Phubber is a digital marketplace that connects people who
want to buy & sell clothes and accessories. This is a platform
where you can discover Georgian designers collections,
Vintage pieces, Mass-market brands outlets, Authentic
Brands and Pre-loved items.
Current Status
Live for 8 months already.
Market
Only in Georgia 200 000 registered users. Globally we plan to expand in Ukraine, Belarus, Azerbaijan, Armenia, Turkey, Eastern-Europe and Central Asia where target is 25 000 000 registered users.
Problem or Opportunity
Expand in our region, starting from Ukraine, Azerbaijan, Kazakhstan.
Solution (product or service)
People do not wear more than 80% of their Clothes Globally. So the question is why so many fashion items should be unused? Phubber Connects Sellers & Buyers of Fashion.
Competitors
Our competitors are The Real Real, Thred Up, Poshmark, Depop, Vestiaire Collective.
Advantages or differentiators
Our advantage is free delivery, free authentication and quality control on every single item and our close relationship with our community. Day to day updates about customers experience and feedback to improve application and service as well.
Finance
We earn on fees, 20% from each sale. Only in Georgia Annual GMV will be $1,5M, $300 000 Annual Fee Revenues. Globally Annual GMV will be $500 000 000, Fee Revenues $115 000 000, Profit $35 000 000.
Business model
When the item is sold on Phubber, we bring it from seller for free, make authentication and quality control of every single item, then package it with heart and deliver it to the new owner for free.
Money will be spent on
On Application Development, Marketing and expand in the region.
Offer for investor
On Application Development, Marketing and expand in the region.
Georgian political instability, Loss of key staff, because the business model is more service oriented, Sustainable financial backing, Newcomer competitors, Loss of delivery service partners.
Incubation/Acceleration programs accomplishment
Acceleration Program is US MAC Center - Silicon Valley.
Won the competition and other awards
Winner of GITA Grant 100 000 gel. Became one of the favorites of USAID for acceleration in Silicon Valley.