Photo - Gokaddal Technologies FZCO
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Gokaddal Technologies FZCO

Disruptive Solutions Aggregator & Marketplace Cloud Platform

UAE
Market: Internet and IT, Drones, Blockchain, Artificial Intelligence, Virtual and Augmented Reality
Stage of the project: Operating business

Date of last change: 09.07.2020
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Idea

With focus on 4A domains : AI, AUTOMATION, ANALYTICS & AUGMENTATIVE, Gokaddal is a Digital Solutions Exchange which connects all stakeholders onto a common platform, Gokaddal platform aims to provide this experience by bringing Solution Providers, Solution Seekers & Solution Integrators on one common aggregated platform.

Current Status

Gokaddal Ver 1.0 was launched in March 2020. In spite of Lockdown situation since then, we have got more than 20 solutions onboarded from 7 revenue paying customers. Also currently our customer base is around 10, with more than 50 registered but waiting for situation to be easy to place orders.

Gokaddal Ver 1.0 is completely in business now. Future enhancements planned later this year includes more features and solutions.

Market

We are a B2B platform, with two type of target customers :

1. Solution Providers: Innovative, Emerging solution providers in the areas of Smart Cities, IOT, AI, Data Analytics, Drones, Robotics, AR/VR from emerging solution hubs like India, Singapore, UAE, Europe and North America.
2. Solution Seekers: Enterprises from industry verticals like Smart Cities, Manufacturing, Retail, Healthcare, Education, Oil n Gas, Utilities and BFSI who are deploying and adopting digital solutions. Major geograophies includes Mid East, Africa, Latin America, South Asia and Eastern Europe.

Problem or Opportunity

One big challenge customers face today is availability and access to Digital Solutions. Unlike products which can be bought with a click, Solution is more complex as it involves multiple components
Providers especially new age companies and start-ups across the globe are struggling to find geographies whereas enterprises are finding it difficult to reach Right solution providers.
There is currently no such platform or exchange of such solutions neither is there any mechanism to connect such Providers and Seekers of Digital Transformation Solutions.

Gokaddal platform aims to provide this experience by bringing Solution Providers, Solution Seekers & Solution Integrators on one common aggregated platform. Gokaddal platform is first of its kind and brings 3 functionalities into one platform:
Solution Aggregation
Solution Marketplace
Solution Cloud Delivery

Solution (product or service)

Gokaddal is a Cloud Platform providing Digital Solutions Aggregation, Marketplace & Delivery functionalities for Digital Solution Providers and Integrators. Gokaddal enables Solution positioning, sales and delivery across the world thereby connecting Solution Providers, Seekers and Integrators in a common platform.

Competitors

As of now no such platform or channel exists. However our main competition will be System integrators and freelance solution developers but they will have limited geographical scope

Advantages or differentiators

First mover advantage and access to large ecosystem of Solution Providers is our key USP. Providing a common, integrated platform for Solution Sourcing, Deployment and Management is a key differentiation. As there is no similar platform today, we clearly have an advantage over coming competition. Another key advantage will be that we come from “been there, done that” approach. Have made my hands dirty in these tech areas and this understanding helps in brining right solution to right seeker.

Finance

GOKADDAL Business model is around 3 major focus areas:
1. Subscription model with 3 tier subscription offering
2. Revenue Share model with x% of revenue retained from Digital Solutions sourced via our platform
3. XaaS for feasible solutions delivered via our cloud platform

Cost includes COGS, Customer Acquisition and Operations.

Approx average Revenue ticket size per customer is USD 2000-3000 per year.
Approx average Cost per Deal is USD 1000.

5 year projections with current and future market size is approx USD 10 Mn. Detailed plan is available on request.

Business model

GOKADDAL Business model is around 3 major focus areas:
1. Subscription model with 3 tier subscription offering
2. Revenue Share model with x% of revenue retained from Digital Solutions sourced via our platform
3. XaaS for feasible solutions delivered via our cloud platform

Sales channels :
- Direct
- Online
- Alliances with Startup hubs and Industry forums
- Corporate partners

We will have 3 GTM focus :
1. Select locations will have Sales and BD resources (starting with India, MENA and Latin region
2. Online Marketing – being a cloud company, we will use online resources and sales channel to maximise reach
3. Partner ecosystem : Industry forums (eg Startup India program, Smart Cities Council)

Money will be spent on

Funds will be spent as below :

- 30% on Product Development and enhancement
- 20% in Customer Acquisition (Marketing and BD)
- 25% Resources and Skills
- 15% Expansion
- 10% Exigency for above areas

Offer for investor

10% for USD 150000

Team or Management

Risks

Not much as World is moving to more Digital Adoption especially post Covid, however some risk in terms of large competitor emerging and/or country specific regulation might be there.

Incubation/Acceleration programs accomplishment

NIL

Won the competition and other awards

Selected by NASSCOM, India's largest IT body for its Startup program
Selected by Dubai Startup Hub, managed by Dubai Chamber of Commerce for its Emerging Startup initiative

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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