ALGO

Building IOT-based smart shopping trolley enabling the grocery shoppers to have smarter shopping experience and faster checkout

Business Model:

Revenue: $0

Employees: 1-10

Rankings

Detailed ALGO Information

Geographic Data

ALGO headquarters map

Address:

City: Dubai

State: Dubai

Zip:

Country: United Arab Emirates

Financial Info

Stage:

seed

Raised Last:

$0

Raised Total:

$0

Metrics

0Website Global Rank

0Website Monthly Traffic

Twitter Followers

Description

ALGO is hardware company that focuses on building IOT devices for grocery in-store shopping. 85% of the shoppers are not satisfied about the checkout experience within the grocery hypermarkets. This triggers a need to create a new mechanism that enables shoppers to grasp their items and get their payments sorted out without passing by the cashier queues. By having smart shopping baskets and trolleys, the shoppers will be able to use them to identify their shopping items and get the payments done automatically without the need to go through the cashier queues. Our solution carries the following benefits for grocery stores: • Saving up to $80,000 USD per eliminated cashier lane per year • Having a new revenue stream leveraging the revenue sharing mode with us • Having happy customers Shopper, on the other hand, will enjoy the following benefits: • No queues • In-store shopping assistance • Personalized offerings and discounts

Contact Phone:

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
5/2018 Seed Round 1 - Brinc
Brinc
5/2018 Seed Round 1 - Brinc
Brinc
Announced Date Name Price

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