Idea - FICS

SwapDE Wardrobe

Team and Contact Details

Student Name School Degree Year Email
Safa KhalidNBSUndergraduateFourthsafakhaliddd@gmail.com
Ali Ahmed KhanNBSUndergraduateFourthali15.player@gmail.com
Fatima KhalidNBSUndergraduateFourthfatima_khalid626@yahoo.com

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: SwapDE Wardrobe
Slogan: Hire your dream Dress!
Supervisor Name: Dr. Adeel Tariq
Supervisor Designation: Assistant Prof
Supervisor School: NBS
Supervisor Department: NBS
Contact number: 0519853226
Email ID: adeel.tariq@nbs.nust.edu.pk
Abstract:
    Young girls wear an expensive outfit once and feel embarrassed to repeat it. Swap de wardrobe is a high-end cloth pooling and rental platform to fulfill the need of young girls to wear new outfits.
What is the unmet need in society that your idea will fulfill ?
    We meet the need of society by providing girls with the opportunity to rent clothes for different events and lenders the opportunity to earn and free the space in their wardrobe.
Who needs it ? How many would benefit ?
   Young girls need this the most as they have to buy costly dress for every event. It benefits lenders to earn and make space in wardrobe, borrowers to wear different dresses on different events and society to generate employment; sustainable consumption, and would be creating an impact on innovation.
How will the solution works
    We stock high-end luxurious clothing items and accessories. We will be creating an application and have social media presence for people to lend as well as borrow, aiming to provide borrowers at a cost of 30 percent of the retail price, out of which 15 percent would be earned by lenders. We aim on maintaining adequate databases of the participants to ensure no damage to the clothing items. We will also be using the necessary hygiene procedures to avoid the risk of Covid.
Who are your competitors ? How is your solution different
    We have only one competitor named Closet and some other competitors who do not have an online presence. Understanding the users need, connecting with our customer is the key to our business and makes us more competitive
Status: new
Entry Date & Time: 2021-01-10 (1449)