A technology start-up, Ucaaz, has kick-started its journey towards re-attracting buyers to retail grocery outlets in the neighbourhood from distant supermarkets, as it aims to improve customer experience through deploying artificial intelligence (AI) in retail stores throughout Pakistan. Lack of investment did not allow them to maintain stock of products and variety of each product. The startup charges a franchise fee on an average of Rs1.5 million from retail partners and supplies goods worth as much as required. Read more: SBP mulls relaxing rules for start-ups“Initially, we supply goods worth Rs3 million to Rs4 million at each store,” he said. The startup has Pakistani investment partners living in the US, and UAE.

Source: The Express Tribune April 11, 2021 04:31 UTC