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First Tranche
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Dukkaani managed in less than a year to gain a big market share due to its successful Go-To-Market Strategy targeting the needs of MENA region related to its Grocery Shopping Culture and Lifestyle, the other unique features that earned it a competitive advantage over the local rivals are the following:1. Develope ... see more.
Press Releases about the participation in GITEX 2017 to present the idea Dukkaani Smart Shopping: - Al Bayan Newspaper - Emirat Al Youm Newspaper
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Dukkaani managed in less than a year to gain a big market share due to its successful Go-To-Market Strategy targeting the needs of MENA region related to its Grocery Shopping Culture and Lifestyle, the other unique features that earned it a competitive advantage over the local rivals are the following:1. Developed a high-end and well established platform using the native device programming for the Smart Devices to provide faster and smoother use for both the seller and the customer App’s.2. Online Payment with Tokenization; Big advantage for Dukkaani over the others as it supports the e-commerce solutions including the e-Wallet and guarantees the customers with flexibility in payment.3. Driven by Dukkaani’s vision to penetrate the Pan Arab market, the team worked on having a full Arabic Interface and products that earned Dukkaani a big share of the Arabic customers and those customers are found to be the highest spenders.4. Dukkaani provides an Easy and Self –deployed online point-of-sale to any Grocery in the Pan-Arab countries and they can have full control over these points-of-sale to offer their services with multi-currencies option. This will give Dukkaani a great leap in its growth and will create a big network of groceries to provide an excellent service to the customers in their neighborhoods.5. The platform hosted on Amazon.com AWS Cloud and replicated in two instances; Live production and Test instance for new development. This is important for the companies who seeks regular improvements, changes and modifications without causing the inconvenience of interrupting the access to the platform.
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Dukkaani offers solutions to replace the traditional & inconvenient grocery shopping experience by closing the gap by acting as an online agent between the customer and the grocery stores. Dukkaani offers an online point of sale for the grocery stores to promote their products and services and receiving the online orders, forwarding the orders details to the retailer via Tablets and overseeing the orders processing & delivery by the retailers. Against these services, Dukkaani charges the customer only Three Dirhams per transaction. Dukkaani’s online grocery shopping service provides the customers with all options for their payments including the E-Wallet for secure online payment. Dukkaani is entitled for 3% sales commission on total monthly sales from specific Hypermarket partners.
Recent figures from the researchers conducted domestically and internationally are reflecting the below important facts and conclusions:1. the Researchers measured the size of the MENA Grocery Market to be about USD 650 Billion.2. The Research showed that the UAE Retail Market is about USD 76.83 Billion in 2015 and the Grocery Spending has a share of about USD 30.35 Billion.3. The research concluded that 10% of the MENA customers are willing to use the e-commerce options is on continuous increase and their spending on the grocery retails is increasing over time as well.4. Researches on the UAE market in 2014 proved that 21% of the population already are online shoppers, 29% are converting to online shopping for sure and 21% only are somehow willing to do online shopping.5. UAE residents spent $3k per Capita in 2015 on Grocery Shopping only.6. The increase in the UAE Retail Market Size over the years 2011-2015 is about 26%.
Dukkaani will need additional funds to be used for the following:1. Customer Acquisition: as direct costs toward marketing and promoting the application2. Working Capital: as direct costs toward hiring professional back-office employees to research, develop and handle the current orders in an efficient and effective approach3. Domestic Expansion: Entry to other emirates markets, few attempts were made and will continue.4. Regional Expansion: Entry to other market especially that the platform is designed to adapt to other countries and currencies.5. Product Development: the platform will be developed to automate the grocery shopping for the shoppers based on the household requirements.6. Market Expansion Plan: To achieve Dukkaani’s vision to grow as an e-commerce enterprise by building its own logistics center for the grocery shopping.
There will be many sources of revenues over the long-run that are not only limited to the service fee, these revenue generators include but not limited to the followings:1. Service Charges of Three AE Dirhams for every transaction from all retailers2. Delivery Charges between Five to Seven AE Dirhams for every transaction from the Premium Retailers which don’t offer the delivery service in-house or that are located in the remote distanced areas.3. Dukkaani is entitled for 3% sales commission on total monthly sales and can increase based on agreed sales slaps with our hypermarket partners.3. Selling Promotional spaces on the platform for the FMCG Brands.
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The Entrepreneurs listed on our Website are private companies. When considering investing in private companies, you must take into account the following risks: Your investment may lose value - The Entrepreneurs that you may invest in through our Website are private start-up, early-stage or small to medium sized companies that are looking to launch a product or service and may not have a proven track record. Your investments are illiquid – By definition, there is no public market for private companies and there may never be a market for the shares in the Entrepreneurs in which you decide to invest. Accordingly, you may not be able to sell these shares or realize any profit (even a return of capital) from any investment that you make. Private companies are not required to report on their financial status like public companies – While the Entrepreneurs that list on our Website will commit to us to regularly update shareholders regarding their performance through our Website, there is no guarantee that they will adhere to this commitment and we do not guarantee that we will take action against them if they fail to so adhere. Private companies are not subject to the same regulatory requirements as a public company - When a company goes public they are required to disclose specific information and adhere to strict regulations with regard to their actions, disclosure and corporate governance. The Entrepreneurs listed on our Website are not subject to the same requirements. Voting rights and other Pitch terms – You should read the terms of any Pitch carefully in order to understand what rights are being granted by the Entrepreneurs in which you choose to invest. In the majority of cases, the number of shares being offered by Entrepreneurs will not reach the threshold required to allow such shares to influence any decisions or corporate actions taken by the Entrepreneurs. Entrepreneurs may not offer any minority shareholder rights (such as tag along, drag along, veto rights or anti-dilution rights) and even if they do offer such rights, there is no guarantee that these rights are legally enforceable or that you will have any recourse against the Entrepreneur in the event that they fail to honor any of the rights granted. While Eureeca will make every effort to ensure that Entrepreneurs adhere to the Pitch terms following Closing of any Pitch, Eureeca will not be liable to you for any failure by the Entrepreneur to do so. Disclosure in the Pitch – A well prepared Pitch will describe the various risks and conflicts of interest relating to the Entrepreneur, the Pitch and the Entrepreneur’s operations and we will guide the Entrepreneurs to assist them in preparing full and fair disclosure of all risks in their Pitch. However, we have no ability to assess whether all such risks have been accurately described or disclosed and will not have any responsibility for any failure to do so. Before making any investment decisions, you should fully assess the risks attached to any investment and should query any matters where you feel inadequate risk disclosure has been made. Business Failure Rates – You may assess the actual and expected failure rates of businesses on the platform by clicking here. Complaints Process – If a client has any complaints or queries about the services provided by Eureeca or in relation to the Eureeca Platform, they should contact us on contactus@eureeca.com A complaint must include: (i) the Client’s name and surname (ii) the Client’s User ID (iii) the affected transaction number(s), if applicable (iv) the date and time that the issue arose, and (v) an accurate description of the issue. Upon receiving information about the complaint, Eureeca will write to the complainant to acknowledge that the complaint has been recorded and is receiving the firm’s attention within 48 hours of receipt of being notified of the complaint. Eureeca will nominate a person who is not directly involved in the matter to carry out an investigation (the complaint officer). Within 30 days of the complaint, Eureeca shall write to the complainant to explain the firm’s views on the matter and the action, if any, it proposes to take. Eureeca will record all relevant details of the complaint in the firm’s complaints register for internal record purposes. If the complaint cannot be resolved within 30 days, the complainant should be provided with a progress report which includes details as to why the complaint has not been resolved and when the complainant can expect a resolution. Keep in mind that the past performance of any investment is not necessarily indicative of future results. You should only commit money that you can afford to lose to any investment on our website. Private company investments are not for everyone and entail risks that are different from more traditional investments. You should obtain investment and tax advice from your advisers before deciding to invest. Eureeca does not provide any investment, legal or tax advice and will not have any liability for any legal, investment or tax issues in connection with any investment you decide to make.
The Entrepreneurs listed on our Website are private companies. When considering investing in private companies, you must take into account the following risks:
Your investment may lose value - The Entrepreneurs that you may invest in through our Website are private start-up, early-stage or small to medium sized companies that are looking to launch a product or service and may not have a proven track record.
Your investments are illiquid – By definition, there is no public market for private companies and there may never be a market for the shares in the Entrepreneurs in which you decide to invest. Accordingly, you may not be able to sell these shares or realize any profit (even a return of capital) from any investment that you make.
Private companies are not required to report on their financial status like public companies – While the Entrepreneurs that list on our Website will commit to us to regularly update shareholders regarding their performance through our Website, there is no guarantee that they will adhere to this commitment and we do not guarantee that we will take action against them if they fail to so adhere.
Private companies are not subject to the same regulatory requirements as a public company - When a company goes public they are required to disclose specific information and adhere to strict regulations with regard to their actions, disclosure and corporate governance. The Entrepreneurs listed on our Website are not subject to the same requirements.
Voting rights and other Pitch terms – You should read the terms of any Pitch carefully in order to understand what rights are being granted by the Entrepreneurs in which you choose to invest. In the majority of cases, the number of shares being offered by Entrepreneurs will not reach the threshold required to allow such shares to influence any decisions or corporate actions taken by the Entrepreneurs. Entrepreneurs may not offer any minority shareholder rights (such as tag along, drag along, veto rights or anti-dilution rights) and even if they do offer such rights, there is no guarantee that these rights are legally enforceable or that you will have any recourse against the Entrepreneur in the event that they fail to honor any of the rights granted. While Eureeca will make every effort to ensure that Entrepreneurs adhere to the Pitch terms following Closing of any Pitch, Eureeca will not be liable to you for any failure by the Entrepreneur to do so.
Disclosure in the Pitch – A well prepared Pitch will describe the various risks and conflicts of interest relating to the Entrepreneur, the Pitch and the Entrepreneur’s operations and we will guide the Entrepreneurs to assist them in preparing full and fair disclosure of all risks in their Pitch. However, we have no ability to assess whether all such risks have been accurately described or disclosed and will not have any responsibility for any failure to do so. Before making any investment decisions, you should fully assess the risks attached to any investment and should query any matters where you feel inadequate risk disclosure has been made.
Business Failure Rates – You may assess the actual and expected failure rates of businesses on the platform by clicking here.
Complaints Process – If a client has any complaints or queries about the services provided by Eureeca or in relation to the Eureeca Platform, they should contact us on contactus@eureeca.com
A complaint must include:
(i) the Client’s name and surname
(ii) the Client’s User ID
(iii) the affected transaction number(s), if applicable
(iv) the date and time that the issue arose, and
(v) an accurate description of the issue.
Upon receiving information about the complaint, Eureeca will write to the complainant to acknowledge that the complaint has been recorded and is receiving the firm’s attention within 48 hours of receipt of being notified of the complaint.
Eureeca will nominate a person who is not directly involved in the matter to carry out an investigation (the complaint officer).
Within 30 days of the complaint, Eureeca shall write to the complainant to explain the firm’s views on the matter and the action, if any, it proposes to take.
Eureeca will record all relevant details of the complaint in the firm’s complaints register for internal record purposes.
If the complaint cannot be resolved within 30 days, the complainant should be provided with a progress report which includes details as to why the complaint has not been resolved and when the complainant can expect a resolution.
Keep in mind that the past performance of any investment is not necessarily indicative of future results. You should only commit money that you can afford to lose to any investment on our website. Private company investments are not for everyone and entail risks that are different from more traditional investments. You should obtain investment and tax advice from your advisers before deciding to invest. Eureeca does not provide any investment, legal or tax advice and will not have any liability for any legal, investment or tax issues in connection with any investment you decide to make.
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