'Voonik' is a new e-ecommerce application that allows users to access multiple different stores from a single shopping platform. The company is based in Bangalore and its aim is to help shoppers more easily navigate Asia's rapidly expanding e-commerce market.
Voonik has an unusual approach to business in that it doesn't carry inventory or handle its own deliveries. Rather, Voonik collects about 500,000 different SKUs products from a number of different retailers and then makes these items available to consumers. For consumers, this model allows them to choose clothes and accessories from a variety of different stores and then purchase these items in a single transaction.
With an overwhelming number of online retailers competing for consumer attention, Voonik's single shopping platform helps to make online shopping a more streamlined process.
What's Driving This Trend
- Multi-store Shopping Apps
- Opportunity for app developers to create more convenient and streamlined shopping experiences by combining multiple stores on a single platform.
- Inventory-less Business Models
- Opportunity to disrupt traditional retail models by collecting products from various retailers and offering them on a single platform without the need for inventory or delivery.
- Streamlined Online Shopping
- Opportunity to improve the online shopping experience by providing a centralized platform that allows consumers to easily navigate and purchase from multiple stores.
Who This Affects Most
- E-commerce
- Opportunity for e-commerce platforms to adopt multi-store shopping features and improve user experience by offering a diverse range of products from various retailers.
- App Development
- Opportunity for app developers to create multi-store shopping apps that simplify the shopping process and provide access to a wide range of retailers and products.
- Retail Technology
- Opportunity for retail technology companies to develop innovative solutions that facilitate inventory-less business models and enable seamless integration of multiple stores on a single platform.
