Gabbardeals, an omnichannel mobile phone retail brand, announced that it has acquired InstaOne Software, a Software as a Service (SaaS) company providing retail and distribution solutions. Financial details of the deal remain undisclosed.
The acquisition will allow Gabbardeals to build a full stack of Point of Sale systems to better last-mile connectivity and deliver consumer electronics. The aim is to help neighbourhood retailers with better pricing and distribution through technology.
Gabbardeals is an integrated retail operating platform that connects brands, consumers, and retailers, and is working with local stores across the country to help them source and sell better. The company has also launched a series of integrated assistive tools including WhatsApp Chatbot for users to talk in their preferred language. The company will soon be launching its B2C mobile application, it said.
Commenting on the acquisition, Niraj Raka, Founder and CEO of Gabbardeals, said, “India has a widespread network of small retailers across the country. We at Gabbardeals are creating a new digital retail model, which blends the online and offline worlds seamlessly. The acquisition of InstaOne, along with its talented team of top performers, will tremendously accelerate Gabbardeals’ pursuit of becoming a leading player in the Indian retail market.”
“We have a positive contribution margin and are gross profitable from Day-1. To date, we have sold close to 1 lakh mobile phones, gadgets, and accessories through 50 franchisees. We have achieved Rs 100+ crore in Gross Merchandise Value (GMV) within the first year of operations,” added Raka.
–AN
