Our Customers Latest news! Cloud Ecosystem: Global & India - - PowerPoint PPT Presentation
Our Customers Latest news! Cloud Ecosystem: Global & India - - PowerPoint PPT Presentation
NowFloats Product Market Opportunity Our Traction Our Technology Our Customers Latest news! Cloud Ecosystem: Global & India April 2019 founders. Ronak Kumar Neeraj Nitin Jasminder Samantray Sabharwal Jain Singh
- NowFloats Product
- Market Opportunity
- Our Traction
- Our Technology
- Our Customers
Latest news!
Cloud Ecosystem: Global & India April 2019
Jasminder Singh Gulati
Chief Executive Officer
- 18 years leadership in
the global technology industry
- TCS, Microsoft,
Computer Associates
Ronak Kumar Samantray
Chief Technology Officer
- Developer,
Microsoft
- Forbes ’30 Under
30’, INK Fellow, Alibaba Fellow
- NTT Data, Microsoft,
GE
- NSIT, ISB
Neeraj Sabharwal Chief Experience Officer
- 16 years of advertising &
consumer marketing
- Creative Director,
Saatchi & Saatchi & Havas
Nitin Jain Chief Business Officer
founders.
it’s too technical.
It’s tough for small businesses to go digital.
how to integrate social media? what content to write? what's the value?
Of 63 million (6.3 Cr) SMBs in India, a huge 68% are completely offline… And only 2% actively selling or promoting the business
- nline.
And it’s a big problem to solve.
340M 500M
smartphone owners internet users
While most of the Indian consumers have gone online…
58% 54% 53% 37% 31%
consumers research online before buying offline
visited a retailer’s website or app used a search engine visited a store or other location visited a non-retailer website or app used an online map
2X
Revenue growth trajectory compared to offline counterparts
and even SMBs who prospect into digital, find gold…
26%
% increase in number of
- rders compared to 10% increase
for offline SMBs
19%
Profit growth compared to 10% for offline SMBs
4X
More likely to see above average business growth rate More likely to grow local boundaries to national and international markets
business implications for active online SMBs
NowFloats helps SMBs setup, manage and grow their business
- nline.
So what does NowFloats do?
a responsive, dynamic solution (website + business specific features) across form factors higher discovery of business updates/products across search & social media an online presence and business management app & web portal
complete online business management suite.
hosted on the world’s first full-stack serverless platform, owned & built by NowFloats
with category specific offerings.
more coming soon…
Appointment engine Team bio Specialisations page Up coming batches Faculty Bio Toppers Page Book engine Channel manager Places nearby Projects Brochure downloads Get a quote Online menu Book a table Online orders Appointment engine Appointment management Treatment menu
instant activation by category simplified content creation, management
discovery across multiple online channels
simplified interactions with customers track and manage ROI transparently remain up-to- date and informed proactively through RIA
problems that NowFloats solves for Indian SMBs.
5
create website
instant online presence
fill out business details select the web address ta-daaa! your digital identity is live!
4 1 2 3
simplifying content creation
simplifying content creation
single point update discovery on
Boost Business Website Facebook Page Facebook Shop Twitter profile Google My Business
updated on
simplifying organic discovery
CONVERTING UNSTRUCTURED CONTENT INTO MEANINGFUL CONTENT-GRAPH TO DRIVE DISCOVERY AI based Content Parser update details pages search result pages basic info + new content Unstructured Content basic business info
OUTPUT:
driving discovery across multiple platforms
boost keyboard simplifying customer interaction
Tap to paste directly into email or messaging platforms (compatible across all apps on iOS and Android.) Click to activate product list
- r updates
simplifying online ROI
(Mobile view) (Desktop view)
educating the SMBs
BOOST RIA (web-consultant BOT)
SMB
RIA educates SMBs about new features and drives engagement through an AI driven process
RIA is a personalised consultant bot, who guides and helps SMBs with the product A dedicated (human) account manager to train the merchant and resolve any queries related to the product. Periodic alerts by RIA ensure prompt action by the SMBs to improve ROI received from Boost
Merchants create content
60%
paid customers (to date)
1,200
new customers added per month
Customers
45,000
₹ 40,000
ARPU upfront total updates created per year Largest In India
3M
Digital Consumers & Social Media
visits per month
15M
time spent on NF websites per month
200K hrs
India’s local search traffic
5%
calls & enquiries per year
600K
product SKUs
455K
75,000
product SKUs to FB shops
NowFloats metrics: In the last 6 years…
NowFloats enabled SMBs attract over 5% of India’s local search traffic
- rganically
!
455,000
product SKUs on the platform
270,000
new updates created by SMBs on their own per month
60%
- f SMBs create content every month
~6,000 customers
subscribed to Facebook shops
~74,000 products
added to Facebook shops
25
impressions per website per month
the RIA effect
highly engaged customers!
Creates a holistic online-presence* within 5 minutes, using a conversational chat bot AI driven engagement engine that ensures SMBs generate relevant business content AI based SEO which attracts online customers
- rganically from search engines, social
channels and other platforms
* Multi-Channel Network Identity
just to summarize
Drives business to merchants – orders, enquiries, calls, appointments etc.
value-add solutions for customers
Opens up multiple opportunities to cross-sell
WildFire (Google/FB ads) Chatbot (ANA) BizApp (App Development) Dictate (Content Update) Accounting/ERP /CRM modules Theme Upgrade Fintech Inventory Management IVR
NowFloats 40 cities 88 offices 550 FOS NowFloats Customers Total: 150,000+ (LTD) Paid: 36,000+ (LTD) Monthly activations: 1,000 customers
the distribution engine
Strong distribution network Pan-India distribution network built within 3 years of inception. 55% of revenues generated from tier-2 cities and towns of India.
NowFloats’ distribution engine
Powered with technology! Robust CRM and ERP have been deployed on the cloud Rocket Singh - Mobile based app for salesforce tracking, order logging and customer demos. The entire sales-force is managed by a 5-member ops team in HQ thanks to tech automation. Everyone has their name.digital site
- Efficient. Optimised. Sold!
Focus on driving FOS productivity at branch level Segregation of new and existing customer business clearly defining targets to be chased The existing customer account managers are renewing and accelerating cross-sell and up-sell of add-on products or services.
By the numbers.
visits
15 4 8 12 16 20 6 2 4 6 8 43
- 10
20 30 40 50 Note: Dip in Aug and Sep-18 due to server migration.
mn ‘000s ‘000s
impressions calls
Average visits per customer: 540 Average impressions per URL: 25 Average calls received per merchant: 9
2 4 6 8 10 12 14 16 Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q2-FY18 Q3-FY18 Q4-FY18 Q1-FY19 Q2-FY19
Existing Renewals New 2.7 3.6 4.6 5.7 7.0 8.4 9.8 11.5 12.7 14.7
Customers
(count)
‘000s
healthy business evolution
Multi-Year contracts are 15% of all collections Verticals contribute 20% of all collections Add-ons include inorganic marketing (Google Adwords, FB Ads), Chabot (ANA), category themes and functionalities, SMS & e-mail marketing, IVR, etc. improve stickiness while consistently increasing the LTV
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q2-FY18 Q3-FY18 Q4-FY18 Q1-FY19 Q2-FY19
Boost New (1 year) Boost New (Multi-year) Boost Renew ( 1 year) Boost Renew ( Multi-year) Verticals Add-ons
Almost a quarter of the collections is from new products & up-selling
the future
- Growth of existing business
- Incubation of business community
- Significant international presence
- Indian SMB cloud
- Kitsune
$100M
revenue
~200K
subscription paying SMBs
In 3 years…
- nline-business driver
for SMBs in India
Today: Boost drives commerce between SMBs & consumers Future: Simplifying commerce amongst SMBs across multiple categories
building India’s largest business community
Merchant Consumers Merchants (Tomorrow) (Today)
international presence
expansion into select developed and developing economies
- India
- USA
Present
- England
- Singapore
- Malaysia
- Philippines
Planned launch (near term)
Structured Data Unstructured Data
NowFloats’ Indian SMB Cloud
X X Transactional Data NowFloats will know SMB’s online business behavior better than anyone.
how active is the business online? which is the best selling product? in the category? in the geography? what is the differentiator for an SMB in a city? which product has higher visibility with customers? what updates get better responses? at what time?
- n which day of the week?
what is the ideal response time for a category? what is the expected ROI for a category?
qualitative goal
NowFloats’ Indian SMB Cloud
Become the standard in authenticating a business’ online identity.
quantitative goal
NowFloats’ Indian SMB Cloud
SMB third party applications/platforms third party customers
- rganic customers
RIA BOOST ROI AI-based qualitative & quantitative output
kitsune is the world’s first programming language that helps build end-to-end serverless applications in HTML.
higher performance
serverless applications will always be faster and “100% on” than server- based apps.
lower costs, higher savings
- nly pay for what you use
ease to code
build serverless applications in HTML, CSS, JS
cloud agnostic
- utput of the code is automatically
adapted for all major cloud platforms
Select enterprise customers:
impact
active websites published
160,977
average response time
0.02 secs
Winners Incubated at Disruptive! Best APP
investors. recognition.
Global SaaS Company
thank you.
- Boost 360: category snapshots
- Competitive landscape
- Distribution in India
- Customer testimonials
appendix.
- Appointment Engine
- Appointments Management
- Team Bio & Specialties
CATEGORY SPECIFIC FEATURES
- Up-coming Courses/Batches
- Faculty & Specialty
- Toppers List
CATEGORY SPECIFIC FEATURES
- Booking Engine
- Places Nearby
- Offers & Updates
- Channel Manager
CATEGORY SPECIFIC FEATURES
- Project Descriptions
- Brochure Downloads
- Team Descriptors
- Get a Quote
CATEGORY SPECIFIC FEATURES
- Reservation Engine
- Food & Beverage Menu
- Online Ordering
CATEGORY SPECIFIC FEATURES
CATEGORY SPECIFIC FEATURES
- Appointment Engine
- Appointments Management
- Treatments and Services
ROI today & going forward.
Business via website as a marketing and promotional tool – Orders, calls, enquiries, map-views, etc. Transactions on the website itself: room bookings, appointments, etc.
c
Add-on solutions for:
- Industry/Category
specific
- Customer
engagement
- Digital marketing
Marketplaces, like Amazon, Flipkart, Vertical Marketplaces- to drive down their B2B CAC NowFloats’ own category based consumer portals (potential acquisitions)
c f c
ROI delivered currently ROI in the near future
c f f
Wellness & Fashion Verticals Export Logistics Content Management System Hospitality Hyper-Verticals POS & Working Capital iOS & Android Education Hyper-Verticals Third-Party Appointment Widgets Adding more hosting providers Healthcare Hyper-Verticals Reviews Integrations More DIY based interface Manufacturing Hyper-verticals Marketplace connectors Exploring Blockchain as a hosting option Real Estate Vertical
Q4 FY18-19 Q2 FY19-20 Q4 FY19-20 Q3 FY18-19 Q1 FY19-20 Q3 FY19-20
Etc.
product roadmap.
Aspects of NowFloats Business
NowFloats Just Dial Sulekha Quikr Weebly Squarespace GMB Wordpress
1
Technical Ease (Kitsune Platform)
1.1 Auto Optimize any website for speed 1.2 Build a fully dynamic website without writing a single line of backend code 1.3 Access to chat-bot, ML, commerce, auto-discovery using just HTML
2
Help SMBs Manage Online Identity
2.1
Educating the merchant - how to best run the business online
2.2
Business Website - Encouraging updating/engaging regularly 2.2.1 Ease of User Interaction 2.2.2 Content Management 2.2.3 Auto Content Optimization for Discovery 2.2.4 Auto website optimization for speed 2.2.5 Auto website optimization for cross-platform 2.2.6 Integration with : Delivery, Payment Gateway, Merchant Apps, Advertising
3
Help SMBs Manage Business Online
3.1 Acquiring Online Customers 3.2 Managing Online Customers 3.3 Propagate Content to Other Consumer Channels 3.4 Simplify Catalog Management 3.5 Simplify Mobile Commerce
who does what all.
distribution is king in India!
how do you capture Indian SMBs if ~70% are completely offline?
most SMBs are price sensitive
selling to them is a consultative exercise which requires building personal trust
most SMBs need to be educated
- n benefits of going online as well
as training them on a solution. It usually requires people who speak their local language
salesforce cost for customer acquisition in India is not high
similar to using online marketing in developed markets
1. 2. 3.
(a similar strategy adopted by our peers.)
4,000+ FOS | 4,000+ Sales team 1,500 FOS | 1,400 Sales team
strategy in India
In June 2017, Amazon India reached a milestone
- f 200K sellers, a 4X increase in 18 months
Dec '15 Sep '16 Jun '17
45K 120K 200K
Amazon seller count
The company credited the growth to its ‘unique India-first innovations.’ These include:
- Feet on street: To assist sellers who wanted to get
- nline but didn’t have knowhow
- Self-service registration
- Chai Cart: To educate SMEs on online selling
- pportunity. Amazon execs travelled ~15,000 kms,
engaging ~10,000 SMEs
- Tatkal: To help SMEs sell on Amazon in less than an
- hour. Amazon execs travelled across 120 cities and
towns in India
NowFloats’ customer testimonials
Shrishti Khurana
Unlimited Food Factory Delhi
"With NowFloats Boost I can update with ease and convenience and be discovered
- n multiple online platforms."
- R. K. Bhatia
GST Consultants Delhi
"We were only known locally in Delhi, but ever since we got a NowFloats Boost website, I get calls from Punjab, and now NRIs living abroad contact me too."
Tushar Mehta
Tubefit Industries Mumbai
”Instead of hiring a person for sales and paying him a salary
- f twenty thousand rupees per
month, I spend a comparable amount on online advertising."
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