Lokal is a marketplace that connects local suppliers with retail stores across Chile, offering access to over 2,000 unique products at wholesale prices. Retailers can test new products risk-free with a 60-day return guarantee and defer payment for up to 60 days, addressing the challenge of inventory risk and cash flow management.
Funding
$100K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Retail stores often struggle to discover and access unique, locally-sourced products at wholesale prices, hindering their ability to differentiate their offerings and meet consumer demand for local goods. Managing inventory risk and cash flow can be challenging when testing new products, limiting retailers' willingness to experiment with emerging brands.
Solution
Lokal is a marketplace that directly connects retail stores with local suppliers, providing access to over 2,000 unique products at wholesale prices. The platform enables retailers to discover and procure distinctive merchandise, enhancing their product assortment and catering to the growing demand for locally-made goods. Lokal mitigates inventory risk by offering a 60-day return guarantee on initial purchases from each brand, allowing retailers to test new products with confidence. Additionally, retailers benefit from deferred payment terms of up to 60 days, improving cash flow management and enabling them to invest in a wider range of products.
Target Audience
Lokal primarily targets retail stores in Chile seeking to source unique, locally-made products at wholesale prices, particularly those interested in minimizing inventory risk and optimizing cash flow.
Features
- Marketplace platform connecting retailers with local suppliers
- Access to over 2,000 unique products at wholesale prices
- 60-day return guarantee on first-time purchases from each brand
- Deferred payment terms of up to 60 days
- Product discovery tools to identify trending and relevant items
- Secure online ordering and payment processing