Buyer of the internet shop choses location nearby for his order to be delivered and stored - It can be one of over 10.000 shops, drugstores, gas stations that are connected to the platform
Order is delivered to chosen location
Delivery is made using retail chain logistics and warehouses. Platform generates bar codes for parcel to be processed automatically
Buyer receives his order from the cashier of nearby shop, drug store or gas station
By lowest price of delivery available on the market as retail chains earn mostly on traffic
Current Status
First Sales
Market
In the US, eCommerce grew by 14.2% in 2018, reaching US$517.4 billion
Europe: revenue in the eCommerce market amounts to US$345 billion in 2019
The Indian eCommerce market is expected to grow form US$48.5 billion as of 2018 to US$200 billion by 2026
Russia US$35.1 billion in 2019 up to US$70 billion in 2023
Problem or Opportunity
Online stores (especially small and medium ones) get access to a big coverage of pick up points with cheapest last mile solution
Retail chain gets extra paying traffic
Clients can pick up their orders in the next door grocery shop, gas station etc. at cash deck while shopping
Solution (product or service)
Platform that makes retail chains - pick up points and logistics for online stores
Competitors
Home delivery
Automatic post offices
Pick-points
Advantages or differentiators
Lowest price
Finance
in 1 year $4.5 mln
in 3 years $100 mln
In US, EU, Russia and India
Business model
Aggregator with 30 cents per order commission
Commission revenue for each transactions when order is paid on delivery 1%