· A platform that allows you to bargain
· Encourages you to order free product samples
· Company to onboard 250 brands in phase -I
· Will cater to brands across Fashion & Lifestyle, Food & Beverages, Beauty & Wellness, Furnishing & Décor, and Sports & Nutrition
Bengaluru, NFAPost: SOCH Group has announced the launch of This or That, the Omni-channel Retail Platform exclusively for startup brands. It will have one-of-a-kind experiential online shopping as well as offline stores. The store would comprise handpicked and quality-assured products from innovative, interesting and unique startup brands.
The launch of ‘This or That’ will take place in a phased manner and, in the first phase, SOCH intends to launch with over 250 of the best startup brands in India registered under Startup India. These brands will be spread across 5 categories – Fashion & Lifestyle, Food & Beverages, Beauty & Wellness, Furnishing & Décor, and Sports & Nutrition. This or That will be an inventory based model as opposed to the usual marketplace one – to ensure that only genuine products with strict quality control are sold to consumers, SOCH said.
This Or That aims to enable the hopes and aspirations of the millennial and Gen Z in terms of helping them follow trends in online shopping and making a very personal statement about themselves by enabling them to easily and conveniently find and experience a wide range of genuine and hand-picked products that have a stand-out element in them.
TOT has been designed with the primary aim to help startups reach their audience with their variety of products. It also aims to bring about a significant change in the way e-commerce is looked at today with a number of other benefits such as:
· Encouraging customers to order product samples for free
· Option of allowing customers to bargain on certain products on certain days
· Allowing customers to try and compare products prior to purchase
· Opportunity for brands to get funded
· Voice-enabled discovery of products on the platform
This platform provides the end-consumer with the exquisite opportunity of access to hand-picked and curated products possessing standout elements, which would be unique and appealing. Moreover, it provides the consumer with a ‘Phygitial’ (mix of physical and digital) experience in Indian e-commerce and retail space.
This or That (A SOCH Group Initiative) Founder Director Rohit Mohan Pugalia said, “SOCH Group always works with the purpose of building a strong and a healthy relationship with society and keeping the Prime Minister’s vision of Start-Up India in mind. ‘This or That’ is one such initiative that will benefit startups as well as customers in terms of getting them the best experience. We will offer a ‘Phygital Experience’ to customers in the Indian e-commerce and retail space” .
“We will also nurture potential startups and help them reach new avenues by way of providing them with an exclusive platform, solving problems of brand visibility and helping them reach a broader audience for business growth though provision of support services like Marketing & Branding, Accounting, & Startup funding,” he added.
The number of startups in the country have increased seven-fold over the last decade and they are revolutionising the world by innovating solutions and adding value to society. This platform has been designed for startups keeping in mind the growing startup ecosystem in India, SOCH said.
SOCH Group (the parent company) was founded in the year 2015 and became a force to reckon with from thereon. The company entered the healthy snacking business in 2016 with the launch of Munchilicious, India Ka Naya Snack. The Group plans to launch more such initiatives in the future with the aim of supporting and nurturing startups.