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SaaS Online Virtual Fitting Room for a large and small retailers

Cyprus
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    SaaS Online Virtual Fitting Room for a large and small retailers

    Asking Price:

    TBD

    Gross Revenue

    TBA

    EBITDA

    TBA

    Business ID:

    L#20220252

    Country

    Cyprus

    Description

    SaaS Online Virtual Fitting Room for large and small retailers offering Virtual Fitting Room (VFR), the online equivalent of an in-store changing room. The Virtual Fitting Room helps shoppers to understand if a particular piece of clothing fits their body parameters and what size fits best. Company has already helped 10+ M shoppers. It helps clothing e-commerce to improve business metrics (LTV, retention, conversion etc.).

    SaaS, which is provided:

    – A self-service Virtual Fitting Room widget to be installed into e-commerce websites and/or mobile applications.

    – A self-service clothing digitization cloud software that enables our customers to digitize (a set of data related to physical properties of the garment) men, women, and children’s clothing.

    – A recommendation bot that looks for clothing that fits the user’s (and user’s family) body perfectly. Think of it as a (Youtube or Netflix) recommendation engine that delivers offers to users on a daily basis.

    Investment Rationale

    Company is a growing self-funded business based on the SaaS subscription model. The fitting room market is growing right now, especially since the pandemic COVID-19. Clients stay with service for at least 1 year, but most of them for 3-5 years. The average check depends on the size of the company. Starts from $49 a month and goes up to $3,000 a month. The service works on most European and US markets. The sales model has been worked out and is ready for scaling.

    Customers

    Multinational customers: ie. Decathlon, etc.
    Countries: USA, UAE, Sweden, New Zealand, Germany, Norway, Switzerland, Holland, Finland, UK,Italy, France, Spain, Portugal, Turkey.
     Service is offered into 10 languages

    Detail

    Updated on March 8, 2022 at 2:50 pm

    Business ID:L#20220252
    Property Type:Internet Businesses
    Property Status:For Sale
    Asking Price: TBD
    Gross Revenue:TBA
    EBITDA:TBA
    Business Description:Virtual Fitting Room (VFR) is the online equivalent of an in-store changing room. It enables shoppers to try on clothes to check one or more sizes, fit, or style, but virtually rather than physically.
    Competition:There are a few VFR solutions available right now (like Fit Analytics, Fit finder, Virtusize, Truefit). Our main competitive advantage is that our proprietary technology works with the physical garment and human body data, whereas competitors use approximate and indirect data. This is especially important for children's clothing.
    Growth & Expansion:The sales model has been established and is ready for scaling.
    Reason for Selling:Relocation
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      SaaS Online Virtual Fitting Room for large and small retailers offering Virtual Fitting Room (VFR), the online equivalent of an in-store changing room. The Virtual Fitting Room helps shoppers to understand if a particular piece of clothing fits their body parameters and what size fits best. Company has already helped 10+ M shoppers. It helps clothing e-commerce to improve business metrics (LTV, retention, conversion etc.).

      SaaS, which is provided:

      – A self-service Virtual Fitting Room widget to be installed into e-commerce websites and/or mobile applications.

      – A self-service clothing digitization cloud software that enables our customers to digitize (a set of data related to physical properties of the garment) men, women, and children’s clothing.

      – A recommendation bot that looks for clothing that fits the user’s (and user’s family) body perfectly. Think of it as a (Youtube or Netflix) recommendation engine that delivers offers to users on a daily basis.

      Investment Rationale

      Company is a growing self-funded business based on the SaaS subscription model. The fitting room market is growing right now, especially since the pandemic COVID-19. Clients stay with service for at least 1 year, but most of them for 3-5 years. The average check depends on the size of the company. Starts from $49 a month and goes up to $3,000 a month. The service works on most European and US markets. The sales model has been worked out and is ready for scaling.

      Customers

      Multinational customers: ie. Decathlon, etc.
      Countries: USA, UAE, Sweden, New Zealand, Germany, Norway, Switzerland, Holland, Finland, UK,Italy, France, Spain, Portugal, Turkey.
       Service is offered into 10 languages

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