Realbox Data Analytics,, a data science company, has raised pre-series A round of funding of amount $300K led by Hyderabad Angels. Alok Mittal, ex-MD, Canaan Partners, Dharamveer Singh Chouhan, Zostel CEO, Shubranshu Pani, Director JLL and vCommission also participated in this round. Pledging to create an analytical eco system for offline businesses, Realbox plans to invest the funds in developing the concept of “smart store” that would holistically cater to the growth of businesses.
Business intelligence and predictive analysis tools are used by Realbox Data Analytics to help offline businesses increase revenues and decrease risk. Pulse, their signature product, provides decision- makers business summaries and key performance metrics on their mobile devices in real time, helping them remain agile and in control of their businesses.
“Our mission is to make offline businesses intelligent. With the investment on board and enhanced capacity, in addition to large corporate clients that we currently serve, we are targeting to introduce “Smart Store” to over 5000 outlets including movie theaters, retail & hospitality businesses in next 18 months” says RealBox Founder, CEO Saurabh Moody, a Microsoft alumnus and a data scientist, who has worked with retail giants like Target, Toys R Us, USPS, in the past. He also published a patent in the field of profiling customers and creating personalized experiences in a fully automated way. Saurabh along with his co-founders, brother Arjun Sudhanshu and Preksha Kaparwan incorporated Real Box Data Analytics Private Limited in April, 2015.
“While we are growing as a company, we believe in constantly upgrading and providing the best experience to our existing customers. Our flagship product “PULSE” which is an intelligent business dashboard can be installed on top of any existing POS enabling businesses to use data analytics without changing their existing technology. This proprietary technology is capable of connecting to any business management software (POS – Point of sales) and can generate real time actionable insights thereby helping the management in better decision making. It can be remotely installed and needs no hardware or software support from third party. It’s a self-sustainable eco system which works on any device.” shared Realbox co-founder and CMO Preksha.
“Pulse” has been successfully deployed across various clients such as movie theater giant PVR Director’s Cut and Australia’s biggest juice chain JOOST among many others. It has helped clients track and monitor thereby facilitating growth. Pulse is currently in use across Movie Theaters, Retail Businesses, Restaurants and Hotels.
“Our mission is to make offline businesses intelligent. With the investment on board and enhanced capacity, in addition to large corporate clients that we currently serve, we would also like to cater to more and more medium and small offline stores/businesses helping them grow. Given its ease of use and affordability, Pulse would transform all small and large business into smart stores” says Realbox Founder and CEO Saurabh Moody.
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Manisha is a Senior Content Analyst with Analytics India Magazine. Apart from writing & editing articles and taking interviews, she is also responsible for covering analytics news, and handling social media for AIM. She can be contacted on firstname.lastname@example.org.