Photo - Boxit
52314

Boxit

The New Era of Package Delivery

Brazil
Market: Logistics and warehouses
Stage of the project: Operating business

Date of last change: 22.05.2021
Go to the owner's profile
2
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

Through our Smart Locker Network we are transforming last mile delivery in LATAM. Reducing cost and time of how packages are delivered in order for logistic capacity to meet e-commerce growth.

Also providing through this same network a bridge between offline (cash and unbanked population 400 Million Latins) to the online world (e-commerce) through our "Boxit Paycash System" where orders can be processed online and payed physically directly on our platforms.

Current Status

We are at a series A stage.

We are currently operating in two countries: Brasil and Panama

Panama market is focused on a b2c market for R&D purposes with more than 6000 active customers. Here is where we test our technology as it is a smaller market and also where most of our software and hardware development is done.

Brasil Market (B2B & B2G) is our biggest market with a plan of 12 thousand smart lockers. We are tech providers with our smart lockers to the Brasilian goverment throught their "Correos de Brasil" which is the national post office.

We are also working with private companies such as Azul Cargo (part of Jet Blue airlines), Nestle, Pao de Azucar supermarkets, PharmaDelivery and more.

Market

Our customer changes fr om industry to industry as we serve and are able to manage most of the physical goods that are sold online.

Online sales are estimated to be a whooping 22% of all retail sales by 2023.

Just with our "Boxit Paycash System" wh ere unbanked population can now participate directly on e-commerce by for example going on their smart phones and buying online (then paying directly with cash in our Boxits) which then processes the order on the online world, we are talking about 400 Millions latins that have no access to credit cards which is the #1 method of buying online.


Also the specific Smart Locker industry is a 7.2 Billion dollar industry and for the LATAM market it is still really new with huge upside potential for those who are first movers.


Problem or Opportunity

E-commerce is growing YOY at about 19%, but so are the costs of logistic at about 15%. This tendency is not sustainable as the margins for online retailers and logistic companies are being punished because of the new demands clients have regarding price and time on the delivery of goods.

Reason why markets such as Europe and Asia are solving this crisis through the implementation of new technologies (Smart Lockers)

Solution (product or service)

We are creating the biggest network of smart lockers in LATAM with our own inhouse technology developed to solve specific problems for this region.

Logistics is a complex industry and even more now that it is at the center stage because of the accelerated growth of e-commerce. Being able to keep up with consumer´s demand: fast home delivery, but while still being price sensitive. So however solves this problem best will have a competitive advantage over their competitors within the e-com space.

Through our smart lockers there are no more failed deliveries, 10x times more capability to deliver packages when compared to traditional ways and the possibility of including unbanked population in participating directly on e-commerce through our "Boxit Paycash System"

Competitors

The biggest smart locker company in the world "INPOST" is a public company valued at 11.55 Billion. They operate in the european Market.

As of competitors in the LATAM market, we are one of the few companies that are head starting the expansion and adoption of this technology for this region.

Others being:
-Meu Locker (LATAM)
- Clique Retire (LATAM)
- Nexus (USA)
- Luxor One (USA)
- Parcel Peding (USA)

Advantages or differentiators

Propietary technology as of software and hardware allows us to create specific solutions for the LATAM region.

- High percentages of unbanked population that will benefit from our "Boxit Paycash System"
- Due to 10-12% of failed deliveries in the region and up to 40% orders from some retailers experiencing returned packages, we created also a flawless reverse logistic process through our network.

Finance

Our main revenue stream is B2B fixed rental fee for each full platform.

You have 2 options, which are:
- Full Locker 33 doors ($950)
- Lite Locker 16 doors ($650)

Also we have a transactional fee where we charge for individual door rental at ($1) for each door for 48 hours of package deposit time limit. Additionally we retain a 1-2% per transaction when they use our integrated payment options (Cash, Credit / Debit card, digital wallet)

Our projected sales are the following from this date on towards year 5:
Year 1: 2.13 MM (630 Active Platforms)
Year 2: 11.08MM (2800 Active Platforms)
Year 3: 40.23 MM (6564 Active Platforms)
Year 4: 76.19 MM (10,398 Active Platforms)
Year 5: 122.32 MM (14,754 Active Platforms)

Business model

Our business model is based on a B2B & B2G structure, aiming of being provider for any type of delivery system or logistic partner. We are courier agnostic, so this allows our platform to integrate to small, medium or large companies that are selling online.

Money will be spent on

Continue to do R&D
Operation cost & Expansion to Mexico
Capex Investment for our network

Offer for investor

We are looking for 4Million dollar investment for 15% of the company.

Team or Management

Risks

Biggest risk is a combination of funding and when do we receive it, combined with our initial asset intensive investment because of hardware.

We have thought about it before hand, that is why we have secured some financing and creditors institutions that work especifically with hardware.

Incubation/Acceleration programs accomplishment

Google Launchpad Accelerator (Monterrey, Mexico)

Won the competition and other awards

Startup Me Up Awards
Innovation Latam (2019)
- 4th place (Global amongst 1700 startups)
- 1st Place (Retail Tech)

Photos

Photo 1 - The New Era of Package Delivery

Product Video

4,00
1
2
3
4
5
2 voices
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility1084
star0
Add to favorites
Delete from favorites
share
close
thumb_up1
Like
Unlike
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
Presentation