Photo - GLOICE
44160

GLOICE

Geolocation-based search messenger for chatting with locals

Ukraine, Kyiv city
Market: Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 03.02.2020
Min investment
$  50.000
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Total required
$ 150.000
Rating
equalizer из 1000
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Idea

We help people find answers by building the finest way to search localized information: free, simple and reliable geolocation-based search messenger

Current Status

At the moment we’ve already developed an alpha version of GLOICE with all main features: geotargeting, sharing content, private chats, dark mode, possibility to create requests, Favorite locations and GLOICE Reward system with G-coins.
Now we are at a debugging stage and plan to release the app at App Store in February and Google Play in March

Market

Every year, the number of people moving to a new place is increasing in the world: 8.4 billion tourist trips in 2019, as well as a migration level of 1.03 billion. A total of about 9 billion situations in which people remain detached from the society they came.

Problem or Opportunity

We solve the "small questions" problem.
Everybody’s head is buzzing with a gazillion of small questions about Food, Entertainment, Infrastructure, and many other topics.
The funny thing is that all these questions may be answered by people around them. The problem is that we don’t have the tool to contact people in a particular area and simply ask them.

Solution (product or service)

GLOICE – is a geolocation-based search messenger that allows users to communicate and get answers from locals.

Competitors

At this point in time, people tend to use web browsers (Google), instant messengers (Viber, Telegram) or social media groups (Facebook).
1) Google is pretty fast, but it's not viable in regards to small questions like Which school is better for my son because Google is full of ads, fake comments or simply the question is to small for it
2) Messengers limit us to our contact list and we are able to talk only to those we know
3) Social Media groups are slow and the question may simply be overlooked

Advantages or differentiators

GLOICE is a unique product that has features of messengers, web browsers and social media. But goes a step further than all of them in a variety of ways
1) It's the only geolocation-based messenger which allows to reach out to people without knowing their contacts
2) It deals better with localized information than web browsers because the answers are provided by real people and real community
3) It unites people with a community they need

Business model

All transactions inside the app will be operated with G-Coins. Users will get them as rewards or for money. Business model will be based on 2 types of users: a regular user (freemium model) and a professional account with a subscription model. We’ll make money on expanded features of profiles, map marker, and pinned requests. Expected average regular user expense per year is $1.33 - $4 and for the professional account around 50$ per month.

Money will be spent on

70% we’ll spend on salaries of development (3 mobile developers, 2 backend developers, 1 designer) and management teams (2 people)
18% will be distributed to marketing
And 12% will cover infrastructure expenses

Incubation/Acceleration programs accomplishment

Y Combinator Startup School
YC SUS Winter 2020

Photos

Photo 1 - GLOICE
Photo 2 - GLOICE
Photo 3 - GLOICE
Photo 4 - GLOICE
Photo 5 - GLOICE

Website address

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Idea
Current Status
Market
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Solution (product or service)
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
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Incubation/Acceleration programs accomplishment
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