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Giveaway

Online multivendor marketplace platform

USA, California
Market: Internet and IT, Trade, Services, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 09.03.2022
Min amount of loan
$  50.000
Estimated yield
5 % a year
Show contacts
3
Total required
$ 500.000
Rating
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Also this project:
- is looking for investment
 

Idea

The platform (Giveaway) by DanTech LLC is a unique, innovative, engaging, and powerful online multivendor marketplace platform that connects retailers and on demand home service providers to customers, an online marketplace for goods and services to provide merchants with competitive, affordable, and secure solutions to enhance their business while enabling customers to book goods and services conveniently. We provide an integrated and complete marketplace solution, enabling users to access everything from one platform.

Current Status

Development of the App and website for various devices is in rapid process and will be launching out soon this December 2020, work been completed as follows:
• Website is 95% developed
• IOS version Completed
• 95% of android version
• Daily increasing followers on social media platforms.

Market

Online shopping and On demand home services

Problem or Opportunity

Access to Products & Services: Getting access to a service when it is needed has become to thing of great importance, especially with the uncertainties the COVID -19 times has brought, businesses closing down and services we once had access to has, either closed down or gone bankrupt. Providing an alternatives means of getting products and services adequately is very important at these times.

Digital Footprint: Not everyone has access to funds or knowledge for developing a website or a mobile app to showcase their product or service to the internet community and world at large. The digital monopoly is so great that only business with large financial power today to have an onsite developer for their businesses or large subscription amount to spend on known platforms can have a digital footprint.

Technology and Infrastructure: SMBs face several challenges in access to mass consumers and obtaining adequate technology and infrastructure, they're struggling to gain benefits from the existing marketplaces, these platforms are providing them access to millions of consumers, yet many businesses struggle to stabilize them on these marketplaces because of the stiff competition, limited budgets to compete with bigger brands, and high commission/subscription fees charged by these marketplaces.

Competitors

Wayfair, Offerup, Jumia, OLX, Konga

Advantages or differentiators

Being a disruptive platform, we focus more on connecting consumers, retailers, and service providers.
Helping retailers enhance their digital visibility and improve sales, assist skilled entrepreneur service providers to monetize their talent and provide services to a diverse customer base, and provide consumers with the convenience of booking services and purchasing goods in one platform.
We develop the platform with two overarching goals: to make it simpler for people to find affordable products/services and to help promote businesses that need an alternative sales channel and enhanced market visibility.

Finance

Subscriptions
Platform charges
Product sales

Loan terms

36 months

Interest rate, %

5

Business model

Platform offers online marketplace for vendors to utilize.

Solution (product or service)

We developed Giveaway as an online marketplace dedicated to helping various small and medium scale businesses to compete and grow their business. We have developed a unique and powerful backend system that will assist small/mid-sized companies. With easy-to-understand features, fully optimized business processes, and seamless online integrations, we provide businesses with a complete experience that can help them grow, gain traction, and develop their niche.

We focus more on connecting consumers, retailers, and service providers. Helping retailers enhance their digital visibility and improve sales, assist skilled service providers to monetize their talent and provide services to a diverse customer base, and provide consumers with the convenience of booking services and purchasing goods in one platform. We developed the platform with two overarching goals: to make it simpler for people to find affordable products/services and to help promote businesses that need an alternative sales channel and enhanced online market visibility.

Team or Management

Risks

Less users

Incubation/Acceleration programs accomplishment

Participation in Cofounders lab startup program

Won the competition and other awards

None yet

Photos

Photo 1 - Online multivendor marketplace platform

Product Video

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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)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video