Shopnest

Provides simple e-commerce tools for SMEs and Micro Entrepreneurs looking to leverage the Internet and software tools for their businesses.

Convertible Note   NG E-commerce Pre-seed
19 days left

$8,750
18% of the goal raised

5
Investors

$50,000
Target

25%
Discount

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Highlights

  • πŸ’° First sales channel as a marketplace was launched in September 2023
  • πŸ’΅ Payment integration (Paystack)
  • πŸ› Delivery option available (Kwik Delivery)
  • πŸ’¬ Direct communication channel between buyer and seller
  • πŸ“² Launched the mobile app for users in November 2023
  • πŸ‘₯ 600 SMEs have now been onboarded with around 3,000+ products uploaded

Convertible Note
Financial Instrument

$10
Minimum investment

$3,500,000
Valuation cap

July 7th, 2024
Deadline

Pitch

Shopnest is developing the orders and communication channels management tool for social commerce to help online sellers affordably handle their flows from multiple sales channels at the time without losing their deals.
Our primary goal is to empower and encourage entrepreneurship, while also safeguarding individuals from fraud and unethical traders.

PROBLEM
We highlight the constraints of employing social media channels for business activities. Specifically, these platforms are not tailored for conducting commercial transactions. They lack fundamental tools for managing products, orders, and logistics, and also fail to offer basic fraud prevention measures for buyers.

SOLUTION
We provide an exhaustive tool that connects multiple social media channels into one application to offer security features for buyers and business administration tools for sellers, creating a highly scalable model to enhance businesses across Africa. Our Africa-adapted business model feeds the Blue Ocean market since we are not competing but rather making our potential competitors into partners.

BUSINESS MODEL
We do not charge commission fees. Instead, our pricing model operates on a subscription basis, where each tier offers additional slots for listing products and extra features aimed at enhancing business efficiency.

MARKET SIZE
$8.5B

TRACTION
- πŸ’°First sales channel as a marketplace was launched in September 2023

- πŸ’΅ Payment integration (Paystack)

- πŸ› Delivery option available (Kwik Delivery)

- πŸ’¬ Direct communication channel between buyer and seller

- πŸ“² Launched the mobile app for end-user in November 2023

- πŸ‘₯ 500 SME-s onboarded with around 3000 products

LONG TERM GOALS
Our major long term goal is to scale to other African countries.

USE OF FUNDS
Cover monthly running costs.

1. Developing and launching new features
2. Growing our customer base via more aggressive marketing
3. Scaling to the next countries

This investment would help us to launch new features and significantly gain customer awareness to bring more vendors and buyers to the platform.

Team



Taivo Saks
CEO

Taivo has more than 12 years of experience running businesses in Nigeria and the last 8 years, particularly in the e-commerce industry in Jumia.



Mario Pauskar
CTO

Mario has vast experience in developing and managing SaaS platforms. In his previous role as CTO at Ridango (Estonia), he focused on the public transport e-ticketing system, which operates in 25 countries.



Olalekan Olakanmi
Country Manager

Olalekan has 9+ years of experience in the E-Commerce industry in Nigeria, after working with KONGA for over 5 years, where he left as a VP of Business Development, before joining JUMIA as an executive and spending over 4 years.

Documents
Company documents

Pitch deck
Brand guide
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