Clap your hands and get a service provider at your doorstep, this tech startup idea, UrbanClap is your matchmaker

Strategist. Analyst. Creative. Engineer

Koko Ombu

So make we clap!

We do that a lot, consciously or unconsciously. While talking, gesticulating, dancing to beats, well, it’s a lifestyle.

But how about clapping your way to a service provider each time you need one?

A tough one I must say, but UrbanClap says it is possible.

UrbanClap!

What is UrbanClap?

UrbanClap is an on-demand service marketplace matchmaking clients’ to service provider that best fits their budget, date, location and timing. UrbanClap says they can make this service as easy as clapping your hands.

Startup: UrbanClap

Founded: September 2015

Founders

Varun Khaitan, Raghav Chandra, Abhiraj Bhal

Founders’ Inspiration

Founders of UrbanClap were desperate to solve a really big consumer challenge and they chose to zero in on local services as the industry has not seen real innovation in decades.

Headquarters: New Delhi,India

Vision: To use technology and smart processes to structure the highly unorganized services market in India and emerging markets. (imagined by them).

Website: http://www.urbanclap.com

The Pitch (The idea in 20 words)

UrbanClap is an application utilising technology and smart processes to help clients find the right service providers easily.

Industry

Mobile app, Data Analytics, Software

Strategy

UrbanClap is the largest proprietary mobile based services marketplace in India.

The app is designed to help prospective users find the exact service provider they are looking for.

It has a unique matchmaking algorithm which allows seamless and nearest form matching between professional services providers and clients by highlighting relatable pointers such as budget, event, location and date.

Clients receive details of five professionals that meet their stated requirements.

Over 80 service categories are offered on the platform.

UrbanClap sieves through professionals in every service category by asking for references, selecting only one out of ten applications to ensure they offer only the best services.

All listed professionals on the platform are required to pay a fee to convert client lead into real business to enable the right match.

Professionalism and customer service support is key to UrbanClap’s strategy and it has a software equipped with a chat option for users to access customer support.

The startup has a five level strategy to meeting the needs of its users;

• First level; being a marketing solution to get new customers for service providers
• Second level; being a client relationship management platform
• Third level; content sharing, online contracting and payments
• Fourth level; training the supplier
• Fifth level; providers of equipment and products used to deliver service to clients

The startup does not offer permanent services e.g. the hiring of a driver or house keeper.

The startup acquired competitor apps, Goodservice and HandyHome.

Revenue Model

UrbanClap charges a fee to service providers to convert the lead to work.

Service providers pay 20% of income from clients to UrbanClap.

Growth and Market prospects

UrbanClap receives over 5000 daily service requests with up to 50% conversion rates.

The company expanded to cities across India, including Mmbai, Bangalore and Hyderabad.

Funding

UrbanClap is funded by investors;

Seed: $1.6 million – April 2015

Series A: $10 million – June 2015

Series A: $25 million – November 2015
Venture: Undisclosed – December 2015

Debt Financing: $3.09 million – April 2017

Total Funding: $39.69 million

Investors

UrbanClap has successfully raised investment funding from some of the best venture capital institutions and individuals. Some of these investors include;

• Kunal Bahl
• Rattan Tata
• Rohit Bansal
• Saif Partners
• Accel Capital
• Trifecta Capital
• Bessemer Venture Capital

Future Strategy

The future strategy of UrbanClap is to have all services meet its strategic five level plan for customer service delivery and satisfaction.

Industry Insights

Services based industries are a dime a dozen with all kinds of service providers available to meet client needs across a large spectrum of services. Be it car repair, beauty services, wedding planning, electrical fixing or babysitting, customers want the best service possible at the best possible rates making this a market with a larger than life size possibility in search of new innovations.

Disrupts

UrbanClap is disrupting the uncoordinated services industry in India which is mostly driven by word of mouth advertising.

Opportunity for Idea Creators

This is an opportunity idea creators can take advantage of and really win.

On the look out to create more value within this industry sector way should be;

• Developers
• Data Analysts
• Database Professionals
• And any other crazy head who thinks and can, can make things happen

UrbanClap is empowering small business owners access to a genuine stream of serious clients at little costs and guaranteeing quality business services to users of its platform.

And before you go, please do all or one of these three things;

• Please leave us a comment. I will like to share in your thoughts and have a good conversation with you on this startup idea.

• Click on the icons and share on social media. Somebody somewhere may need this information to move to the next level in life and that person may just be you, receiving a shared content.

• Leave your email above. I will take you through my free starter course so you learn how to strategise for start-ups and get paid.

<?php echo do_shortcode (‘ ‘); ?>

Disclosure: This review, article or report was first posted on http://www.babeonideas.com blog in 2017. The http://www.babeonideas.com blog no longer exists. Some information may be outdated or a startup may no longer exist in the form or all of its form when it was first reviewed.

5 star hotel on a budget? This tech startup idea, OYORooms will give you a hospitality experience to remember

Strategist. Analyst. Creative. Engineer

Koko Ombu

You don’t have where to spend the night.

Your trip was impromptu.

Money to afford a 5 star hotel is not in your pocket. You can only afford one probably in the slums right now. But you know it won’t be fun. You have tried it before, broken sinks, torn mattresses, no sheets, no wifi, no TV, no way!

But does it have to be this bad?

Not if OYO Rooms can help it.

OYO Rooms!

 

What is OYO Rooms?

OYO Rooms offers guests predictability, accessibility and availability of standardised hotel experience on a budget.

It is a tech startup idea with the ability to ensure a hotel awaits you wherever you find yourself in India.

Startup: OYO Rooms

Founded: May 2013

Founders

Ritesh Agrawal

Founders’ Inspiration

Agarwal imagined an India where hotels can be a home away from home, not the usual poor standards lodgers were used to.

Headquarters: Haryana, India

Vision: To standardize and build efficiency into all forms of real estate such as budget hotels, apartments, guest houses and resorts. (imagined by them).

.

Website: http://www.oyorooms.com

The Pitch (The idea in 20 words)

OYO Rooms is a technology based hotel management application simplifying, standardising and disrupting the  Indian hospitality industry.

Industry

Hotels, Mobile app, Data analytics

 

Strategy

OYO Rooms app technology is enhanced to offer check-in, check-out, check and cash payments, corporate rates, toiletry audits through one click reconciliation.

The app utilises data analytics to highlight high demand areas while its scientific algorithm determines room prices.

The startup is offering predictability and affordability in hotel access for travellers across India.

OYO Rooms partnership hotels are co-branded to guarantee predictable room availability and room standard quality.

It standardised partner hotels by offering training to staff, refurbishing and bringing rooms up to OYO Rooms standards which includes mattresses, showers, flatscreen, wifi, breakfast, branded linen sheets and toiletries.

These standards are audited daily to maintain great customer experience across board.

The company maintains a minimum guarantee model where it pays hotels upfront for rooms and only takes the incremental revenue off the sale on each room. A model it adopted to keep its partner hotels loyal to its brand.

It acquired ZO Rooms, a low budget technology driven hotel chain which grew to 200 hotels in 11 cities within a year.

Revenue Model

Its revenue model consists of budget ranges between $19 to $25 for small rooms and $26 to $66 for medium rooms.

 

Growth and Market prospects

OYO Rooms offers over 50,000 rooms in 200 cities and targets to grow to 500,000 rooms in three years.

Funding

OYOrooms is funded by investors;

Seed: Undisclosed

Series A: Undisclosed – February 2015
Series B: Undisclosed – July 2015

Series C: $200 million – April 2016

Total Funding: $200 million

Investors

OYOrooms has successfully raised investment funding from some of the best venture capital institutions including its biggest rival, Google. These investors include;

• Softbank
• Lightspeed Ventures
• Greenoaks Capital
• Sequoia Capital
• DSG Consumer Partners

Future Strategy

The future strategy of OYO Rooms is to expand internationally, adding up to 200 townhouse hotel tending towards a more upscale strategy.

Industry Insights

The hospitality industry in India is rife with travelers, both tourists and indigenes alike as 415 million Indians, about a third of its population journey to different destinations within the country annually; the market potential is estimated at $10 billion.

However, this has created a vast amount of unsafe and unsanitary hotel models across India which has awaited revamping or quality assurance improvements.

Disrupts

OYO Rooms was blocked by online travel agencies because it disrupted business and stole a weighty chunk of its market share.

Opportunity for Idea Creators

This is an opportunity for idea creators to take advantage of and create something new and different.

On the look out to create more value within this industry sector way should be;

• Developers
• Hoteliers
• Hospitality Professionals
• And any other crazy head who thinks and can, can make things happen

Can you imagine an idea like OYO Rooms across major cities in the world? What can you do about it?

And before you go, please do all or one of these three things;

• Please leave us a comment. I will like to share in your thoughts and have a good conversation with you on this startup idea.

• Click on the icons and share on social media. Somebody somewhere may need this information to move to the next level in life and that person may just be you, receiving a shared content.

• Leave your email above. I will take you through my free starter course so you learn how to strategise for start-ups and get paid.

<?php echo do_shortcode (‘

‘); ?>

Disclosure: This review, article or report was first posted on http://www.babeonideas.com blog in 2017. The http://www.babeonideas.com blog no longer exists. Some information may be outdated or a startup may no longer exist in the form or all of its form when it was first reviewed.

What would like to eat today? Faasos, the on-demand food tech startup idea delivery genie

Strategist. Analyst. Creative. Engineer

Koko Ombu

Hungry?

Getting hungry is us!

It’s the way we can have energy to do whatever we want to do and it is one of the major reasons why we work, we, our families, need to eat.

And when it’s time to eat, we all love having great meal experiences and that’s were Faasos comes in.

What is Faasos?

Faasos is a food on-demand technology start that creates the most well prepared and deliciously packed meals and delivers them right at your door step.

By setting up various independent delivery centres dedicated to working on a particular item or dish, Faasos convenes all of these meals into its experience centres for your customised package set up and mobilizes the meal right to your doorstep.

Faasos is a mobile app based tech startup idea that wants you to stop bothering about what you will eat because it has you covered.

Startup: Faasos

Founded: 2011

Founders

Kallol Banerjee, Jaydeep Barman

Founders’ Inspiration

Anger against bad food is the inspiration for Faasos, and a love for Kolkata Kathi rolls.

Headquarters: Pune, India

Vision: To replace the refrigerator of the young Indian professional with Faasos. (imagined by them).

Website: http://www.faasos.com

The Pitch (The idea in 20 words)

Faasos is a food technology mobile app that prepares and delivers almost perfect food from its delivery centres right to your doorstep.

Industry

Food technology, Mobile app, Ecommerce

Strategy

Faasos integrated its quick service restaurant with technology by launching a mobile app for placing orders in 2014.

It is positioned as a delivery centred restaurant chain using its network of over 160 delivery centres to fulfil orders.

Faasos curates foods for its clients through commissioned kitchens to ensure it lists a wide range of variety the best local foods on its menu.

It revamped its model from a quick service restaurant to a food on-demand service allowing it reduce costs of rental and restaurant branding as it does not need to be located within high traffic and consequently more expensive locations.

By utilising data, the company selects the least repeat ordered food items on its menu and creates huge discounts on them.

It created independent fulfillment centers for respective delivery centers that make supplies to a central delivery center which then put dishes together for delivery.

The founders created the Faasos Entrepreneur in Residence programme, enabling the company leverage on the skills of 7 of the best business school students passionate about entrepreneurship to be its co-founders.

Faasos maintains uniqueness over other mobile food technology startups of being a food first company by controlling the food quality and customer experience.

Its loyalty program Faasos Elite offers priorities delivery to clients inclusive of free desserts, pay later options, birthday presents, order cash back and a chance on its Food Diaries events.

Revenue Model

Clients pay for orders on Faasos menu.

For curated meals, the company prices the product after factoring in the margins for the kitchen and cooking costs to create the final cost.

Growth and Market prospects

Faasos fulfils up to 18,000 daily orders from over 160 delivery centres in over 25 cities.

Its delivery centres break even in 6 months allowing the company increase its revenues by 400% over the past year.

Funding

Faasos is funded by investors;

Angel: Undisclosed – July 2010

Series A: $8 million – January 2011

Series B: $16 million – February 2015

Debt financing: $4 million – February 2015
Series C: $30 million – December 2015

Series C: $6.4 million – April 2017

 
Total Funding: $60.4 million

Investors

Faasos has raises funding from existing investors. These investors include;

• Sequoia Capital
• RB Investors
• Ru-net
• Lightbox
• Sudip Chakraborty

Future Strategy

Faasos looks towards enhancing its curation services as a future strategy, projecting half of its revenue coming from this service.

Industry Insights

It is fast becoming a crowded space with all kinds of food delivery services using mobile apps. However, most of these startups rely on an extensive network of already existing restaurant menu to sample meals and pull in orders. This has so far not proven to be the most sustainable model for this industry as a host of startups have taken the hit.

Disrupts

Faasos disrupts the way people approach their most essential daily sustenance, from cooking your own meals at home to going to restaurants to have a quick bite or take out, the company will serve it fresh and hot at your convenience.

Opportunity for Idea Creators

This is an opportunity for idea creators to create something unique by innovating on existing models of food technology startups. Starting from the perspective of the Faasos founder, you need terrible brilliance to continue to strategise to get scalable and sustainable results, but by and large, it is possible.

On the look out to create more value within this industry sector way should be;

• Developers
• Foodies
• Restaurant chains
• And any other crazy head who thinks and can, can make things happen

With an food app like Faasos, which is a startup not just interested in delivering you meals from restaurants, you can own catalogues of awesome food experiences because they are first passionate about the food creation experience.

And before you go, please do all or one of these three things;

• Please leave us a comment. I will like to share in your thoughts and have a good conversation with you on this startup idea.

• Click on the icons and share on social media. Somebody somewhere may need this information to move to the next level in life and that person may just be you, receiving a shared content.

• Leave your email above. I will take you through my free starter course so you learn how to strategise for start-ups and get paid.

<?php echo do_shortcode (‘

‘); ?>

Disclosure: This review, article or report was first posted on http://www.babeonideas.com blog in 2017. The http://www.babeonideas.com blog no longer exists. Some information may be outdated or a startup may no longer exist in the form or all of its form when it was first reviewed.

Never forget to show your love with a unique gift, this tech startup idea, Token will make it happen

Strategist. Analyst. Creative. Engineer

Koko Ombu

Agreed!

You mostly have hectic weeks; so much to do, yet so little time.

It’s affecting your personal life.

Your wife claims you don’t care about her anymore because you forgot about her last birthday until she reminded you.

You bought a gift but you clearly missed the mark – she loathed it.

You want to make amends but you don’t know how yet.

Until now of course, when a friend introduces you to Token.

Token!

What is Token?

Token is an application which uses artificial intelligence to find the perfect gift for your loved ones by taking cognisance of their distinctiveness and your budget to give them the most thoughtful gifts. Now, that is after reminding you that their special day is just around the corner.

Startup: Token

Founded: 2016

Founders

Jonathan Jarvis

Founders’ Inspiration

You can search for a gift tirelessly and still end up with one your loved one still hates. How about having the ability to never miss the target on your gift selections?

Headquarters: New York,New York

Vision: To ensure you never forget to send that gift to your loved one, ever again by owning your own personal gift assistant. (imagined by us).

Website: http://www.token.ai

The Pitch (The idea in 20 words)

Token is an application utilising machine learning to highlight, sell and deliver the most unique gifts to users to give to loved ones.

 

Industry

Mobile app, Artificial Intelligence, Ecommerce, Gifting

 

Strategy

• Token’s biggest strategy as an application is its first of its kind artificial intelligence positioning which enables it use machine learning to narrow gift options to get the best for a loved one.
• Users feed in tangible information about the person they wish to give a gift such as their relationship with the person, the reason for the gift, the person’s style and sentiments and also the budget earmarked for the gift.
• The app works with this information by filtering through its over 1000 brands from retail partners and thousands of products to reduce the options to the barest minimum making recommendations the user can easily make a selection from.
• These recommendations are offered for completely free.
• The startup offers end to end service by enabling users purchase the gift right from the app, while handling gift wrapping, shipping and a hand written note.
• Token ideally, reminds users to send the gift to a loved one as at when due.

Revenue Model

Token charges users a percentage based service fee for gift purchases. It also draws a commission from retailers and brands when a product is sold.

 

Growth and Market prospects

Token garnered a 30 percent conversion average at testing stage, showing great promise for an ecommerce platform.

 

Funding

Token is funded by investors;

Seed: $2.5 million – April 2017

Total Funding: $2.5 million

Investors

Token has successfully raised seed funding from venture capital firms. Some of these investors include;

• Upfront Ventures
• Slow Ventures
• Human Ventures

 

Future Strategy

As a new startup, Token still has a lot to prove with its base strategy.

Industry Insights

Consumers spend above $280 billion on gifts each year in the United States according to Itchy Brains Central, which amounts to approximately 10% of the entire $2.8 trillion retail industry. As individuals go out of their way to keep relationships with loved ones, the gift giving industry is one which would not be slowing down any time soon.

Disrupts

Token is disrupting the brand new gift giving market with its end to end services which sees it offering all services from gift sampling, recommendations, brand and retailer hosting to purchase, wrapping and delivering of the gift.

Opportunity for Idea Creators

This is an opportunity idea creators can take advantage of should they choose.

On the look out to create more value within this industry sector way should be;

• Developers
• Event and Party Planners
• And any other crazy head who thinks and can, can make things happen

Token has the power to transform the way we give gifts, no one ever has to forget that special someone with the help of a personalised AI assistant.

And before you go, please do all or one of these three things;

• Please leave us a comment. I will like to share in your thoughts and have a good conversation with you on this startup idea.

• Click on the icons and share on social media. Somebody somewhere may need this information to move to the next level in life and that person may just be you, receiving a shared content.

• Leave your email above. I will take you through my free starter course so you learn how to strategise for start-ups and get paid.

<?php echo do_shortcode (‘

‘); ?>

Disclosure: This review, article or report was first posted on http://www.babeonideas.com blog in 2017. The http://www.babeonideas.com blog no longer exists. Some information may be outdated or a startup may no longer exist in the form or all of its form when it was first reviewed.

This tech startup idea, Getaround will get your car making you money while you work, sleep or vacation.

Strategist. Analyst. Creative. Engineer

Koko Ombu

Need extra money? Your car can get it for you!

How you may ask? Should you drive a cab?

No need when you can let car rent itself even without your knowledge no matter where you are or what you are doing.

But how is this possible?

Getaround says it can help you!

What is Getaround?

Getaround is an innovative peer to peer car rental service which allows renters lease cars from owners who have no need of it at that very moment.

This tech startup idea allows users rent, unlock and drive a stranger’s car all from its mobile app and car owners can earn as much as $500 to $1000 every month.

Startup: Getaround

Founded: September 10, 2009

Founders

Jessica Scorpio, Sam Zaid, Elliot Kroo

Founders’ Inspiration

Founders of Getaround noticed how long car owners left them parked and wondered why people rarely used their expensive toys and decided to convince car owners to make extra money by leasing out their cars.

Headquarters: San Francisco, California

Vision: To positively impact a billion people (imagined by them).

Website: http://www.getaround.com

The Pitch (The idea in 20 words)

Getaround is a mobile app that connects car owners to people who wish to rent them while they are not in use.

Industry

Car sharing, Collaboration, Web platform, Mobile app, Transportation

Strategy

• Getaround is a proprietary peer to peer rental service mobile app which allows users access to a strangers car for a day.
• By signing up to the Getaround app, car owners can earn a living from other users who need their cars while they are not using it.
• Users who need cars for a specified period or number of days can use the app to search for car availability within their vicinities.
• The startup installs a device within rented vehicles which enables users unlock a car through its installed mobile app. These users can either find the car keys in the cars pouch or start the car with the app’s smart key box system which needs no car keys to start the vehicle after a code to unlock the car is provided them. This security feature is used to ward off the possibility of car theft.
• Added security features include GPS tracking, tamper detection and engine lock.
• Getaround only includes cars with less than 125,000 miles and less than 10 years old within its rental programme while guaranteeing renters of a $1000 income after 3 months.
• Getaround screens every renter while providing insurance of up to $1 million for every rental made.
• Users return vehicles with a full tank of fuel and the spot they got it from.
• Getaround partnered with Toyota to offer Lexus cars for rent to users and a way for buyers of brand new Toyota vehicles to easily pay off their leasing fees by renting out their cars when they are not using them.

Revenue Model

Getaround charges car owners $99 installation fee and a $20 monthly fee to be connected to its network.

The startup takes 40% off charges between $5 to $9 per hour to renters, who are then charged in increments of 15 minutes thereafter

 

Growth and Market prospects

Getaround has expanded across major cities within American states including San Frascisco, Washington, New Jersey, Chicago, and Virginia amongst others.

Funding

GetAround is funded by investors;

Seed: $3.4 million – September 2011

Grant: $1.73 million – December 2011

Series A: $5 million – December 2011

Series A: $13.9 million – August 2012

Series B: $24 million – November 2014

Series C: $10 million – October 2016

Series C: $45 million – April 2017

Total Funding: $103.02 million

Investors

GetAround has successfully raised investment funding from venture capital institutions, global car brands and individuals. Some of these investors include;

• Braemar Energy Ventures
• Toyota
• Collaborative fund
• Crunch fund
• Bobby Yasdani

 

Future Strategy

The future strategy of Getaround is to expand its dominance in innovative automotive technology while driving growth in existing markets and entering untapped ones.

Industry Insights

With the auto industry experiencing massive changes from disruptions to millennial preferences of non-car ownerships, a Getaround service has proved to be a disruption as well as a life saver to car manufacturers, car owners and non-car owners alike.

As car manufacturers such as General motors, Tesla, Ford and Toyota all investing in or acquiring ride sharing services, this is a phenomenon set to take centre stage in cities across the world.

Disrupts

Getaround is revolutionizing car mobility while disrupting the auto industry as it offers convenience to people who do not wish to bear the burdens that come with owning a vehicle while enabling car owners earn an income off their parked cars.

Opportunity for Idea Creators

This is an opportunity idea creators can take advantage of within their local communities.

On the look out to create more value within this industry sector way should be;

• Developers
• Collaborative and shared economy enthusiasts
• And any other crazy head who thinks and can, can make things happen

As a tech startup idea, Getaround is a forerunner in the car sharing economy offering many social and economic benefits to individuals and communities such as a reduction in traffic and air pollution while creating a new income stream for car owners.

And before you go, please do all or one of these three things;

• Please leave us a comment. I will like to share in your thoughts and have a good conversation with you on this startup idea.

• Click on the icons and share on social media. Somebody somewhere may need this information to move to the next level in life and that person may just be you, receiving a shared content.

• Leave your email above. I will take you through my free starter course so you learn how to strategise for startups and get paid.

<?php echo do_shortcode (‘

‘); ?>

Disclosure: This review, article or report was first posted on http://www.babeonideas.com blog in 2017. The http://www.babeonideas.com blog no longer exists. Some information may be outdated or a startup may no longer exist in the form or all of its form when it was first reviewed.

Need farm fresh produce daily? Tech startup idea, Farmdrop delivers Grocery at your doorstep.

By Koko Ombu

You love cooking your meals with the fresh of vegetables and organic produce.

Maybe you are vegan or maybe you are not.

You love the feeling and satisfaction that comes with knowing you eat healthy, fresh food and even better, you can afford to live this kind of lifestyle.

Though there is a price to pay for this – convenience. It’s not always the most convenient thing to do especially with your busy work schedule and family life.

But guess whose here to help?

Farmdrop.

What is Farmdrop?

Farmdrop is an online marketplace bringing convenience and access to farm fresh food, dairy products and vegetables to consumers at prices cheaper than supermarkets and malls.

With a budget you deem just right for you, Farmdrop meets you at your date, location and time to deliver your produce whenever you need it.

Startup: Farmdrop

Founded: 2012

Founders

Ned Staple, Ben Pugh

Founders’ Inspiration

Passion for fresh food produce inspired founders to start Farmdrop.

Headquarters: London,England

Vision: To find fresh farm produce for Londoners around a 5 mile radius. (imagined by us).

Website: http://www.farmdrop.com

The Pitch (The idea in 20 words)

Farmdrop is an online grocery web platform and mobile app connecting farmers, growers and producers directly to consumers.

Industry

Ecommerce, Marketplace, Web, Mobile app

Strategy

Farmdrop is an application that enables home owners click and order fresh farm produce right to their doorsteps or from a local collection point.

The platform targets the removal of retailers from the buying cycle in order to pay farmers more than what they get from grocery stores or supermarket.

The startup aims to bring affordable, highly nutritional and flavor-based locally sourced produce and ingredients to the end users.

Produce delivered by Farmdrop are sourced from within a 25 mile radius as against those sold at supermarkets which are sourced from 600 miles and beyond.

Farmdrop partners with 42 local producers and farmers to deliver produce and finished products such as fruits, vegetables, beef, port, eggs, roasted coffee, fresh tortellini, courgette flowers, scotch eggs etc.

Customers get free home delivery when they purchase goods above 25 pounds.

By enhancing its logistics efficiency, Farmdrop moves food at the lowest possible cost, ensuring producers receive a higher retail share of each sale.

Farmdrop delivers same day and next day delivery services.

 

Revenue Model

Farmdrop makes a percentage from margin placed on groceries collected from farmers from sales to end users after giving the producers 75% of the retail sale.

 

Growth and Market prospects

Farmdrop generated annual revenue of 3 million pounds this year. Among its producers are award winning organic farm, Purton House.

 

Funding

Farmdrop is funded by investors;

Seed: Undisclosed – August 2013

Crowdfunding: 750,000 Pounds – August 2014

Venture: 3 million Pounds – February 2016
Series A: 7.24 million Pounds – April 2017

Total Funding: $14.85 million

Investors

Farmdrop has successfully raised investment funding from some of the best venture capital institutions and individuals. Some of these investors include;

• Atomico
• Nigel Wray
• Jamjar Investments
• Crowdcube
• Alex Chesterman
• Jon Reynolds
• Quentin Griffiths

Future Strategy

The future strategy of Farmdrop is to expand into new cities and increase its monthly order strength.

It earmarks to utilise funding to open up new distribution hubs outside London, enhance customer service experience and deploy technology which will help clients effectively manage inventory.

 

Industry Insights

Ecommerce is melting itself into organised service provisions of all kinds of industries including online grocery shopping as families spend 50 pounds more between 2015 and 2016 than they did in previous years in the UK.

This will only increase as individuals and families opt for convenience and price over supermarkets and malls. This will enable farmers earn more and buyers purchase at more cost effective rates.

Disrupts

Farmdrop is disrupting the UK food supply chain by connecting consumers with producers and cutting out supermarkets, malls and middlemen.

Opportunity for Idea Creators

This is an opportunity idea creators can take advantage of and really win.

On the look out to create more value within this industry sector way should be;

• Famers
• Entrepreneurs
• Developers
• And any other crazy head who thinks and can, can make things happen

Farmdrop is empowering farm owners and producers by helping them earn more when and reap fast turnover for their produce by cutting off the middleman. This is a genuine tech startup idea with a real need which can be implemented across cities all over the world, connecting large scale and subsistence farmers to the end users.

And before you go, please do all or one of these three things;

• Please leave us a comment. I will like to share in your thoughts and have a good conversation with you on this startup idea.

• Click on the icons and share on social media. Somebody somewhere may need this information to move to the next level in life and that person may just be you, receiving a shared content.

• Leave your email above. I will take you through my free starter course so you learn how to strategise for start-ups and get paid.

<?php echo do_shortcode (‘

‘); ?>

Disclosure: This review, article or report was first posted on http://www.babeonideas.com blog in 2017. The http://www.babeonideas.com blog no longer exists. Some information may be outdated or a startup may no longer exist in the form or all of its form when it was first reviewed.