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