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Tag: Middle East

  • InfoVision Labs, a business transformation tech start-up, launches operations in the Middle East, Dubai

    Vinay Barigidad, Managing Director, InfoVision Labs

    Mumbai (Maharashtra) [India], June 22: One of the leading technology firms InfoVision Labs, Global, servicing Fortune 500 companies globally, has chosen Dubai for its first expansion into the Middle East. The company registered in the region as IVL Global Technology Services.

    InfoVision Labs provides digital transformation services in Telecom, Retail, Healthcare, BFSI, Oil & Gas, & Manufacturing domains across the globe. The company is solving complex business problems using technology and offering solutions in legacy transformation, cloud-native solutions/cloud migrations, AI/ML/Predictive Analytics, Salesforce, SAP, Enterprise Mobility, UX Services, & Validation Services. The digital transformation strategies are curated to create a competitive edge for the businesses, bringing inefficiencies and technology advances.  A systematic approach of studying the business processes, identifying customer journeys, understanding the employees and the users, researching the data points, learning about the competition, and knowing the landscape of emerging technologies enables InfoVision Labs to develop and implement winning digital transformation solutions for their clients. With the pillars of digital transformation identified and various benchmarks aligned, InfoVision Lab’s solutions improve performance, increase productivity, and drive effectiveness across the business. For free one-time consultation please reach out to the company at www.ivlglobal.com.

    Vinay Barigidad, Managing Director, InfoVision Labs, on launching the operations in the region, quips, ” The consumer demand for information and communications technology (ICT) products is totalling $4 billion, and the services around these will see a rise. The opportunity for start-ups to showcase their strength in the UAE in Cloud computing, IoT, AI, Cyber Security, Emerging tech, 5G, and many more fields is enormous. We feel we have an opportunity to be a part of their success story. The combination of great talent, investment, and entrepreneurship makes us unique. Our services are focused on solving the business problems using the emerging technologies and are hoping to tap the exciting emerging technology businesses in the UAE.”

    Gulf Cooperation Council (GCC) members like the United Arab Emirates (UAE) are undergoing economic diversification transformations. A huge component of that is digital transformation across many aspects of daily life. This transformation was even before COVID- 19, and social distancing suddenly became the norm globally. UAE-wide, the country, for instance, has its economic strategies of UAE Vision 2021 and UAE Centennial. Both approaches have strong themes around digitalisation and transformation. The former focuses on transitioning the UAE into one based on knowledge, would promote innovation, investing in research and development (R&D), and embracing ground-breaking technologies.

    The United Arab Emirates was forward-thinking years ago by prioritising digital transformation. That is part of its broader national economic development and diversification transformation.

    InfoVision Labs can be a catalyst for enterprises and Government agencies in the region to enable their digital transformation strategies, innovations, R&Ds and to deliver ground-breaking technology solutions using their vast experience working with global customers.

  • Styched Fashion, Indian youth fashion brand, launches operations in UAE

    Abu Dhabi [UAE], May 20: Indian youth fashion brand, Styched, recently launched in the UAE. The affordable fashion brand, which boasts of a unique Zero wastage and Zero inventory model, aims to be the one-stop value fashion shopping destination for online shoppers in the Middle East. Sensedynamic Fashions, the company that owns the brand Styched, have set up manufacturing units, warehouse and shipping hubs in Sharjah / Dubai, and plans to expand its vendor network of fabric manufacturers, tailors and apparel designers across UAE. The company, operating through their website https://www.styched.ae in UAE, will cater to customers across the Middle East and North Africa.

    Styched launched in India in Feb 2019 with their website https://www.styched.in and Styched App has grown multi-folds in the last couple of years. From Tshirts and Joggers, the company now has more than 25 categories ranging from Topwear, Bottomwear, Athleisure, Footwear and Ethnic to name a few. Headquartered in Bangalore, the company has scaled up to an 8 million USD valuation with 2 rounds of funding to date. With a vision to become the number one affordable youth fashion brand globally, Styched looks to further expand its footprints in the coming years.

    “We have shown 5X growth in the last few months, post lockdown, and felt that this is the right time to go aggressive on our growth plans. Despite the pandemic and the stop-start mode of operations, we have been able to achieve our planned revenue targets. We are looking forward to being operationally profitable by December 2021 in India. We view UAE as a high potential market for fashion eCommerce and we bring capabilities to cater to the modern youth with unlimited affordable designs.”, one of the senior members at Styched said. Styched will be available only through their website and app in UAE, like Styched India. They plan to launch the app for UAE by June end. The website is live and taking orders.

     

    Ecommerce in UAE is projected to be at 27B USD by 2022, with 10% of that number owned by Fashion. Fashion eCommerce is expected to show an annual growth rate (CAGR 2021-2025) of 11.86%. The highly untapped market in UAE along with the predominance of ex-pats among fashion eCommerce shoppers, make it a lucrative destination for affordable brands like Styched.