Photo - E-commerce
22903

E-commerce

Nigeria
Market: Another
Stage of the project: Idea or something is already done

Date of last change: 03.11.2017
0
Total required
$ 100.000
Rating
equalizer 95 из 1000
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Idea

An online store that will function as a retail store and a store were customers can get great deals in terms of plane tickets..home and office accessories and many other categories on the site

Current Status

The online store is being built in India but had to stop due to high rate of fx exchange in Nigeria

Market

Corporate bodies..individual consumers..government agencies and the general populace as a whole

Problem or Opportunity

An investor stands at being a shareholder in a business that's still relatively working in Nigeria and with Huge market but lacks a good online store to cater for the vast majority of online shoppers in Nigeria

Solution (product or service)

In need of an investor to bring not only financing but also ideas and skills to take the company to the forefront of E-commerce in Nigeria

Competitors

The main competitor for the company would be Jumia konga and deal dey which still can not cover the entire area of the country

Advantages or differentiators

Great profit and growth in a small space of time as most individuals now prefer to order for items online and have them delivered to there location

Finance

The foreign exchange contributed immensely to the slow take of of the project but wiv an investor,I believe that angle will be taken care of

Business model

The model is such that the site will be a store were shoppers can compare prices with other stores for different products and also find out that the stores products are the cheapest and also comes with great quality

Money will be spent on

Site development..office infrastructure logistics and payment of salaries

Offer for investor

30% share in the company

Risks

Government policies basically but other than that.Other risks can be controlled and also overcome with dedication and the right personal on ground to achieve this

Incubation/Acceleration programs accomplishment

Non for now as this is the first time looking for investors to come in and accelerate the growth of an idea
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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
Product Video