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MarketOrders Co-Founder invited to meet with Her Royal Highness Princess Beatrice at St James Palace

Our Co-Founder & COO, Sukhi Jutla, was recently invited to meet with Her Royal Highness Princess Beatrice at the royal residence St James Palace, where the Princess hosted the Good Growth Summit.

Designed to celebrate female entrepreneurs, the Good Growth Summit connects and inspires female leaders from across the US and UK technology ecosystem.

This exclusive invite-only event is designed to build connections and collaborations and to help female founders access the tools they need to start and scale their companies.

This year, the Summit was hosted by Her Royal Highness as she is a passionate advocate for helping to promote more women into technology and herself works for an artificial intelligence company in London.

The Princess expressed how she was personally inspired and encouraged by seeing so many female entrepreneurs driving the UK commerce forward. From her own business experiences, she expressed she didn’t underestimate the courage and conviction it takes to succeed and offered her support as we collectively work to create a more gender-balanced environment for innovation.

The event kicked up with a wonderful lunch reception followed by an afternoon of inspirational leaders sharing their top tips and personal journeys into the forays of tech.

Some of the guests had flown in from Silicon Valley and they shared their experiences in the hope of forging new relationships with our incredible UK talent pool.

The stories that we heard were all geared to inspire and fuel personal and business growth and it was wonderful to hear such inspiring stories.

Amongst the speakers were:

  • Joanna Hoffman – who joined Apple as the 5th employee and worked with Steve Jobs
  • Jennifer Rademaker – Executive Vice President – Mastercard
  • Linda Avey – Co-Founder of genetics testing company 23 and Me

The event concluded with a sparkling champagne reception. We will share official photographs once they are released from the Palace!

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MarketOrders Co-Founder speaks at the Fintech Week in Hamburg

The Fintech Week is a 6-day FinTech focused event held in Hamburg (4-9 November). It is a celebration of all things FinTech and helps to showcase and promote FinTech ventures in Germany.

This year, the Fintech Week collaborated with the UK to strengthen Germany and London ties in the FinTech space.

As a result, the Depart of International Trade in the UK Government hand-picked MarketOrders.net to attend and present at FinForward, which is a 2-day conference part of the Fintech Week. The mission was to showcase Fintech capabilities and to foster collaboration and new opportunities.

Our COO and Co-founder, Sukhi Jutla, attended the FinForward event and presented on 2 panels.

The first panel discussed how Fintechs could embrace greater diversity. This was an insightful event where it was clear to see that this topic is very much at the forefront of the FinTech community. They understand that to build the tech of tomorrow we need to include everyone. Tech is inclusive and it’s important to celebrate all diversity in this field.

The second panel was about blockchain and the rise of Security Token Offerings (STO). Sukhi shared her views on how blockchain and STOs are increasing internalisation of the financial markets and shared how MarketOrders.net plans to disrupt the supply chain with the use of this new innovative technology.

Sukhi commented: ‘’It was a fantastic conference and we thank the Department of International Trade for this great opportunity. It is clear to see how progress is made when collaborations work well and it was great to see how Fintechs are thriving not only in London but in Germany too.’’

 

 

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MarketOrders team meets the Mayor of London, Sadiq Khan

Tuesday 29th of October, the MarketOrders team was invited to the annual Mayor of London’s business reception.

The reception was held at City Hall, in the heart of London, from 6 pm onwards. The event was an opportunity to hear more about the Mayor’s work to deliver good growth for the capital and to network with other business leaders representing a cross-section of London’s economy.

Rajesh Agrawal, the Deputy Mayor of London for Business, made an introduction and encouraged the guests to network, make connections and learn from each of other.

Sadiq Khan made a speech highlighting the strength of London’s innovation and its openness to the world. He reinforced that despite political uncertainty, London is and will remain a welcoming city where people can learn, thrive, invent, conceive and succeed.

Our COO Sukhi Jutla and our Head of PR & Coms, Caroline Hoffmann, attended the event, representing MarketOrders.

Caroline said: “It was an honour to meet the Mayor of London. Though being a very busy man, he took the time to spend an evening with London’s entrepreneurs and get to know them. I really identified with his speech as I come from France and despite Brexit, I still feel welcome in this city and hope I’ll be able to live and work here for many years to come. I also think that London’s innovation is booming more than ever and that the best is yet to come.”

Sukhi gave her reaction as well: “We were honoured to be invited at the Mayor’s reception and to meet the Mayor in person. It was clear to see from his speech that he cares about the entrepreneurial and business community in London and took the time to hear about what we do at MarketOrders. He also congratulated the team on our recent fundraise!”

 

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MarketOrders at the London Asian Business Awards 2019

Last week our Co-Founder & COO, Sukhi Jutla, attended the London Asian Business Awards.

As a reminder, Sukhi was nominated a finalist in the ‘Disruptive Entrepreneur’ category.

Some of the best professionals and businesses received an award for their achievements over the last year at the 3rd London Asian Business Awards 2019. 32 finalists across London were crowned winners. The event took place at the Millennium Gloucester Hotel in Kensington on Friday 11th of October.

The event personified the spirit of London’s South-Asian community. The night was one of inspiration with the range of finalists reflecting the sheer number of London industries with Asian impact and presence. Categories included Rising Star, Young Entrepreneur of the Year and International Business of the Year.

The London Business Journal were official media partners for the Awards. Charity partners were The Asian Women’s Resource Centre who provides specialist domestic violence support services to women and children across London.

The London Asian Business Awards 2019 sponsored by Gatehouse Bank and presented by Greenleaf Catering, are organised by Oceanic Consulting – the UK’s leading ethnic awards company. CEO Irfan Younis said “I’d like to congratulate all winners and finalists awarded at the 3rd London Asian Business Awards 2019. The evening was one of absolute talent and inspiration. London’s Asian Business community are the perfect role models for future generations of aspiring entrepreneurs.”

Congratulations to all the finalists and winners!

Official press release here.

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MarketOrders COO joins the advisory board of Management Today’s conferences

MarketOrders COO & Co-Founder Sukhi Jutla joins the advisory board of Management Today’s conferences.

Each year Management Today recruits a stellar line-up of front-line leaders to help us shape an exciting conference. The advisory board helps us identify key speakers and ensures we achieve our mission of creating a conference that inspires and educates you.

Sukhi commented: “I’m very excited to be part of such an inspiring board to help shape the content and strategy for these important conferences which help many women navigate the business and entrepreneurial world. These conferences aim to equip attendees with the best knowledge and wisdom from the best speakers who been there and done it and are now sharing their know-how to help the next generation of women leaders to blossom and is an honour to be a part of their journey in this way”

The next conference, “Inspiring Women in Business”, will take place in London on November 21.

You can register here.

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MarketOrders News

MarketOrders Co-Founder meets easyJet Founder!

MarketOrders Co-Founder Sukhi Jutla meets easyJet Founder Sir Stelios Haji-Ioannou

 

It’s not every day that you bump into a billionaire but trust our co-founder Sukhi to do so!

As many of you may know, a few weeks ago in May Sukhi was invited to Keynote speak at the Digital Enterprise Show (DES) in Madrid, where MarketOrders also walked away with an award for Digital Innovation.

En route to Spain, Sukhi bumped into Sir Stelios Haji-Ioannou, who is a British Cypriot entrepreneur best known for setting up easyJet.

Here is Sukhi’s first-hand account:

No one really likes hanging out at airports but for entrepreneurs, it can be golden time to catch up on emails and social media.

Other times, it’s also great to just wander around the terminal and that is exactly what I decided to do as I waited to board my flight to Madrid to keynote at The Digital Enterprise show (DES).

As I walked past WH Smiths lo and behold I saw a very familiar face! It was a round face with a familiar smile and I could see this person intently perusing the phone charging section of the store.

As an entrepreneur, I have devoured various articles and books on the most successful business people and billionaires in an effort to learn from their journeys.

So when I saw Sir Stelios, I went straight up to him, held out my hand and introduced myself to him. He took one look at me, chuckled and said ‘ You must be an entrepreneur’.

I asked him why he would say that and he said ‘’because it takes one to know one!’’

He was delightful, taking a few minutes to take a photo with me and learn about what I am creating with MarketOrders.

He wished me the very best as we parted ways and said ‘Keep up the great work’.

More stories to come!

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How MarketOrders is pioneering ‘Smart Retailing’ in the gold jewellery industry

 

Today, retail shopping involves one of two options; you either buy products online or walk into brick and mortar stores.

These days however more and more people want their goods to be delivered faster and cheaper to their doorsteps which continue to put pressure on traditional retailers or brick and mortar outlets.

But when online shops can’t quite deliver, the customer needs to go to the store themselves and this experience can be very frustrating. Therefore this cannot be the only option.

So let us introduce a new form of retailing called ‘Smart Retailing’ being pioneered by my company, MarketOrders. We are shaping up a new type of retail experience by combining the best of both online and offline retailing for the gold jewellery industry.

At MarketOrders, we call this a converging platform. Our platform is helping to redesign traditional stores into smart retail stores. We help retail jewellers to embrace new technology to enhance their traditional retail stores.

eCommerce and the high street don’t have to fight for sales. Instead, we help our retail jewellers discover how they can use digital tools like MarketOrders to help reach more customers by ordering smarter and cheaper.

Even though the world is becoming more digitised, there is still demand for in-person purchases. People don’t just want to buy a product. They want to buy an experience, especially when it comes to high-value items like gold and diamond jewellery.

Retail stores can embrace this growing trend through what we call ‘Smart Retailing’ and we are already helping traditional gold jewellery retailers to adapt to the new digital world in new and creative ways.

 

photo credit: https://pixabay.com/en/jewelry-necklace-shop-windows-1159685/

 

MarketOrders, proof of concept (POC)

So let’s start with your experience when you visit any gold jewellery shop if you have been to one. It takes hours for you to choose and pick that perfect item for your loved ones.

You might not like the design or style or maybe it’s too expensive. It could also be a dull experience if you are having to get the attention of store staff and they are not being particularly helpful!

You could purchase the item online however that is also not a perfect experience. You may want to touch the item, feel it and try it on. The item may also need to be made to order and can’t accommodate a suitable delivery window in time.

 

photo credit:https://pixabay.com/en/handshake-hands-laptop-monitor-3382503/

 

Introducing the MarketOrders hyper-local mobile commerce vision

From our experience, we have seen that most customers prefer to buy local especially when it comes to jewellery.

Now through the MarketOrders platform and its hyperlocal mobile commerce, everything will be customised the way you want (business owner and end consumers) and the experiences will be powered with technology. This will help the customers to make more informed choices and improve efficiency.

The MarketOrders platform allows the retailer or their customers to pick and choose what they want, when they want and at what price they want.

Purchasing gold jewellery is still operating in a very traditional way. The process was designed decades ago. The retailer has to visit the suppliers to find designs that suit his customers needs based on gut feelings as nothing is digitised or data-driven.  This costs time and money and is an inefficient process.

MarketOrders redesigns this experience by bringing universal designs onto our platform. Retailers can view the products they want with no sales pressure to buy, no need to travel to the suppliers on the other side of the world and no longer having to leave the business unattended. Retailers can also purchase from one source instead of multiple distributors which is also time-consuming.

MarketOrders allows retailers to browse what they want and check the price suitability before placing the order and make a request to deliver or pick up at a particular time.

All the small traditional retailers can get a unique makeover by using the MarketOrders platform.

Most brick and mortar jewellery retailers have not changed the way they operate since the mid-eighties and these stores are the lifeblood of many localities and communities. Today they need to be more convenient to cater to today’s shoppers and satisfy their experiential desires.

 

The real transformation that MarketOrders will bring is digitising the traditional store.

The technology that MarketOrders is building will help traditional retailers with the analytics of their store. This will help decide what products they need, how much they need, who is their customers and etc.

This means the local stores will be better enabled to serve the needs of the local customers. The possibility for small brick and mortar shops are endless with MarketOrders where we are helping to reimagine the stores the way their customers want to shop. Smart Retailing is the future for the gold jewellery industry.

 

Connect with us:

Web: https://marketorders.net/
Facebook: Facebook: https://www.facebook.com/marketordersofficial/
Twitter: https://twitter.com/Market_Orders
Instagram: https://www.instagram.com/marketorder/
LinkedIn: https://www.linkedin.com/company/market-orders/

Contact details: [email protected]

 

Written by CEO & Founder, Ram Krishnna Rao

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Why the future of retail sits at the intersection of e-commerce and the physical retail shop?

 

The digitisation of Gold Jewellery Industry on MarketOrders platform becomes location agnostic and open to global gold jewellery industry which can constantly evolve by investing in and building Unique IP that will add value for every participant on the platform.

 

In order to make MarketOrders a strong marketplace for the gold jewellery industry, MarketOrders must continue to invest heavily in machine learning, blockchain technology and data – analytics capabilities to gain and gather intelligence from trade data flow.

 

 

MarketOrders enhances the intersection of e-commerce and physical retail stores. Retailers understand that strong customer engagement can only be achieved by implementing new innovation and new technology. This realization causes retailers to think about the need to innovate. They are constantly seeking to evolve and innovate. To execute this vision of an in-store experience powered by technology, retailers need to leverage the capital-skill set of both infrastructure and operations which can cost them a fortune.

 

Keeping in mind that retailers are prime for fresh ideas and new approaches, MarketOrders platform introduces new technology to retailers to help elevate the customer experience and create an incentive for shopping offline and driving purchase intent by increasing the visibility of demand  by allowing retailers to discover product of relevance, reduce shoppers frustration and help create pleasing experience and increasing chance of customer delight.

 

We believe that the future of retail sits at the intersection of e-commerce and the physical retail shop. MarketOrders will bring and enhance these two experiences into a seamless integrated and complementary approach.

 

 

The ultimate goal of MarketOrders is to help retailers to leverage real-time placement for retail stores which will create a concentrated and consolidated Marketplace with retail-user interface integration with a unique point of buying. This will enable and optimize retail buying to be unique, personalized and enable customisable experiences and pushes retailers to know who is their customer in the rise of the experience economy.

 

Today, the world is entering a new phase of globalization where digital technology is rapidly changing the nature of doing business. MarketOrders platform is adopting the technology to digitize the entire end to end supply chain of the gold jewellery industry in this new world across physical and digital commerce by bringing a centralized hub and digitising it.

 

Written by CEO & Founder, Ram Krishnna Rao

 

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How the gold jewellery industry can adopt a centralised platform strategy

 
The gold jewellery industry is a very ancient industry. It is as old as civilisation itself and its one of the few industries which haven’t been revolutionised by the use of technology…until now that is!

 
MarketOrders is on a mission to bring unity and centralisation to this fragmented industry.  And for the gold industry to become digital, they must first be bought into centralisation.

 
To understand this better, let us consider planes and passengers. For example, when there is no airport, just imagine the scenario. Planes land in any available space to land the aircraft and board the passenger and head back to the destination.

 
Now, this situation would cause havoc in the aviation industry. The passenger has to go to any landing space of aircraft NOT knowing which destination the plane will head back to. And this happens because there is no visibility of demand and supply.

 

photo credit:  https://pixabay.com/en/aircraft-landing-reach-injection-513641/

 

Now, apply this scenario of an airport or hub to that of a centralised platform. You now have total visibility of what planes are available and how many passengers want to take a flight. The passengers will have visibility of which aircraft are at which terminals. They will know what time the planes will leave and which destinations they are heading in.

 
The airport concept serves as a centralised mechanism, not just as a centralised infrastructure connecting passengers, planes and destinations but also providing retail offerings such as shops, restaurants and shopping mall experiences.

 
MarketOrders can leverage a similar system by providing a centralised hub for the gold jewellery industry. This would enable multiple participants such as manufacturers and retailers to collaborate in many ways.

 
As an initial adoption of strategy in building the first ever concentrated market via centralization, MarketOrders is using a three-pronged strategy approach. These are centralisation, creating unique IP and e-commerce. In the next blog post, we take a deep dive into this unique approach.

 

Written by CEO & Founder, Ram Krishnna Rao

 

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Why the gold jewellery industry must adopt a platform strategy

 

The gold jewellery industry is a very ancient industry. It is as old as civilisation itself when early humans would gift gold and adorn it on their bodies. From day one it has had a cultural and personal significance. And thousands of years later, it still remains an untapped and fragmented market where technology has yet to make it smark on this industry worth $175 billion dollar industry.

 

photo credit: https://pixabay.com/en/sculpture-museum-perth-gold-digger-1104196/

 
Today, this industry still operates in a highly fragmented and scattered manner. As a result, the industry must re-invent itself as a hub suited for the digital world.

 

Today in digitally dominated economies, marketplaces offer customers the opportunity to connect with one another. The Gold Jewelry industry must adopt this approach of a centralized marketplace. In a way, the marketplace is the most ancient way of trading goods. And this is also where the digital age has gravitated towards – a marketplace that is truly global in scale with thanks to technology.

 

A digitised centralised platform will act as a key advantage for sellers and buyers by allowing them to connect through a digitally initiated platform.

 

Today, digital technologies are changing the nature of globalization. The digital economy is driven by the rapid growth of a digital transformation and it’s happening at a breakneck speed.

 

photo credit: https://pixabay.com/en/bitcoin-money-virtual-market-3137984/

 

The MarketOrders platform will be an engine of innovation for gold jewellery retailers specifically and retailers in general SME’s as it will allow them to participate in international trade without the need to invest in their own technology-driven supply chain.

 

In the changing landscape, gold jewellery retailers and the entire industry needs to re-imagine and re-invent its position in centralised platforms and leverage its current strength in physical gold trade retailing to create a new digital trade.

 

 

Written by CEO & Founder, Ram Krishnna Rao