22386

BuzzMe

India
Market: Internet and IT, Information and media, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 10/13/2017
Min amount of loan
$  5.000
Estimated yield
10 % a year
0
Total required
$ 100.000
Rating
equalizer 155 from 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
Also this project:
- is looking for investment

Idea

BuzzMe is a mobile app targeting any smart phone user in India and later on other geographical location.

Current Status

Prototype of the project is ready.

Market

We are targeting age group for 16 - 55 those who use smartphones. Total smartphone users we have currently in India are more than 299.24 million and expected to be growing 442.5 million by 2022. So we are expecting with smartphone adoption by next gen will boost the usage of our app.

Problem or Opportunity

BuzzMe app is create targeting the any smartphone user in India today. Problem of any individual is to get best deal for his every single buy and also keep a track of this spending and savings. BuzzMe app cater this requirement in a single window saving time and money for an individual user.

Competitors

There is no single player who is offering these wide range of services in a single box. We have players which offer partial and specific services based on their domains. BuzzMe on the other side acceleration the sales of those players redirecting the customers to them for commission.

Advantages or differentiators

We are into in-disputed business are we are just working as mid-tier for all the services offering and helping end user to get the best deal for every single penny spent from his/her pocket. We will be having RBI compliance in place form money transactions as we will be holding the money in our wallet too.

Finance

Our services will be charge based on individual transaction. So more the user using this app more revenue we can expect. Services offers as based on commission ranging from 0.5% - 15% for different service providers and brands.
for 2 million user base we can expect a revenue of approx $30,000 per month within 4-6 moths of time with aggressive marketing plan and roll up a bigger user base gradually.

Loan terms

36 months

Interest rate, %

10

Business model

Our business model will be acting as a middleman between buyers and sellers online and facilitates the sale of best deal,offers and promotions and goods between the two parties through its extensive network of websites. For our service we will be charging the commission from seller for providing the maximum numbers of transactions completing. On the other side we will be monetize using adds from googlem, bing and other such ad publisher in the market today.

Solution (product or service)

Every individual struggle to save money even there a thousands if deals and offers provided by different brands and services providers ( banks, e-commerce , home service ,utility payments, tax , hotels and so on ).. saving is virtual and user does not see it anyways.. We resolve this issue with transparency in their spent and savings.

Risks

We have risks if players which are already in the market with 65% of our same business model might adopt our 35% which is unique then we will have big time challenge to get expected customer base and predicted time frame.

Incubation/Acceleration programs accomplishment

We have major incubator from Mumbai who are into different domain and have large experience related to financials and technical guidance. As soon as we get a firm investor for the brain-child will soon accommodate few new developers in Mumbai itself.

Won the competition and other awards

We don't have any as such but soon to be the best one in the market.
Comments:

You need to login

5,00
1
2
3
4
5
1 voice
arrow_back
EN
more_horiz
close
visibility242
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video