DropDash

I am using technology to deliver deliver food for
  • Sector Food Delivery
  • Country Nigeria
  • Founding date July 2020
  • Stage Users
In my community, I observed that the restaurants do not have delivery systems for their food, due to the costs involved in purchasing, and managing delivery vehicles. I have designed a webapp that links restaurants to customers and deliveries are made through any of our delivery personnel.

General

Sector
Food Delivery
Category
Software
Product usage or interact
Mobile/Tablet (Android))

Business

Target customer
People from age group 15-45(Food lovers, working class, students etc)
Customer acquisition strategy
Social media marketing, Analytics, Email marketing etc
Revenue model
The expected revenue model is to make 10,000 deliveries monthly, with a monthly cash inflow of 2,000,000 naira and an annual income of 7,200,000 naira

Market info

Market size
$200,000,000
Competitors
Competitor name
Competitor website
Chop now now
Metro Africa Express
Olilifoods
Olilifoods
Competition
Olilifoods-They take long time to reach their customers due to insufficient delivery bikes and they over charge on delivery.
Metro Africa Xpress Nigeria (MAXNG)- They do not have an active customer service team to attend to customer needs.
Startup traction
-Users registering and ordering food using the DropDash platform.
-Revenue generated from advertisements and promotions will give us a graph of our popularity in the market.
-Number of cities covered will signify the profitable expansion of our business.

Total early investment
$700,000
Shareholder structure
Owner type
Name
Equity
Iortyer Ushahemba Meshach
Founder
% 57
Hillary Kaior
Employee stock option
% 10
Foga Amos
Employee stock option
% 15
Beniah Yusuf
Employee stock option
% 18
Investment round
Angel Investment
Investment amount
$700,000
Equity on offer
% 25.0

Team

Meshach Iortyer  - Nigeria
Total team member
3
Comment
The DropDash platform will help solve the following: -Empower young people to sign up to be delivery personnels and earn money for themselves daily thus, minimizing unemployment in the society -Zero hunger- making food available for all - Increase restaurant sales, which in the long run will have a positive impact on the economy.
Last update: 13.09.2020