Udaipur 2nd
April, 2022.
The community group buying
platform Frendy announced its entry into Rajasthan with Udaipur as its first location.
The platform plans to hire over 2000 home entrepreneurs in Udaipur. "Frendy
Partners" who are also home entrepreneurs, run a digital grocery store for
their communities. They offer customers great discounts on groceries &
other daily necessities as they prefer to deal with their Frendy Partners
directly.
Mrs. Monika Panwar and Mr.
Bhupendra Panwar, Frendy's distributors in Udaipur, hosted a soft launch on 2nd
April at a local venue where over 100 prospective Frendy Partners were invited to
learn more about the Frendy Partner opportunity. In addition to
the Frendy DOST company representatives, Arti Chaubey and Vinu Nakum were
on hand to answer questions.
A Frendy Customer
can place an order on Frendy’s customer mobile App or they can also ask the Frendy
Partner to place an order on their behalf. All customer orders are delivered
via the Frendy Partner who hands over orders and collects payment from
customers. The best part is that in case of any issues faced the user simply
has to contact the Frendy Partner instead of having to deal with Customer Care
employees. This high touch model works for 95% of Indian customers who prefer
to transact with a known person and helps them overcome the trust gap that
ecommerce suffers from. Frendy says that they are not ecommerce but WEcommerce
where they leverage community to build trust. In addition, the Frendy’s app is available in
Hindi interface.
Frendy’s focus
on women has strong economic merit as women control 80% of discretionary
spending and are decision makers & early adopters for their entire family. Frendy
provides an opportunity to women to work part time, serve their communities
& earn an income. Frendy Partners can earn between Rs. 5000-10,000 a month
once they get a loyal customer base and this keeps increasing with local word
of mouth. In addition, Frendy Partners feel a great sense of pride by serving
their community and helping housewives save on their daily needs. This also
gets them recognition within their own family. The in-app & online learning
& development facilitated by Frendy, the support of a Woman’s network of
similar Frendy Partners, the constant reward & recognition all helps to
ensure the Frendy Partners “stickiness” with Frendy. This high-tech model is also
high touch and with this engagement Frendy has been able to create a retention
which is much higher than the typical reseller model.
Gowrav Vishawakarma, the
co-founder of Frendy who hails from Udaipur and previously
ran a tech start-up – Xavoc Tech from the Lake City said, "Women's microbusiness has been a highlight as well in Rajasthan.
We are sure that by training our Frendy Partners we will be able to further
strengthen our Main se Hum movement in Rajasthan as well."
Vinu Nakum, Growth Team Frendy,
commented, "Udaipur has been very
welcoming to Frendy and we are seeing a lot of positive response from our new
Partners who are referring their friends and families to join our Frendy Main
Se Hum movement."
Since it’s
start in July 2020, the platform has scaled rapidly to 3000 Frendy Partners
& 4,500+ products on the platform, growing 30% every month & targeted
to reach an ARR of Rs. 300 Crore in the next financial year. Its current team size is 100 people across Tech,
Community Building & Operations which will be expanded to 200 in the coming
year. The company has raised over $5 m in funding in the last year and is
already active in 25 towns of Gujarat where the Social Commerce start up is
providing grocery to Bharat neighbourhoods via women community leaders. In its clustered growth approach, Frendy
shortly plans to enter other towns in South Rajasthan such as – Sirohi, Abu
Road, Dungarpur, Kota & Banswara, Nathdwara. It plans to start operations
shortly in MP & West Bengal.
Mrs. Monika Panwar Frendy, DOST
Udaipur said, “The Frendy's We commerce
model immediately attracted me, and with my husband we decided to become the
Frendy DOST franchisee for Udaipur, offering home entrepreneurs a fantastic opportunity
to serve their communities and earn income.” She further added “we are confident that we will create 2000
digital supermarkets & successful home businesses in Lake City within six
months.”