KanzBazaar
Date of Foundation
2020

KanzBazaar

"Online grocery service giving near-expiry items a second chance."

The Idea origin story

At the heart of our project lies a simple yet powerful vision: transforming the way we consume groceries. We're on a mission to redirect surplus, near-expiry food from potential waste to pantry, offering consumers top-quality products at discounted prices while fostering sustainability.

The Mission

Quality groceries, zero waste vision.

Clients

Budget-conscious consumers and eco-aware households seeking quality groceries at reduced prices, while contributing to waste reduction

Problems we solve

Client’s problem

Your startup could solve several pertinent issues: it can help to reduce food waste significantly by ensuring near-expiry products are consumed in time; it contributes to a more sustainable grocery shopping practice, and it allows budget-conscious consumers to access quality groceries at discounted prices.

Confirmation of problem

excess food is often discarded, while many can benefit from affordable access to quality groceries.

Solution

Our digital marketplace rescues near-expiry food, providing discounts to consumers while reducing waste

Our technologies

This solution is based on technologies

AI-driven pricing, inventory forecasting, personalization. And cloud-first infrastructure for scalability.

How it works

Our pricing model, specifically optimized for the MENA market, cleverly incorporates factors like market prices, expiry dates, available quantity and subcategory details.

Value for the client

Customers access affordable, quality groceries while contributing to sustainability and reducing food waste.

Market and strategy

Market size

20

mln/year

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

Market share goal

100

% of the market

Is our goal in the next 3 years

Team

My name’s

Fahim Kadhi

My key role in the product

Founder - Product and Engineering

Team size and key members

Co Founder and CBO - Vijay Ahilani

Competitors

Competitors

Only close competitor is heroGo who does this - Order Fruits Basket from HeroGo starting at AED 100. Shop for Sustainable Fruit Baskets from HeroGo & join the movement of fighting Food Waste. Fruits Box. Vegetables Box. Other competitors are standard grocery delivery companies - Talabat, Instashop and Careem

Our Advantages

Revolutionizing sustainable e-commerce, our AI-powered platform salvages near-expiry groceries; delivering fresh, premium products at unmatched prices while cutting down waste efficiently. Uniquely optimizing supply chains for superior value and sustainability.

Business model

Clients pay for discounted groceries. Revenue comes from direct sales, with dynamic pricing for near-expiry items maximizing profits.

Traction

Achieve a significant milestone of 1 million AED in cumulative revenue, demonstrating the product's successful progress.

By the next funding cycle, we'll have scaled user base, optimized our AI-driven dynamic pricing system, increased inventory turnover by 40%, and expanded to two new cities

Metrics

We monitor customer acquisition cost, lifetime value, retention rate, average order value, order frequency, spoilage rate, and inventory turnover ratio.

Incorporation

Our company incorporated in

UAE

Key risks

Main risks might include competition from established grocery delivery services, potential customers not accepting near-expiry items or worries over food safety. Additionally, ensuring consistent availability of products could be a challenge.

Investments

$

$20000

We raised investments

Our Investors

Only the two co-founders

Rising Investments

$

Let's say we're raising a 6 million USD post money valuation cap

Currently, we are raising investments

$

6 million

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

MVP