Amazon/ Shopify sellers spend $500+ and wait for a week to get a handful of product photos from the studio. ZEG is automating the entire process virtually using a proprietary 3D AI tech that enables photo/video creation (synthetic/ CGI) at 1/10th the cost and within 5 mins. No need to ship the product to a studio. Anyone can now build studio quality photos without leaving their desktop.
- Growing B2B sellers by 20% m-o-m for beta product - Pilot with Ebay worth $60,000. Post pilot, product to be rolled out to all sellers in a specific category - Ongoing pilots with agencies and B2B players for software tool
A 'bottles' search on Amazon US website will reveal over quarter million products. If we capture even 10% of the market for bottles at $500 annual subscription(10x cheaper), we have the potential of $12 M from US bottles market alone. Adobe's addressable market is $100Bn which is similar to ours.
Current customer segment split include: 30% B2B sellers, 25% 2D Creatives, 20% Games/ XR developers, 5% Photographers, and 20% others
Current Market: We are covering fast-moving consumer goods as of now (health, beauty, personal care and similar). We will move to fashion next.
Problem or Opportunity
High-quality visualisation is the number 1 reason for higher conversion in eCommerce. Amazon/ Shopify sellers spend over $500 and wait for a week to get a handful of high-quality product photos from a studio.
Solution (product or service)
ZEG has built proprietary 3D AI tech that allows just anyone to create high-quality product photos without leaving their desktop. User uploads a smartphone photo which is then converted into a 3D model (hyper-real) by ZEG which can be placed in virtual scenes (beach or mountains) to get high-quality product photo. ZEG is first to democratise 3D starting from fast-moving consumer goods segment.
ZEG is the only 3D nodelling platform that requires no experience to operate and is 95% automated using AI-first tech.
Patent-pending tech allows anyone to build a 3D model using 1-2 photos. A user can create high quality product photo in 5 mins compared to 5 hours on Autodesk/ Adobe software.
B2B Streams - Min contract for $60,000 per year B2C Stream - $500 per year annual subscription APIs for Games/XR - $12000 min per year Cost Structure: Current burn rate of $12000 per month. Runway of over a year. Margin: 75% gross margins
Saas business model for both B2B and B2C Channels: Unpaid marketing channels include forums, reddit, and Pinterest. Direct LinkedIn approach for B2B. Metrics: Revenue per month, Automation (how many products are automated), photo Quality, Active Users, Creation Rate, Publish Rate
Money will be spent on
1) 20% on Marketing/ UX/UI 2) 20% on customer sucess/ operations 3) 30% on moving to a new category - fashion and footwear 4) 15% on current product 5) 15% on large B2B sales