| Project Title | SharperShopper is an online comparison website for groceries. We enables users to compare prices across a number of supermarkets in Malaysia. |
|---|---|
| Current Status | Pre-Revenue |
| Amount Invested | RM 90,000 |
| Funding Required | RM300,001 to RM600,000 |
| Description | SharperShopper is an online comparison website for groceries, household items and health and beauty products in local supermarkets. We enables users to compare prices across a number of supermarkets in Malaysia. We aim to help people save as much as 30% by using our site to compare before buying. We aim to serve as a community benefit to make sure grocery shoppers get the best value for their grocery purchases. Assuring shoppers with the best prices and discounts. Shop wisely, conveniently, and of course, save money. |
| Business Opportunity | Grocery items are becoming more expensive. Inflation is rising in Malaysia. Cost of items are becoming more expensive than ever with the recent implementation of the Goods and Services Tax and the currency depreciation of the Ringgit (MYR). Grocery shopping is a MUST for every individual, whether buying once a week or once a month, they must buy groceries and household needs. By using SharperShopper.my, your savings could reach up to 30% by knowing which supermarket has the cheapest items for the things you want to buy. Buying things at promotional prices or discounts and making every Ringgit value count, would be a necessity to leading a comfortable lifestyle in Malaysia. We have made a local survey on the need to have a grocery comparison website. Close to 95% of the respondents agreed for a need to have a big and full scale grocery comparison website. We have about 2,000 plus visitors a month.
In the future where grocery shoppers will shop for their groceries online. And they can save much more by making comparison for the items they want to buy by using the app. TESCO Malaysia went actively online allowing deliveries since 2015. Giant (Malaysia) and AEON (Malaysia) will begin its launch in 2016. The rest will have to follow suit to maintain their market share of customers. |
| Revenue / Business Model | We have 3 revenue sources. (1) Paid advertisement by major supermarkets in our website space. (2) Pay Per click for each reference from our website directed to the supermarket online delivery website for order purchase. (3) Mini, smaller retailers promoting their grocery items online in our comparison platform. |
| Management Team | The team’s strength is that they are very pro-active and hardworking. They are motivated by helping others make the best purchase of their Ringgit’s worth. We are a team of careful shoppers with good and sharp skills in managing grocery expenditures and would like to share with everyone on saving the most important and expensive part of necessity spending, which is our groceries. Making it cheaper & affordable by shopping wisely. |
| Company Background | Company Name: Megah Fortune Sdn Bhd Website name: Sharpershopper.com.my Date Founded: June 2015 Address: E-2-22, IOI Boulevard, Jalan Kenari 5, Bandar Puchong Jaya, 47170 Selangor Darul Ehsan, Malaysia. Investment Made to Date: RM 90,000 No profit |
| Funding Milestone | RM 600,000 for the first 2 years Current traction of visitors at approximately 2,000. To increase traction base to 10,000 by first half of 2016. RM 250,000 Increase to 50,000 by end 2016. RM 200,000 100,000 by first half 2017 and subsequently 300,000 by end 2017. RM 150,000 |
| % Equity Allocation | 30% |
| Expected ROI | 5 years at 20 times their investment |
| Exit Strategies | 1) Trade sale 2) Flotation 3) Going Public |
| Company Name | Megah Fortune Sdn Bhd |
| Website/Facebook | http://SharperShopper.com.my |
| Business Address | E-2-22, IOI Boulevard, Jalan Kenari 5, Bandar Puchong Jaya, 47170 Selangor Darul Ehsan, Malaysia. |
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