The Role of Varpet startup in IT sector

Technology-based startup companies are an essential driver of global economic growth and competitiveness. The global startup economy is now valued at $3 trillion, growing by 20% over the past two years. This figure equals the GDP of not-so-small countries like Great Britain, France, or Brazil. Tech startups not only contribute to economic growth, but they are also, by and large, economic growth themselves.

In the home services field, startup platforms are gradually gaining more popularity as they offer customers convenience, efficiency, and ease of use of services. Traditional business models are becoming redundant as innovative solutions respond faster to customer demands.

Such applications have been an excellent platform for several service companies and increased their profitability. Varpet also achieved significant results with its functionality and offered services.

Varpet was founded as a "Transformation" startup that would significantly affect the economy of Armenia, becoming a startup with nationwide and international goals.

What are the advantages of Varpet?

• Saves time
• Enables you to find qualified professionals for every job
• Possibility of cash and online payment for services
• Simplified repair and maintenance process
• Using the platform, it is possible to get the desired result quickly and at an affordable price. More than 95% of the workers receive a response immediately after registering the order, and small jobs are usually completed within 2 hours after the order registration.
• Reliable and guaranteed service and quality work.

According to our research, fast-growing companies like Varpet employ 50% of the labor market. Although Varpet is not very big, it influences the economy of Armenia, which changes people's lifestyles.

Below is how Varpet promotes Armenia's economy and helps develop by applying high technologies.

1. Advanced technologies. Varpet is free from complex corporate bureaucracy, is flexible, and meets consumer demand by offering simple means of communication for faster decision-making.
2. Independence. The platform's flexibility, free schedule work, and availability of the masters allow us to offer to customers.
3. Creates new markets. Varpet aims to create new markets and, at the same time, completely transform old markets, thereby stimulating the development of the economy.
4. Increase in jobs. The digital platform allows artisans to work with a free schedule and combine more than one job without being overwhelmed.
5. Direct influence. Varpet also has a direct impact on the city's economy, as, for example, the delivery service menu.am and the online taxi service platform gg had.

Here are some of the excellences of Varpet:

1. Efficiency. Digital technologies allow you to simplify functions, and automate manual work, which leads to higher efficiency, reduces the wastage of resources, and promotes higher profitability.
2. High performance. During remote work, much attention is paid to the use of technologies and tools, thanks to which it is possible to ensure high performance during joint activities.
3. Ensuring security. Currently, in the background of the spread of cyber threats in the environment, the application can provide high security.
4. Customer-oriented strategy. Constantly updated data analysis to detect any changes in customer needs and demand.
5. Flexibility. The app continuously uses data analysis to make faster decisions and operations more efficiently. The built-in flexible system allows you to adjust or change the direction.

The impact of Varpet on the economy of Armenia

Organizations like Varpet, which use digital solutions, face challenges more quickly, thus ensuring high competition in the digital field.

Startups are a driving force, and to avoid economic stagnation, it is necessary to create a healthy competitive environment and support companies to transform. #Varpet is a force for economic growth.

As for startups, there is a common belief that they can only be created in a developed country where all the necessary resources are available. It is a very wrong idea. A #startup can be created in any country, and, for the most part, the countries with the most needs offer the most opportunities. Startups are more common in less developed, conflict-ridden countries and those new to digital business. Each of these environments offers many unsolved problems that startups can use to make a profit and impact the country's economy significantly.

#Armenia is a rising star in technology entrepreneurship and aims to become one of the next-generation leading #technology countries.