Photo - Yovza
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Yovza

Multi-Sided SaaS based platform for construction industry

UAE
Market: Internet and IT, Real estate, Blockchain, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 20.09.2019
Min investment
$  125.000
Total required
$ 500.000
Rating
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Idea

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.

Current Status

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.

Market

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

Competitors

Protenders.com / aconex.com / procore.com / buildup.co

Advantages or differentiators

We see our-self comfortably located between affordable and user specific, as all other solutions are mostly very expensive and company specific

Finance

By end of 5th year our yearly revenue is projected to 47 Million dollars from UAE only with net margin being 99.8 % growing 30 % every year

Business model

Subscription based + other multiple revenue streams

Money will be spent on

Funds will be majorly spent on salaries for founders / tech and sales team + infrastructure / licencing expenses

Offer for investor

We are comfortable to go up to 10 % equity of our company for 525,000 USD

Team or Management

Risks

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

Website address

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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
Photos
Product Video
Website address