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Empowering Street Vendors
& Connecting Customers
Team Fraxxers
Sanchit Kohli Aradhya Vivek Singh
Kulshresht ha Empowering Street Vendors & Connecting Customers: A Digital Platform for Tier 2aims The business & to 3 create Cities a digital platform that optimizes the Consumer interactions between street vendors and customers, primarily in tier Personas Priya – Young Professional 2 and tier 3 cities. It has a 3 main components: Platform as Marketplace: About: A 27-year-old, working professional in Tier 2 city. • Street Vendors such as vegetable seller, plumbers, waste collectors, Pain Points: create profiles, list their products & services. • Limited time to browse through street • Customers can browse products & services, view upcoming vendor arrival markets. times, and make purchases through the app. • Frustrated with cash-only transactions. • Wants more trust in product quality Route optimization and Demand mapping: • The app uses customer demand data to suggest optimized routes for vendors, enhancing efficiency by maximizing vendor reach in high-demand Rajesh - The Family Man areas at the right times. • Customers receive notifications about vendor availability based on the About: A 40 Yr Old, Bank Employee in tier 3 City optimized schedule, enhancing predictability and convenience. Pain Points: In-app Transactions: • Finds it difficult to rely on vendors due • Digital payments make transactions seamless and support greater financial to inconsistent arrival times, sometimes transparency for vendors. missing essential items. • The app collects a small transaction fee on each sale to generate revenue. • Unwilling to pay extra for delivery for small orders How the App Works? For vendors: Meera - The On-the-Go College Student Vendor Route Product Order Payment & About: A 20 Yr Old, young student in Tier 2 Onboardin Optimizatio city Listing Manager Feedback g n Pain Points: For Customers: • Misses out on street vendors due to Customer unpredictable arrival times. Browsing Order Time Payment & • Limited budget for additional delivery Onboardin products Placement scheduling Feedback fees. g • Wants an easy way to know when specific vendors are coming. Platform Overview: Target Impact, Business Model & Benchmark Comparison Impact on Target Segment Vendors • Enhanced Visibility & Customer Reach: Expands Customer • Convenience & Accessibility: Real-time location vendor reach beyond foot traffic, enabling a stable income services, digital payment options, and pre-order features stream. s for easy vendor access. • Financial Empowerment: Access to microloans, • Quality Assurance: Vendor ratings and reviews system to insurance, and digital payments to stabilize income and establish trust and transparency. reduce business risks. • Cost-Effective Local Goods: Affordable access to fresh • Operational Stability: Support in legal registration, and artisanal products directly from local vendors. reducing eviction risks and ensuring business continuity. Business Model Component of Business Model Financial Institution Freemium Model Transaction Fees Vendor Promotions & Ads Partnerships Basic platform access for Paid advertising options for Small commission on payments Referral fees from microfinance vendors is free, with optional vendors to promote deals or through the platform, making it institutions for loans and premium features like enhanced new products to target affordable.. insurance sign-ups. visibility and analytics. customers.
Comparison with Benchmark
Platforms Support for Legal Target Customer Vendor Discovery & Financial Inclusion for Feature Primary Focus Recognition & Vendor Segment Accessibility Vendors Stability Provides access to Assistance with obtaining Street vendors, informal Cost-conscious consumers, Real-time GPS location, Our Platform microloans, micro- vendor licenses and legal and unorganized sector tech-savvy urban locals nearby vendor search insurance, financial tools support Formal service providers Higher-income urban Limited; service providers No financial support for Not applicable, formal UrbanClap (cleaning, beauty) households only by region vendors sector focus Limited to fixed store Organized grocery and General urban consumers, No support for vendor Not applicable, works with BigBasket locations; no real-time Thanks