Photo - Campeat
30094

Campeat

Campeat

The Republic of Korea
Market: Internet and IT, Food industry
Stage of the project: Operating business

Date of last change: 11.07.2018
Min investment
$  50.000
0
Total required
$ 150.000
Rating
equalizer 240 из 1000
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

Advertisement Platform for Restaurants to publish food discounts in form of ads with donation feature to boost social reputation.

Current Status

Product development and business validation stage has been finished, currently started sales and business development stage. Already gathered more than 20 partnership letter of intents.

Market

Over 651,000 Restaurants and cafes in South Korea
Over $5 billion Spent on marketing activities yearly in South Korea
Over 10 million People using food apps in South Korea

Problem or Opportunity

Restaurants aren’t taking the most out of their open hours while following lunch & dinner trends and missing out on niche customers.

Internal discount offerings haven’t been working well due to a negative customer perception.

Solution (product or service)

Advertisement Platform for Restaurants to publish food discounts in form of ads with donation features to boost social reputation.

Competitors

No direct competition.

Advantages or differentiators

1. Efficient targeted ads for niche food-lover user base
2. Cost-effective instantaneous hourly activation/deactivation of deals
3. No-commissions on transaction
4. Predictive forecasting analytics
5. Social image booster with no extra effort
6. Intermediary-less customer interaction channel

Finance

$54 - Average Monthly Subscription Fee,
3,255 - Campeat Restaurants as an Initial Share of Market (5%)
Expected $2,109,240 Revenue within 2018-2020


Business model

Freemium subscription model with 3 packages: Basic, Premium, Pro
We also charge donation fee of $0.10 to Restaurants for every transaction.

Money will be spent on

Establishment of Legal Entity in Republic of South Korea, (proof of $100,000 is required for foreigners to set up an entity)

All that amount $150,000 will be used for business development, product enhancement and employment costs.

Offer for investor

10% of ownership for 150,000$ investment amount.

Team or Management

Risks

To be late to invest :)

Incubation/Acceleration programs accomplishment

Seoul Global Startup Center

Won the competition and other awards

Seoul Global Startup Center - Access Membership.
Comments:

You need to login

5,00
1
2
3
4
5
1 voice
arrow_back
EN
more_horiz
close
visibility14
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
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
Product Video