01. Market Drivers
Increasing number of shopping mall in developing countries mounting need for better customer services & shopping experience
About Avinya Industries
Our Smart Shopping Cart
Embracing the surge in demand for traditional retail experiences, we've devised an innovative solution to revolutionize shopping convenience.
Introducing RFID technology, seamlessly integrated into our shopping carts and product inventory. With RFID tags on every item, our carts automatically register purchases, displaying them on a user-friendly LCD screen and mobile app.
Customers can effortlessly manage their selections, deleting or adding items with a simple scan.
At checkout, a streamlined payment gateway ensures swift transactions.
This eliminates the need for lengthy queues, providing an efficient and error-free shopping experience.
Furthermore, our tailored software optimizes inventory control, offering invaluable insights into buying patterns and stock management.
Say goodbye to queues and hello to hassle-free shopping!"
You.
To enhance the shopping experience by implementing RFID technology in shopping carts, enabling instant product recognition, streamlined checkout processes, and a more efficient shopping environment.
We envision a future where our RFID-enabled smart shopping carts become the standard in retail, providing customers with a quick, effortless, and interactive shopping experience while optimizing store operations and inventory management.
About Avinya
We Convert your Idea into a reality
Avinya is a startup founded by Yamini Kanneganti, a technopreneur who has a passion for creating tech for the future.
It was conceptualized in 2023 August and was incubated in ALEAP WE HUB during September 2023. From then on, it has grown leaps and bounds and has the credibility of achieving MEITY startup grant of Rs 4 Lacs under TIDE 2.0 scheme. With her commitment, the founder achieved her dreams of creating a prototype in the electronics sector.
Yamini Kanneganti/CEO
About Avinya
BLOCK DIAGRAM OF FRAMEWORK
02. Market Trend
Emerging new technologies creates new revenues for retailers
03. Product market size & Growth rate
Shopping cart market was valued at USD 77.92 million in 2020 and is projected to reach USD 90.15 million by 2028, growing at a CAGR of 1.9% from 2021 to 2028
Business in India
The above tech, from a broader perspective, is useful for all shopping malls such as MAX, Westside, Zudio, etc., and obviously DMart.
Therefore, the market size is considerably high. On a lighter note, we may have to confine the market size to just
crowded areas like DMart, Walmart, and large stores like IKEA.
However, implementing this smart cart technology in supermarkets might pose some challenges. Nonetheless, with the
emerging technology, I find it to be a nice idea, especially since it has shown success in Decathlon stores in India
and Amazon's smart shops. The idea is good but it has numerous hurdles to overcome.
Market Trend
Value Proposition
Market
Trends show that more and more people are preferring traditional shopping as opposed to online shopping.
Benefits
- To create a seamless shopping experience for customers while streamlining store operations and tracking customer analytics.
- Beneficial to the store as it reduces the number of cashiers and minimizes errors in transactions.
Differentiation
Continues to expand with additional services and innovations with the progress of time. Enhanced security which focusses on privacy, data protection, and secure transactions. The smart cart is currently in the prototype stage, with 4 months completion goal and subsequent market trials.
Value
This innovation boosts sales and revenue by attracting more customers and fostering their loyalty. This market is expected to grow to $57.2 billion by 2026.
Offerings
Developed a prototype in the electronics sector, showcasing the potential of technology while providing enhanced customer experience.
Proof
We develop Industry-Specific Solutions and tailored innovations for retail, manufacturing, and more.
Gallery
Images of our prototype in R&D Phase
F.A.Q'S
Frequently asked questions
Embracing the surge in demand for traditional retail experiences, we've devised an innovative solution to revolutionize shopping convenience.
What can you do with RFID Tags?
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- It can store more information compared to barcodes
- Easy to code
- Have a read range of 5 metres
- It is a non line of sight technology
- It is difficult to Decrypt
- Can be read as well as written
Have any query ?
Let’s Talk
Whether you need a full product, consultation, Looking to invest or became a part of our team
ADDRESS
AVINYA INDUSTRIES, Flat no 202, Shivani Plaza,
Hno:8-2-293/82/NG, Plot 40, Nandagiri Hills,
Jubilee Hills, Hyderabad 500033.
REACH US
+91 70931 96051
yamini@avinyaindustries.com
info@avinyaindustries.com