2. MISSION AND NEEDS
SPARE IT! is an Android Mobile
Application that helps users locate the
required commodity (Grocery,
Electronics, Furniture) within user’s
vicinity removing the hassle of commuting
to a far off grocery store.
3. Tushar comes from India to Syracuse
University. One evening, he runs out of rice
at his place. Tushar does not have a car.
And the grocery store is more than a mile
away. What should Tushar do?!!...
He has Spare IT!
Tushar posts his request on Spare IT !
and sets his location preference.
4. Abhilash who is another user of Spare IT!
staying very close by to Tushar, gets a push
notification saying that Tushar is looking
for rice who is just 0.2 miles away.
5. Abhilash as a seller, uploads the photo of
the rice that he has, and also sets the
location preferences to get notified on the
people who are looking for rice near to him.
6. Tushar as a buyer, sees a list of people
who are willing to sell the rice located
around him. He selects the required
seller .
7. Tushar sees the contact information of the
seller and photo of the product(rice).
VIOLA!!! Tushar gets what he needs without
commuting longer distances to find the rice.
8. REVENUE MODEL
Available for free at Play Store.
Freemium Model - first 10 posts free for each category
(Buy/Rent/Sell/Spare).
Fees of $1 for every subsequent 20 posts in each category.
9. KEY STRATEGIES FOR TODAY AND
TOMORROW
Next 6 months…
Creating a strong user base at Syracuse.
Next 1 year …
Expanding the user base by reaching out to
other universities
Next 2 years …
Acting as a middleman to cater users needs by
providing delivery services by collaborating with
Retail stores.
11. MARKETING STRATEGIES
Phase – 1
Reaching out to SU students through Social Networking
platforms.
We have spoken to 100-150 students of both Indian and
Chinese community.
We have over 100 Likes already on Facebook Page.
https://www.facebook.com/spareitapp
Phase – 2
Reaching out to other Universities through common friends,
Social Networking Platforms and Promoted Ads.
12. FINANCE – COST BREAK UP
PLATFORM USED – PARSE
6 MONTHS ( $ 400 / MONTH) - 70 REQUESTS
PER SECOND
File Storage 20GB ($0.03/GB extra)
Database Storage 20GB ($200/20GB extra)
File Transfer 2TB ($0.10/GB extra)
Push notifications and analytics included
13. SUCCESS FACTORS
SCALABILITY
Scalable to any business verticals – books, Vehicles…
MARKET DEMAND
Huge Customer base in the form of International
University Students.
14. KEY COMPETITORS
COMPANY CONS SPARE IT!
• Not real time
• Untapped grocery market
• Does not incorporate precise
Geo – fencing technology
• Real time
• Includes grocery market
• Precise Geo- fencing technology
which can list neighbor
• Service through middle man
• Not a 24 * 7 service
• Scalability issues
• No middle man involved !
• Up and running all the time
• Easily Scalable
15. SPARE IT! TEAM
Abhilash (Co-Founder)
Graduate Student
(Computer Engineering)
Software Developer at
Oracle (2011-2014)
Tushar (Co-Founder)
Graduate Student
(Computer Engineering)
Software Developer at
TCS (2013-2014)
Sohen (Co-Founder)
Graduate Student
(Information Science)
Research Intern at
General Automotive
Company (2012-2013)
