Photo - FastServe
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FastServe

Unique APP for stadium to increase Sales,Safety,Fan Engage

Belarus, Minsk city
Market: Internet and IT, Public catering, Entertainment, Services, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 11.07.2019
Min investment
$  50.000
Total required
$ 50.000
Rating
equalizer 275 из 1000
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Idea

FastServe is APP for stadiums and clubs that helps increase revenue , fan experience end safety by using FastServe Food Delievery service during the venue

Current Status

1.FastServe have taken participations on accelerator program HYPE Sport Innovations with FC Shakhtar since 28 October 2018
2. Won Pilot with FC Shakhtar
3. Chat-Boat on Telegram Messenger is working now (MVP)
4. Negotiations about cooperations with Ukraine Clubs and Concert Arena
5.Negotiations with Minsk Arena, Cyzouka Arena, Dinamo Minsk

Market

We work at B2B segments. Our target market is Europe and CIS's Stadium and Arena, which hold 152 stadium, 154 clubs and 9 ligs.We have agreement with several of the stadium in Belarus and Ukraine. Our next target is POLAND, Germany and Russia.

Problem or Opportunity

Long queue on food point & stadium entrance...
Fans have to forced between game and food...
According to our statistics stadium lost up to 29% of buyers per game!
Moreover, Fans Have a lot of Questions & Needs

Solution (product or service)

Delivery food, merch directly to fan's seat in a few minutes using our APP or Chat-Bot on Telegram, or fans can make a pre-order and pick up their order in express line.
2.Integrations Artificial Intelligent with App to Enhance Fans experience and Security of the stadium

Competitors

FanFood (USA)
SeatServe (USA)
DigiFood (France)
NextVenue (USA)

Advantages or differentiators

Overall, we improved our service by the way of exception weak sides of each competitors. Moreover, we have the most profitable and cheapest business model for stadiums in the entire market. Our target market is free. And the last , FastServe add s integrate Artificial Intelligence to enhance Fan Experience and alleviate congestions

Finance

Yes ,we have (its our business model)
In 3 years we plan to achieve a turnover of 5-6 million $

Business model

STADIUM:
Technical support - 1000 euro/ month
15%-20% commission on APP sales.
CUSTOMER:
10% commission from an order cost.

Money will be spent on

We need investments for Application development
Then start going on Polish market and build a company in Poland
Start build some features such as Artificial inteligence for stadiums and arena's for analyze fan's data's.
Our expenditure is 20000 (euro) :
12.000 for Chat-Bot on Telegram platform and 8.000 for marketing and conference's which is located abroad (Germany and Ukraine), and so on...

Offer for investor

investor will get percent of the company or convertible loan.

Risks

Our competitors that bring solution to CIS and European market faster than we, because they will have more money.
Stadiums are low equiped for our system.
Arena's and stadium's will don't understand how this system works with Fans and how much money they will get with this we should spend more time and money to get contract.

Incubation/Acceleration programs accomplishment

FastServe have taken participations on program HYPE Sport Innovations with FC Shakhtar since 28 October 2018 by 20 March 2018.

Won the competition and other awards

Winner a program HYPE Sport Innovations with FC Shakhtar as most progressive sturtup. Won a Pilot with FC Shakhtar.
FastServe took 3rd place in INVEST WEEKEND in MInsk and 2nd place in INVEST WEEKEND in Gomel
3rd place in StartUp session of venture club CHANGER CLUB (RIGA)
https://vc.ru/tribuna/74506-istoriya-startapa-iz-minska-v-sfere-foodtech-sporttech

Photos

Photo 1 - FastServe
Photo 2 - FastServe
Photo 3 - FastServe
Photo 4 - FastServe
Photo 5 - FastServe

Product Video

Website address

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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
Website address