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Short Summary
SENDY is an online marketplace allowing users to BUY, SELL and RENT adventure sports equipment. Celebrity Co-Founded by adventure sports Icons, Travis Rice & Cameron Zink. SENDY launched in November of 2022.
Highlights
- 15000 downloads in first 6 months
- 2200 daily web visits
- $1 Million in GMV in 6 Months
- Product Developed and launched in 10 Months
- Established initial product market fit, revenue growing week over week.
Overview
| Target | 200,000,000 |
| Minimum | 22,500,000 |
| Investment Raised | 17,500,000 |
| Previous Rounds | 0 |
| Stage | Breaking Even |
| Investor Role | Any |
The Business
SENDY is an online marketplace allowing users to BUY, SELL and RENT adventure sports equipment. Celebrity Co-Founded by adventure sports Icons, Travis Rice (snowboarding) and Cameron Zink (Mountain Biking). Within the first 4 months of launch, the SENDY app had over 14,000 downloads and nearly 10,000 active users with profiles. A traditional marketplace BUY-SELL as well as an Airbnb-style RENTAL Marketplace. We receive a 14% commission on all sales and rentals, as well as have the opportunity for additional revenue from shipping, and insurance along with various new features in the development cue designed to increase market reach and margins. Integrated with existing social media networks SENDY is designed to grow and benefit from network effects.
The Market
The Outdoor Recreation Industry is a 1 Trillion dollar North American Industry with over 130 million participants. No dedicated used gear marketplace exists for the Outdoor Recreation industry despite tens of billions of dollars of new equipment sold annually. Individual retailers such as REI do 3.8 billion in annual revenue and even smaller retailers such as backcountry. co, see ten million unique web visits a month and sell 500 million in equipment every year. The market is one of the fastest growing at 7.8% annually. The sports rental equipment market is so fragmented it is difficult to estimate the size, but we believe it will eventually be the largest segment of our business and again consists of tens of billions.
Progress/Proof
SENDY launched in November of 2022. Within the first 4 months of launch, SENDY app had over 14,000 downloads, nearly 10,000 active users with profiles, 800k+ GMV, and 2000+ daily users of sendy.io. Digital marketing statistics are in many cases 5x better than industry averages. Driven by studio-quality content and focused by highly targeted and segmented lists of over 1.3 million contacts. SENDY's marketing strategies drive an average of 14% compounding week-over-week growth in nearly all KPIs while burning under 60K a month. SENDY was designed, built and launched with a comprehensive marketing strategy and brand identity in under 11 months. The SENDY team is experienced, fast and efficient. UPS integration creates a national marketplace.
Objectives/Future
SENDY seeks to be the go-to resource for outdoor enthusiasts looking to BUY, SELL or RENT sports equipment. Lowering the costs of getting outside, preserving the value of expensive sports equipment and decreasing the need for complicated supply chains and manufacturing. Everyone wins here including planet Earth. The US, Canada, Europe, Japan and Australia are targets for the BUY/SELL platform. RENT and EXPERIENCE are projected to be worldwide. SENDY becomes an invaluable resource for brands and retailers to access national and international markets for their new products, returns and used equipment, in a space that is traditionally dominated by a few large online players. High revenue per employee, low burn and viral growth are key.
The Team
The following Forbes Article describes the team and founding story best. <a href="https://www.forbes.com/sites/michellebruton/2023/05/03/amid-russian-invasion-a-ukrainian-development-team-brought-outdoor-gear-app-sendy-to-life/?sh=7eb276904394">https://www.forbes.com/sites/michellebruton/2023/05/03/amid-russian-invasion-a-ukrainian-development-team-brought-outdoor-gear-app-sendy-to-life/?sh=7eb276904394</a> Celebrity Co-Founders Travis Rice (Snowboarding) and Cameron Zink (Mountain Biking). Deep knowledge of the Outdoor Industry and action sports advertising. CEO Ian de Queiroz has raised $60MM+ for previous enterprises including IPO. Steven Karr- CoFounder Guayaki Yerba Mate and Creative Director
The Deal
Looking for PKR 206,000,000 - Min per Investor PKR 21,000,000 SAFE note Available subject to 10MM valuation cap and 10% Discount. Actively seeking a lead for the SEED round.