AladdinB2B helps buyers to find the ideal supplier, and help suppliers to find the ideal buyers anywhere in the world! By matching them through technology, help them to meet each other, request and provide quotation, close the deal, secure the payment transaction via Aladdin pay, and even provide other trade activities such as find the best shipping options, and inspections providers.
The first version of the product is in sales.
We manage to sell it to over 22 clients, 7 out of them are major exhibitions. in the first 16 months we sold $334,468.
Most of our clients are in the UAE, and the last few months we manage to sell our technology to exhibitions outside UAE, we are receiving many requests but we decided to spend the first two quarter of this year to released the second version and to well defined our SaaS system and remove all the bugs and errors to avoid losing clients. We are now managing to keep 90% of our clients with 10% churn.
Currently the ready system is Aladdin SaaS which is the technology we rent to exhibitions and conferences, we sell it for an average of USD10K for the 3 days event. and we have won exhibitions where they paid us USD50k for 3 days event, and they love it :-).
Currently we are releasing Aladdin Trade Portal which we will target companies, we have the mock ups and the mind map of the system with little fund we can lunch Aladdin Trade Portal this year and we have clients lined up waiting for it. specially these companies who used the app during the exhibitions Aladdin Trade Portal will also run virtual specialized trade exhibitions replicating all the preparations of real exhibitions which we understand it well (Invitations to attend, virtual exhibitors, sponsors, meetings, RFQs etc.) for 3 days.
1- The 30,000 major exhibitions in the world (well define and we have a list of them :-)) we run a test outreach campaign and out of 100 we can close 2 immediately and 6-8 within 12 months as per their exhibitions date and budget cycle.
2- The B2B industry, mainly manufacturers and traders.
Problem or Opportunity
The exhibition and event industry is worth over $109 billion each year. Yet most exhibitors and visitors don’t see a return on their investment… ROI is the major challenge facing the exhibitions industry, and we have a solution that may distract this industry and build the first Exhibitions Unicorn using technology.
Solution (product or service)
AladdinB2B helps event organizers give their customers - the exhibitors - a better return on their investment than rival events.
We do this by better matching offline sellers to buyers than anyone else. This is due to our cutting-edge online technology and our unprecedented knowledge of the MEA B2B market.
and the next version of Aladdin will provide the most important benefit that exhibitions provide, meeting people, find partners, suppliers or clients. with lower cost, detailed profiles of who os your counter part and tools to help you secure and complete your trade.
Direct Competitors Ariba - SAP, Presdo match
Indirect: Cevent, Alibaba.
Advantages or differentiators
We combine events management + 360 trade activities in one cycle We focus in the middle east and have accumulated 200k B2B detailed profiles in the MENA Our Team is expert in exhibitions
We have a price list here: https://aladdinb2b.com/#pricing-packages
We are expecting to generate USD1.6 in 2020 giving we raised this round of fund, and grow 2X per year, giving we are a SaaS model and we will retains 80-90% of our clients. So in 5 years we hit USD25 million within 5 years.
Our business model is a SaaS subscription model, paid yearly.
Money will be spent on
Hiring the best team, Sales & Marketing
Offer for investor
I have spoke only to 5 investors since 500 startup invested in us. 2 of them are interested in this round.