|Current Status||Concept / Business Plan Ready|
|Funding Required||RM600,001 to RM1,000,000|
|Description||A mobile application for food and groceries delivery that gives a user the ability to place an order from smartphones at their fingertips.|
|Business Opportunity||Our mission is to provide solutions for our community of working people, students, elderly, disabled people and suburban residents. With our mobile application, we able to influence people with busy lifestyles, heavy traffic issues and job fortuity. Besides that, we give an opportunity for our local merchants to expand their market and values.
Our target market is based on Malaysian population which is 31,381,992 (est July 2017). We target 10% out of Malaysian population beginning from Kuching Sarawak (969,400 est 2017). Our age target is between 15 years old to 65 years old, we believe by doing those target market we are able to improve our mobile application in the future.
|Revenue / Business Model||1. We charge our user RM 2.00 per service fee followed by the delivery fee.
(example: 10% population of Kuching Sarawak 96,940 x RM 2.00 = RM 193,880.00)
2. Our merchant monthly sign up fee is RM 50.00, we have more than 2,500 active merchants in Kuching Sarawak
(example: 10% merchant in Kuching equal to 250 merchants x RM 50.00 = RM 12,500.00 per month
= RM 150,000.00 per year
|Management Team||1. Andhie Joshua Melling (Founder)
10 years in Business Marketing
8 years in IT
Diploma in Political Science
2. Valerie Sulau (Co-founder)
|Company Background||Pre-seed and startup business|
|Funding Milestone||40% Mobile Application Development
55% Operation Cost
|% Equity Allocation||maximum of 20%|
|Expected ROI||minimum of 10%|
|Risks and Mitigation||Risk
2. moderate revenue growth for the 1st year operation.
|Exit Strategies||Exit Strategies (5 – 6 years)
2. Merger and acquisition
|Company Name||Bahtera Megah|
|Business Address||PIBU office, Block 2, 2nd floor, Sultan Tengah Road, 93050 Kuching.|
|Contact Person||Andhie Joshua Melling|