ELI - 346 | Punit Sindhwani (Founder of Paxcom - Retail Intelligence Platform)
Entrepreneur Lounge of India (ELI)
English - July 10, 2023 15:59 - 26 minutes - 36.1 MBEntrepreneurship Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
About the spokesperson: https://www.linkedin.com/in/punitsindhwani/
Punit Sindhwani is the founder of Paxcom, an omni-channel retail platform based in India.
He started his career as a software engineer and later ventured into entrepreneurship by starting Pixel Technologies in 2001.
In 2011, Sindhwani and his team pivoted to the retail and e-commerce industry, establishing Paxcom as an omni-channel retail platform with physical stores, a brand portal, and presence on Amazon and Flipkart.
In 2014, Paxcom further evolved its business model and became a software and services provider, focusing on simplifying e-commerce for brands and retailers by offering centralized order and inventory management systems and business intelligence.
Paxcom currently serves 150 brands in India and has expanded its operations globally, providing services in markets such as the United States, Australia, Middle East, Africa, and Southeast Asia. In 2019, Paxcom was acquired by another entity called Paymentus, which supported their growth in the North American market.
Paxcom offers a subscription-based software-as-a-service (SaaS) model, where customers pay for the intelligence and insights they want to track in e-commerce, such as inventory levels, pricing, and product promotions.
The company's monetization model is profitable, and they also provide additional services to customers based on the insights generated by their tools, including content optimization for e-commerce platforms like Amazon.
Paxcom has expanded its client base globally and serves markets beyond India, including the United States, Australia, Middle East, Africa, and Southeast Asia.
The acquisition of Paxcom by Paymentus in 2019 provided logistical and financial support, enabling accelerated growth and entry into the North American market.
Paxcom's future trajectory involves leveraging machine learning and AI technologies to further enhance their platform's capabilities, including predictive analytics for inventory optimization and targeted promotion strategies.
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