Fydo is on a mission to create a brand out of underrated local stores and small businesses which are popular among locals. With the power of their significant hyperlocal customer base, these businesses are getting a much-needed boost with Fydo.
Satyajeet Patnayak the founder and co-founders, Dharam Chand Patnaik & Sinchan Mishra says “Brands have money, small businesses have Fydo!“
All such local firms are involved in selling their products but have no investment, resources or platforms in marketing. Fydo here comes to the rescue, to popularise their sales and discounts with no spluge on advertising. It serves businesses with tailor-made marketing tools to expand their customer base while also providing a dependable and efficient last-mile service.
The platform serves clients and business partners by addressing their diverse demands. They give customers the latest details on all the available specials, discounts, and offers in their area. Customers can use this unique platform to identify the nearest new or local businesses that are offering fantastic discounts on Fydo. Not just this, it also gives thousands of small and medium-sized enterprises a medium to sell their products locally.
Fydo supports businesses to maintain their expertise, with full support and specialized training. Fydo is best for newbies in the business field, to level up their company’s revenue. Customers get the tool for purchasing products at the lowest possible cost by opening just one app. No more hopping between apps to hunt the lowest price. They can take advantage of offers relevant to them, the explore area, curated notifications, event spaces, etc., in addition to discovering the offers and deals in various stores.
A product that has been trending all around the country recently was their Events Booking Platform with Bylines of Insider/BookMyShow. It landed them an exclusive contract for 4 significant events in Bangalore, Hyderabad, Sambalpur, and Bhubaneswar, each filled with 5000+ participants within just a few weeks of its launch! This has opened another avenue for local cafes partnered with Fydo to scout events and easily manage the bookings to establish themselves as a go-to hang-out place.
Fydo is a hyperlocal ad-tech startup backed up by Microsoft and NASSCOM. It is backed up with over 1 lakh Customer downloads, 10,500+ merchants, and 50+ PAN India brands. Fydo is among the top 10% of startups pitched at YCombinator. Customer satisfaction with redeeming offers and feedback has made them popular among the masses. With a rating of 4.8 on the Google Play store, they show quality with work. Their score goes to 50,000 offers that have been redeemed and with its 100% MoM growth, it’s lending a hand to merchants scaling up their business in the hyperlocal marketplace.
Fydo has raised its last Pre-seed round of $100k and reached its milestone of 1lakh customer base successfully proving its product-market fit so currently. Fydo is in the process of raising its seed round to reach a 1 Million customer base across 10 cities in India.
Last Updated on: Tuesday, March 14, 2023 9:13 am by | Published by: News Centre24 Team on March 14, 2023 9:13 am | News Categories: BRAND POST
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