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Selective.one

Service of automatic selection of clothes and shoes

Ukraine, Lviv region
Market: Internet and IT, Light industry, Trade, Services, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 22.11.2020
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Idea

Selective helps people to find clothes based on theirs style, sizes, budget and other parameters. Our service based on math algorithms and neural networks that determine the feasibility of buying a products.

Current Status

Now the service is fully ready to work. There are ready-made algorithms and a neural network (beta) has been developed which predicts customer tastes.
The admin panel for stores is 60% ready. We plan to launch it by the middle of the next year.
We also plan to develop applications for Ios android.

Market

When a user comes to the site, he filters out products and the system offers him things he will be more interested in. The formation of the goods database is done through advance agreements with stores, which send us an electronic list of goods available on their website.

For small businesses, we are developing a system that will allow us to sell things directly on our website.

Problem or Opportunity

The modern clothing industry offers so many products that choosing a really appropriate outfit has become a very difficult task

Solution (product or service)

Create service that helps people to find clothes based on theirs style, sizes, budget and other parameters.

Competitors

All competitors are product aggregators that allow you to simply review products in stock but do not recommend clothes depending on your preferences.
Lyst.com is an international company. Aggregator of goods, but does not have selection algorithms.
Clouty.ru - Russian service that has quite a large resource and traffic, but also loses in functionality.

Advantages or differentiators

Our algorithm is designed with all possible needs in mind, from price and categories to premium clothing. This approach satisfies both the student who is looking for the best value for money, and the wealthy person who does not want to spend time looking for the right product.
Often, people simply do not know about the existence of some nonsense or store. Selective gives users a full picture of the possibilities concerning their budget.

Finance

At this stage, our main sources of revenue are CPC (cost per click) and CPA (cost per action).

Now we are developing our own admin panel for selling products on our website.

We believe that creating our own marketplace is the way to organic development of this product.

Money will be spent on

Product development: iOS & Аndroid app, AI algorithm, AI product filtration system, Accounting system for shops, Payment system
Advertising: Promotional materials (videos), Contextual advertising, Advertising on social networks.
Seo: Website optimization
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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
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