Photo - Online Shopping
35935

Online Shopping

UAE
Market: Trade
Stage of the project: Operating business

Date of last change: 12.02.2019
Min investment
$  50.000
Total required
$ 500.000
Rating
equalizer 170 из 1000
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Idea

Ecommerce marketplace with AI and Location Based Shopping

Current Status

We are looking to raise funds for our e-commerce startup and we are doing GMV of $50000 per month.

Market

• Ecommerce in UAE is expected to reach to US$ 10 Billion by 2018.*
• UAE has highest mobile penetration in Arab region with 228.3 phones per 100 person.**
• 8.4 Million internet users in UAE. ***

* http://www.dubaichamber.com/alibaba/news2 **https://www.tra.gov.ae/en/open-data/latest-statistics.aspx ***https://www.itu.int/en/ITU-D/Statistics/Pages/stat/default.aspx

Problem or Opportunity

• Price is an important concern for customers while shopping.
• Malls do not provide options to see prices from different shops at one place.
• Quick Deliveries are not available with current online shopping websites in region.

Solution (product or service)

• Sellers compete on marketplace to list products on lowest price and benefit goes to users.
• Customers empowered to search through larger number of products in few clicks.
• Move with Jebelz is location based online shopping for top selling items. Imagine customers receiving orders in 60 to 120 minutes.

Competitors

- Souq.com (Acquired by Amazon) - Noon.com
- Wadi.com
- Namshi.com

Advantages or differentiators

Move with Jebelz is location based online shopping for top selling items. Imagine customers receiving orders in 60 to 120 minutes.

Usage of AI to improve existing e-commerce processes.

On-boarding Chinese, Indian and USA based sellers to make international brands available locally.

Finance

2019

GMV = $ 6M

Operating Margin = $600K

Operating Cost = $ 800K

EBITDA = - $200K

2020

GMV = $ 12M

Operating Margin = $1.2M

Operating Cost = $1M

EBITDA = - $ 200K

2021

GMV = $ 30M

Operating Margin = $ 4M

Operating Cost = $ 1.8M

EBITDA = - $ 2.2M


Business model

• Commission from 4% to 24% for each item sold.
• In Pipeline :
- Ads for sellers to get top position display. - Brands official stores.
- Paid membership for customers to avail premium features.

Money will be spent on

$500K is required to scale up Jebelz.com in region.
Raised fund would be deployed for aggressive marketing, onboarding key talent & technology enhancement.
GMV of $6 Million would be clocked in 9 months to 1 year.
21600+ Customers would be acquired using this fund.

Offer for investor

2% equity for $50K

Team or Management

Risks

Existing players such as Souq.com(Amazon) and Noon.com

Category specific websites such as mumzworld.com and sporter.com

Incubation/Acceleration programs accomplishment

Incorporated in Dubai Technology Entrepreneur Centre(DTEC)

Active member of AI Venture Labs, AREA2071

Won the competition and other awards

We are looking to secure our first trophy soon and yes we are winning price comparison competition on online websites.

https://ae.pricena.com/en/product/apple-iphone-xr-price-in-dubai-uae?ref=quicklinks

Website address

5,00
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address