go4grocery - startup pitch

Startup PitchCompany Name: Go4Grocery.com.my

Shopping?

Shopping?Some people like to …

Shopping?Some people don’t …

Shopping?But still it has to be done …

Shopping?For that people need MONEY!

Shopping? Money?

Shopping? Money?To earn money,

Shopping? Money?To earn money,People Study

Shopping? Money?To earn money,People Study, Work

Shopping? Money?To earn money,People Study, Work, Marry

Shopping? Money?To earn money,People Study, Work, Marryand All sort of things

But Again…

But Again…So much to do…

But Again…So much to do…And so little TIME

But Again…So much to do…And so little TIMETime is Money

But Again…So much to do…And so little TIMETime is MoneySo, let us get your groceries for you.

10 Points

1. Team2. Problem3. Mission4. Market Readiness5. Target Market

6. Business Model 7. Technology8. Competitors9. Strategic Plan Financing

Team

1. Lin MuthuLetchumi, CEO & Co-founder– Business Analyst Expert

2. Fahad Ramzan, CTO & Co-founder– Social Media, Internet Technologies, SEO and Online Sales

3. Haji Mahmud, COO & Co-founder– 15 Years of Operations and Logistics Experience

4. Lu Xiang, Marketing Director & Co-founder– Media Marketing and Internet Marketing Expert

5. Murtaza Amin, CFO & Co-founder– Finance and Accounts Expert

6. Chummar Pudussery, CIO & Co-founder– Investment Banking Expert

Problem

“Complex conditions of lifestyle leads to insufficient time to purchase household necessities in Malaysia.”• Complex Conditions– Busy work-schedules, friends & families, traffic jams and

etc.

• Insufficient time– Not enough time to spare.

• Household necessities– Things that really matter in life.

Company & Mission

• Go4Grocery is an online grocery order & delivery service fulfilling all the consumer’s grocery shopping needs as per their demands. We are “e-Tailer of grocery shopping”.

• Our mission:– To help people buy and deliver grocery, saving their time.

• Our promise:– To close the gap in between you and your grocery.

Market Readiness

Target Market

Business Model

Category: Evolutionary E-commerce Service

Product: Sign up for the service, create a shipment of the grocery you like or need and schedule regular shipments(daily/weekly/monthly).

Value Proposition: People of various backgrounds are seen to have varying needs that are to be fulfilled. Keeping this point under consideration, Go4Grocery unveils the solution to fulfill these needs with all possible sources in the location at a premium.

Business Model

• Rule of thumb.

Define -> Build -> Invest -> Repeat

Technology

• Go4Grocery aims to develop a least-cost routing and user-friendly algorithm to match “orders and deliveries”.

• Our secret inventory: “User-led Database”– more searches = more stock– most popular area = more delivery agents– real-time delivery stats via G-Maps– synchronize last purchased items– real-time trends

Competitors

• Online – Redtick.com.my– Matruncit.my– Presto.my....

all of them are relying solely on their existing inventory *only*

• Offline – Tesco– Giant– Mydin..

Time Consuming

Strategic Plan

• Managing everything out of our office/house/apartment

1. Launch

< $100k

• Outsourcing the process• Working with a warehouse• Third Party Logistics (3PL)

2. Survival$100k to $1.0m

• Leverage Up -> Use new size to bring down cost.

3. Growth$1m to $5.0m

• Decision Time -> Bringing it in-house or moving to the big boys.

4. Scaling$5m to $20m

• Building infrastructure to handle your dominant position.

5. Infrastructure> $20m+

Financing

• Raised $250K Seed round in March’13 SeedCamp

• Seeking $1.5M Series A round– Targeted Closing in next 30minutes.

Financing

• Raised $250 Seed round in March’13 SeedCamp

• Seeking $1.5M Series A round– Targeted Closing in next 30minutes.

Kidd

ing

Lah!

!!!

Financing

• Option 1– Seeking $40k @ 20% of the company.

• Option 2– Seeking $40k @ 20% of net profit earned from

each sale.

(This time we are not kidding )

Oops we’re done…

Oops we’re done…Raise your HANDS for QuestionsRaise your WALLETS to Invest