kVisi
kVisi is an On Demand Services startup currently focusing on Dry Cleaning and Laundry. This "UBER for Laundry" brings high technology into a generally low tech environment.
196% of funding target
Highlights
Highlights
kVisi represents a unique opportunity to invest in the field of On Demand Services, which has grown exponentially in recent years:
- Accelerated Growth – Since its official launch in August 2015, kVisi has grown by an each month.
- Global Expansion – The startup is going to replicate its model in major European cities – A market with estimated sales of 20 Billion USD per year.
- Technological Edge – kVisi has developed an innovative dispatching algorithm, which provides a significant edge over other competitors in the field. The startup won an innovation grant from the Israeli Chief Scientist.
- Investment Timing – kVisi has already proven its technology after 2 years of de risking. Today, investment in kVisi represents a relatively lower risk, that of a “real economy business,” with an upside of a technology based startup. kVisi is generating revenue and is expected to break even within 6-12 months.
- Team – The kVisi team brings managerial, technological and operational experience on the highest level the Israeli startup community has to offer.
Pitch
Pitch
The Idea
With an estimated global turnover of more than $40 Billion US Dollars, the Dry Cleaning and Laundry service industry in 2016, is still being poorly managed with 20th century methods. Customers around the world are experiencing disappointing customer service and user experience. A parallel could be drawn to the transportation industry before the entry of technology-based startups, such as UBER and GetTaxi, about a decade ago. This brought about a revolution in user experience and customer service, as well as rapid market share gain by new technology companies at the expense of Old Economy service providers.
kVisi was founded to generate the same revolution in additional industries, currently focusing on the vertical of Dry Cleaning and Laundry. The field is in desperate need of better user experience, customer service, accurate deliveries, digital payments and overall simplification. By bringing high technology into this generally low tech environment, kVisi has afforded major improvements in all these areas and very quickly becomes the service of choice.
IP & Technology
kVisi developed its propriety dispatching algorithm as well as its own management and inventory system. The algorithm is a strong part of the company’s IP and it received a vote of confidence on innovation from the Israeli Chief Scientist Tnufa fund. The algorithm is solving a subset of the “traveling sales person” problem. In plain language it allows the users to receive a wide variety of 30 minute slots for pick up and drop off. On the one hand, this fits their own schedule, and on the other hand, it is highly economical for kVisi.
The system includes a server, two native apps (iOS and Android), management and inventory systems, the dispatching algorithm and several external programs assimilated into the complete kVisi system.
The Product/Service
kVisi – At the time and place of your convenience. Simple, Clean!
kVisi’s customers understand the Upgrade:
Team
Team
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Biography
Mr. Ofer Elrom is a senior Software architect and software engineer with 14 years of experience in the Israeli high-tech industry. Over the years, Ofer has engineered, programmed and led development teams in complex software systems in five different start-ups, some of which were sold to large multinationals such as IBM and NetApp. Ofer holds a BS in software engineering and communications from Haifa University.
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Biography
Mr. Binyamin was an organizational structure consultant at Peri Real Estate, where he led the organizational efficiency and restructuring process, product and IT implementation, advised executives in that process and built the HR group at the organization. Prior to that, Miki was a manager in the operational security of Ben Gurion Airport. He holds a MA in management and organizational structure consulting form the Recanati school of business at Tel Aviv University, and a BA in psychology and criminology form the University of Ariel.
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