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Instant Grab and Go - InstaGnG Inc

Instant Grab and Go solution using Object Detection and AI

USA, Virginia
Market: Food industry
Stage of the project: Operating business

Date of last change: 10.09.2021
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Idea

Using our cutting-edge Internet of Things, Computer Vision and Artificial Intelligence competences and capabilities, we enable unattended/self-service flexible product purchasing and replenishing.

Current Status

Product deployed in the market with several customers (e.g. Largest CPG Companies)

• 4000 Units Asia – Capex $5 Million + SaaS $30/month per cooler
• 1000 Units Americas – Capex $1 Million + SaaS $30/month per cooler
• 1000 Units EMEA – Capex $1 Million + SaaS $30/month per coolers


Revenues expected of 6 Million USD for 2021

88 Employees current in the organization

Market

Vending Machine Solution
Addressable Market:

- All store formats, such as supermarkets, supercenters, conventional grocery stores, club stores, pharmacies, etc.
- Micro-markets within office premises and commercial office buildings
- Airbnb, vacation rentals, lodging properties, educational buildings, malls, and quick-service restaurants
- $17.6 B addressable market

Problem or Opportunity

• Consumer Journey and interaction with any brand will be based on trusted locations and suppliers in an honest environment.
• Unmanned Smart Solutions bringing products to the At work and New Retail.

Opportunity

- $17.6 B USD in North America Alone
- Companies like Coca-Cola has around an inventory of3.5 Million Vending Machines installed with a 10% growth rate for replacement yoy.

Solution (product or service)

Looking to grow the installed base of machines and establish an ecosystem to foster both Advertising and Insight business revenue streams.

Series A targets

• Seeking in between 2 to 3 investors
• Partnership targets:
Real Estate Partner
Technology Partner
Retail Execution Partner
Cooler Manufacturer Partner
Content Advertising Partner

Competitors

Competitors providing weight sensors, RFID and cameras with a pricing range of around 2500-6000 usd.
Maintenance issues with a very complex solution, which brings the TCO as our differentiation in comparison to our competition.

Advantages or differentiators

- Around 46% lower Total Cost of Ownership in comparison to the competition
- Large CPG company deal for the next 3 years where with a forecasts to implement 500,000 units in the next 3 years across the globe.
- Partnership with companies like Microsoft and Sony to provide the state-of-art solutions as part of the existent roadmap

Finance

• InstaGnG owns, installs, and operates the cooler solution, including the cooler unit, on-cooler components such as camera, GPU, etc., the telco edge cloud infrastructure, and connectivity.

• Retail companies pay for the hardware and subscribe to the platform usage software licenses.

• Retail companies pay nominal one-time setup fees and recurring fees based on either ‘Fixed Consumption’ or ‘per Transaction Consumption.

- Cost Structure - People, Hardware, Support Services and Installation related costs

Business model

SaaS and Cooler as a Service Model.

• InstaGnG owns, installs, and operates the cooler solution, including the cooler unit, on-cooler components such as camera, GPU, etc., the telco edge cloud infrastructure, and connectivity.

Money will be spent on

People - Additional 60% resources required (70% Opex increase)
Financing charges - Capex intensive requirement as payment terms are 90 days on average.
Market and Sales - 5% on overall annual sales

Offer for investor

Series A - up to 2 Million USD for 10% of the company

Team or Management

Risks

- Covid preventing the at work channel forecast
- Global Shortage on the chipset

Incubation/Acceleration programs accomplishment

Acceleration program inside Coca Cola Ecosystem

Won the competition and other awards

Innovative Solution Award of the year 2020 from Coca Cola

Invention/Patent

Patent Pending

Photos

Photo 1 - Instant Grab and Go solution using Object Detection and AI

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