New Delhi, Mar 5 : Styched, AI-based India’s first only e-commerce fast fashion brand hits $ 50,00,00 revenue in the first year, experiencing a 125 per cent quarterly growth. The Bangalore based startup has experienced profitable run in its very first year with less than 7 per cent return rate.
This has been possible because of the Artificial Intelligence-driven backend operations by adding labels to the order, checking for mobile number, email address, delivery location accuracy, Pincode history and customer history, helping the team to analyse the chances of return in advance and process the order accordingly. Started in February 2019, the Bangalore based startup is a production on-demand company, with the extensive fabric print setup in-house.
Dispatching over 200 orders a day, the company is able to deliver much larger assortment of styles and designs because of its zero inventories, production on demand process-driven with the help of AI which is first of its kind initiative by an Indian fast fashion brand.(UNI)