Idea is to have a ultimate platform which allows customers of restaurants to preview their dish in AR, place order through the app instead of calling waiter and pay immidiately through the app. The platform will allow restaurants to work more efficiently and gather stats about customers behaviour and customers will get better quality experience and better understanding of cuisine and what they want to order
Current Status
We have ready product which we are launching currently in middle east market
Market
Our product has potential to be global. But the better fit is Western Europe, Middle East and North America cause these areas have developed countries where people are using better phones. For successful work of AR technology users must have good quality phones.
As for the age we believe that almost all adults from 18 to 55 are potential users for this app
As for the restaurants it will not be a good fit for fast food chains or small coffe shops but it's good for all middle class and elite restaurants.
Problem or Opportunity
Problem is that while visiting new restaurants or trying new cuisines we may face issue with what to order and lot of times it can bring disappointment and eventually poor dining experience. Also tourists and people who dont speak local language face the same issues
Solution (product or service)
Our solution is mobile platform for restaurants which allows customers to preview and order dishes using Augmented Reality.
Competitors
There are only 2 similar projects in the world.
Kabaq- they were only showcasing dishes with no other functions, they have 11 restaurants total and we think they stopped further development
AR menu- Russian based company. They have 150 restaurants across 4 cities in Russia. They have good functions but poor UX/UI and poor quality of dishes
Advantages or differentiators
High quality of 3d models( we adding all possible effects to make dishes look realistic)
Easy to understand UI
User profile where you can rate restaurants, dishes, list your allergies
Feature to place order through the app or split the bill between group of people
Customer stats for restaurants
Finance
Our financial model is charging restaurants for
1. One time connection fee
2. Creation of 3d models
3. Putting restaurants on top of the app search
Business model
Our business model is based on connecting restaurants who pay for connection
For users platform is 100% free.
We are looking to start first in middle east countries with aim to move our business to US
Money will be spent on
We need investments mostly for marketing, to expand faster. But also we looking to hire few more developers to our team to work on new features of the app.
Offer for investor
Investments in exchange for equity. Should be discussed individually
