In a major industry breakthrough, Mumbai-based enterprise ecommerce startup Dukaan has taken a significant step towards enhancing efficiency and profitability by implementing an advanced artificial intelligence (AI) chatbot system. This pioneering move has allowed Dukaan to replace a staggering 90% of its support staff, revolutionizing their customer support operations.
Announcing the successful integration of AI chatbots, Suumit Shah, Co-founder and CEO of Dukaan, took to Twitter to highlight the remarkable advantages gained through this transformative technology. According to Shah, the average time taken to provide an initial response has been dramatically reduced from 1 minute and 44 seconds to “INSTANT!” Furthermore, the resolution time for customer queries has experienced a remarkable decrease, plummeting from 2 hours and 13 minutes to an impressive 3 minutes and 12 seconds.
“The state of the economy has compelled startups to prioritize profitability over chasing ‘unicorn’ status, and we are no exception,” Suumit expressed in his tweet. “Customer support has long been a challenge for us, and addressing this issue presented a golden opportunity,” he added. The adoption of AI chatbots has enabled Dukaan to streamline their support operations while significantly improving response times and overall customer experiences.
Moreover, Suumit Shah also unveiled the launch of an innovative AI as a service platform called Bot9. This platform empowers businesses to leverage AI chatbots specially designed to understand their products and effectively address customer queries. Operating on the chatGPT AI technology, the Bot9 platform offers businesses the opportunity to enhance their customer support capabilities. The monthly subscription for this service is available at an affordable price of $69 and can be accessed through the official website.
Suumit Shah revealed that the concept for the Bot9 platform originated during a weekend hackathon, underscoring its potential for growth and development. However, he remains committed to Dukaan as his primary venture and is cautious about the future trajectory of Bot9. “For now, it’s just a basic MVP, and I don’t foresee its growth matching that of Midjourney. If it does show promising signs, we will explore ways to establish it as a full-fledged business,” Suumit said. He further added, “My next 20 years are committed to Dukaan, and there are no plans for a change.”
The implementation of AI chatbots at Dukaan has resulted in a significant reduction in support staff. While this move aligns with the prevailing trend of integrating AI technologies into business operations, concerns regarding job security have been raised. Just three days prior to Dukaan’s announcement, Rajeev Chandrasekhar, the Union Minister of State for Electronics, Information and Technology, dismissed fears of AI-induced job losses as baseless, comparing them to the Y2K scare of 1999.
Dukaan’s groundbreaking decision showcases the immense potential of AI in optimizing customer support operations within startups and businesses alike. As the business landscape continues to evolve, startups are increasingly embracing AI technologies to enhance efficiency and deliver exceptional customer experiences.
The comprehensive self-regulatory framework recommended for startups, comprising 63 key points from the early stages to IPO, was a significant outcome of the Startup20 summit held during India’s G20 presidency. These recommendations, put forth by renowned thinktanks in June of this year, underline the importance of establishing robust structures and practices within startups, ultimately contributing to a sustainable and thriving business ecosystem.
Dukaan, as an enterprise ecommerce startup, remains committed to providing user-friendly platforms for businesses to establish and manage their online presence. By leveraging cutting-edge technologies, Dukaan aims to empower businesses with efficient ecommerce solutions while prioritizing exceptional customer support experiences.