WISI-Oi

WISI-Oi is a pioneering video-based social reselling platform aimed at transforming the second-hand fashion marketplace in South Africa.

ZAR
0
raised
of
ZAR
2500000
goal
days to go
Minimum target:
ZAR 500,000
This campaign was successfully funded, and is closed for further investments

Overview

campaign deal type

Equity

available equity

15%

price per share

ZAR 1,000

2500

available shares

investment term

5 Years

targeted return

3.2X Money

targeted rate of return

25.7%

Raised

0

Investors

Targeted Return

3.2X Money

Business valuation

ZAR 12,000,000

The Problem

The fashion industry faces significant challenges, including:

Environmental Impact: The fashion industry is a major contributor to pollution and waste. Fast fashion, in particular, leads to a significant amount of clothing being discarded, resulting in massive textile waste and environmental degradation.

Overwhelming Marketplace Navigation: Consumers looking to buy second-hand clothing online often find the process overwhelming due to the vast number of listings and lack of effective filtering or personalized recommendations.

Trust and Authenticity Issues: In the resale market, buyers frequently encounter issues related to the authenticity and condition of the items being sold. This lack of trust can deter potential buyers from making purchases.

Limited Income Opportunities for Sellers: Individuals looking to sell their second-hand clothes often struggle to find platforms that provide sufficient exposure and tools to maximize their sales.

The Solution

WISI-Oi addresses these challenges with an innovative and user-centric approach:

Sustainability Focus: By promoting the resale and reuse of second-hand clothing, WISI-Oi significantly reduces textile waste and the environmental footprint of fashion consumption. The WISI-Oi platform fosters learnings to provide personalized recommendations and curated collections, making it easier for users to find items that match their preferences and needs.

Enhanced Trust and Authenticity: WISI-Oi incorporates an API to verify the authenticity of luxury items, ensuring that only genuine products are sold on the platform. Verified items feature an authentication widget, building trust and confidence among buyers.

Comprehensive Seller Tools and Revenue Streams: The WISI-Oi platform offers various tools and features to support sellers, including enhanced seller management systems and access to premium listings. WISI-Oi also diversifies revenue streams by incorporating buyer's protection plans, subscriptions, and data analytics for sellers.

Phumi Korber
Founder

Very happy young girl looking forward to a bright wonderful future in African marketplaces!

Sibusiso Nkosi
Marketing & Partnership Specialists

Proven experience in marketing, sales and large-group management. I have acquired skills useful within live production; events management and digital marketing.

Kim Gouws
Operations & Social Media Manager

Develop social media strategies, engaging with customers & followers on different platforms, monitor campaigns & analyse data obtained, update social media content across all social platforms, reporting analytics report to team and management.

The Team

Documents

Exec Summary
Financial forecast
Business plan
Download
Exec Summary
Financial forecast
Business plan
Download
Exec Summary
Financial forecast
Business plan
Download

Raised

ZAR

0

Targeted Return

3.2X Money

Business valuation

ZAR 12,000,000

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