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Dresos

Retail solution that delivers personalized outfits at scale

UAE
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 13.09.2022
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Idea

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.

Money will be spent on

Technology and Marketing.

Offer for investor

SAFE note with 20% discount.

Team or Management

Incubation/Acceleration programs accomplishment

We are part of the in5 Tech in Dubai from September 2020.

Won the competition and other awards

Winner of the Unicorn Pitches UAE in August 2022.

Product Video

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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