TOBAGO is a B2B platform for PAANWALA's, Tea stalls and small convenient stores' daily needs of goods. With our on-demand delivery service, we offer goods at a reasonable price.
Current Status
We have a running business with more than 5600 downloads of mobile applications. Approximately 500 users are active monthly. To date, we have successfully delivered more than 12000 orders.
Market
In the city, we have more than 5600 downloads of mobile applications, and we are targeting more than 15000.
Problem or Opportunity
Before TOBAGO's entry into the market, we surveyed that PAANWALAs faced many problems, such as price equity, delivery, payment, etc. Several issues have already been resolved, and we are constantly working to improve the experience for our customers.
Solution (product or service)
We have more than 500 products in our live catalogue, which is increasing daily. This allows customers to buy everything from one place at their convenient time and price. By providing secure payment options to customers, we can enhance their experience.
Competitors
At the present time, we do not face direct competition; physical stores are our indirect competitors. This competition has already been partially overcome and we are constantly improving.
Advantages or differentiators
Currently, there are no boundary barriers in place. However, we could create some barriers with the help of an experienced mentor. As a result of our 3-hour delivery service, our catalogue, and a wide range of services, we are unique and attractive.
Finance
Monthly Average revenue = $43000 (Current)
Revenue per annum = $475609 (Current)
Calculated figures after 2 years of funding:
Monthly Average revenue = $500000 approx.
Revenue per annum = $5000000 approx.
Business model
Currently, we are earning through the TOBAGO mobile application. Through our strategies such as bulk purchases, promotion of the latest products coming to the market, and express delivery, we have a well-planned structure to increase profit and sales.
Money will be spent on
Inventory, marketing, growth into new cities, and product improvements will be funded with this money.