Photo - TOBAGO
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TOBAGO

B2B Platform for daily needs of goods for PAANWALA

India, Gujarat
Market: Other
Stage of the project: Operating business

Date of last change: 14.10.2022
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Idea

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.

Team or Management

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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
Presentation