Revolutionary AI-driven wedding coordination platform
Our startup idea arises from the personal experience of planning a wedding, during which we encountered numerous challenges in handling multiple workstreams, coordinating with various vendors, maintaining organized records, and managing budget. We identified an opportunity to streamline and simplify these complex tasks by incorporating powerful AI technology into an efficient wedding planning platform.
Vision: To morph wedding planning into a delightful, stress-free journey. Mission: To harness AI for personalized and efficient wedding coordination.
engaged couples wedding vendors including florist photographers wedding dj food venders and wedding planners
Wedify addresses the major pain points of wedding planning by reducing time, cost, and stress. It simplifies vendor sourcing, scheduling, and budgeting through AI-driven solutions, eliminating the need to juggle multiple platforms and vendors. Couples save energy and money while enjoying a more organized, streamlined planning experience, all in one convenient platform.
The actuality of the problem is confirmed by the fact that wedding planning is a $72 billion industry, with millions of couples facing stress, high costs, and disjointed solutions each year.
Wedify, our AI-driven platform centralizes all wedding planning elements - vendor sourcing, schedule coordination and budget management. It simplifies wedding preparations while saving cost and time.
Wharton's recommendation: Wedify uses AI to match couples with vendors based on their preferences. It simplifies booking, payment and planning tasks seamlessly.
With Wedify, wedding planning becomes efficient and stress-free, saving both time and money through personalized vendor matchmaking.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
As the project lead, I guide prototype development, direct market analysis, oversee competitive insights, and manage product demo presentation.
ian black founder and ceo corey wallace ada zhang santiago gonzalez are the co-founders
The market features platforms like Zola, The Knot, and Joy that provide comprehensive wedding solutions with user-friendly designs, vetted service providers, and flexible pricing models. Our competitive edge is in offering a more integrated AI-driven solution for peak convenience.
Wharton's recommendation: Wedify excels by using AI to offer personalized vendor matchmaking and efficient budgeting. We streamline wedding planning, saving couples time while providing a unified experience. Cost-effectiveness coupled with user convenience makes us stand above the rest.
Wharton's recommendation: Wedify earns through ads on the basic version, premium paid services for couples and planners, as well as from sponsored vendor listings.
In the next months, we plan to develop a proof-of-concept prototype for Wedify. Our focus will be on providing tangible experience through market analysis, competitiveness insights, and business model exploration. Funding requirements for development and expansion are also being calculated.
Key metrics for us are user engagement through social media clicks, demo sign-ups; free to paid conversions, customer retention and vendor interactions. We aim at raising engagement and leveraging this data to boost platform growth.
Our company incorporated in
The main risks could include technical faults in AI algorithms, data security breaches and lack of customer acceptance or trust in more hands-off, digital approach to wedding planning. Market competition, insufficiency of targeted vendors may pose as additional hurdles.
$
We raised investments
$
Currently, we are raising investments
$
Estimated pre-investment valuation of the company
Wedify is an AI-driven wedding planning platform designed to simplify the entire process for couples. We offer personalized vendor matching, budgeting, and scheduling in one seamless solution. Our revenue model includes a freemium structure with options for vendors and planners to gain targeted exposure, creating multiple income streams while enhancing user experience.