Untukmu.AI, a Singapore-incorporated startup offering AI options for the gifting business, lately bagged an undisclosed quantity in a seed spherical from 1982 Ventures and angels to scale the enterprise throughout its house market in Indonesia.
The platform presents instruments, corresponding to a present tracker, budgeting instrument, and occasions calendar to supply a easy consumer expertise. As well as, its AI-powered dashboard permits retailers to handle and enhance gross sales, present invaluable insights into buyer preferences, optimise their product choices, and personalise purchasing expertise.
e27 spoke with Untukmu Founder and CEO Pang Xue Kai, a serial entrepreneur who earlier constructed Tokocrypto, a number one crypto trade in Indonesia, to be taught extra in regards to the enterprise.
Edited excerpts:
What impressed you to begin Untukmu.AI, and what hole available in the market do you intention to fill along with your AI options for the gifting business?
My co-founder, Pang Xue Cong, and I recognised how time-consuming and difficult on-line gift-giving can change into, which results in missed alternatives to rejoice essential moments. We launched Untukmu.AI to handle this by harnessing synthetic intelligence to simplify and enrich deciding on items.
Additionally Learn: Tokocrypto founder’s new AI startup Untukmu luggage funding to disrupt Indonesia’s personalised gifting market
The platform is designed to deeply perceive the preferences and pursuits of recipients, making gift-giving a considerate, personalised, and environment friendly expertise.
Are you able to present insights into the present tracker, budgeting instrument, and occasions calendar on the platform?
The present tracker is designed to assist customers hold monitor of the items they’ve despatched and the reactions they’ve obtained. It ensures that customers can preserve a private contact with their gifting, remembering previous items to keep away from repetition and making future present decisions extra knowledgeable and private.
The budgeting instrument helps customers handle their gifting bills successfully. This instrument will enable customers to set budgets for various events and obtain solutions that match inside their specified value vary, guaranteeing that gifting stays joyful and stress-free.
The occasions calendar ensures customers by no means miss a momentous event once more. By integrating private, cultural, and broadly celebrated occasions right into a single, easy-to-use interface, this instrument will immediate customers about upcoming dates which may require a present. This proactive method helps customers plan and buy items upfront, making last-minute rushes a factor of the previous.
How does the AI-powered dashboard help retailers in managing and rising gross sales?
The dashboard supplies deep insights into buyer preferences and behavior. It analyses buyer interplay and buying patterns to establish developments in present preferences, timing, and budgets, enabling retailers to tailor their choices and advertising and marketing efforts extra successfully.
The dashboard goals to extend gross sales and foster significant connections between companies and their purchasers by aligning items with firm values and buyer expectations.
Moreover, Untukmu.AI is growing an omnichannel platform to assist Indonesian retailers attain a world viewers, additional boosting their gross sales and market presence.
A press launch mentions you might be exploring leveraging blockchain and crypto tokens to reward customers. How do you envision implementing this expertise throughout the Untukmu.AI platform?
Rewarding participation: Customers can earn tokens for varied types of engagement, corresponding to contributing critiques, recommending merchandise, and sharing their experiences. This not solely encourages a extra lively neighborhood but additionally enhances the info high quality that feeds into our AI, enhancing the personalisation and accuracy of present suggestions.
Decentralised belief: We intention to introduce a decentralised belief mechanism into the platform. This may guarantee transparency in transactions and interactions, constructing a extra dependable and safe atmosphere for each customers and retailers.
Enhanced consumer expertise: Crypto tokens can be utilized throughout the Untukmu.AI ecosystem for buying items, accessing premium options, or availing of particular reductions. This utility provides a layer of worth to the tokens, making participation within the platform extra rewarding.
Subsequently, this integration emphasises the 3Cs — consent, compensation, and credit score — to make sure moral knowledge use and neighborhood engagement:
Consent: Prioritising voluntary participation and knowledgeable decision-making, guaranteeing contributors are conscious of how their knowledge is used and the related advantages and dangers.
Compensation: Providing truthful rewards and probably implementing a licensing mannequin for the usage of cultural and linguistic knowledge, guaranteeing contributors are equitably compensated.
Credit score: Correctly acknowledge contributions, whether or not knowledge for AI or cultural expressions and work to protect and promote cultural heritage and languages.
This method not solely goals to revolutionise the gifting business but additionally ensures the platform is constructed on a basis of belief, fairness, and respect for cultural significance, setting new requirements in e-commerce and AI landscapes.
How does Untukmu.AI plan to collaborate with small companies, companies, and self-employed professionals to cater to their numerous gifting wants and preferences?
For small companies and self-employed professionals, we’re exploring partnership programmes that enable them to showcase their merchandise on our platform. This not solely supplies them with a broader viewers but additionally enriches the number of items out there to our customers, making it simpler to search out distinctive and significant choices.
For companies, Untukmu.AI intends to develop devoted Company dashboards that allow HR departments and managers to handle their gifting wants effectively. This might embrace worker recognition, shopper outreach, and different company occasions, with options to trace spending, preferences, and suggestions.
We’re additionally seeking to combine Untukmu.AI with Human Useful resource Info Methods (HRIS) to streamline the method of worker recognition. This may enable corporations to effortlessly reward their staff with personalised items instantly via the HRIS interface they’re already conversant in.
Partaking with the enterprise neighborhood for suggestions and insights is essential. We plan to carry common classes with small companies, companies, and professionals to grasp their wants higher and adapt our platform accordingly.
We additionally need to provide assets and help to assist companies and professionals navigate the platform, aiming to be a flexible platform that not solely meets the various gifting wants of varied enterprise entities and professionals but additionally helps small companies in gaining visibility and progress.
What learnings do you deliver from Tokocrypto? Do you foresee a partnership with Tokocrypto, transferring ahead?
Some of the essential elements I realized is the facility of neighborhood. Partaking with and listening to your consumer base is essential for progress and enchancment. That is one thing we’re keenly integrating into Untukmu.AI, fostering a neighborhood that feels valued and heard.
Working within the crypto area taught me the significance of navigating regulatory landscapes adeptly. This understanding is significant as we discover integrating blockchain expertise inside Untukmu.AI, guaranteeing we adjust to legal guidelines and laws whereas innovating.
Additionally Learn: Tokocrypto-BRI Ventures accelerator invests US$40M in collaborating startups
Within the crypto world, safety is paramount. This has ingrained in me the significance of constructing sturdy safety measures and sustaining consumer belief, ideas which might be foundational to Untukmu.AI.
The fast-paced nature of the blockchain business highlighted the necessity for fixed innovation and adaptableness.
Relating to a partnership with Tokocrypto, there are a number of synergies that would profit each platforms. For example, leveraging Tokocrypto’s blockchain experience may improve the safety and effectivity of transactions on Untukmu.AI. Moreover, a collaboration may open up new avenues for token utility and rewards, enriching the consumer expertise on each platforms.
The potential for partnering with Tokocrypto is an thrilling prospect. Such a collaboration wouldn’t solely signify a convergence of my previous and current ventures but additionally probably pave the way in which for progressive options on the intersection of AI, e-commerce, and blockchain expertise.
Why was the corporate included in Singapore? Is it for ease of doing enterprise? How is Indonesia evolving as a startup nation?
We selected Singapore for Untukmu.AI’s incorporation because of its beneficial enterprise ecosystem, sturdy regulatory framework, and accessibility to buyers, leveraging our deep understanding as Singaporeans.
Whereas Indonesia presents a big, rising market and a supportive startup ecosystem, its regulatory challenges prompted our preliminary alternative of Singapore.
Additionally Learn: Tokocrypto, BRI Ventures launch blockchain accelerator programme
Nonetheless, we’re optimistic about Indonesia’s future for startups, particularly with current governmental adjustments aiming to reinforce the digital economic system and startup atmosphere.
We stay up for potential reforms that would streamline operations and entice overseas funding, additional energising Indonesia’s startup panorama.
What are your expectations from the brand new authorities and President of Indonesia?
Our expectation from the brand new authorities and President is to proceed specializing in digital economic system progress, with measures to foster innovation, help startups, and create a extra beneficial enterprise atmosphere. This might embrace simplifying the regulatory framework, providing incentives for startups, and investing in digital infrastructure, collectively boosting Indonesia’s startup ecosystem.
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The submit Constructing Tokocrypro taught me the facility of neighborhood: Untukmu’s Pang Xue Kai appeared first on e27.