Executive

Tianggee

https://m.tianggee.com
Progress records
0
Stage of your startup
Paying users
When did you start
November 2019
City
Manila, National Capital Region, Philippines
Definition in 1 sentence
We're a social eCommerce and group buying platform using Facebook messenger or mobile app. We are inspired to become the "Pinduoduo of SEA".
Elevator pitch
We are building a platform that enables the buyer to purchase directly from the manufacturer via forming them into a group with other buyers using just social media or, a stand-alone mobile app. We are inspired to become the "Pinduoduo of SE Asia".
Are you incorporated?
Yes
Category
Consumer
Sector
E-commerce & online marketplaces
How do customers use or interact with your product?
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
Product Demo Video Adress
Video Password
Startup Presentation
retail.pitch.deck.pdf
Other Documents
Image gallery
Why do you want to attend this program?
I like to attend this program to be able to expand my network. Also, If I'll be lucky, I could found a partner investor within the network.
Create Date
Wednesday, December 9, 2020 13:28 (Alfon Chito Salano)

Business model

Describe the problem you are solving
We are trying to break the supply chain by connecting the consumer directly to the factory via grouping them in order to meet the quantity orders required by the factory.
How are your customers solving that problem today?
We are currently solving it by incentivizing the customer to buy the product with his friends or, by sharing the products he wants to buy and buy it in tandem or in a group with his friends. The more the group that he initiated and will be created, then the more he get money rewards he could use for his next purchase.
Target custormers - Define customers, who are they
How do you plan to acquire customers?
We give users money rewards to be added to his account when he shares the product he wants to buy or his wishlist. The more shares that the customer or potential customer we give them rewards. The sharing is done in social media like Facebook because our platform runs just on top of Facebook making it true social commerce. They could also share it using other social media like viber, instagram, etc.
What is your revenue model or expected revenue model?
The obvious revenue is we get discounts in the factory due to the volume of orders and we put a markup to it that could go up to 100% markup profit. Another monetization comes from the platform that we created that we'll charge around 3% to 10% to the external sellers who would wish to join in the platform and we have traction to this as well. When we get into scale other monetization will come to our fulfillment like we could invite sellers to subscribe to our platform with monthly/annual charg

Market info

What is your target market?
Our target market consists of users who are the existing online shoppers in the Philippines. Our SAM is 42M according to the 2018 data and it has grown twice since the covid.
What is your total available market size
$ 0
What steps have you taken to validate the market?
I have to be honest that we studied Pinduoduo and test the sharing and giving rewards to the customers. We also, test to get tandem buying and connecting to the factory to give a great value of price to the customer. So far being an aggregator works though it is cash-burning if done on a large scale or, to take it to the next level.
Do you have competitors? Please write down the names
Competitor name
Competitor website
Shopee
https://shopee.ph/
Lazada
https://www.lazada.com.ph/
Competition: write down competitors and explain
Who are your competitors and how are you different?
Our competitors are the leading retail marketplace in the Philippines right now. We are different because we are directing the consumer to purchase to the factory which will give them a great value of their money via rewarding buyers to purchase in group.
Traction / KPIs
What progress have you made in the last six months?
Since we just launched in Nov 2019, what we have achieved so far is that we were already to get a customer and has at around 3K monthly active users. We know that this is wrong when starting but, we have already got revenue and prioritize this because we have limited funding. We have launched a true social commerce platform that runs on top of Facebook and as well it runs as a stand-alone mobile app.
How many customers/users do you currently have?
We have currently around 3K monthly active users.
What is your monthly growth rate?
Our monthly growth rate is around x2. We could improve this with the help of capitalization so we could give more rewards to customers to be able to grow faster.
Describe traction

Finance

How much runway do you have left(Month)?
My startup is profitable
How is equity divided?
Equity type
Name surname
Email
Equity
Founder
Chito Salano
[email protected]
% 60
Co-Founder
Reynold Monares
[email protected]
% 10
Co-Founder
Joseph Cadag
[email protected]
% 10
Co-Founder
Grace Fajardo
[email protected]
% 10
Co-Founder
Ruther Martinez
[email protected]
% 10
How much money raised since start?
$ 100,000
Revenue lifetime
$ 0
Last months revenue
$ 3,400
Investment round
Target fund to raise
$ 450,000
Equity on offer
% 30
Number of employees
10
Other info Write bullet points (Grants, prizes, acceleration)
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Team

Owner member
Yes
Member role
Founder
Name surname
Alfon Chito Salano
Title
Tianggee - A Virtual Bazaar
Education
Bachelor Degree
School name
University of the Philippines
Birthdate
15 October 1982
City
Manila, National Capital Region, Philippines
Short Bio
I am a technical founder and in the retail business since I was young experienced from my parents. I love doing a consumer-based business mixed with innovative solutions. I've graduated in both Economics and Magna Cum Laude in Computer Science.
Owner member
No
Member role
Co-founder
Name surname
Joseph Cadag
Title
Chief Product and Operations
Education
Bachelor Degree
School name
PATTS College of Aeronautics
Birthdate
23 April 1990
City
Manila, National Capital Region, Philippines
Short Bio
I've graduated from technology university and aeronautics and worked in different fields of work. I accept challenges to do whatever job is put in front of me.
Owner member
No
Member role
Co-founder
Name surname
Reynold Monares
Title
CTO
Education
Bachelor Degree
School name
University of Caloocan
Birthdate
31 January 1989
City
Manila, National Capital Region, Philippines
Short Bio
I love coding and solving problems. I work on mobile apps, backend, and web. Basically, in all tech stacks.
Owner member
No
Member role
Co-founder
Name surname
Ruther Martinez
Title
CFO
Education
Master's Degree
School name
University of the Philippines
Birthdate
13 June 1984
City
Manila, National Capital Region, Philippines
Short Bio
I'm a licensed accountant and lawyer. I provide expertise in finance and legal matters.
Owner member
No
Member role
Co-founder
Name surname
Grace Fajardo
Title
Head of Partnerships
Education
Master's Degree
School name
Pamantasan ng Lungsod ng Maynila
Birthdate
27 August 1984
City
Manila, National Capital Region, Philippines
Short Bio
I'm a licensed nursed and teacher. I love teaching what I learned in the company to the young people and I continuously learn whatever challenge is put in front of me.