● Collect rewards (Shots) for simply walking into partner stores
● Personalized and customized contextual in-store offers
● US $1 million raised in Seed Round funding
● AND, Adidas, Allen Solly, Pepe Jeans, Peter England, Raymond and Van Heusen are retail partners
● Uber will offer special ride offers for users
New Delhi, India - November 29, 2016: ShopsUp, a location-based shopping app, today announced its availability for shoppers to discover and shop at local as well as retail stores by and making it more personalized and rewarding in an era of burgeoning online shopping especially amongst millennials. The app offers exciting features for consumers to discover exciting boutique stores around their neighborhood as well as stores at popular malls and shopping streets including brands such as Van Heusen, AND, Adidas, Pepe Jeans, Raymond, Allen Solly and more.
“Indian millennials want to be rewarded for their window shopping as well as actual shopping behavior and marketers want to capture these moments as and when they happen. ShopsUp’s innovative technology and use of analytics allows us to partner with top brands and local boutiques and provide them with customized solutions that dramatically differ from existing options available for retailers,” said Suhas Gopinath, Co-founder and CEO at ShopsUp. “We believe that the right offers delivered in the right context and right place can drive business for both organized as well as local retail establishments, and we are investing in analytics to offer best of the breed solutions to our partners,” further added Gopinath.
According to IBEF, India’s retail market is pegged at USD 672 billion and growing at 25% Year-on-Year. PwC’s Total Retail Survey data further states that many consumers still desire a physical interaction with a product and the preference for a physical store as an element of both researching and purchasing, especially for categories such as Fashion, Furniture, Jewelry, etc. The report stated that about 40% of respondents use their smartphone in-store for product information. This integration of physical aspect of shopping combined with digital platform will be key inflection point for modern Indian retail sector that is poised to cross the US$ 1 Trillion mark by 2020. The Bangalore -based startup is funded by initial seed funding of US$1 Million and is in process of raising capital to build innovative company that bridges the gap between online and offline shopping. Anand Sankeshwar, Managing Director at VRL Logistics Ltd and Yang Shu, former Huawei Technologies President and CEO of Taojinjia have invested in ShopsUp and also mentor the team.
For Indian millennials shoppers, ShopsUp app is available for free download on Android bit.ly/Shopsup. iOS version will be rolled out in few weeks.
About ShopsUp (Boiler Plate)
ShopsUp is a shopping app that gives a unique shopping experience, helping users to discover the best stores in town for fashion, lifestyle, and other products, and rewards the user for their shopping. Through ShopsUp, users can get exclusive offers and discounts from their favorite brands and stores, and instant gratification through redemption of shots (points) that they collect through walk-ins and purchases in-stores. ShopsUp is like personal shopping companion recommending the user what, when and where to shop, helping them find the right products and store. ShopsUp Co-founder and CEO Suhas Gopinath was recognized as one of the youngest CEO’s for founding Globals Inc., at the age of 14 years in 2000