Community Shopping online website / mobile applications seeking RM7.5mil startup fund

Community Shopping online website / mobile applications seeking RM7.5mil startup fund

Project Cost: RM7,500,000

Amount Invested : RM15,000

Amount Required : RM7,500,000

Knowledge / Experience Required:
finance

Proposed Investor’s Role:
as mentor

Industry:
internet
consumer goods

Project Stage:
start-up

EXECUTIVE SUMMARY:

Company History:

A master’s degree in Integrated water resources management from Open University Malaysia and also a diploma in Instrumentation and Control (Industrial Electronics) from the German Malaysia Institute. Reneir is currently the Senior General Manager in Infrastructure Sales and Marketing of PSI Incontrol Sdn Bhd which does large scale control and automation systems.

Product / Service Description:

Based on the principle coined as “community shopping”, the consumers would register a monthly fixed expenditure of defined products from grocery and household supplies from an online website or mobile applications on the smart devices. There is no other system or method like this to govern the prices of goods by consumer participation

Business Opportunity:

There is an estimate speeding of RM725mil per month

Revenue Model:

By Being the cheapest service provider with the best service

Management Team:
Reneir

Current Status:
At Start up

Funding Milestone:
M1- RM2mil
M4 -RM2.5mil
M6 -RM2mil
M9 -RM1mil

Business Valuation:
To be discussed

Expected Return On Investment:
ROI within 13 months

Investment Risk and Mitigation:
Describes in Business Plan

Exit Strategies:
To Be discussed

*** Detail Business Plan Ready

CONTACT PERSON:

Reneir Tara
Kuala Lumpur
Malaysia

CAPITAL.MY