflationary scenario, but also, according to studies, it is on its way to becoming the economy of fastest growing in the world, according to the Reserve Bank of India (RBI). Mandhir Singh Todd explains everything about the current economic situation in India and its projections for 2023.

India and a recovering economy, according to Mandhir Singh Todd

According Mikey Todd, although it is inevitable that the geopolitical tensions caused by the war in Ukraine will affect the Indian economy in the way they are doing worldwide. The country is also experiencing a context of reactivation of economic growth, to which is added the excellent planting season to increase the expectations that rural demand and urban spending will be able to equalize. Regarding inflation, which is the data generating concern throughout the planet, in India, it has come to exceed 7%. Regarding this data, the RBI has maintained that the worst is over. However, they argued that it is necessary to maintain moderation in the prices of raw materials over time, as well as a relief in the supply chain, in order to avoid a greater problem in inflation.

The role of oil

Mandhir Singh Todd explains that another of the interesting facts that the RBI has sustained is related to the high prices of crude oil, India being one of the main producing countries of this in the world. Considering its impact on the country’s current account deficit, it will widen to 2.3% in total in 2022 that provides the assumption that the oil price reaches $105 per barrel be met.

IMF projections for India and the world

Recently, explains Mandhir Singh Todd, the International Monetary Fund (IMF) has cut its economic growth forecast for India for fiscal year 23, by 0.6 percentage points, placing it at a maximum of 6.8%. This is in a context in which both the IMF and other international financial agencies ensure that the global economic crisis has not yet reached its worst moment.

In this sense, Mikey Todd says that the IMF had forecast a 7.4% GDP growth for India in July 2022 in the fiscal year beginning in April 2022. However, that projection was lower than that established in January 2022. The same year, which was 8.2%. In FY21-22, India achieved growth of 8.7%, especially related to the low base effect caused by the coronavirus pandemic lockdown in FY20-21.

Now, in the annual World Economic Outlook report, released in October, the IMF said the outlook for India in FY22 is 6.8%, reflecting a weaker-than-expected result in the second quarter, as well as lower external demand. These data given in a context in which global economic projections reflect considerable slowdowns for large economies. An example is a contraction of GDP in the United States during the first half of 2022, as well as a contraction of the Eurozone in the second half and the closures in China due to the prolonged outbreaks of Covid-19 that led to a crisis in the real estate sector in that country.