Photo - Appieatz
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Appieatz

On-demand ordering & delivery service

Nigeria
Market: Logistics and warehouses, Food industry
Stage of the project: Operating business

Date of last change: 01.06.2021
Min amount of loan
$  250.000
Estimated yield
1 % a year
Show contacts
0
Total required
$ 500.000
Rating
equalizer from 1000
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Also this project:
- is looking for investment
 

Idea

Appieatz is an on demand ordering and delivery service that makes it easier for users to order affordable meals & groceries from restaurants and brands within their location and have delivered within 30 mins.

Current Status


1. Got $300,000 credits from IBM, free money!
2. Released for restaurants to receive orders called Appieatz Merchant App
3. Got featured in start-up pills best apps to follow in 2021
4. Hired an amazing developer on contract . Remote in India.
5. Risen 7000 points on crunchbase company ranking in Q1 (2021)
6. new hires last month to operations and logistics
7. new Partneships with logistics companies to optimise fast deliveries

Market

1.College students and young adults
2. Parents
3. Working Professionals

Most of the online food delivery demands come fr om the age group of 18-40 years whereby 65 % of the target market are below 35 years of age. The female seems to outnumber the number of males in this composition. The target generation are the millenials who are more internet savvy, selective , confident and impatient. A characteristic many millenials share is leading a busy on-the-go lifestyles. The most recent key to convenience is delivery. They use social and mobile media to get recommendations and make decisions about wh ere they are going to dine. They expect good quality food at reasonable prices, a departure from the super-sized, all-you-can-eat tactics that worked on previous generations. Millennials greatly value their friends’ opinions when making decisions, hence it is advisable to spend less on new marketing and capitalizing more on your existing customer base.

With an increasing number of people being productively employed in lucrative industries, they have increased their living standards and made their wallets fatter too. The target group are mainly the middle income segment who have a higher disposable income.

Problem or Opportunity

1. Existing food ordering apps all have the same chain restaurants and same pricy meals not affordable to low & middle-income earners
2. Existing competitors apps cannot usually never fulfill orders on time.
3. Existing competitors are making it hard for local restaurants with high percentage commissions on orders
4. Businesses organisations and restaurants need on-demand delivery service daily and will pay for it .

Competitors

Jumia Food
Uber Eats
Bolt Food
Glovo
Grubhub

Advantages or differentiators

Lower merchant percentage and additional logistics incentives
Faster delivery time and more delivery partners
Exclusive restaurants and food vendors
Widest variety of local cuisines
Easy to use and great user experience on both web and mobile
Additional on-demand delivery services support for restaurants and vendors
Amazing food combo promotions exclusive on Appieatz

Finance

Revenue Streams

% commission on each order received
% commissions on every dispatch
in-app adverts for vendors and merchants

Fixed cost :

Website ,Mobile App engineers, Server /Subscriptions/ Web Admin, Office / office stationery , Management Salaries. Delivery Merchandise (Bags, Shirts, facemasks) etc, Delivery Bicycles, Salaries & Wages

Variable Cost: Marketing ,Temporary Hires,Miscellaneous. sales personnel

Loan terms

60 months

Interest rate, %

1

Business model

High Level Concept
A user friendly app where users can order for pickup affordable meals, groceries, laundry and have them delivered within 30mins

Solution (product or service)

Appieatz is an on demand ordering and delivery service that makes it easier for users to order delicious affordable meals from restaurants wihin their location

Team or Management

Risks

Running out of money

Incubation/Acceleration programs accomplishment

Google startups

Won the competition and other awards


101 Best Web Apps Startups Worth A Follow In 2021

These Are The Top 101 Restaurant Startups to Follow in 2021

73 Innovative Organic Food Startups Worth A Follow In 2021

101 Innovative Mobile Apps Startups Worth A Follow In 2021

101 Of The Best Marketplace Startups To Watch Out For In 2021

Appieatz was nicknamed the " foodie app" on social media

Photos

Photo 1 - On-demand ordering & delivery service
Photo 2 - On-demand ordering & delivery service
Photo 3 - On-demand ordering & delivery service

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video