More easy mobile fashion tech shopping app with AI, image search, and Avatar coordination for over 3000 shopping malls in Korea, No sales fee, item advertisement fee is main revenue model.
Current Status
Free image search shopping trial service was provided for 22 large shopping malls in Korea for 3 years. We are now preparing to develop a new 2.0 app project equipped with a full-fledged revenue model.
Market
Mobile fashion shopping field for MZ generation, It introduces fashion products for women in their 10s to 30s and connects them to shopping immediately. We provide services targeting the Korean and Indian markets.
Problem or Opportunity
Mobile fashion shopping app for teens and 30s, we provide one-stop shopping by gathering over 3000 mobile fashion shopping malls in one app place. Image search service that searches for products in 1 second with photo, and easily searches for similar products by shape, color, and pattern. Artificial intelligence product recommendation service for users, avatar fashion coordinator function, NO sales fees, product advertisement and event discount sales fees are main revenue model, convenient service and differentiated competitiveness , global expansion service available.
Solution (product or service)
One stop shopping for 3000 shopping malls. By developing an image search engine, it analyzes photos in one second and searches for images of similar products by shape, color, and pattern. Big data analysis, artificial intelligence product recommendation service for users, and fashion coordination service using my avatars.
Competitors
ZigZag is the main competitor. However, we have a competitive edge through image search and AI recommendation services.
Our image search service allows you to search for similar products in 1 second by photo. We developed our own image search engine which has a powerful image search function.
Advantages or differentiators
More than 3000 online fashion shopping malls are on our app, so user can shop all the fashion shopping malls in Korea in one place here. User can search for images with photos, and compare prices between the same products after searching. We provide customized AI recommendation service for customers.
Finance
New product advertising costs posted by retailers every day.
In addition, big data analysis information that analyzes mobile product push advertisements, customer search and purchase patterns, customer tastes and preferences, etc. is also provided to clients for a fee.
Business model
No sales fee, The main revenue models are product advertisements, event discount sales fees, and avatar fashion coordination items sales.
Money will be spent on
It will be used for new 2.0 app project development, initial operating costs, and marketing costs.
Offer for investor
Share distribution and all negotiations with investors are possible.
It takes more than 4-6 months to generate advertising revenue from the entered shopping malls.
Won the competition and other awards
Received the grand prize in the shopping field at the 2017 Korea Good App Evaluation Awards.
Awarded at the 2018 International Artificial Intelligence Contest.