Hyd startup unveils world's first smart calculator
Tohands Smart Calculator will ease shopkeeper’s accounting burden and makes the conventional calculator redundant
Hyderabad: Tohands Pvt Ltd, a city-based startup, has introduced the world's first smart calculator device Tohands Smart Calculator. At a price of Rs 2,999, this easy to use device provides smart transaction tallying solutions for small and medium businesses (SMBs). It helps the SMBs to track their in-store transactions in a specific period through Tohands App on the mobile.
The intelligent calculator spares the shopkeeper the hassle of jotting down all the income and expenses made during the day and presents an updated statement at the click of a button. The app, which comes with the device, is freemium and users can access the data of the last 90 days from it and download a few reports. A monthly subscription starting at Rs 99 enables data access and download of reports.
Tohands is supported by Startup India Seed fund and T-hub for developing the Smart Calculator and has raised through them Rs 50 lakhs till date. The new device was formally launched by the Chief Guest Jayesh Ranjan, Secretary, IT, Government of Telangana at T- Hub Phase 2 here on Monday. M Srinivas Rao, CEO of T-Hub and Shanta Thoutam, CIO of TSIC also graced the occasion.
On the occasion, Jayesh Ranjan said: "We know that the pace of digitalisation is enormous but we don't associate MSMEs owners, small traders as being very conversant with digital world. In fact these could be the last people to get into the digital bandwagon. Tohands Smart Calculator has potential of doing the basic accounting which a small trader or a SMB company owner will be at ease with."
"From pricing point, it is very competitive. Happy that T-Hub startups are solving real world problems in a focused manner. While ideas of this kind are getting seeded in the T-Hub and the other incubators and accelerators that we have in the city, but it's just a matter of couple of months when T-Works will soon be the centre which will provide lot of encouragement for people who are into hardware," he added. Tohands Smart Calculator initiative was led by four young innovators – Praveen Mishra, Founder Chief Everything Officer; Satyam Sahu, All Things Tech; Shanmugha Vadivel, Chief Hardware Officer and Arvind Subramanian, All Things Growth. They have visited SMBs and conducted a study, which indicates that 91 per cent of the small and unorganised shopkeepers in India tend to use pen and paper for bookkeeping. "Using an app to record every transaction is time consuming and distracts attention from the customer. Our Tohands Smart Calculator precisely addresses these day to day challenges. It records every transaction on the mobile app in real time and the shopkeeper can access it at his convenience, thus helping him to place his thrust on customer servicing and win their loyalty," says Praveen Mishra.
He further said, "The Smart Calculator brings in the much needed transparency in bookkeeping among SMBs, while recording and displaying accurate income and expenses details at any point of time. This device with a convenient alpha numeric keyboard lasts for three days on a power recharge. It has an internal memory to record up to five lakh transactions."