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LOKACI

Maximize salon sale in lean hours & eliminating waiting time

India, Delhi
Market: Services
Stage of the project: Operating business

Date of last change: 25.09.2020
Min investment
$  50.000
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Total required
$ 500.000
Rating
equalizer из 1000
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Idea

We are a marketplace for real-time salon appointments to avoid waiting at the salon, standardize the quality of Indian salon, and optimize salon business.

Current Status

We have done a 180k USD worth of transactions with 600+ partner
salons and a 22.0K customer base. We are looking for a seed raise of 500K USD to expand our presence in NCR (Delhi) region.

Market

B2B2C

Problem or Opportunity

Waiting time in the salon.
Under capacity utilization of salons.
Providing a Sanitized Tag to the safe salon during COVID-19 by controlling the quality of the salon.

Solution (product or service)

We are a marketplace for salons that enables the user to discover, find the best (sanitized/safe) salon, select specific stylist, product, specific time slot and book an appointment all in real-time so that no one has to wait at the salon while also maximizing capacity utilization of salons.

Competitors

Urbanclap, BeuSalons, Nearby, Little, Yesmadam, Housejoy.

Advantages or differentiators

Early bird advantages.
Strength in doing business with Tier-3 vendor.
Our 100% retention rate of salon partner reflects our best managerial skills.

Business model

We take a 10-14% cut on each transaction from our salon partners.

Money will be spent on

The round will be majorly focused on expanding our presence in Delhi NCR and becoming market leader in acquiring 10% of the SAM.

Team or Management

Won the competition and other awards

Finalist at YCombinators Summer2020 Batch.
The winner at Entrepreneurship competition at NSIT.
The winner at Annual Tech Fest For Entrepreneurship at IIT Delhi.
Mentored by the IITD-IIMBanglore Joint mentoring program.
Runner at EOGSEA, National Level.

Photos

Photo 1 - Maximize salon sale in lean hours & eliminating waiting time

Product Video

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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