57238
Tokban
Indonesia
Market: Logistics and warehouses, Building, Financial services, Other
Project stage: Operating business
Market: Logistics and warehouses, Building, Financial services, Other
Project stage: Operating business
Idea or High Level Concept
Tokban is Indonesia B2B platform for construction materials, MROs, and home renovations, connecting suppliers and builders. Our 6 months gross GMV is close to US$900k, 100 suppliers, 45 buyers onboard
Traction and Current Status
Past six months, GMV (Nov 2021 - April 2022) has been US$885k. We have over 100 suppliers to date and over 30 recurring buyers.
Problem or Opportunity
The construction materials sector is high friction in product search, inefficient ordering process, untransparent pricing & quality, and risky payment terms to new buyers.
Solution
Tokban aggregates buyers' orders into a one-stop-shop solution, delivering orders faster, and showing transparent product quality and pricing while keeping payment terms with suppliers.
Business Model, Chanells, Metrics
Our business model is based on consolidating buying power and offering payment terms to buyers and suppliers through organized lender partners. We receive rebates and bulk purchase discounts from suppliers, and we partner with retail/wholesalers to offer BNPL to their customers.
Incubation/Acceleration programs accomplishment
Accelerating Asia