Date post: | 11-Nov-2014 |
Category: |
Technology |
Upload: | coupay |
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A Social Shopping site, that rewards Customers sharing activity. Lucas McEntee – Founder & CEO T: @lucasmcentee
• Over $30 billion by 2015 – Booz and Co, Pwc
• Its Trusted. 51% of Mums use Social networks
before a purchase. – Yahoo Business
• 1-3 “Mom-Fluencer”purchase post like/share
via Facebook. Yahoo business.
The Market, Social Commerce
• No one stop shop for consumers for the best deal. • Current Social Commerce Sites (Wanelo, Pinterest)
offer no incentive to purchase, i.e. coupons, cashback, free shipping, price comparison etc.
• No effective way to reward customers of social networks for their sharing activity.
• Flash Sale sites not always relevant deals.
The Opportunity
• Over 2000 retailers, 20 million products,
Coupons, Cashback and Price Comparison all
under one roof.
• Rewards for social sharing. Share and Earn.
• Customers can build their own profiles on
Coupay.
• Customers get relevant deals related to saved
products or followed retailers.
Coupay’s Solutions
Traction
$0.00
$10,000.00
$20,000.00
$30,000.00
$40,000.00
$50,000.00
$60,000.00
Jan Feb Mar April May
Total Retail Sales
Total Retail Sales
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
Jan Feb Mar April May
Total Signed Up Members
Total Signed Up Members
Traction
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
Jan Feb Mar April May
Income Value Per Purchase
Income Value Per Purchase
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
Jan Feb Mar April May
Retention - more than 1 purchase
Retention - more than 1 purchase
Founders have a strong track record.
Lucas McEntee - CEO Owned and sold a successful Corporate Advisory firm 2006-2010 Founded OHKI com.au, an online electronics and appliances retailer in 2010. Raised over AUD $1.3m. 1st pure play to in Australia to join a major buying group. Sold in Oct 2012 . Singtel Optus between 1995 and 2001 in various Sales and Corporate Roles. Hemang Lashkary – CTO Completing an Engineering Degree in India, Hemang secured a role at F-Secure Antivirus. Following that, he moved to Australia in 2009 and started a technical role at Tyagi an online electronics retailer. Headhunted for the role of Vice President IT role at OHKI. Over this 2 year period his responsibilities included staff management and all technical aspects of the OHKI website and systems.
Ross Veitch CEO WEGO, Head of Production & Engineering, Yahoo! Southeast Asia
Nick Gundry Skype - Head of Marketing, Asia Pacific, Former Yahoo, IHG, Co Founder Travelmob (exit)
Craig Hewett CCO WEGO, Director of E-commerce - Asia Pacific InterContinental Hotels Group
Investors and Advisory board – Superhero team
Affiliate commission on referred sales to retailers
Promoted retailers on site – Paid positions
Sale of traffic and Customer Data/Shopping Habits
Business Model
Currently Live
Post Funding
Post Funding
Flash Sales on Users’ saved Products – Very relevant and targeted.
Post Funding
Only site with all the major drivers to converting a sale. Unique Share to Earn. Minimum withdraw of $25, in $25 increments. Stellar Team. First mover advantages. Very low cost base.
We will win because...
Valuation and Use of Funds
Coupay is raising US $500,000 in seed capital. Pre money Valuation of US $1.5m Customer Acquisition, Marketing, Prizes and expand customer referral programs. New members currently < 60c CPA Further developments of the site to improve UX, and pay for support providers. Complete mobile site/app. US Site live with traction. Indian website launched May 2014
A Social Shopping site, that rewards users social sharing Lucas McEntee – Founder & CEO T: @lucasmcentee