Shop Smart
Date of Foundation
2024

Shop Smart

Smart Shopping, Simplified

The Idea origin story

ShopSmart revolutionizes the shopping experience by facilitating real-time inventory tracking from your preferred retailers. Our solution takes away the disappointment of finding out your desired items are out of stock, saving you from unnecessary store visits. Irrespective of the product category - groceries, gadgets, or apparel, ShopSmart offers you the information edge, enabling you to shop smarter and with surety. Optimize your shopping with ShopSmart!

The Mission

At ShopSmart, our mission is to revolutionize retail by providing real-time inventory updates for smarter and more efficient shopping.

Clients

Our customers are individual shoppers, families and retailers seeking smarter shopping through real-time inventory tracking.

Problems we solve

Client’s problem

pain and loss of time, energy, frustration

Confirmation of problem

Unexpectedly finding items out of stock is a universal issue, leading to lost time, energy and disappointment for shoppers.

Solution

Our solution streamlines the shopping process, saving customers time and energy by providing real-time inventory tracking.

Our technologies

This solution is based on technologies

ShopSmart revolutionizes retail shopping by providing real-time inventory updates, saving time and frustration for both individual shoppers and retailers.

How it works

ShopSmart has access to inventory databases at various stores and updates the inventory in real-time. App/website users save favorite stores and can check to see if what they want is in stock

Value for the client

ShopSmart empowers customers to shop smarter and more efficiently, by providing real-time inventory updates saving time, energy, and frustration.

Market and strategy

Market size

600

mln/year

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

Market share goal

20

% of the market

Is our goal in the next 3 years

Team

My name’s

Kristin Dermenjian

My key role in the product

My key role is a pitcher and I'm responsible for presenting our startup's vision, strategy, and product to potential investors succinctly.

Team size and key members

Potential team members can include a co-founder, engineers for product development, marketing experts for brand visibility, and advisors for strategic guidance.

Competitors

Competitors

There are potentially a range of e-commerce platforms and retail businesses that could be considered your competitors. This might include big names like Amazon, Target or Walmart, as well as other start-ups offering digital solutions for simplifying shopping.

Our Advantages

Our startup boasts a comprehensive solution, serving as a single destination for all your needs. We seamlessly integrate various services for convenience, streamlining processes and saving valuable time.

Business model

stores pay to be on it

Traction

Our product is in the conceptual stage with a solid vision and plan. We're harnessing our resources to transform this concept into a tangible solution that meets user needs effectively.

Metrics

We'll be gauging our product's success through a mix of quantitative and qualitative metrics, including user engagement rates, retention stats, revenue growth over time as well the customer feedback.

Incorporation

Our company incorporated in

Key risks

The greatest risks for my startup could be technical glitches in real-time tracking, potential privacy concerns from customers, and the challenge of securing collaborations with various retailers.

Investments

$

We raised investments

Our Investors

Rising Investments

$

Currently, we are raising investments

$

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

Idea