- Early StageStartup in initial stages
- Website
- Location
- Company size
- 11-50 people
- Total raised
- $100K
- Company type
- Startup
- Markets
Twyst.in careers
The Twyst App lets you order food from your favourite restaurants & bakeries and earn an attractive Cashback on every order! You can use the Cashback earned to Top up your mobile phone balance and get vouchers for shopping on all the most popular online shopping sites such as Flipkart, eBay and Amazon. Of course you can also use the Cashback to save on your food orders.
Consumers love Cashback, and we use this mechanism to encourage them to display behaviours that help us improve the overall efficiency of the Food Ordering & Delivery. A big challenge in this space is that all consumption is concentrated within a few hours in the day. By changing the rate at which cashback is earned, we encourage our users to:
- Let us know in advance that they want to order
- Increase order volumes (e.g. aggregate demand across multiple users)
- Pay Online (vs. Cash on Delivery)
Merchants can also leverage the Cashback mechanism to:
- Acquire New Customers
- Drive Frequency
- Increase Order Size etc.
Consumers love Cashback, and we use this mechanism to encourage them to display behaviours that help us improve the overall efficiency of the Food Ordering & Delivery. A big challenge in this space is that all consumption is concentrated within a few hours in the day. By changing the rate at which cashback is earned, we encourage our users to:
- Let us know in advance that they want to order
- Increase order volumes (e.g. aggregate demand across multiple users)
- Pay Online (vs. Cash on Delivery)
Merchants can also leverage the Cashback mechanism to:
- Acquire New Customers
- Drive Frequency
- Increase Order Size etc.
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Valuation
$1M
Funded over
1 round
Latest round
Aug 2015
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