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gravitybi.com

HCM system that automates hiring, onboarding.

Sri Lanka
Market: Internet and IT, Information and media, Education, training, Services, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 16.02.2022
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Idea

At gravitybi.com we are helping our clients establish an automated hiring, hands-free onboarding process, and a culture of individualised working conditions.

Current Status

We have 2 clients already piloting our solution and we are at the MVP stage.

Market

We focus on the SMB market due to the challenges faced by existing players in the market due to a lack of innovation and focus.

We are back by Software Company and Digital Wing from the inception and we will keep on innovating, that will help us traverse more on the market that needs constant change.

Problem or Opportunity

Companies waste money on hiring more than spending money on salaries.

For each hire, companies spend more money than a monthly salary.

The cost of replacing an individual employee can range from one-half to two times the employee's annual salary.

Situation has worsen more and more after the Great Resignations which is changing how businesses are looking at their hiring and onboarding process.

Solution (product or service)

Our solution revolves around establishing an automated hiring process, hands-free onboarding process, and a culture of individualised working conditions.

We help organisations remain flexible at working times, workplaces, and work desk setup.

All put in the context of “At work away from work” over “The managers and the meetings”.

Competitors

Workday, UKG, PeopleStrategy, SAP SuccessFactors, Oracle HCM Cloud, ADP workforce now, CREDIAN Daily Force, Ultimate software, etc.

Above are not complete alternatives of Gravitybi.com as they tend the move on to big corporates and stop innovation along the line.

Advantages or differentiators

Gravity is designed to deepen visibility into your workforce, develop talents, source the best in the market, and optimize the operating process - objectives that are barely achievable with fundamentally obsolete legacy systems.


Our clients choose an intuitive SaaS solution over traditional systems to accomplish their unique business needs. Enterprises must evolve with the Digital Age and Gravity is here to support your digital transformation.

Enterprise-Class Human Capital Management delivered with modern saas-grade User Interface, Gravity’s core focus is the end-user experience. It's designed with a rich user interface with the right functionality geared towards a digital-ready workforce.

Engaging with your workforce Intuitively and engaging experience across the cloud gets your workforce to complete key tasks from anywhere, anytime.

A Complete Employee Life Cycle Management

With a unified system for core HR which we have built so far and talent management, Gravity gives you consistent visibility on your workforce to make decisions based on insights, not as a gut response.

Enhanced employee engagement crafts an engaging experience in the workplace with other SaaS platforms, document management, surveys, communication, and social connectivity.

Gravity is Highly decoupled but seamlessly integrates into the outside world

Our Clients Subscribe to the functionality that they require today. Add additional functional modules as you build your organization. Gravity seamlessly integrates with modern tools and is aligned with other 3rd party applications and APIs.

Gravity is built with Insight-driven architecture in mind,
Make confident business decisions with contextualized & real-time data.

Finance

We have a freemium plus subscription-based financial model where any basic startup can start using gravitybi.com free and pay only when they grow.

The average package fee is 2.5USD per seat. Corporates will have custom pricing based on their requirements.

Cost structure includes Direct Costs such as hosting and support, Indirect Costs of Research & Development, Rental & Administration, and Sales & Marketing.

In the next five years, the target for our Sales & Marketing team is to Expand the market in APAC and find new markets in EMEA and North America.

Business model

We are a SaaS app targeting service sector organisations which has high employee turnaround.

We have freemium based financial model where any basic startup can start using gravitybi.com free with max 5 users and pay only when they grow for additional users.

Our basic package is free forever with 5 users and professional and premium packages still enjoy 5 free users but pay 3USD or 2.5USD respectively for additional users up to 20 and 40 users on the ceiling maximum. Corporates will have custom pricing based on their requirements.

Money will be spent on

- Incorporate in Singapore and Sales team to get Gravity into every customer in the APAC*
- Customer success team to onboard thousands of new customer
- The marketing operations team to improve our presence on social media platforms
- Onboard Talented engineers to help build the future of Gravity

Offer for investor

Promise: Valuation at 10M USD by 2023-2024 on 10% Cumulative Equity or Exit at 15%
Next: Seed fund or VC

Team or Management

Risks

HCM apps in the market tend to move up the ladder hunting for big corporates and forgetting to innovate and we in Gravity keep on innovating and delivering an ever-evolving SMB market with Startups and Tech Companies that are on our default radar.

Incubation/Acceleration programs accomplishment

Bootstrapped since Nov 2020 to Now

Won the competition and other awards

Won 3rd place Unicorn Pitches in Nepal+Sri Lanka+Thailand Friday, February 11, 2022
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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
Product Video