Fydo is a Hyperlocal AdTech platform that shares information about Best deals offers, events and upcoming sales from all nearby shops and malls in the city at the same time helps small and medium-level businesses in promoting their products and services.
Startup Description
Fydo is a Microsoft & NASSCOM-backed Adtech startup from Bhubaneswar that provides a digital platform for small and medium businesses to advertise their products and offers. At the same time, it is also a one-stop platform for customers to get info about all the deals and offers & events from the nearby shops and outlets in their city with an add-on benefit of discounts and cashback on paying with the Fydo App.
Product Screenshots
Business Model
We provide information about the best deals, offers, and festive and seasonal sales from shops in a city. Now, this is the freemium model. Customers see the information for free but the information being provided by the shopkeepers or brands or malls is a form of advertisement so they pay the fee which is the main source of revenue for Fydo. Other than that, many of our shops also join our premium partner where we help these merchants customers in their shop for which we charge commission.
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2B2C
Competitors
Some of our potential competitors are magic pin, Nearby, Dukaan but we have numerous advantages that give us an edge over them.
Teams
Satyajeet Patnayak
CEO
Sinchan Kr Mishra
CTO
Tell us a bit about how founding team knows
each other.
We have 3 Co-founders each with their unique sets of skills and knowledge to compliment each other. I am a serial entrepreneur who has already co-founded a startup and has successfully exited. After that, I worked with Skoda India, and then I left the job and started my own venture. Our CFO is a retired government officer who has 30+ years of experience in finance and accounts. My CTO is my batchmate and college friend and we have been working together since the second year.
Why did you decide to start this
company?
I am a serial entrepreneur who has already co-founded a startup and has successfully exited from it, After that, I worked with Skoda India, and then I left the job and started my own venture.
Are all the founders full-time on this
project?
Yes
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opportunity to invest in companies
like Fydo?
