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Build.ua

Turkey
Market: Building
Stage of the project: Operating business

Date of last change: 02.09.2022
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Idea

Change the model of interaction between participants in the construction market in the B2B. Creation of the online platform that will work on the principle of Uber in the construction market.

Current Status

The business model was tested and finalized for 4 years at a high-altitude work company.
After the introduction of this model, the annual revenue increased by 2 times
Annual revenue > $500,000
Average net profit over the last 3 years - 13.6%, (after the platform realisation planned net profit 25-30%)
Average customer acquisition cost over the past 3 years - 1.6% of annual revenue

Problem or Opportunity

1. The construction industry is very archaic, which provides huge opportunities for improving efficiency. From updating outdated processes to automating routine actions.
2. The construction market is big enough to develop it. Only in Ukraine in 2021 the volume of the market was more than $8 billion.
3. After the victory, billions of investments will come to Ukraine for restoration, and old market linkages have been destroyed, which provides unique opportunities for the rapid involvement of thousands of new users.

Solution (product or service)

The online platform that will work on the principle of UBER in the construction market gives:
1. Field with simple and clear rules of interaction
2. Tools for the convenience and time saving of users
3. Guarantees and reliability
For customers: fill out the application for construction works, get the best offer, and ready solutions for complex projects from the platform. No need to choose executors, combine or compare the offers. All processes are automatized by algorithms.
For specialists: one area for finding projects, unite the teams and clearable rating system

Business model

Model: Getting income from the commission of each project (10 - 30%).
Sales channels: Google ADS, targeted advertising, referral system, social networks
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
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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
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