Idea - FICS

Karobaar

Team and Contact Details

Student Name School Degree Year Email
Hamza IqbalSEECSUndergraduateThirdhiqbal.bscs18seecs@seecs.edu.pk
Mohammad AbubakrSEECSUndergraduateThirdmohammadabubakr1113@gmail.com
Muhammad Haseeb Akhlaq SEECSUndergraduateThirdmakhlaq.bee18seecs@seecs.edu.pk
Taha JamshaidSEECSUndergraduateThirdtjamshaid.bscs18seecs@seecs.edu.pk

Inter School Idea ? No
Do you need expertises from another area: No
If Yes please provide details of expertises you need:

Idea Details

Idea Name: Karobaar
Slogan: Online marketplace for kiryana stores
Supervisor Name: Taufique Ur Rehman
Supervisor Designation: Professor
Supervisor School: SEECS
Supervisor Department: EE
Contact number: 0320 2544131
Email ID: taufique.rehman@seecs.edu.pk
Abstract:
    Our app will make it easy for the kiryana stores in the country to procure inventory for their stores through our Urdu-only app-based marketplace. It will connect kiryana stores and wholesalers.
What is the unmet need in society that your idea will fulfill ?
    These stores (locally known as kiryana stores) are generally run by a single person who normally buys a large part of their inventory from multiple sources at the wholesale market by spending hours there. It means that whenever they do this, the store remains closed.
Who needs it ? How many would benefit ?
   Kiryana Stores, and Wholesalers, There are about 2 million of such stores in Pakistan but all of them suffer from similar issues and sellers have always found it difficult to supply to stores.
How will the solution works
    Our app will offer a one-stop shop for buying inventory. Through our app, kiryana stores can login into the app and can order whatever they want from wholesale stores listed. Wholesale stores can also signup and offer their services as a seller. Suppliers can sell to stores directly through our app, enjoying greater sales at higher margins with zero additional investment. We will then transport the ordered shipment to kiryana stores using our fleet of rides.
Who are your competitors ? How is your solution different
    Bazaar is one of our competitors in our space but it mainly targets karachi as its market and its model is different from ours.
Status: new
Entry Date & Time: 2021-01-05 (1823)