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Sarithi LocalMart

Conference: DEMOfall 09
Market Segment: Enabling Technology
Funding Amount: $100,001-$500,000
Funding Round: Seed
Funding Details: Seed using personal funds.
Competitors: Amazon, eBay, and other retailers with online presences. Secondary competitors: Google, Yahoo, Pricegrabber, and other search and price comparison sites.
Product Description: Though purchasing from small retailers is beneficial to local communities, small retailers face significant hurdles in attracting customers. Large retailers define the customer experience through sophisticated technology and seamless integration of their online and in-store sales channels. Matching this is beyond the resources of small retailers, and many have been driven out of business as a result. Neuro -- our P2P cloud-based platform -- inexpensively bridges this digital divide, and provides customers with additional choices.
Market Opportunity: 50% of the $4 trillion retail market is composed of small retailers. Our target market is $5-$8 billion of trade volume within this $2 trillion small-retail market.
DEMO Says: Small online retailers now have a means of competing with the sophisticated sales channels and marketing budgets of their larger corporate competitors. Sarithi Local Mart's Neuro platform enables collaboration among small retailers in order to create scale. Scale creates competition. Everyone wins. Welcome to Sarithi Local Mart.