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BooqApp

Booking easy then ever!

Turkey
Market: Insurance, Financial services, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 20.02.2020
Min investment
$  50.000
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Total required
$ 350.000
Rating
equalizer из 1000
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Idea

BooqApp is a c2c item rental marketplace to make passive income trough items which are used occasionally.

Current Status

We complete our producxt on January 2020 and now trying to start our marketing. Currently we have 2500 User in istanbul and we are receiving rental deals every two days. We just made a partnership with HDI Insurance to secure the goods in marketplace when in Rental operation. The test ad results show us that Insurance is a must to create trust between users. we are planning to complete insurance integration on the beginning of may. this feature will incsrease our conversion rates.

Market

$15 bn Sharing Economy market value (PwC 2014)

$335 bn
Sharing Economy market value in 2025 (ac. PwC 2014)

£3500 bn
Estimated value of unused resources in the world (The People Who Share 2014)

Problem or Opportunity

70% of the wolrd population earns and low or mid level wages. and they are suffering to pay their Rents of house or credit payment, Bill or education payments. They are searching for an alternative channel to create passive income. Known passive income channels are not feasible for them

Solution (product or service)

Every one can add their items which are used occasionally to our marketplace for free and share on socail media to create more outreach

Competitors

Getidle - USA startup
Sharely - Switzerland
-Rento App - Malta Company - Poland

Advantages or differentiators

each of them are on early stage and trying to survive like us :)

we have 2 main Advantages

first one is we are completly integrated to Iyzico(Payu company) to get payments of rentals and we are holding the money to the both side approval.

second one is the insurance we are now integrating on demand insurance feature to our system. user can buy insurance to the item for only rental perion.

Business model

We ahve 3 main Model to earn money

1. To get commissions from Rentals
2. From İnsurance Service fee
3. With our "Rentificial" Product

Rentificial is a smart rental management software for rental companies. they can manage their operation from anywhere with anydevice. Also they can make free ads to BooqApp while they are using a premium account

Money will be spent on

We are planning to spend money mostly on Digital & Influence marketing.

Team or Management

Incubation/Acceleration programs accomplishment

ITU Innogate
Startup Academy Basel

Photos

Photo 1 - Booking easy then ever!
Photo 2 - Booking easy then ever!
Photo 3 - Booking easy then ever!
Photo 4 - Booking easy then ever!

Product Video

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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