M2 Group 2
-
Upload
anonymous-gf7o5npln -
Category
Documents
-
view
222 -
download
0
Transcript of M2 Group 2
-
7/26/2019 M2 Group 2
1/13
BUSINESSC
-
7/26/2019 M2 Group 2
2/13
Introduction
OUR BUSINESS
Foodler is an online megamarket thatconnects consumers with local grocerymerchants in the neighbourhood.
It offers the widest range of products forinstant delivery through its mobile app.
The app provides the users the choice toorder goods from nearby local stores andget those delivered within 90 minutes ofplacing the order.
OUR MISSION
To provide seamless and convenientconsumer experience in purchasing
the household and grocery itemsthey need across different retailers
-
7/26/2019 M2 Group 2
3/13
BusinessFram
-
7/26/2019 M2 Group 2
4/13
Situationanalysis
PROBLEM
Consumers are spending hours of theirpersonal time roaming around shelves insearch of required product.
Consumers are forced to compromise onselection and quality, because they are limited
with selection available in one particularsupermarket.
SOLUTION
The application will allow the consumers topurchase preferred items across different
stores/outlets from a single platform
-
7/26/2019 M2 Group 2
5/13
TargetAudienceandValueProposition
Consumer Supermarkets Brands
Profile Maximum market size (TAM):2,597,000 people aged 20-64 YO
Total of 1,225,000 households(Locals, expats Singapore)
Target market (SOM) 245,000downloads
Supermarkets of any size,including specialised ones likebakeries.Meidi-ya Supermarket, Giant,Fairprice, Mustafa, The OrganicGrocer, others
TAM: Major Chains
SOM: All available supermarkets
Any brand selling in anysupermarket
SOM: 20% on top of mainrevenue stream.
VP Streamline search and purchase
process in an App.
- National cuisine for expats
- Vegan/vegetarian/organic
- Hassle free
1. Widen customer reach.
2. More effective marketing
1. Wider customer reach
2. More cost-effectivemarketing andpromotion options
Trend
Customers are getting used to buy through aggregators.
Rising middle class driving food retail growth. ( ASEAN Grocery Retail - DBS)
KPMG: http://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/Retailing-
http://www.meidi-ya.com.sg/en/http://www.meidi-ya.com.sg/en/http://www.giantsingapore.com.sg/http://theorganicgrocer.com/http://theorganicgrocer.com/http://theorganicgrocer.com/http://theorganicgrocer.com/http://theorganicgrocer.com/http://theorganicgrocer.com/http://theorganicgrocer.com/https://www.google.com.hk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0ahUKEwj2yeCdn5_NAhWDm5QKHWtUBxQQFggiMAE&url=https://www.dbs.com.sg/treasures/aics/pdfController.page?pdfpath=/content/article/pdf/AIO/150722_insights_whetting_asean_appetite.pdf&usg=AFQjCNG0zacBselqPFysR9hUFCk0jcc2Tg&sig2=Zkd_tcDE3o9TA5mluXUvJQhttp://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/Retailing-Asia-Pacific-200610.pdfhttp://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/Retailing-Asia-Pacific-200610.pdfhttp://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/Retailing-Asia-Pacific-200610.pdfhttps://www.google.com.hk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0ahUKEwj2yeCdn5_NAhWDm5QKHWtUBxQQFggiMAE&url=https://www.dbs.com.sg/treasures/aics/pdfController.page?pdfpath=/content/article/pdf/AIO/150722_insights_whetting_asean_appetite.pdf&usg=AFQjCNG0zacBselqPFysR9hUFCk0jcc2Tg&sig2=Zkd_tcDE3o9TA5mluXUvJQhttp://theorganicgrocer.com/http://www.mustafa.com.sg/http://www.fairprice.com.sg/http://www.giantsingapore.com.sg/http://www.meidi-ya.com.sg/en/ -
7/26/2019 M2 Group 2
6/13
CompetitionHonestBee Singapore (direct competitor)
- HonestBee dont own any inventories. What happens with HonestBee is
that you place your orders on the site for the groceries you want, and theplatform dispatches runners (or bees) to get the groceries and deliverthem to you.
- The user experience on Honestbee is exactly what youd expect of anonline grocer: simply choose the items which you want and add them toyour cart, choose a delivery timing, and your groceries will be on their way.Currently, Honestbee supports items from Cold Storage, Isetan and ShengSiong, which are some of the largest supermarket chains in Singapore.
- HonestBee weakness: A rather expensive delivery.
What makes us stand out?A comprehensive online aggregation of all major supermarkets.Quality of delivery and customer service will take over
-
7/26/2019 M2 Group 2
7/13
START
Scalability
3 years forecast (Mid-term)
- Focus to grow the market share in Singapore.- Establish strong following for Foodler.
- Improve on the functions that Foodler provides.
Long term plans (4 years on)
- Target neighboring regional countries such as:Indonesia (249.9 mil)
Malaysia (29.72mil)Thailand (67.01 mil)Hong Kong (7.188 mil)Taiwan (23.48 mil)
- These countries have a sizeable potential household size.- These countries face the same problem of a congested urban living conditions witlifestyles thus making Foodler relevant.- Foodler also has an opportunity to enter these markets as the consumers have ad
technology making Foodler's entry more seamless.
-
7/26/2019 M2 Group 2
8/13
Commission
PremiumMembership
(PaidSubscription)
AncillaryRevenue
Advertising
RevenueStreams
Commissionbased from
sales of
products andgoods ranging
between 2-5%.
Consumer payfor advancedfeatures. i.e.:
advancedsearch
options, ads-free, newproducttasting.
Productplacementand other
advertisingspace forbrands.
Revenue fromthe retailers
who will have
the opportunityto feature theirhighlights/promotions on a
monthly basis.
-
7/26/2019 M2 Group 2
9/13Sales&Distribution
ReachingoutConsumersforBusiness Tie-upwithSuperm
-
7/26/2019 M2 Group 2
10/13
OrganisationC
-
7/26/2019 M2 Group 2
11/13
DevelopmentStrategy
-
7/26/2019 M2 Group 2
12/13
Financial$
Start-up period (zero revenue): 6 months
Assumptions:
2 purchase / week by each active user80 SGD - average cheque
Year 1 Year 2
Fixed Cost -$2,742,806.35 -$11,757,099.23
Revenue $85,809,676.80 $775,412,000.00
Margin (commission) $1,712,768.00 $23,040,000.00Margin (Memberships) $500,000.00
Margin (advertising) $85,638.40 $4,608,000.00
Ancillary margin $85,638.40 $2,304,000.00
Profit (Loss) - 858,761.55 18,694,900.77
-
7/26/2019 M2 Group 2
13/13
Thanks!Business proposal
prep red by
M2 Group 2
Name Email
Sanjay Rawlani [email protected]
Neville Chesan [email protected]
Eugene Reznikov [email protected]
Janet Hu [email protected]
Zach Tan [email protected]
Grace Maung [email protected]
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]