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DoQuick Travel

#1 Online Bus Booking Website In Nigeria!

Nigeria
Market: Internet and IT, Transport
Stage of the project: Prototype or product is ready

Date of last change: 31.12.2021
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- is seeking a loan
 

Idea

We have provided a fully automated integrated transport application system as solution for Nigerian travellers to easily, conveniently and safely reserve bus tickets across Nigeria states

Current Status

We have already gone live on the platform (https://doquicktravel.com/) ,
We are currently activating bulk students travellers across various higher institution on Nigeria we strongly believe this is pivotal to the exponential growth of our business

Market

According to the Nigeria communications commission, there are 99.5 million Internet data subscribers from GSM operators with 3.5 million subscribers from CDMA operators in 2020. This figure excludes subscribers from Internet service providers like SWIFTNG, SMILE, making Nigeria Africa’s biggest online market. This puts the number of Nigerians with access to the Internet around one hundred and three million. This market remains largely under utilized and will continue to grow. Statistics from the NCC indicates that the Internet accessibility and subscription will continue to grow at an average rate of 9 percent annually. This puts the Nigeria market in a veritable position to be harnessed

Problem or Opportunity

At the moment Over 70% of road transport customers are unable to purchase ticket online & less than 20% of road transport companies in Nigeria has an online ticketing application system

Solution (product or service)

Our ideal is to bridge the gap and enable customers book bus ticket with different transport company on one platform from the comfort of their homes based on budget & location from the front end and back end we are automating the smaller transport companies currently running the business manually so that in 3 yrs time we are able to convert work-in customers to online booking customer

Competitors

At the moment there's no direct competitors, customers book buses online directly from the different transport companies or they walk into the transport park to book their ticket manually

Advantages or differentiators

1. Just like flights, Everyone can now book a bus ticket in Nigeria, across every states at the comforts of their homes faster, anywhere and anytime.

2. The transport companies Get more passengers from DoQuick Online Booking, Nigeria's #1 online bus booking platform.

3. Fully automate your entire transport ticketing process from walk in customers to online booking customers on DoQuick travel to capturing your entire fleet across all terminals nation-wide for FREE!

4. Manage your entire business process, create visibility, transparency and get real time report of ticket booking from any part of the world

Business model

DoQuick travel is an aggregator for local transport companies nationwide, commuters are able to select several transport companies based on their location, budget, ect and we charge a flat fee for service charge for each ticket booked

Money will be spent on

START UP/ FIXED COST
Office Space & Furnishing $15,000.00
App & Website Builder $25,000.00
Computer hardware and Accessories $15,000.00
One Official Vehicle $12,500.00
Solar Inverter $. 2,500.00
Internet Subscription. $ 5,000.00
Legal Fees $ 8,000.00
Mobile Phones (50) $ 5,000.00
Total Cost $87,500.00

VARIABLE & OPERATIONS COST FOR MONTH (SIX MONTHS)
Publicity and Advert Cost. $3,024,630.00
Overhead Salary for130 staffs $ 590,000.00
Miscellaneous $ 200,000.00

TOTAL $3,814,630.00

SIX MONTHS START UP & OPERATIONAL COST
VARIABLE & OPERATIONS COST $ 3,814,630.00

START UP/ FIXED COST $ 87,500.00

TOTAL $3,902,130.00

Offer for investor

Offer of 20% of total company share to investors

Team or Management

Mentors & Advisors

Lead investor

Incubation/Acceleration programs accomplishment

Eridan-In-Resident Accelerator program for local startup founder

Weblink: https://www.linkedin.com/feed/update/urn:li:activity:6876162111404294144/

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Photo 1 - #1 Online Bus Booking Website In Nigeria!
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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
Presentation