|Current Status||Concept / Business Plan|
|Amount Invested||RM 500|
|Funding Required||RM600,001 to RM1,000,000|
|Description||Fiesto Mart is a convenience store that uses a standard grocer business process but which use an alternative retailing platform, it offers better opportunities than regular ones by using high-tech vending kiosk as a replacement of an actual physical store. The strategy allow us to provide good priced, high-demanded products that can be bought anytime and instantly. Fiesto-mart project mission is to be the leader in introducing innovative, quality vending kiosk and grocer concept equipment to the market. Through close customer contact and excellent relationships, we will meet the needs of our customers wherever we can. Fiesto-mart is a privately-held Bumiputra corporation under Fiesto Tech company and planning on setting up an office together with a small warehouse in Bangi, Selangor.|
|Business Opportunity||-Some residential area do not have a convenient store nearby, so residents have to ride to go to their nearest store. Fiesto mart provide a platform for resident to shop within their walking distance so they can grocery shopping instantly and conveniently.
-Most of convenient store in Malaysia open from 9.00am to 10.00pm, research shows that 71% of Malaysian worker works during office hours. So that leads majority Malaysian workers approximately 5 hours to go to convenient store before it closes. Fiesto mart will provide a platform for resident to shop any time, any day of the week. Shop that open 24 hours a day so the resident do not have to make time to shops for grocer.
-When emergency situation occur within a residential area, no immediate respond can be made. However, Fiesto Mart provide a platform which provide emergencies product like medicine and emergency kit for the times needed.
-With a right capital and good execution, this project can change our nation economy and grocery industry. It will be as huge as Speedmart, 7-eleven and even Tesco.
|Revenue / Business Model||We selling products to our customer by placing automated equipment as a retailing platform nearby their home with a good pricing and availability. This project have a multiple revenue:
-selling products in the vending kiosk to our customer.
|Management Team||Ahmad Fitri Hakim
-Degree in Information System
-Business Management, software and hardware analyst, advanced computer skills, strategy planning.
-2 years stand-alone company, handled over 15 IT projects.
-Degree in Finance
-Marketing, growth strategy, Finance.
-2 years experience as a stockbroker and financial consultant.
-Diploma in Metallurgy Engineering
-Technical support and Maintenance.
-Whole life experience with family business, currently taking Degree in business administration.
-Diploma in Business Administration
-Supply-chain management, researcher and graphic designer.
-Handled IT company for almost 2 years, whole life experience with family business.
-Diploma in Accounting
-Accounting and Operation
-Created and Managed accounting for a company
|Company Background||Fiesto Tech Network is a new privately-held Bumiputra corporation that focus on innovation of existing business. We analyze existing business, find problems and go for an opportunity for its enhancement. We started from an IT solution and development standalone company named Rogue Epic registered in 2014, as the technology evolving, we find IT industry future are not as golden as it used to be. So we starts fresh, find new industry, and found a perfect project to boost our company ahead. However, since we start from scratch and recruit people for this big project, we do not have any money to pursue the project. All research, strategies and actions required are ready, all we do not have is money.|
|Funding Milestone||OCTOBER: Mechanism training and equipment import process (RM420,000)
NOVEMBER: Warehouse,distribution, operation set up(RM150,000)
DECEMBER: Market testing and implement TouchNGo R&D system,beta-testing (RM130,000)
JANUARY: Product in the market.
MARCH-APRIL: Product in the market.
|% Equity Allocation||to be advise|
|Risks and Mitigation||People with money can easily copy the idea and have a better business network. We planned the growth of the project perfectly. With enough fund, we can gain a huge competitive advantage, we also found a perfect location and distribution route so we can dominate entire Malaysia, Singapore and Indonesia quickly and effectively.|
|Exit Strategies||to be advise.|
|Company Name||Fiesto Tech Network|
|Business Address||No.60, Jalan 6/6b, Bandar Bukit Mahkota, 43000 Kajang, Selangor Darul Ehsan|
|Contact Person||Ahmad Fitri Hakim|