A Georgian SME has created an e-commerce platform that solves the problems faced by SMEs through its country-customization. The platform makes possible creation of sophisticated online shop with built-in modules of essential services. Online shops created through the platform are equipped with innovative AI-tools. After successful launch on Georgian market, the company seeks investors and/or joint venture partners in Europe and beyond to accelerate business growth and enter new markets.
The company was founded in Tbilisi, Georgia, in November 2018 through shareholders' investments. The company has created an e-commerce platform, that gives the opportunity for entrepreneurs to create their own online shop only in 2 minutes and start selling immediately. The customers do not need any specific knowledge in software development, product placement and choosing preferred features are the only things have to be done by the customer. The Platform has integrated all the essential services needed for successful digital business: online payments, delivery systems, inventory management systems, accounting, and ERP services, adopted to the local tax code and regulations. The company is partnering with the 3 largest banks in Georgia, national and international delivery companies, ERP & Accounting system provides to fully satisfy customer needs. Currently, the company operates on the Georgian market and offers to the entrepreneurs an innovative solution destroying all the barriers that hinder e-commerce development. With up to 200 active users the company has managed to pull ahead of the global competitors on the Georgian market. The founding team has great experience in software and web development, competence in AI, math, logistic, marketing and managing global enterprises. The company seeks investors and would like to find a partner for a financial or joint venture agreement in different countries in Europe or in the USA or Israel. Under the partnership is considered close cooperation at the international level, support in financial terms and not only, to accelerate business growth and enter the new markets.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The company seeks investors (Angel; VC), who share the values in promoting, supporting and developing access to the innovative technologies for the global community; Investors, who see the great potential and perspectives in the further development of e-commerce. Under the partnership is considered close cooperation at the international level, support in financial terms and not only, to accelerate business growth and enter the new markets. The following steps are priority activities for the platform: Further development of AI-Module; Marketing & Promoting; Market entry in other countries.
Stage of Development:
Already on the market
Comments Regarding Stage of Development:
After launch in November 2018 company demonstrated fast grow in terms of customer number and started to generate revenue already in two months. Currently, the company is expanding its service portfolio to cover the hospitality sector, due to the high interest and demand.