5 innovative start-up ideas that can disrupt the retail sector

BANGALORE, INDIA: Five start-ups, Find Me A Shoe, TimeFlex, BugClipper, Discover Dollar and House of Blue Beans showcased their ideas in the Demo Day hosted by Target India on Thursday in Bangalore.

Target has already worked with 15 start-ups over three batches. Many of the startups, who have graduated from this program, have continued to work with Target beyond the program.

The third batch focused on themes like Merchandising, Digital Marketing, Omni-channel, Mobile, Supply Chain and Analytics Technology, along with areas like Finance and DevOps that are core to retail technology.

The five startups which presented at today’s Demo Day are:

Find Me A Shoe

Idea: Helps find the right footwear through virtual shopping.

Outcome: Developed a frictionless workflow and product to match US demographics.

TimeFlex

Idea: Provides cloud-based monitoring for micro environments.

Outcome: The product has evolved to be an energy efficient sensor for key parameters in retail stores.

BugClipper

Idea: Reports bugs and shares feedback through screenshots and screen recordings.

Outcome: Developed a web-based testing product and is pivoting to an enterprise solution.

House of Blue Beans

Idea: Provides best-in class 3D product visualizations.

Outcome: Built a tool that enables computer generated images (in less than 30 minutes) as an alternate to photography.

Discover Dollar

Idea: Revolutionary technology that stops leakages and overpayments.

Outcome: Detects and resolves overpayments and revenue leakages like pricing errors, unclaimed allowances and rebates by analyzing various data sources.

“This initiative has provided us a unique opportunity to work with some of the best entrepreneurs, who have the potential to solve global retail problems,” said Navneet Kapoor, president and managing director, Target India. “We are committed to growing the scope of this initiative and will continue to nurture path-breaking ideas that hold the potential to disrupt the retail industry.”

Target is now accepting applications for the fourth batch of the Accelerator Program at: www.f6s.com/targetacceleratorprogram. Scheduled to commence early next year, the four-month initiative will be run out of a specially designed, energetic and creative hub at Target India’s office in Manyata Tech Park, Bangalore.