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. ***
• 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.
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.
