Nucleus Vision Expands its Footprint Globally by Partnering with Korea’s ZOYI Corporation
A partnership to provide a personalized retail shopping experience par excellence in India, Korea, Japan, and the world.
Hyderabad, 7th December 2018: Nucleus Vision is now in partnership with ZOYI Corporation, a Korean-based retail computing company, to explore the areas of technology collaboration and strengthen online and offline customer analytics in India, Korea, and other geographies. This is being done by developing state of the art joint go-to-market strategies focusing on data analytics, machine learning, and AI programs.
The current retail market in India amounts to an approximate of 672 billion USD and is estimated to reach 1.1 trillion USD by 2020 while Korea’s market approximates at 525 billion USD. Through this partnership, Nucleus Vision and ZOYI aim to bring together technology advancements across Indian and Korean Markets for better personalization of retail shopping experience.
Speaking about the partnership, Siwon Choi, CEO, Co-founder of ZOYI, said:
He said, “The retail industries in India and South Korea have continued its momentum largely due to socio-economic developments and rising purchasing power. Our partnership with Nucleus Vision will complement our strengths and give us a geographical advantage by enhancing our network to one of the fastest growing markets in the world.”
Abhishek Pitti, Founder & CEO of Nucleus Vision, talks about the partnership:
He said, “With this partnership Nucleus Vision aims to develop customer analytic technologies to inspire a new, improved wave of retail shopping. While our vision and commitment to India is stronger than ever, our association with ZOYI Corporation presents us with a huge opportunity to tap into the South Korean market.”
About ZOYI Corporation:
Incepted in the year 2014, ZOYI Corporation is a tech startup which works towards developing customer-analytic tools for retailers to help them offer an improved, more customized shopping experience to their consumers. The company is headquartered in Korea, with operations in Korea and Japan. Its Walk Insights services over 12,000 sensors in 20 different countries. Walk Insights collects and analyzes over 300 million data points a day for our customers.
About Nucleus Vision:
Founded in 2014 at Harvard University, Nucleus Vision is an end-to-end technology solution provider that captures and provides previously inaccessible data to retailers and other “brick and mortar” businesses through blockchain and real-time sensor technology. Nucleus Vision is backed by Tim Draper, IndusAge Partners, and several other prominent industry players. Nucleus Vision has offices in San Francisco, USA, and Hyderabad, India.
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