Photo - BizzTM
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BizzTM

BizzTM is a neighborhood one-stop store for home & personal

India, Haryana
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 12.01.2021
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Idea

BizzTM brings a range of home and personal needs products to the aspirational population in Tier2+ cities, which is underserved by e-commerce due to high delivery cost and the need for trust. BizzTM has a unique model of community commerce involving a local network of 'Biz Owners' who bring these products through a cost-effective aggregated delivery model.

Current Status

Early Traction:
20+ lakh monthly GMV
500+ active "Bizz Owners"
15 Rs delivery cost
50% Gross margin

Market

Social commerce is India is estimated to become $65B by 2025.

We are targetting families in tier2+ cities. Key attributes are
1. 400+ Million Consumers
2. Live in Tier 2+ cities
3. Prefer Vernacular languages
4. Search Info Online, Buy Offline
5. Very Active on Whatsapp
6. Household Income: ₹20K-₹25K/month

Problem or Opportunity

Tier 2+ consumers are deprived of the convenience of e-commerce
1.)Average basket size is 250-300.
2.)Current e-commerce high drop ship logistics cost makes it unfit for Low ASV ( <200 INR) products

Solution (product or service)

Introducing a cost-effective “community commerce model” in Indian eCommerce through a network of community leaders, “Bizz Owners”.
Bringing familiarity, reliability & trust of offline in online, we will unlock eCommerce for 400M non-product transactors.

Competitors

We do not have direct competition. Currently, consumers buy these products from the retail network

Advantages or differentiators

1. Manufacturing sourcing: Lowest price in the market
2. Aggregated delivery: Lowest delivery cost (~15 Rs per order)
3. Best quality of products

Finance

We Earn an every transaction in form of commission. our gross margins are ~50% of sales value,

We are looking to touch $ 3 Milion GMV in next 1 year

Business model

Bizztm is a one-stop store for all home & personal needs products.
We are an M2B2C platform, which means we source products directly from manufacturers (M) and sell to end consumers (C) through our channel of Bizz Owners ( B).
Our bizz owners share the products with their friends and families and generate orders. They place these orders with us and we ship the products to the Bizz owners place. They then do the last mile and collect the money.

Money will be spent on

1. Team hiring
2. Technology development

Team or Management

Incubation/Acceleration programs accomplishment

Part of Axilor pre-seed program

Won the competition and other awards

Part of the Lightspeed Extreme entrepreneurs event. Selected in top 15 startups among 1200+ applicants in Southeast Asia
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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