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.
The Team
Raised
ZAR
0
Targeted Return
3.2X Money
Business valuation
ZAR 12,000,000