Jugnu
Jugnu accelerates cash flow by 60% with Loop
Founded in 2019, Jugnu has positioned itself as one of the leading platforms in the B2B eCommerce space intending to simplify business for SME owners in Pakistan. In just over 3 years, Jugnu has established itself as a market leader - serving over 30,000 small-scale stores with a consistent promise of one-day deliveries for inventory procurement.
Challenge for Platform Business
Operating as a two-sided platform in B2B eCommerce means managing a network of retailers and manufacturers.
With its privately owned fleet and delivery staff, Jugnu has partnered with direct manufacturers to serve a network of over 30,000 retailers across Pakistan and 18,000 Kiryana stores located in Islamabad, Karachi, and Lahore alone and – who are delivered their requested
supplies the very next day.
Seamless cash flow between the network is crucial for business operations for maintaining in-house inventories and efficient vendor payments.
Jugnu was looking to accelerate the flow of funds, especially funds received in cash, that would help them establish topnotch vendor relationships.
Powered by the financial stack built to fuel growth
Loop Machine
Jugnu digitised transactions in-house, with Loop's Cash Deposit Machines installed in all of their warehouses
Collections
Jugnu optimized cash operations with automated payment collections with Loop.
Solution
Today, Jugnu is leveraging Loop’s cash-native financial stack for platforms in all 4 of their warehouses to automate cash handling processes from the point of aggregation in real-time. Jugnu scaled up across 100% of their warehouse locations, within 15 days of their first operations with Loop. Adopting a digital-first approach to cash management has eased the access and availability of finances by accelerating the cash to digital conversion. Cash flow, from the point of aggregation to account settlements, has become seamless and transparent.
Impact
24/7 Cash Operations Continuity
Warehouse cash ops can now run 24/7 with real-time accountability and observability for a network of delivery agents.
60% faster Cash Conversion Cycle
Leveraging Loop’s end-end cash handling services has accelerated cash ops and treasury operations by over 60% day today. Quick access to finances directly reflects in improved and timely vendor payments.