An e-commerce marketplace platform - where buyers can browse local shops around them and buy products delivered to their doorsteps
This Subconsciously, solves buyer's trust towards Online shopping thus pushing the 8% adaption towards 20% global standards, especially strong potential in Tier-II geographies
Our fundamental model itself gives great USPs like
1. Known Trusted Shops around you
2. Shorted Delivery time than current Horizontal ecommerce players
3. One app - buy anything & everything
And added innovative solution to tackle "lack of touch and feel"
1. Home Demo for fashion & footwear for men, women & kids
Technical Products:
Buyer Application (Flutter ) - Android App, iOS App, Mobile Web, Desktop Web
Seller Application (Native Android)
Services:
Logistics & Delivery
Customer Support
Digital Payments
Home Demo
Shopiful.in is just temporary landing page, the actual full site is deployed in a separate Domain for confidentiality purposes. Links, access (including testflight) & full product demo will be shared after first meeting.
Startup Description
Ecosystem of local sellers & Buyers with the help of tech & logistic support.
More like Swiggy, where instead of browsing dishes, you browse restaurants, here instead of food & restaurants, it's about products & shops where you browse through popular shops near you across multiple categories
2+ Years long Tech product development completed. Now, we're preparing to raising Seed fund to gear up for Launch at our First region.
Business Model
Business model is commission from retailer which would be a fair fraction from his/her profit margin. On Unit level, We would break even from 3% market share of online commerce in that region. For Quick Understanding on Region economics, on 5% market share in 1 region (for e.g. 750 Orders per day in Hosur city) will cost me 8.5L per month and revenue would be 12.5L (breakeven at 3%) whereas when market share grow to 25%, expense would grow to smaller proportion to 15L but revenue would exponentially grow to monthly 62L, booking profit of 45L (75% margin). Number of regions and market share in each region is directly proportional to money we make. On Larger scale, with SOM of 8B$ by 2030, Revenue potential would be 0.36B$
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2B, B2C
Competitors
Only Direct Competitor is LoveLocal (not a unicorn), and that too we're not worried as they restricted themselves on FMCG category (not Horizontal like us) and they focus on Seller for monetization model, where we disagree and focus on customers & orders to directly proportional growth of our business. Also they are currently serving in North India, whereas we're starting from South.
Incase of indirect competitors, (whose business model is different, but server to my customers) then even Amazon & Flipkart fall under that category.
Large TAM. Extensive Qualitative research on online, offline buyers & sellers led to exhaustive list of problems in Ecom space & then it was easier to derive value propositions, thus founding shopiful
Are all the founders full-time on this
project?
Yes
Looking for an
opportunity to invest in companies
like Shopiful?
