[prMac.com] Hyderabad, Telengana – Teka is a socially engineered marketplace app that allows smaller businesses to find a fighting chance against the big brand and mega mall invasions that is happening on the business space.
Mega Malls and Big Brands taking over and eventually eliminating smaller businesses is not a new story; however, till date no single business solution has founds it position either launching, standing or running for that matter. Teka seems have taken on the odds and have come out with a stellar business model that even likes of PayTM founder Vjay Shekar equate with finding God.
The growth rate of Teka is completely driven by a sense of community and social sharing. Users can only have access to Teka, if someone is inviting them. This is a model that allows to incentivize the community and more the people are inviting, the better the discounts and cashback reward points they are able to enjoy whilst purchasing.
Teka Co-Founder and CEO Mr. Vamshi Kishore says that “Our’s is a simple model of connecting with people and asking to purchase from their local shops at same discounted prices as any big malls. People can save on fuel, time and also on standing in queues, while gaining same discounts and the cherry on the cake is the cashback systems, we give 100% of the rewards for encashment at the spot itself. So customers are happy, vendors are happy and local businesses are saved, this is the nature of what we are doing”
Without complicating the deals and offers, the business seems to be doing well on its own and is growing via invitation across some suburbs very rapidly. The analytics they say, shows 98% of the purchases are from men in ages above 30 years; this and 73% of the purchases are around daily consumables and groceries.
Grocery services has so far not been successful for several businesses, except for logistics heavy businesses such as the Grofers, or inventory driven BigBasket. It remains to be seen as to how the Teka Marketplace will grow and sustain.
* iPhone, iPad and iPod touch
* Requires iOS 11.4 or later
* 96.1 MB
Pricing and Availability:
TEKA 1.16 is free and is available worldwide through the App Store in the Business category. An Android version is available through the Google Play Store.TEKA
Download from App Store
Download from Google Play Store
PayTM Founder Vjay Shekar Story
TEKA is a socially engineered community buying marketplace that nets guaranteed discounts and cashbacks for every buyer from every local shop. You gain when you or your community of friends, family, co-workers buy from a shop registered with Teka Mobile App. This is a social engagement program designed to promote the welfare of local Indian businesses, whilst also enabling quality shopping experience, availing of same or better pricing than mega malls or online shopping carts. All Material and Software (C) Copyright 2019 TEKA. All Rights Reserved. Apple, the Apple logo, iPhone, iPod and iPad are registered trademarks of Apple Inc. in the U.S. and/or other countries. Other trademarks and registered trademarks may be the property of their respective owners.