Huncho
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Date of Foundation
2024

Huncho

bet on your opinions, or your "hunch" and make profits betting on any world event

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The Idea origin story

My startup, Hunch-O, is a vibrant, profit-generating platform allowing users to place bets based on their instincts or "hunches" on global events. Ranging from high-stakes sports games to international politics, Hunch-O transforms your gut feelings into profitable wagers. It offers an engaging, user-friendly interface and the adrenaline rush of forecasting across diverse arenas. Trust your intuition, make predictions, and earn profits on a global scale with Hunch-O.

The Mission

vision - to transform the world of betting and be the future innovative leader. mission - to democratise betting and offer more markets rather than just financial and sports betting

Clients

customers - those who have an addictive personality and get an adrenaline rush from "winning". Those who do not know enough about financial options or sprts betting

Problems we solve

Client’s problem

Pain point - only those with financial expertise ad sports knowledge can bet in these markets, and it forms an automatic market barrier. We are trying to do away from that and open up the markets, creating different markets for different events. People bet on what they KNOW. they do not have to learn anything new

Confirmation of problem

The actuality of the problem is affirmed by inherent market barriers that limit betting to finance and sports experts only.

Solution

Our startup's mission is to democratize betting markets by breaking down existing barriers. Instead of requiring specific financial expertise or sports knowledge, we empower users to leverage their unique insights on world events. This creates a more inclusive and diverse market where anyone can bet

Our technologies

This solution is based on technologies

Our startup, Hunch-O, is revolutionizing the realm of betting. Rather than restricting wagering to just financial and sports segments, we are democratizing it by introducing multiple new markets spanning global events. Our platform caters particularly to those who thrive on the thrill of winning but have been previously restricted due to limited knowledge in traditional betting areas like finance or sports. At Hunch-O, users can now place bets based on their instincts or “hunches”, breaking down existing market barriers and allowing

How it works

the app shows multiple tabs where they can choose what type of market they want to bet in. Incase it doesn't already exist, they can enter "new bets" and invite their friends

Value for the client

Hunch-O revolutionizes betting, breaking market barriers with diverse global event options. Trust your intuition, profit from knowledge, and experience the thrill of winning!

Market and strategy

Market size

50

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

30

% of the market

Is our goal in the next 3 years

Team

My name’s

Shreemoyee Mukhopadhyay

My key role in the product

My key role is CEO and I'm responsible for setting the company's strategy, building our team, and ensuring our financial performance.

Team size and key members

Consider including a COO (Chief Operating Officer) for daily operations, and a CXO (Chief Experience Officer) to optimize user experience.

Competitors

Competitors

In addition to Kalshi and Polymarket, companies like PredictIt or even larger betting platforms such as FanDuel might view your startup as competition. They target a similar audience or have related offerings centered around prediction-based activities.

Our Advantages

Our product offers a gamified experience that fosters engagement and encourages users to invite friends. Bets are short-term, facilitating rapid gameplay, and quick settlements ensure seamless user interactions.

Business model

transaction feeess

Traction

While our product is still in the development phase, significant strides have been made. We're refining it to ensure optimal efficiency and customer satisfaction before its official launch.

Metrics

We closely monitor key metrics such as Active Users which identifies engagement, Churn Rate to understand retention, Customer Acquisition Cost and Customer Lifetime Value for evaluating profitability. Additionally, Net Promoter Score indicates customer loyalty.

Incorporation

Our company incorporated in

Key risks

The main risks of our startup include regulatory challenges, establishing user trust in a new form of betting, competing with traditional giants in the industry, and promoting responsible gambling to prevent addiction.

Investments

$

We raised investments

Our Investors

Rising Investments

$

Currently, we are raising investments

$

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Open positions

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Additional information

Huncho
Idea
Date of Foundation
2024