Photo - Return Genie
play_arrow
View
53943

Return Genie

Singapore
Market: Logistics and warehouses, Insurance
Stage of the project: Prototype or product is ready

Date of last change: 08.09.2021
Go to the owner's profile
3
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

Return Genie partners with Online Brands and e-tailers to provide hassle-free returns and instant refunds to consumers. We have a unique combination of retrogistics and insurtech to provide the best

Current Status

Merchants
We have 3 LOI's thus far and and looking to onboard 2 of these merchants by 2nd week of September

Insurance
MSIG is onboarded as the insurance provider

Logistics
3 conversations with logistics providers with 1 LOI in place.

Problem or Opportunity

Online Brands do not have convenient Return Options for the consumers. The cannot offer instant refund nor multiple drop-off or pick up options unlike the Top E-commerce players like Amazon or Lazada. The smaller brands (both online or brick n mortar) cant turn returns into a revenue source.

Solution (product or service)

Return Genie offers Instant Refunds for Online Purchases for Consumers whilst managing the return risk for Merchants using an Insurtech solution.

Business model

its a B2B model. We charge the merchants per item sold or % of GMV and handle all of their returns. This includes customer upsell / cross-sell and offers that would result in higher conversions or retention for the merchants.

Incubation/Acceleration programs accomplishment

Antler Singapore
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility430
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
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