Lingga Madu

  • Current company SaleStock
  • Location Indonesia
  • Industry Retail

SaleStock is an online, affordably-priced fast fashion (apparel, accessories, and cosmetics) company that focuses on 2nd and 3rd tier cities in Indonesia where access to fashion is limited and expensive. SaleStock delivers to customers’ homes and offers cash-on-delivery and an innovative concept of “try first pay later” where customers have 15 min to try on at home and send back any unwanted items with the delivery service. The company leverages AI and machine learning algorithms that scrape data from fashion blogs, Instagram, Facebook, etc. to predict trends and manage inventory. Thanks to this tech, SaleStock’s 30-day sell-through rate is over 50% higher than the industry average and products become available in a fraction of the time of average retailers.

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