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Prione bets big on SMEs in Telangana
Prione, a joint venture between Catamaran Ventures and Amazon, on Tuesday said it had seen high demand for its services from small and medium businesses (SMBs) in Telangana. The company, which enables SMBs to sell online, is betting big on the TS for growth.
Hyderabad: Prione, a joint venture between Catamaran Ventures and Amazon, on Tuesday said it had seen high demand for its services from small and medium businesses (SMBs) in Telangana. The company, which enables SMBs to sell online, is betting big on the TS for growth.
“Prione’s mission to make SMBs successful has seen strong results in Telangana - the number of sellers in Hyderabad with annualized sales of 1 crore of business has increased by 400 per cent in the past three quarters and similarly, number of sellers in the 10 crore club has increased by an astounding 700 per cent,” the company said in a release.
In Telangana, businesses in the fast moving consumer goods categories have seen significant demand for their products online followed by companies in the pearls and jewellery segment. There are more than 1,300 registered sellers from the region, offering unique hard-to-find products to customers across India.
"There are millions of small and medium businesses in India with tremendous entrepreneurial spirit and energy. As customers migrate to online commerce, we help these businesses make the shift towards the digital channel by investing in awareness, training, capability uplifting and continuous advisory and support services,” said Shariq Plasticwala, CEO, Prione.
Hyderabad is home to one of Prione’s first offices in the country and it is among the top five cities in terms of number of SMBs enabled online. It also operates two satellite teams in Visakhapatnam and Vijayawada. In the past year, the company has enabled 14,000 SMBs to sell online.
