JazzMyRide has
a team of 50 employees and provides more than 1 lakh products in 150
categories with more than 52 brands. The product categories are
interior, styling, utility, spare parts, protection, cleaning, bike
accessories, riding gears, bike spares, fashion and car audio.
The
business model of JazzMyRide includes purchasing inventory from
companies and delivering it to customers with the help of third-party
logistics. An important milestone for the company has been its tie-up
with 10 third party logistic players like Bluedart, Ecom Express, DTDC
and Go Javas.
The company also partnered with TVS ASL for
online-to-offline (O2O) retailing approach. TVS has invested a total of
Rs. 75 Crores in 3 startups and JazzMyRide is one of them.
JazzMyRide
did have some challenges at the outset, like product discovery and
supply chain. Nonetheless they had a robust technical system with the
help of which they developed a great stocking model.
The vision of the company by mid-July is to accomplish the O2O commerce with the help of a franchisee model first in Delhi and Chennai. Later, it would expand to other cities also. By 2018, the company expects to get twice the products, product categories and brands with branches in Chennai, Bengaluru, Pune, Mumbai and Hyderabad, Sri Lanka and Bangladesh.
