SlideShare a Scribd company logo
INTRODUCING NIGERIA’S
FIRST INGENIOUS SOLUTION
TO HUNGER
SATISFACTION….
   Has there ever being a time
    when you were seriously
    hungry but stuck with work,
    lectures or racing against a
    deadline?
   Now you have an ingenious
    and easy-to-use solution at
    your fingertips….
    introducing….

         ee ps...cho psoo the fly
          Cho ps...cho nn the fly
           Cho ps
Please meet eChops….

                   eChops
               Nigeria’s first online food portal.
               Imagine ordering for your food from
               the comfort of your room, office and
               have it delivered to you in no time…
               Now that’s possible in Nigeria via
               eChops…




                         e ho
                          C ps...cho o thefly
                                    ps n
About eChops…
•   In 2009 alone, Fast food in Nigeria have
    experienced rapid growth, close to 30% year-on-
    year to reach a total revenue of around $400
    million from around 800 outlets, without online
    presence. From our surveys and potential customer
    interviews, this indicates a lot of missed potential.
    Hence the need for eChops.
•   So, it’s that easy…view and place your order…
    and we deliver. That’s the eChops way. View your
    favorite restaurants…then order for a token.
                                     e ho
                                      C ps...cho o thefly
                                                ps n
The Team..the eChoppers
•   The eChops team constitutes of a team of six budding
    student entrepreneurs all of the University of Ibadan with
    disciplines ranging from Electrical & Electronic Engineering to
    Computer Science.
•   Olukoya Didunoluwa, the team lead is an undergraduate of
    Electrical & Electronic Engineering who has a knack for
    software technologies designed to make life easier. Skilled
    in Enterprise Technologies Framework,Software
    Development Lifecycle and a host of other software
    technologies.
•   Olatoye Olabode on the other hand is a startup enthusiast
    cum entrepreneur with competencies in Business Process
    Development , Sytems Analysis and Marketing.
                                           e ho
                                            C ps...cho o thefly
                                                       ps n
…the eChoppers…cont’d
   Oladipo Oluwaseyi, also a Google Ambassador an undergraduate
    of Electrical and Electronic Engineering, a philanthropist and loves
    fast and powerful cars.
   Osho Ajetunmobi, is a startup enthusiast and an aspiring project
    manager.
   Adepoju Abiodun, who is a Google Ambassador, also a technology
    evangelist, a digital and social media strategist amongst many other
    roles.
   Last but definitely not the least, we have Ijagbone ‘iDJANGOne’ Itua,
    the programmer-cum-entrepreneur of the team. His nickname arises
    from his technical proficiency in the Django framework, Python, Java,
     and not to mention Android programming also.

                                               e ho
                                                C ps...cho o thefly
                                                          ps n
Business Model
•   Given the population and response from our research
    we were able to come up with the following business
    model.
•   The Subscription plus Usage Revenue Model is the
    business model of choice for eChops.
•   Here, fast food vendors subscribe to be placed on the
    platform so as to be able receive orders from potential
    clients via eChops, and the clients(individuals), pay a
    certain token(a percentage of total cost designed to
    encourage users to buy more, but with a maximum cap
    of 500Naira).

                                      e ho
                                       C ps...cho o thefly
                                                 ps n
Sales and Marketing Strategy
•   Coincidentally, all team members are Google
    Online Ads Certified Professionals, so an intricate
    and well reaching online campaign would be run as
    soon as we launch out.
•   The first 50 Food vendors to get on the platform
    would not get to pay subscription fees for 6 months.
•   First clients to use the app would get to use it at
    exclusive discounts.


                                    e ho
                                     C ps...cho o thefly
                                               ps n
Partners and Allies
•   A very important partner in this is the logistics
    company handling the delivery as we came to
    understand that this(delivery handling) is a whole
    new line of business and we would rather
    concentrate on making the whole experience an
    enjoyable one so we are presently having talks with
    logistics companies to strike a very good long term
    deal.
•   Another ally is the Tablet OEM Manufacturer, talks
    have gone on as to how we can partner.
                                   e ho
                                    C ps...cho o thefly
                                              ps n
Funding
•   This is a virgin market in Nigeria and for that
    singular reason, we want to get it right from the
    onset. The eChops budget has been seriously
    planned and slim-fitted to cut out excesses.
•   Start out Funding would be partly bootstrapped
    while the rest of it would come from other sources
    such as funding from venture capitalists, corporate
    investors and so on.


                                    e ho
                                     C ps...cho o thefly
                                               ps n

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eChops Venture Lab Presentation

  • 1. INTRODUCING NIGERIA’S FIRST INGENIOUS SOLUTION TO HUNGER SATISFACTION….
  • 2. Has there ever being a time when you were seriously hungry but stuck with work, lectures or racing against a deadline?  Now you have an ingenious and easy-to-use solution at your fingertips…. introducing…. ee ps...cho psoo the fly Cho ps...cho nn the fly Cho ps
  • 3. Please meet eChops…. eChops Nigeria’s first online food portal. Imagine ordering for your food from the comfort of your room, office and have it delivered to you in no time… Now that’s possible in Nigeria via eChops… e ho C ps...cho o thefly ps n
  • 4. About eChops… • In 2009 alone, Fast food in Nigeria have experienced rapid growth, close to 30% year-on- year to reach a total revenue of around $400 million from around 800 outlets, without online presence. From our surveys and potential customer interviews, this indicates a lot of missed potential. Hence the need for eChops. • So, it’s that easy…view and place your order… and we deliver. That’s the eChops way. View your favorite restaurants…then order for a token. e ho C ps...cho o thefly ps n
  • 5. The Team..the eChoppers • The eChops team constitutes of a team of six budding student entrepreneurs all of the University of Ibadan with disciplines ranging from Electrical & Electronic Engineering to Computer Science. • Olukoya Didunoluwa, the team lead is an undergraduate of Electrical & Electronic Engineering who has a knack for software technologies designed to make life easier. Skilled in Enterprise Technologies Framework,Software Development Lifecycle and a host of other software technologies. • Olatoye Olabode on the other hand is a startup enthusiast cum entrepreneur with competencies in Business Process Development , Sytems Analysis and Marketing. e ho C ps...cho o thefly ps n
  • 6. …the eChoppers…cont’d  Oladipo Oluwaseyi, also a Google Ambassador an undergraduate of Electrical and Electronic Engineering, a philanthropist and loves fast and powerful cars.  Osho Ajetunmobi, is a startup enthusiast and an aspiring project manager.  Adepoju Abiodun, who is a Google Ambassador, also a technology evangelist, a digital and social media strategist amongst many other roles.  Last but definitely not the least, we have Ijagbone ‘iDJANGOne’ Itua, the programmer-cum-entrepreneur of the team. His nickname arises from his technical proficiency in the Django framework, Python, Java, and not to mention Android programming also. e ho C ps...cho o thefly ps n
  • 7. Business Model • Given the population and response from our research we were able to come up with the following business model. • The Subscription plus Usage Revenue Model is the business model of choice for eChops. • Here, fast food vendors subscribe to be placed on the platform so as to be able receive orders from potential clients via eChops, and the clients(individuals), pay a certain token(a percentage of total cost designed to encourage users to buy more, but with a maximum cap of 500Naira). e ho C ps...cho o thefly ps n
  • 8. Sales and Marketing Strategy • Coincidentally, all team members are Google Online Ads Certified Professionals, so an intricate and well reaching online campaign would be run as soon as we launch out. • The first 50 Food vendors to get on the platform would not get to pay subscription fees for 6 months. • First clients to use the app would get to use it at exclusive discounts. e ho C ps...cho o thefly ps n
  • 9. Partners and Allies • A very important partner in this is the logistics company handling the delivery as we came to understand that this(delivery handling) is a whole new line of business and we would rather concentrate on making the whole experience an enjoyable one so we are presently having talks with logistics companies to strike a very good long term deal. • Another ally is the Tablet OEM Manufacturer, talks have gone on as to how we can partner. e ho C ps...cho o thefly ps n
  • 10. Funding • This is a virgin market in Nigeria and for that singular reason, we want to get it right from the onset. The eChops budget has been seriously planned and slim-fitted to cut out excesses. • Start out Funding would be partly bootstrapped while the rest of it would come from other sources such as funding from venture capitalists, corporate investors and so on. e ho C ps...cho o thefly ps n