VenueX offers an omnichannel platform that helps brick-and-mortars engage with online shoppers by bringing their data across multiple online channels
Current Status
Big real estate companies: Multi, Rönesans, Klepierre, Emaar and 40 more Retailers: Vitruta, Monemel, DeFacto
50+ successfully delivered projects with paying customers
Market
Brick-and-mortars and Commercial Real-Estates
Problem or Opportunity
In-store product availability is MOST of the TIME invisible online. That causes brick-and-mortars to lose their customers to e-commerce.
However, shoppers are still interested in experiencing a human interaction as; - 90% of shoppers search online prior to going in-store - 68& would like to confirm inventory online before visiting - “available near me“ searches have grown 100% last year - “Can I/to buy" + “near me” mobile searches have grown over 6X in the last two years
Solution (product or service)
VenueX offers an omnichannel platform that helps brick-and-mortars engage with online shoppers by bringing their data across multiple online channels
Competitors
Mappedin, Locuslabs, Pointy, NearST
Advantages or differentiators
VenueX offers an all-in-one solution to commercial properties and retailers for reshaping brick-and-mortar when our competitors focus on a single problem
Finance
Revenue; Monthly subscription fee Costs; 1- Salaries 2- Admin Costs 3- Hosting and development tool subscriptions 4 - Digital Marketing 5- Conferences & Seminars & Exhibitions
Business model
PaaS - B2B
Resellers, platform partners, landlords to retailers
Our Team is a passionate IVY league experts in prop-tech, retail-tech and growth. We’re on a mission to digitalize brick-and-mortar retailers and landlords in a world where online shopping grows every day.
New covid lockdowns may force businesses to keep their stores shut down.
Incubation/Acceleration programs accomplishment
- (2020-2021) Participated in ITU Innogate and completed it successfully. https://innogate.org/en/homepage/
- (First week of June 2021) Participated in Manassah to deploy solutions in Yas Mall, the largest mall in Abu Dhabi in partnership with Aldar Properties. https://www.aldar.com/en/Aldar/innovation-landing/Manassah2
Won the competition and other awards
VenueX has been shortlisted for potential pilots with Aldar Properties.