ALGO
Dubai
About ALGO
ALGO is hardware company that focuses on building IOT devices for grocery in-store shopping. 85% of the shoppers are not satisfied about the checkout experience within the grocery hypermarkets. This triggers a need to create a new mechanism that enables shoppers to grasp their items and get their payments sorted out without passing by the cashier queues. By having smart shopping baskets and trolleys, the shoppers will be able to use them to identify their shopping items and get the payments done automatically without the need to go through the cashier queues. Our solution carries the following benefits for grocery stores: • Saving up to $80,000 USD per eliminated cashier lane per year • Having a new revenue stream leveraging the revenue sharing mode with us • Having happy customers Shopper, on the other hand, will enjoy the following benefits: • No queues • In-store shopping assistance • Personalized offerings and discounts
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: $10K – $50K
- Total funding: $60.0K
- Funding stage: Seed
- Last round: Pre-Seed (May 2018)
- Website: nabdaa.com
- Phone: 00971543000236
Industries & Categories
E-Commerce, Payments, Software
Social Profiles
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