Photo - Avaio Software and Technologies LLP
56080

Avaio Software and Technologies LLP

An app, using which sellers can promote their digital store

India, West Bengal
Market: Internet and IT, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 06.02.2022
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Idea

It helps buyers to get verified sellers and sellers to gain supportive buyers.

Current Status

Our idea includes two applications. One for sellers and another is for buyers and then finally merge them so as to provide sellers a genuine buyers and buyers a verified sellers in all categories. Our seller's app is ready and launched in the month of December,2021. We have kept it free as of to get feedbacks. Currently we have 10+ customers .

Market

We are at the moment targetting clients attached with e-commerce world. And in India, e-commerce will reach US$ 99 billion by 2024, growing at a 27% CAGR over 2019-24, with grocery and fashion/apparel likely to be the key drivers of incremental growth

Problem or Opportunity

With growing e-commerce activities, issue like fraud,lack of customer,lack of funds,poor marketing strategise,high commission percentage etc.
We already solved the problem of fraud,high commission percentage and lack of funds issue through seller's app. We are yet to solve marketing strategy and lack of customer problems. We will soon solve it as we will launch the buyer side app which will provide maximum engagement to sellers in a very cost effective way. And once we can provide engagement to sellers then sellers will be ready to pay as it will be a one stop solution to all their day to day problems.

Solution (product or service)

We already solved the problem of fraud,high commission percentage and lack of funds issue through seller's app. We are yet to solve marketing strategy and lack of customer problems. We will soon solve it as we will launch the buyer side app which will provide maximum engagement to sellers in a very cost effective way. And once we can provide engagement to sellers then sellers will be ready to pay as it will be a one stop solution to all their day to day problems.

Competitors

Dukaan
Digital showroom
Bikry

But if we are developing buyer's app then there is no such compitetors.

Advantages or differentiators

We are thinking of building an one stop platform where buyers will be able to take a virtual walk, watch live streaming,chat with sellers in any categories. Sellers will be able to showcase their product,have crm,can communicate,will not have to give any commission. Therefore, this our USP

Finance

We have thought of Revenue generation in two ways
I. Subscription model- Rs 350 per 50 users
II.Marketting strategy- Rs 3 per click

Money will be spent on

We need investment mainly to
i. Marketing so as to ensure maximum customers, targetting 5 million downloads in two years
ii. Hire more efficient developers
iii. Set up infrastructure so as to discuss and develop the entire product efficiently

Team or Management

Photos

Photo 1 - An app, using which sellers can promote their digital store

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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
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