SlideShare a Scribd company logo
1 of 17
Bibek Bist
Dhamashree Subedi
Falak Perveen
Junu Nakarmi
Neetiz Adhikari
➢ Launched Service in May 2020
➢ Apparel and Fashion Thrifting
➢ Work with pre-obsessed
dresses
➢ Sustainable and economical
solution by optimally utilizing
the available resources
● Helping individuals monetize their assets in
the most convenient manner
● To save 100,000 kg of carbon emission in the
year 2021.
Vision
Role of Thrifting
➢ Enables individuals to make a
sustainable choice
➢ Reduces the amount of clothing items
that ends up in a landfill
➢ Directly helps to reduce carbon
emissions.
Short-term Long-term
● Keeping up with
Market Trends
● Marketing
segmentation
● Sales strategy
● Expanding store for
variation in
products.
● Hiring employees for
smooth operations.
Challenges
● Societal Issues
● Hard to find a product-
market fit
● Pandemic effect
Antidote’s Contribution in Solid Waste Management
● Helps to offset 15 kg of carbon emission.
● Globally we produce 13 million tons of textile waste
each year 95% of which could be reused or
recycled.
● Directly offset 15 kg of carbon emissions (saved
10,000 kg of carbon emissions in 2020, goal of
saving 100,000 kg of carbon emission in the year
2021.
Minimizes mass production
Leads to less landfill waste
production
Helps in solid waste
management
Suggestion to Improve
Solid Waste Management
● Learn to mend rather than to
discard things.
● Raise awareness on the topic of
waste management at home
● Reuse and recycle
Suggestion to Improve
● Think Sustainable Materials Management
● Avoid the route to the Landfill
● Take a Collaborative Approach
● Separating waste
● Collection of waste door to door
● Project, planning and implementation of
waste-to-compost
We interviewed Manish Jung Thapa, founder of Antidote Nepal.
About the Interview
1. What struck the idea of Antidote to you?
Antidote GO launched its service back in May 2020 as a marketplace for
second-hand apparel and accessories. Previously, we had another segment,
Antidote Nepal, which was a clothing rental platform. But, during the lockdown, we
faced a serious setback and challenge as our sales were down by 95%. As cash
reserves were slowly depleting, we had to come up with ways to stay afloat. That's
when one of our team members suggested that we are already working in the rental
of second-hand items, what if we expanded to selling as well. That's how we started
Antidote GO.
1. What is the company's vision statement?
To help individuals monetize their assets in the most convenient manner.
1. What did your close circle had to say about the idea?
I had a lot of critics and naysayers when I first shared this idea with my close-
knit circle. I wouldn't blame them because we have been conditioned in such a way
that we frown upon even with the thought of wearing second-hand clothes.
4. How did you assemble the team?
Actually, the starting of Antidote GO was not that hard. We had a year of experience, a team,
and insights on the industry of second-hand items- all thanks to Antidote Nepal. But, the case was
completely different when starting out with Antidote Nepal. I was the only one working at the
company for three and a half months. Once I convinced myself that this was worth a shot, I began
reaching out to my friends and their friends. That's how the first five hires came about.
5. How is your company contributing to the waste management system or in making the
environment better?
Our business model is such that every time we enable sales through our platform, we directly
offset 15 kg of carbon emissions. In the year 2020, we directly saved 10,000 kg of carbon emissions
and we have a mammoth goal of saving 100,000 kg of carbon emission in the year 2021.
We were clear from the beginning that in spite of being a for-profit business, we would make an
attempt to raise awareness about climate change and the importance of consumers in
championing the case. We made sure that every individual who buys/sells through our platform is
made aware of the fact that they helped us save carbon emissions. This creates positive
reinforcement and encourages them to tell their friends about us.
6 & 7). How has the pandemic affected your business? How was it earlier and whats the
current situation?
It has substantially affected our first segment Antidote Nepal. Our entire business revolved
around fulfilling the needs of looking good when going out to events. Due to the lockdown,
95% of our orders were canceled and throughout the quarter our sales plummeted by more
than 90%. Despite these setbacks, we were able to launch Antidote Masterclass, a training
platform, and Antidote GO during the lockdown.
We are constantly trying to digitize our business model. We are investing in a WebApp that
will enable resellers across Kathmandu to list, buy and sell their pre-loved items. We are also
planning to begin our in-house logistic service to ease last-mile delivery as well. Time's
changing and only those businesses will survive that will adapt.
8. What are your long-term plans and short-term plans for management?
We are looking forward to introducing our WebApp, which will formally embark Antidote GO,
on our journey as a pre-used marketplace. We are hopeful this will help us expand by leaps
and bounds. Similarly, we aim to expand into categories such as books, shoes, and bags as
well. For the short-term, closely monitoring the expenses, trying to reform and restrategize
has to be our top priority.
9. What is the role your company is playing in the environment?
We are a) enabling individuals to make a sustainable choice, b) reducing the demand of
brand new items and the scarce resources that goes into manufacturing them, and c)
directly reducing the amount of clothing items that ends up in a landfill. All of this directly
helps us reduce 15 kg of carbon emissions.
10. How do you feel about other people creating their own thrift store pages on Instagram?
How is that turning out for your company?
I think that's amazing. This will only help the industry to grow. We are not a thrift store so
mushrooming thrift stores do not possess a threat. We are rather, a Daraz for other thrift
stores. We have currently more than 80 thrift stores that sell their items through us.
Our logistics service, payment processing service, customer support, and everything that
helps to sell a second-hand item is really of value to small-time thrift store owners. So we
actually benefit from the increasing numbers of thrift stores.
11. What are the challenges your company is facing?
We are currently testing the product-market fit for our business model. This is the most
challenging state for any startup or new business. We are yet to find a perfect product-
market fit, albeit trying our level best. Lack of access to institutional finance from BFIs and
an ability to hire exceptional talents have to be the current challenge that we face as a
company.
References
https://nepal.communitere.org/antidote-apparels-innovating-and-adapting-to-the-pandemic/
https://www.facebook.com/antidotego.shop/
https://www.instagram.com/antidote.go/?hl=en
https://couchpotatowrites.blogspot.com/2020/08/thrift-culture-in-nepal.html?m=1
https://www.thebalancesmb.com/textile-recycling-facts-and-figures-2878122
https://medium.com/@NEHUB/entrepreneurs-in-spotlight-antidote-medicine-for-fast-fashion-a6d5c42d2a7d

More Related Content

Similar to Antidote.pptx

Varun Bayla BBA 3rd Year
Varun Bayla BBA 3rd YearVarun Bayla BBA 3rd Year
Varun Bayla BBA 3rd YearDezyneecole
 
Start being lean
Start being leanStart being lean
Start being leanStart
 
Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...
Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...
Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...Simba Events
 
Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...
Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...
Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...Simba Events
 
QNnet - legit or scam?
QNnet - legit or scam?QNnet - legit or scam?
QNnet - legit or scam?Said_said
 
Omnichannel and multichannel - How to decide?
Omnichannel and multichannel - How to decide?Omnichannel and multichannel - How to decide?
Omnichannel and multichannel - How to decide?AtulShivnani2
 
How to build a valuable business with innovation
How to build a valuable business with innovationHow to build a valuable business with innovation
How to build a valuable business with innovationBradley Pallister
 
Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...David Gyertson
 
Case Study: Alibaba's Expansion
Case Study: Alibaba's ExpansionCase Study: Alibaba's Expansion
Case Study: Alibaba's ExpansionJean-Baptiste Bard
 
Sample Business Presentation
Sample Business PresentationSample Business Presentation
Sample Business PresentationJOHN EDMONTON
 
1big bazaar-1226584692310222-9
1big bazaar-1226584692310222-91big bazaar-1226584692310222-9
1big bazaar-1226584692310222-9Amit Kumar
 
Top 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project Ideas
Top 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project IdeasTop 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project Ideas
Top 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project IdeasMariya James
 
Anıl Sural - Trend Company Social Buiness Plan
Anıl Sural - Trend Company Social Buiness PlanAnıl Sural - Trend Company Social Buiness Plan
Anıl Sural - Trend Company Social Buiness PlanAnıl Sural
 
Business opportunity for the rest of us
Business opportunity for the rest of usBusiness opportunity for the rest of us
Business opportunity for the rest of usEliseu Tavares
 
Subhakar rao interview with management next
Subhakar rao interview with management nextSubhakar rao interview with management next
Subhakar rao interview with management nextSubhakar Rao Surapaneni
 

Similar to Antidote.pptx (20)

Varun Bayla BBA 3rd Year
Varun Bayla BBA 3rd YearVarun Bayla BBA 3rd Year
Varun Bayla BBA 3rd Year
 
Start being lean
Start being leanStart being lean
Start being lean
 
Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...
Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...
Digital Class: Cultural Branding, Build the Brands Future in the Digital Worl...
 
Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...
Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...
Do Food Tech Startups Have the Recipes for Consumers of Tomorrow —Joseph Zhou...
 
QNnet - legit or scam?
QNnet - legit or scam?QNnet - legit or scam?
QNnet - legit or scam?
 
Omnichannel and multichannel - How to decide?
Omnichannel and multichannel - How to decide?Omnichannel and multichannel - How to decide?
Omnichannel and multichannel - How to decide?
 
How to build a valuable business with innovation
How to build a valuable business with innovationHow to build a valuable business with innovation
How to build a valuable business with innovation
 
Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...
 
Case Study: Alibaba's Expansion
Case Study: Alibaba's ExpansionCase Study: Alibaba's Expansion
Case Study: Alibaba's Expansion
 
Sample Business Presentation
Sample Business PresentationSample Business Presentation
Sample Business Presentation
 
1 Big Bazaar
1 Big Bazaar1 Big Bazaar
1 Big Bazaar
 
1big bazaar-1226584692310222-9
1big bazaar-1226584692310222-91big bazaar-1226584692310222-9
1big bazaar-1226584692310222-9
 
Top 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project Ideas
Top 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project IdeasTop 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project Ideas
Top 8 eCommerce Business Ideas for 2021 | eCommerce Startups & Project Ideas
 
Rashmi
RashmiRashmi
Rashmi
 
Rashmi
RashmiRashmi
Rashmi
 
Anıl Sural - Trend Company Social Buiness Plan
Anıl Sural - Trend Company Social Buiness PlanAnıl Sural - Trend Company Social Buiness Plan
Anıl Sural - Trend Company Social Buiness Plan
 
Business opportunity for the rest of us
Business opportunity for the rest of usBusiness opportunity for the rest of us
Business opportunity for the rest of us
 
Subhakar rao interview with management next
Subhakar rao interview with management nextSubhakar rao interview with management next
Subhakar rao interview with management next
 
mma anthem
mma anthemmma anthem
mma anthem
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
 

Recently uploaded

8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCRashishs7044
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africaictsugar
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportMintel Group
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Riya Pathan
 
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadIslamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadAyesha Khan
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 

Recently uploaded (20)

8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample Report
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737
 
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadIslamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 

Antidote.pptx

  • 1. Bibek Bist Dhamashree Subedi Falak Perveen Junu Nakarmi Neetiz Adhikari
  • 2. ➢ Launched Service in May 2020 ➢ Apparel and Fashion Thrifting ➢ Work with pre-obsessed dresses ➢ Sustainable and economical solution by optimally utilizing the available resources
  • 3. ● Helping individuals monetize their assets in the most convenient manner ● To save 100,000 kg of carbon emission in the year 2021. Vision
  • 4. Role of Thrifting ➢ Enables individuals to make a sustainable choice ➢ Reduces the amount of clothing items that ends up in a landfill ➢ Directly helps to reduce carbon emissions.
  • 5.
  • 6. Short-term Long-term ● Keeping up with Market Trends ● Marketing segmentation ● Sales strategy ● Expanding store for variation in products. ● Hiring employees for smooth operations.
  • 7. Challenges ● Societal Issues ● Hard to find a product- market fit ● Pandemic effect
  • 8. Antidote’s Contribution in Solid Waste Management ● Helps to offset 15 kg of carbon emission. ● Globally we produce 13 million tons of textile waste each year 95% of which could be reused or recycled. ● Directly offset 15 kg of carbon emissions (saved 10,000 kg of carbon emissions in 2020, goal of saving 100,000 kg of carbon emission in the year 2021.
  • 9. Minimizes mass production Leads to less landfill waste production Helps in solid waste management
  • 10. Suggestion to Improve Solid Waste Management ● Learn to mend rather than to discard things. ● Raise awareness on the topic of waste management at home ● Reuse and recycle
  • 11. Suggestion to Improve ● Think Sustainable Materials Management ● Avoid the route to the Landfill ● Take a Collaborative Approach ● Separating waste ● Collection of waste door to door ● Project, planning and implementation of waste-to-compost
  • 12. We interviewed Manish Jung Thapa, founder of Antidote Nepal. About the Interview 1. What struck the idea of Antidote to you? Antidote GO launched its service back in May 2020 as a marketplace for second-hand apparel and accessories. Previously, we had another segment, Antidote Nepal, which was a clothing rental platform. But, during the lockdown, we faced a serious setback and challenge as our sales were down by 95%. As cash reserves were slowly depleting, we had to come up with ways to stay afloat. That's when one of our team members suggested that we are already working in the rental of second-hand items, what if we expanded to selling as well. That's how we started Antidote GO. 1. What is the company's vision statement? To help individuals monetize their assets in the most convenient manner. 1. What did your close circle had to say about the idea? I had a lot of critics and naysayers when I first shared this idea with my close- knit circle. I wouldn't blame them because we have been conditioned in such a way that we frown upon even with the thought of wearing second-hand clothes.
  • 13. 4. How did you assemble the team? Actually, the starting of Antidote GO was not that hard. We had a year of experience, a team, and insights on the industry of second-hand items- all thanks to Antidote Nepal. But, the case was completely different when starting out with Antidote Nepal. I was the only one working at the company for three and a half months. Once I convinced myself that this was worth a shot, I began reaching out to my friends and their friends. That's how the first five hires came about. 5. How is your company contributing to the waste management system or in making the environment better? Our business model is such that every time we enable sales through our platform, we directly offset 15 kg of carbon emissions. In the year 2020, we directly saved 10,000 kg of carbon emissions and we have a mammoth goal of saving 100,000 kg of carbon emission in the year 2021. We were clear from the beginning that in spite of being a for-profit business, we would make an attempt to raise awareness about climate change and the importance of consumers in championing the case. We made sure that every individual who buys/sells through our platform is made aware of the fact that they helped us save carbon emissions. This creates positive reinforcement and encourages them to tell their friends about us.
  • 14. 6 & 7). How has the pandemic affected your business? How was it earlier and whats the current situation? It has substantially affected our first segment Antidote Nepal. Our entire business revolved around fulfilling the needs of looking good when going out to events. Due to the lockdown, 95% of our orders were canceled and throughout the quarter our sales plummeted by more than 90%. Despite these setbacks, we were able to launch Antidote Masterclass, a training platform, and Antidote GO during the lockdown. We are constantly trying to digitize our business model. We are investing in a WebApp that will enable resellers across Kathmandu to list, buy and sell their pre-loved items. We are also planning to begin our in-house logistic service to ease last-mile delivery as well. Time's changing and only those businesses will survive that will adapt. 8. What are your long-term plans and short-term plans for management? We are looking forward to introducing our WebApp, which will formally embark Antidote GO, on our journey as a pre-used marketplace. We are hopeful this will help us expand by leaps and bounds. Similarly, we aim to expand into categories such as books, shoes, and bags as well. For the short-term, closely monitoring the expenses, trying to reform and restrategize has to be our top priority.
  • 15. 9. What is the role your company is playing in the environment? We are a) enabling individuals to make a sustainable choice, b) reducing the demand of brand new items and the scarce resources that goes into manufacturing them, and c) directly reducing the amount of clothing items that ends up in a landfill. All of this directly helps us reduce 15 kg of carbon emissions. 10. How do you feel about other people creating their own thrift store pages on Instagram? How is that turning out for your company? I think that's amazing. This will only help the industry to grow. We are not a thrift store so mushrooming thrift stores do not possess a threat. We are rather, a Daraz for other thrift stores. We have currently more than 80 thrift stores that sell their items through us. Our logistics service, payment processing service, customer support, and everything that helps to sell a second-hand item is really of value to small-time thrift store owners. So we actually benefit from the increasing numbers of thrift stores. 11. What are the challenges your company is facing? We are currently testing the product-market fit for our business model. This is the most challenging state for any startup or new business. We are yet to find a perfect product- market fit, albeit trying our level best. Lack of access to institutional finance from BFIs and an ability to hire exceptional talents have to be the current challenge that we face as a company.
  • 16.