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Pitch deck DesignBid.in
- 1. Designed by New Haircut page Designed by New Haircut page 01. Elevator Pitch Designbids is a Project discovery and bidding platform for architecture and Interior design 0 www.designbids.in
- 2. Designed by New Haircut page Designed by New Haircut page 02. The Problem Industry Problems The industry is highly disorganised with thousands of small to mid size firms acting indepently. -Finding an affordable architect and interior designer is hard -There isnt a universal platform which gives an exhaustive idea of the prices and options available. -Most of them pick a designer based on recommendation from friends and family. Project Owner Problems -Most Projects are not visible enough for them to approach -Designers rely on personal connections and network to attain projects Architect/Designer Problems 1 www.designbids.in
- 3. Designed by New Haircut page Designed by New Haircut page 2 03. The Solution DesignBids is a aggregator of architects and designers. It would centralize the disorganised architecture ecosystem by bringing all small players under one roof, and provide project owners a one stop destination to find designers Aggregation Essentially project owners would post his design requirements and receive bids/proposals from local architects/designers. The project- owner would then pick one based on his Price, Portfolio, Experience and Reviews. Project Discovery and Bidding Ideaboard is where one shops for idea, and share it with the designer. These include Design Ideas, Ready made Plans, Home decor Products, Designer Portfolios. Contents are crowdsourced. IdeaBoard www.designbids.in
- 4. Designed by New Haircut page Designed by New Haircut page Market Opportunity Header Most of this segment is highly disorganised. Furniture e- commerce were the first to exploit this segment. ◉ It’s 24% is design services, the rest is products,furnitures and ecommerce. ◉ 80% of project owner dont use online portals for hiringa designers. But rely on referals from friends and family. ◉ $19.7B Home Design and Decor 24% of the market is design services 80% of home owners hire by referals 04. Market Opportunity in India 3 www.designbids.in
- 5. Designed by New Haircut page Designed by New Haircut page Residential Projects - Full home design - Remodeling - Interior 05. Target Customer Office Projects Commercial Projects Design Firms Contractors Independent Project Owners - Freelance architects( employed elsewhere) - Indepenant architect/designer - Recent Graduates - Contractors who use Predesigned Solutions - Contractors who have architects/designers as consultants. - Small firms struggling to find projects - Small and Mid size firms seeking more projects - Small Retail - Cafe owners - Restaurant/food outlets owners - Startups - SMB's 4 Service Providers www.designbids.in
- 6. Designed by New Haircut page Designed by New Haircut page Bidding Platform Project owners post their requirements Architects/designers bid on them Projects Use Project Owners post their projects by filling out a questionaire. Questions include a description, Sq footage, budget, deadlines, likes and dislikes etc. They would also include a link to their ideaboard Bidding You Designers and Architects submit their proposals. These mainly constitute a pitch, their price, and time required ◉ Desktop Version Mobile Version ◉ 06. Product Demo 5 www.designbids.in
- 7. Designed by New Haircut page Designed by New Haircut page Ideaboard Create you boards, and pin what you like. Pin Share it with your project, so that designers understand your vision. Browse Its has an infinite scroll UI. designed for you to stumble upon ideas. Contents include Photographs, Plans and drawings, Videos, and Home decor Products. PView , Pin , Like YBy Hovering over the image you would get the option to view , pin or like it. ◉ Desktop Version Mobile Version ◉ 06. Product Demo 6 www.designbids.in
- 8. Designed by New Haircut page Designed by New Haircut page Conferences and Tradeshows Our initial interactions with clients showed thatBuilding Expos are a good place to find prospective project- owners ◉ Referal Program Webinar Series IdeaBoard Challenge Starting with Times Expo IdeaBoard Challenge It’ In order to crowdsource content for our ideaboard, a national competition to create the best ideaboard ( 1st prize- 1Lakh Rs). The winner would be from our friend circle ensuring that we dont lose money. ◉ Webinar Series By Leveraging the Archi Faculty of IIT Roorkee, a webinar series for project owners( for passive marketing). Pilot episode would be ' Vaastu and home decor' with Prof. Chani. ◉ Referal Program for Brokers Brokers selling new apartments , commerical spaces etc can lead us to potential clients. We need to create incentive for them to refer designbids. ◉ 10 July 1 Sept 05Aug 20 July 07. Business Stratergies 7 www.designbids.in
- 9. Designed by New Haircut page Designed by New Haircut page We have a distinct mechanism and vision which differentiates us from our competitors. Although some of their goals do overlap with ours. ◉ Primary Segment - Curated selection of designers,picks 2-3 designers for client based on their requirements Dwll.in Homado Nestopia Asklaila IndiamartJustdial Helpme build HouzifyZimply.in UrbanClap Houzz Zingy- Homes 08. Competitive Landscape 8 ◉ Secondary Segment - Indian Copies of Houzz.com - Browse ideas, Shop, Find Pros ◉ Tertiary Segment - General Listing Sites www.designbids.in Acquired by BedBathmore Acquired by Livspace
- 10. Designed by New Haircut page Designed by New Haircut page 09. Revenue Streams 9 Bid Credits Currently all new users are assigned 5free credits. 5credits= Rs200 1credit for one bid, 3credits for featuring a bid Business Development Fee Commission on every successful bid Commission on every successful customer acquisition Service surcharge Credit system for project posting( not yet implemented) For filtering out spammers and non- serious clients Premium accounts Minimal annual fee These accounts will be exempt from furnishing bid money Promotions Charged service for architects to promote their firm on the platform Improved index rank Advertisements Relevant advertising on the platform( Buidling Products and Services) www.designbids.in
- 11. Designed by New Haircut page Designed by New Haircut page Shreya Bisht Co-Founder,CTO Nithish Monson Co-Founder,CEO 10. Our Team: Founders 10 www.designbids.in B.Arch, IIT Roorkee US Green Card Holder 2yr Archi Work-Experience(chicago) Intern in Germany, Vegas, Colorado CS Graduate, UPTU 3yr Experience at Cisco YAP Fellow at Crowdsourcing Week 2015( in singapore) Ex- Founder theyappapp.com Ex- Founders cadmonky.com
- 12. Designed by New Haircut page Designed by New Haircut page Feb Marketing Analysis May Prototype Development July/Aug Approach Partners Dec Series A -8 Projects Bidded -48 Designers Registered Where we are, and where we what to be. 11. Timeline 11 We are here www.designbids.in
- 13. Designed by New Haircut page Designed by New Haircut page Call-to-action for investor(s) The amount is to be used for, - Hiring and team Expansion - Marketing and PR - Creating Incentive for the Referral Program - Mobile App Development(only for designer side) - Operations cost Ask $100,000 Goal $200,000 $ 12. Funding Needs ◉ 12 www.designbids.in