Dillo is a company that sets up compact convenience stores, similar to Amazon Go, in multifamily housing communities with at least 200 housing units. These stores are stocked with a variety of products and are designed to serve the local residents. Here’s how it works:

1. Partnership with Property Managers: Dillo approaches property managers of large housing complexes and proposes the setup of a convenience store within the community. This is aimed at providing an additional amenity to the residents 00:49:09.

2. Store Setup and Investment: Dillo undertakes the expense of setting up the store, which can cost around $100,000. They also handle the restocking of the store 00:50:00.

3. Revenue Sharing: Once Dillo recoups its initial investment, they share the revenue generated from the store with the property manager, providing an extra income stream for the property 00:50:06.

4. Convenience to Residents: This setup offers convenience to the residents by providing easy access to essential goods within their community, enhancing the overall living experience 00:49:23.

In summary, Dillo’s business model leverages partnerships with property managers to set up and manage in-community stores, providing convenience for residents and a new revenue stream for property managers.

For detailed information, you can refer to the timestamps: 00:49:09 to 00:50:26.