Photo - Paycon
45244

Paycon

https://youtu.be/V33rK5RYm48

Russia, Moscow region
Market: Trade, Robotics
Stage of the project: Operating business

Date of last change: 10.03.2021
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Idea

Paycon is a self-service cart to reduce queues and increase retail revenue.

Current Status

There are sales.
Installed in 140 stores. By the end of 2021, we plan to sell 1,200 devices. Revenue for 2020 was 236 486 USD

Market

We estimate the market in the number of stores in the TOP-100 chains of the world - 437,000 stores. On average, there are 15 carts per store. Total 6.5 million carts is $ 7.8 billion per year.

Problem or Opportunity

Due to queues:
- customers return to the store less often
- need to increase the staff of service personnel
- lose revenue

Solution (product or service)

Self-service cart to reduce queues and increase retailer revenue.

Competitors

Self Checkout NCR
Scan & Go
Amazon Go и

Advantages or differentiators

We provide a new shopping experience. Our main advantage is that we provide a large number of services based on which we present a large amount of data and translate it into marketing promotions and discounts.

Finance

We sell one device for $ 1000
and we charge a payment for the provision of service for each cart from $ 100 per month

Business model

We sell hardware at a low cost.
And then we switch on its basis to the Saas model with a monthly write-off for the provision of our software, depending on the service package.

Money will be spent on

Инвестиции нужны на масштабирвоание 150 магазинов, расширение команды и выход на Европейский рынок.

Team or Management

Risks

The number of risks is very low, we are installed in 140 stores

Won the competition and other awards

We won 1 place of 250 startups competitors in Innoweek and got 100 000 USD

Photos

Photo 1 - https://youtu.be/V33rK5RYm48
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Startup.Network stops providing services in Russian Federation

Considering the current situation, the company does not see an opportunity to continue working in the aggressor country, which threatens not only Ukraine but the whole world today.

The sanctions policy of the international platform means:

  • Discontinuation of use of the site ru.startup.network. Startups from Russian Federation will no longer be able to place their applications to search fundraising on the platform.
  • Stop on holding Unicorn Pitches Russia. This means that we will no longer hold our Unicorn.Events in Russia and will not accept startups that are physically located in Russian Federation to our global competition. Also, VCs who are located on the territory of Russian Federation and do not oppose the Russian invasion of Ukraine will not be able to participate in our contest as the jury as well.
  • Stop accepting money sourcing from Russian Federation to our Syndicate Fund.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video