Photo - Snapy Inc
45198

Snapy Inc

Snap Now to Know What's Around You

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

Date of last change: 25.02.2020
Min investment
$  25.000
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Total required
$ 100.000
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Idea

Maybe you wanna know what that new accessory is, or which dog your neighbor got, or get that cool t-shirt someone wore at the beach, shop for veggies, or maybe you’re just lazy to count.

Snapy is the brainy buddy who can do all of this for you in an instant! Snapy only needs to see it once, when you take a picture in the app. Be coy, and take a Snapy to avoid any embarrassment over not knowing about stuff anymore.

You snap it, and Snapy gets it

Current Status

We recently launched our application and started acquiring users. We are testing our application on 500 users. We have already acquired 150 users out of 500 users. The application is available in the Play Store for all users.

Market

We are targeting 500 Million Internet users in India and 4 Billion Internet users in the world. The AI market in 2018 was around 25$ Billion and was growing at an exponential state.

Problem or Opportunity

We, humans, are always hungry for Information. We seek information about what we see in our daily life, which is not available instantly. We search in books, on the Internet and ask our peers for Information. But the friction can be frustrating and sometimes we end up getting zero information.

Solution (product or service)

Snapy is an expert who sees everything and seeks information for you instantly. It is an Android application, who helps you to explore what you see in your daily life. You just need to snap a picture and Snapy will get what you seek about that picture
Ex: If you are a dog lover and you see a dog, you get curious about its breed. Snapy is there to help you. Just snap a picture and boom, you have the breed of the dog.

Competitors

1. Google Lens
2. Blippar
3. Layar

Advantages or differentiators

Major advantages:
1. We allow users to correct wrong predictions and train artificial intelligence
2. Our Marketplace model is the key differentiator
3. Our Proprietory Artificial Intelligence models

Business model

AIs are at the center of our business model. AIs are similar to applications. Developers can create and submit AIs to our AI Marketplace. They can sell their AIs for free or they can charge on the basis of the number of requests.

We invite developers to create Artificial Intelligence solutions and distribute them via Snapy.

Possible revenue sources:
1. Users will pay for paid AIs and solutions.
2. Advertisements can be placed inside free AIs for revenue.

Money will be spent on

R&D - $25000
Operations(Salary and Other expenses) - $50000
Cloud and Server Costs - $10000
Marketing and Business Development - $10000
Miscellaneous Expenses - $5000

Team or Management

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Idea
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
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Team or Management
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