DRESOS is on a mission to redefine how people do shopping in fashion retail.
Supported by data and AI, DRESOS delivers outfits people love and makes the customer journey frictionless.
Current Status
We have over 3,000 registered users, 310 active customers, AOV of $380 and Sales of $250,000 so far. We also have consignment agreements with over 50 brands in the UAE and we hold no stock.
Market
We are focused on the UAE at the moment but the plan is GCC in the next few years and globally with our B2B (SaaS) business model.
Problem or Opportunity
Fashion retail, both physical and online has hardly any personalization, poor customer service and uses very little data and technology when offering products. We are solving 4 main problems: standardized offering, shopping hustle, styling issue and poor customer service in fashion retail.
Solution (product or service)
Dresos is an AI powered retail solution that delivers personalized outfits for any occasion without charging styling or delivery fee. We use product and customer data to deliver the perfect outfit for men and women. We are currently working with B2C business model and by 2023, we will be offering SaaS for B2B.
Competitors
Stitch Fix is a global competitor and Traditional e-commerce is current solution.
Advantages or differentiators
We have consignment business model and hold no stock. Also, we have a team experienced in building AI product and in Fashion Retail. B2B (SaaS) personalization at scale where we offer our technology to retailers/brands is something that currently doesn't exist.
Finance
Dresos makes money on margins from retailers (40% on average).
Business model
Currently B2C but expanding to B2B (SaaS) and enterprise in 2023.
We get product from retailers on consignment and charge on average 40% margin from retailers/brands and we hold no stock. We pay only for the product we sell to end consumers.
