|Current Status||Revenue Generating, Pre-Profit|
|Funding Required||RM300,001 to RM600,000|
|Description||CentEase is a business conscious corporation with strong sense of corporate responsibility, geared towards connecting value to needs. CentEase, is an online retailer company, founded in January 2016, by Vernon Voon with his team of 3 and based in Penang, Malaysia. CentEase started its operation on the January, 2016. We defined CentEase’s business as 1st to market and its called B2M2C (centease.com to Marketplace to Consumer). The company provides an easy way to access consumer products through a dashboard that offers direct connection using an e-commerce to sell a wide variety of consumer BRANDED products online to both domestic and international market. CentEase goes to great lengths to ensure that its items are 100% authentic. We work with reputable suppliers/Distributor and brand company to ensure that we only sell authentic, new merchandise that comes with warranty. CentEase is managed by competent professionals with years of experience in the e-commerce industry.
The Founder’s complementary areas of knowledge and insight in the industry are expected to be maximized to harness the prospects in this business. The management team envisions achieving an alliance of a successful, tech-savvy and result-driven online platform service.
|Business Opportunity||In general, there are 2 options of selling the goods online. The 1st, build your own e-commerce website called B2C. For this option, you have to inject significant of fund to drive traffic to the website in order to grow big.
Another option is open store in marketplace such as Lazada, 11street. It’s called M2C. This is the most faster and cost effective to selling the goods online. However, you will face the challenges to build your own branding.
|Revenue / Business Model||In between these 2 options, we keep thinking on how we can achieve our mission without burning a bunch of cash. Finally, we found 2 words, leveraging & integration. We’re innovated a new business model, b2m2c.
Through our new business model, we able to offer the lowest price in online market in order to compete other rival.
|Management Team||Vernon Voon is a deep thinker, future-forward and solution-focused entrepreneur with over 5 years’ experience as a banking financial consultant.
Zoe Lim is the CTO of the company with over 10 years of cumulative experience as web application developer and advanced planning solution consultant.
Loh Yee Jia is the CPO at CentEase, he is a professional sales excecutive with in-depth knowledge in the pharmaceutical industry.
Chong holds the media marketing arm of the company with over 5 years of experience in the online retail/ecommerce industry.
|Company Background||– Incorporated Jan 2016
– In 2016, achieved about RM1.85 mil of revenue with 17% profit margin.
– For centease.com, achieved > 3000 register user, 15% is active with just spent less than RM10K marketing.
– Carry more than 60 brands in just 1 year milestone.
|Funding Milestone||Required RM500K. Please direct contact me to get the Pitch Deck.|
|% Equity Allocation||20|
|Exit Strategies||M&A by Amazon|
|Business Address||Bayan Lepas, Penang|
|Contact Person||Vernon Voon|