Perpule, an omni-channel retail-tech company and self-checkout enabler, has launched its next-gen Point of Sale (POS) billing solution called UltraPOS. This SaaS-based platform and form factor independent POS billing system that can enable anytime, anywhere billing.
UltraPOS can enable offline stores to reduce billing counter size by up to 40% and help increase sales and revenue through an AI/data-driven approach to dynamic offers, cross-sell and upsell. It is currently being used by retail brands including Vishal Mega Mart, Big Bazaar and Foodhall.
Talking about this product, Abhinav Pathak, CEO and Co-Founder of Perpule said, “We have been collaborating with large retailers in India to understand their challenges and aspirations and have built it a single platform that they can trust and customize. We have already onboarded over seven retail brands in India and are particularly focusing on capturing retailers across tier-I, II and III markets in 2019.”
With Perpule UltraPOS, retailers can update product prices, stocks, offers, etc. consistently across platforms. The cloud-based solution seamlessly operates in online as well as offline modes which is perfect for India where connectivity is still a challenge. It also gives omnichannel players a platform to manage order and inventory for both e-commerce as well in-store sales from the store itself.
Complimenting Perpule’s efforts, Kumar Rajagopalan, CEO, Retailers Association of India said, “Perpule’s UltraPOS is a commendable effort to help retailers modernise and digitise their retail POS systems. It is a boon for creating digital billing records for customers and also helps save precious retail space. Identifying customers and helping them buy can be a long term advantage with this system. I wish the team success to help retail in India modernise.”
A major challenge for retailers is the lack of display area and suboptimal customer flow. UltraPOS tackles this by reducing the size of billing counters, allowing for more space to showcase merchandise and increase footfall. Due to the mobile nature of the device, users can save significantly on IT capex, opex and manpower costs. Retailers will be able to get more than 50% reduction in POS technology spend (eg. store server, computer, printer, scanner, EDC/payment, networking, etc) and 95% reduction in paper saved from digital receipts. Perpule also provides value-added services for retailers to increase revenue such as bill payments, recharges and ticket bookings.
JP Shukla, Co-founder and CEO of 1-India Family Mart noted that when it comes to POS solution services there are loads of commentators that talk a good game, but UltraPOS helps make it happen. “They have enabled me, and given me the confidence to share Perpule’s story and impact widely. It’s engaging customers and industry commentators alike, and bringing our business great results. The UltraPOS provides me with the business agility to rapidly launch stores in tier-2 and tier-3 cities. In addition to billing, the platform helps execute sales strategies, provides insights for real-time decision making, and makes demand forecasting smarter. This integrated platform is expected to drive substantial cost and space savings. The UltraPOS technology is a way to future proof stores.”
Perpule, a retail-tech startup, was founded in October 2016 by Abhinav Pathak, Saketh BSV and Yogesh Ghaturle. In 2018, it raised $4.7 million in Series A from Prime Venture Partners, Kalaari Capital and Venture Highway. The company had previously raised a seed round of $650K from Kstart, the seed fund of the Kalaari Capital, Venture Highway and Raghunandan G in 2017.