Who Are We
Zaruri Papers!
Zaruri Papers is a fast, safe and secure solution for your business needs. We offer one of the largest digital collection of business documents on the web, ranging from executive resumes, successful business bundle, predesigned powerpoint slides, to business contracts,engineering agreements and many more.
Whether you require a License Agreement, Administrative Services Agreement, Advertising Agency Agreement, Call Center And Telemarketing Agreement, or a salesperson’s contract we have all these templates. We constantly update our library with new industry-specific templates as they are available so that any requirement can be fulfilled even if it's exclusively requested by someone who has been in your shoes before.
Concept
Zaruri Papers PromiseNote And Subscriptions
Zaruri Papers is an interface that enables individuals to instantly generate a promise note for their point of sale/online transactions.
The promise note is a contract that spells out the terms between the buyer and seller in advance. It helps to reduce ambiguity and haggling, both during purchase negotiations and after the fact. Once generated, Zaruri Papers can be accessed on any device with an internet connection. This makes it convenient for buyers and sellers alike - no need to print or carry around physical copies!
Around 33% of shoppers find it convenient and easy to replace or refund products they've bought online.
Zaruri Papers provides users with a promise note generator that can be used to create records of all types of transactions. Whether you are recording product-related, service-related or cash handling transactions, Zaruri Papers makes it easy and safe for you to do so. The Interface uses GEO Fencing enabled technology and still photography to secure transactions through GPS coordinates. This helps eliminate fraud and averts risk for both parties.
Problem
Zaruri Papers PromiseNote And Subscriptions
According to the NPCI data, 67% (₹8,01,737 L Cr) of all money transferred from person to person is above ₹2000 denomination, but no clear purpose is explained for these transactions. Despite digital transformation and an increase in UPI transactions, small businesses haven't been able to take advantage other than digital payouts in e-wallets or bank accounts.
Small businesses lack the required technical proficiency or manpower to make use of tools, (Email, Text messaging, Whatsapp, or Social Media) so they either don't bother or find them too difficult and expensive. They view these as an unnecessary waste of time, which is why sales volumes remain low and growth rates are lackluster.
E-mail, Text messaging, Social media & WhatsApp have been the mode to communicate more effectively than ever before. However, they haven't changed how decision-making happens.
Use Case
Indian Retail is growing slower (@9% 2019-2030)Vs. E-commerce (31% 2019-2030). In FY19, Traditional Retail, Organized Retail and E-commerce segments accounted for 88%, 9%, and 3% of the market vs. 75%, 18% and 7% in FY21.
Solution
Zaruri Papers PromiseNote And Subscriptions
Zaruri Papers has been created with the goal to make your day-to-day transactions more efficient and easy for both customers and businesses. Consumers are empowered and businesses get help to promote commerce and increase sales.
With a plethora of features that make it stand apart from the rest, you can now store all your transactions under a single platform and get a complete view of your accounts. Essay down the options available to you before making a purchase, while storing invoices digitally ensures that you are protected against any kind of fraud.
Geolocation & Still photo capture will also help you contest discrepancies in case there are any. And finally, converting your day-to-day desired purchases into ‘promise notes’ will not only save time but will also give you peace of mind.
Why is it beneficial?
- Empowers the users to document & negotiate terms before making the purchase.
- Promise note is generated with the consent of buyer & seller. Information such as product image, live location & photo is embedded on the note.
- Digital copies helps in streamlining processes and providing a secure environment for all type of transactions. (offline/online)
- Designed to meet modern trends and user expectations.
Market Size
Unified Payments Interface
Also, this huge volume of UPI transactions amounts to Rs. 12.11 trillion. When compared with year-on-year terms, these numbers reflect a 73% growth in the volume of transactions while there is a 57% growth in the transaction value, as per the latest data released by the National Payments Corporation of India (NPCI)
Currency In Market
Cash is still king. Six years after demonetisation, the currency in circulation has jumped to a new high of Rs 30.89 lakh crore as of October 21, 2022, reflecting that cash still remains the preferred choice of payment for Indians.
UPI Nov'22 Data
UPI Nov'22 Data
₹8,01,737 Cr which is 67% of the total money transferred from Person To Person in the month of November, indicates the need for digital contracting.
UPI Value Transactions are growing at the rate of 57% YOY and it is estimated that the P2P Value for Nov'23 would be ₹13,48,594/- Cr
Opportunity
Zaruri Papers PromiseNote And Subscriptions
UPI Transaction: ₹141L. Cr
Currency in Circulation: ₹ 20L. Cr
Total Addressable Market: ₹161L. Cr
Serviceable Opportunity ₹80,000 Cr.
The Competition
Zaruri Papers PromiseNote And Subscriptions
Apart from the promise note generator, ZaruriPapers aims to be a new kind of marketplace that will allow anyone, regardless of their experience or skill set, to be able to list products and services. We believe that this can help improve the quality and accessibility of opportunities for everyone.
In the existing ecosystem, Google is the closest competitor, as they serve mobile payments and offer free listing of businesses on their search engine. They also have a strong lead in overall web traffic however, they don't serve, and leverage ordinary businesses. For example, most of the searches on Google, will lead you to ad-sponsored businesses. ZaruriPapers plans to expand its offerings beyond this old and hypocritical approach of marketing..
Ecosystem
- 381 Banks live on UPI
- ONDC
- Amazon
- Flipkart
- JioMart
Competitive Advantage
Document
- Organise all your transactions under a single platform (offline/online)
- Claim warranties and embed geo location for easy verification
- Easily upload invoices, store receipts, and warranties
- Upload documents such as service proposals, sales slips, contracts to add more value to your business
Authorize
- Promises notes for a variety of products & services
- Easy to use and user-friendly interface.
Product
Zaruri Papers PromiseNote And Subscriptions
- ZaruriPapers App helps you manage day-to-day transactions by the way of generating Promise Notes. Snap a picture of the Product, Performa invoice, or Receipt, and easily create a record of the transaction. Interact with the seller and include terms, conditions, and nature of the transaction.
- ZaruriPapers application will include your chat record, and geolocation of the seller & buyer along with a still photo of both parties before generating the final PN.
- Promise notes can be generated between more than 2 parties, so if you are buying from someone who is just the salesperson, you may request the subordinate's information and him/her in the pending notes.
- Post-closing of PN, a review given by the customer will determine the positioning and serviceability of the business.
Business Model
