Photo - Tribee
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Tribee

SaaS for increasing front-line sales employees performance

Vietnam
Market: Internet and IT, Services
Stage of the project: Operating business

Date of last change: 20.06.2021
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Idea

Tribee is a SaaS for businesses with a large number of front-line employees spread across the country. We enable businesses struggling to motivate the right employee behaviours, to increase sales performance while allowing employees to maximize their commercial benefits.

Current Status

The company has been incorporated in August 2020. Released first MVP with 15 clients in November. Rolled out the second business model in March 2021 and signed the first 2 paid enterprise customers in April and May.

Market

Tribee total addressable market is 145 million of employees in Southeast Asia.

Currently, Tribee focuses on customer-facing employees in companies based in Ho Chi Minh City. Key industries are: retail, F&B, real estate, insurance, education, etc.

Problem or Opportunity

Retail and similar businesses struggle to accelerate their sales growth. They don't have tools to reach all front-line employees spread across the location to roll out sales campaigns effectively and collect insights from the field in real time.

Solution (product or service)

Tribee platform is an employee app and management portal providing solutions in the following areas:
- Sales Campaigns & incentives
- Sales training
- Employee Recognition & Rewards
- Actionable Insights
- Online-to-Offline conversion

Competitors

The closest comparable solutions are: Xoxo day, Spiff.com, Yoobic.com

Advantages or differentiators

Tribee is the only company in the field operating in Vietnam. We differentiate ourselves by focusing on supporting sales employees and offering a price which is affordable for clients in Vietnam who have not had any tech solution in the past.

Finance

Revenue
- SaaS monthly fees per user
- Implementation consulting fees
- Commission on employee benefits sold on the platform

Current annual revenue per user is $30. We expect to expand values for the customer to reach $110 per user in the next 4 years.

Business model

- Monthly recurring revenue
- Monthly active users

Money will be spent on

Technology development and team expansion

Team or Management

Risks

-

Incubation/Acceleration programs accomplishment

Tribee has completed 500 Startups VN accelerator program - Saola in November 2020

Won the competition and other awards

Tribee was Blue Ventures Award top10 in 2020
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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