Revolutionizing Commerce through AI-Powered Quickness
Our startup, Vevet, is poised to revolutionize the world of commerce by employing advanced AI-powered techniques. By administering big data analytics and providing a low-cost marketplace, we empower small and medium enterprises to identify bestselling products. Furthermore, we supercharge their sales process, enabling them to sell products at twice the conventional speed.
To build the ecommerce ecosystem for Africa
SME retailers
They stock poor selling products and loose revenue to high-fee marketplaces
The current marketplace landscape is dominated by exorbitant fees and poor product selection choices affecting SME retailers' profitability.
We provide an AI-driven platform that optimizes inventory, predicting the best-selling products and minimizing costs by saving SME retailers from expensive marketplace fees.
We're Vevet–leveraging advanced AI to transform commerce by boosting SMEs' sales and reducing marketplace costs, thereby enriching Africa's ecommerce ecosystem.
Our platform harnesses regional sales data to pinpoint top-selling products, and then guides retailers in inventory decisions. Additionally, our proprietary AI technology personalizes product recommendations based on individual user preferences.
Vevet accelerates SME retailers' sales by identifying bestselling products and offering low-cost marketplace benefits, while facilitating an ecommerce ecosystem for Africa.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is being the strategic and vision planner, and I'm responsible for building our tech product from grounds up.
In addition to a digital marketer and operations specialist, my team could be enriched by an experienced financial advisor or CTO for tech oversight.
Chowdeck Glovo Mano
We empower retailers with personalized stocking advice and provide a cost-efficient marketplace, enabling them to keep a significant portion of their earnings. Our approach differs from competitors as we prioritize revenue retention for our users.
$1000 They pay commission on our marketplace and pay for data insight for regional bestselling products
Our product has marked significant progress with revenues crossing the $1000 milestone. Plus, we've successfully expanded our user base to over 300 dedicated customers.
Our startup has successfully launched in three states, generating a gratifying $1 million revenue stream. We're proud to cater to our rapidly growing user base of 500K individuals.
Our startup measures success in various ways, one of the most critical being our weekly orders. Each order represents consumer trust and satisfaction; hence we meticulously monitor this number to assess growth trends and gauge market response.
We've successfully demonstrated our business model's efficacy, consistently generating an impressive Monthly Recurring Revenue (MRR) of $185 million. This is a clear testament to the robustness and scalability of our solution in the market.
Our company incorporated in
Nigeria
The primary risks of my startup Vevet include reliance on accurate data for AI decisions, rapid technology changes, marketplace competition and the variability of SME retailers' adoption to our system.
$
$4000
We raised investments
Family, friends and co-founders
$
$320000
Currently, we are raising investments
$
$3200000
Estimated pre-investment valuation of the company
