Most of the small businesses in India still rely on manual methods of staff attendance tracking. Hurestic is a mobile app that works wit proprietary IoT biometric time-clocks to show real-time attendance data.
Current Status
Multiple rounds of prototyping done. PoCs deployed.
Market
Our target customer is a 35 year old who runs their own business such as a restaurant, interior decor agency etc and needs to track the attendance of the employees across one or more (office/client) locations.
We're looking at a $1.5B ARR market in India alone.
Problem or Opportunity
Employee attendance tracking is a statutory requirement that is time-consuming and a recurring problem for most businesses in India. While most still rely on manual methods, there are a few businesses that have migrated to using biometric time clocks. The problem with these timeclocks is in extraction and cleaning of the data from these devices.
Solution (product or service)
Our IoT biometric platform allows businesses that still rely on manual attendance tracking methods a way to track their employees in real time on a webapp.
Competitors
GreytHR, ZKTeco
Advantages or differentiators
Features on hardware and software.
Finance
We charge Rs. 99 (~USD 1.5) per employee/month for attendance and payroll service which includes the cost of the hardware, SMS and push notifications for late arrivals, leave requests etc.