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Retail would sell more if digitize the shelves

Ukraine, Kyiv city
Market: Logistics and warehouses, Food industry, Trade, Robotics, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 10.08.2019
Min investment
$  150.000
Total required
$ 150.000
Rating
equalizer 350 из 1000
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Idea

Monitor what how well retail sell your product. With use of computer vision and IoT we track the key indicators like OOS, OSA and consumer behaviour.

Current Status

MVP is developed. Able to monitor both number and type of product on the shelf

Market

Global opportunity for sales increase is 500B. From this amount retail management is ready to share 5-7% of extra revenue that is 25-30B figure.
This is TAM
SAM (Europe) is 100B for retail revenue increase potential and 5-8B is the market for the service provider like us.

Problem or Opportunity

Retail suffer from the fierce e-commerce competition. Customers become very sensitive to service. Margins shrink. The whole retail business process should be revised.
Up to 20% of time the shelves are empty. There is a potential to earn $500B more if the shelves are full.
We believe the digitized shelf would sell more that lead to increasing of product availability (OSA).

Solution (product or service)

A combined IoT and image recognition solution to monitor OSA.
We trained our neuronetwork to recognize the products. Our smart shelf also count % of OSA.

Competitors

TRAX is market leader. Other competiors are:
https://vispera.co/
https://www.traxretail.com/
https://planorama.com/
https://intrtl.com/
https://www.softservebs.com/uk/solutions-2/trade-marketing-efektivnij-merchendajzing/
https://shelfierobot.com/#howitworks
http://www.mysales-labs.com/
smartshelf.com
https://www.wiseshelf.com/
www.picsell.ai
Shelfmatch
https://www.observanow.com/

Advantages or differentiators

Our advantage is combination of IoT and computer vision that give a precise OSA figure, has a potential to compare and adjust prices, check planogram and consume behaviour that is what retail and suppliers management wants.
Low cost butr smart R&D in Ukraine is another strong factor.

Finance

We estimate we would need thte above amount to build more mature product and market is in Europe. Key expenses are personell (70%) and marketing.

Business model

Saas
We charge per SKU monitored. This is market standard for such solutions.

Money will be spent on

Key expenses are personell (70%) and marketing.
The calendar plan with per item expense estimation is available for investor.

Offer for investor

10% of share.

Team or Management

Risks

Discovering of new technology
Monopolization by TRAX
Competition from large ERP/automation companies
Political risks in UA

Incubation/Acceleration programs accomplishment

We now in the midel of Demium acceleration and also entered Y incubator School

Won the competition and other awards

Took part in Garage from MHP competition

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
Product Video