90% of the Construction is still working on old school formats, on spread sheets. Yovza, provides a value SaaS to the all four key main segment of the industry (Architects / Builders / Sub-Contractors / Material Suppliers) by introducing them to an affordable IT web based solution with the help of which they would form a strong ecosystem of exclusive construction community.
Within 50 days of version 1 being released, we got more than 120 companies registered, which forced us to stop marketing and focus on product development. Now when the MVP is ready we are looking out for funding in order to serve the post sales commitments towards the customers.
Total Available Market is 79,000 + companies worth more than 185 million dollars in recurring revenue per annum only from UAE
Problem or Opportunity
90% of the companies associated with construction industry are still working on excel formatted templates due to non availability of affordable collaborative tech solutions.
Solution (product or service)
Yovza is an affordable multi-sided subscription based organized construction marketplace bringing all the key project stake holders under a single platform helping them manage their day to day workflow saving up to 70% of their existing time and cost involved for just 80 $ a month per company
There are only 2 risks, which we can see one being the product is not at all a market fit (which in our case is minimal as we have brainstormed with more than 120 companies before starting our MVP) secondly going viral (chances of this is very substantial as we are creating exclusive construction community of the region)
Incubation/Acceleration programs accomplishment
We are yet to get support from any such programs
Won the competition and other awards
We have not yet participated for any such competitions