Why GobbleCube?
In the evolving retail e-commerce sector, the global market, valued at $5.3 trillion in 2022, is expected to see significant expansion, with a CAGR of 11.2% through 2030. This growth is driven mainly by the increased use of smartphones and the convenience of shopping from home. Factors such as a wide range of choices, lower prices than in-store, and increased internet usage are enhancing consumer demand globally. The Asia Pacific region contributed a 42% revenue share in 2022. It’s more than just numbers, it’s about our evolving lifestyles and how tech is reshaping our shopping carts.
With the advent of AI, online shopping is anticipated to see an uptick. Innovations such as AI shopping assistants, chatbots, personalized experiences, and tailored recommendations are set to redefine customer service. Additionally, features like real-time interactions and virtual product trials aim to significantly enhance customer engagement and boost conversion rates.
E-commerce penetration is growing rapidly, becoming a key focus for major brands, outpacing traditional retail with a CAGR twice as fast. This growth in e-commerce has led brands to diversify across multiple platforms, adding complexity to their operations. They face challenges in managing revenue and consolidating data across platforms like Amazon, Walmart, Flipkart and various quick commerce sites. The traditional methods of spreadsheets and manual data analysis are proving inadequate for scaling in this fast-evolving landscape.
At Kae, we recognize the genuine need for solutions in complex workflows, seeing great potential in AI for simplification. The GobbleCube team is aptly poised to address this substantial challenge. GobbleCube is the go-to platform for consumer packaged goods (CPG) brands looking for seamless revenue management. Offering real-time analytics, it is essential for enhancing brand visibility, availability, and market presence, factors directly influencing sales.
GobbleCube automates data and decision-making processes across the entire e-commerce value chain to boost share of voice (SOV), minimize out-of-stock (OOS), and prevent revenue leakages, leveraging AI and automation to present brands with actionable insights. This enables brands to focus on executing actions that drive growth and profitability, while it abstracts the entire end-to-end process.
GobbleCube team has a strong founder market fit, with co-founders originally part of Blinkit’s leadership, instrumental in developing India’s major quick-commerce platform. At Blinkit, Manas built out Data as a Practice, Sri led Category and Merchandising and Nitesh was heading Consumer Engineering. During those 7+years, they collaborated with 500+ brands and gained a first-hand understanding of the everyday challenges faced by brands as they expand their presence on online platforms.
We had been in touch with the co-founders for several months even before this round. They have a deep understanding of the business and customer empathy- essential for product development. GobbleCube aligns with our investment thesis in vertical SaaS companies that address specific industry challenges and automate existing manual processes. It assimilates, models, triangulates, and analyzes vast amounts of data to quickly surface those crucial high-priority issues using contextual intelligence. This enables sales teams to get into action immediately by asking the right questions to the right stakeholders. Already implemented by various mid to large global brands, GobbleCube is demonstrating its market relevance and potential.
We at Kae are very excited to partner with them in this journey. This presents a large opportunity, and we believe they are the best team to build this business.