Photo - Yovza.com
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Yovza.com

Digital Workplace for Construction

UAE
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 15.01.2020
Min investment
$  30.000
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Total required
$ 100.000
Rating
equalizer из 1000
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Idea

An Ecosystem of Construction Companies helping them take their operations complete paperless

Current Status

Product Market Fit

Market

All key four Segments from Engineering Consultants (Architects) to Main-Contractors (Builders), from Sub-Contractors to Material Suppliers, Total UAE market size of worth 200 Million US $ every year. We aim to capture 10 % of MENA market in next 8 years

Problem or Opportunity

95% of the Companies associated within construction Industry still use excel templates to manage their construction projects offline.

Solution (product or service)

We are digitizing the entire operational workflow connecting businesses across the segments saving up to 70% of their presently involved time and indirect costs.

Competitors

esub.com / fieldwire.com / procore.com / dubuild.co

Advantages or differentiators

Founder having more than 10 years of diversified construction experience from the region. The team having more than 50 years of collaborative experience having in depth knowledge about the customers. Have iterated the entire business process for more than 12 months

Finance

we are selling our product at a cost of 80$ a month / company and expected to reach a annual turn over above 50 Million in next 5 Years with more than 80 % as profits

Business model

SaaS based business model to start with but later will have multiple stream of revenues

Money will be spent on

Building Core Team (Sales & Marketing) + Infrastructure + Marketing

Offer for investor

5 % of Company Equity, We would be rising approximately 10 million $ starting from November 2020

Team or Management

Risks

Idea can be copied and developed to mitigate this we need to be a fast mover in term of expansion in both vertical and horizontal directions

Incubation/Acceleration programs accomplishment

Sheraa.ae / Infive.ae

Won the competition and other awards

Grants of USD 10,000 from Sheraa.ae
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