Krave is a food delivery app focused on making meals lowest and fair for both customers and restaurants. Unlike other platforms that charge restaurants a high commission (25-30%), Krave operates with a low 5% commissio
See MoreIdea is good. But what is your usp which differentiate from Zomato and Swiggy? Can you explain? Because if 5% commission will not work for your company. You will have to do something different from zomato and swiggy. Think about it. All the best for your venture.
The biggest USP? You get food at the same price as the restaurantās dining menuāsometimes even lowerāand without the need for fancy or confusing coupon codes. With existing platforms, people end up spending extra just to āsaveā with discounts that arenāt really necessary. Plus, on Swiggy and Zomato, the base price for food varies for every user, but no one notices. At Krave, the price is always the same for everyoneāsimple and fair. Krave is fundamentally different from Swiggy and Zomato. We donāt charge extra during festivals or special occasionsāour commission is always just 5% Our focus isnāt on charging customers or restaurant owners extra; weāre building revenue through brand partnerships instead. Thatās what sets us apart."
Surviving on 5% commission is not sustainable practically and apart from that there is no differentiation from zomato or swiggy. Maybe by integration with ONDC would help if you are really passionate about the industry. If not you can always find better idea. All the best š
It seems like you havenāt fully understood my idea. The 5% commission is not my only revenue source. Do you really think I havenāt considered the operational costs of running a food delivery business? If 5% was all there was to it, I wouldnāt still be in the game. The 5% is not the gameāthereās much more to it. Please take a closer look and try to understand the bigger picture.
Krave is a good name but seriously are you really expecting that charging 5% commissions from Resturant owner gives you sustainability in this highly competitive landscape because plateform that you're creating needs lots of upfront capital for setuping a logistic and distribution models in every city then you need to focus on demographics food demand and creating regional demands for your app needs lots of sensational and innovative marketing campaigns , so if you closely analyse your revenue model then it's not sustainable. Now let's talk about plateform fees and average gst on per order then what about providing essential ingredients like packing Meterials to Resturant owner and cloud kitchen owner , these things needs proper manufacturing facility and then creating 2 separate apps for delivery boy , Resturant owner and customer also needs lots of capital , team , and data also you need to understand closely about miscellaneous cost . Btw your overall revenue model is Worst and nothing is innovative even not competitive. Let's take a simple example and lowest example for krave ( according to kanpur ) Shiv order 3 capsicum pizza Capsicum Pizza price in Resturant is - 60rs Ć3 ( 180rs ) Plateform fees - 5rs Gst - 5rs Delivery charges - 20rs Total - 210rs 5% commission by krave Now total - 220.5rs Can you please check the price in Zomato ? Because that's only 180rs š¤ How ? Give me reasons bro ? Why krave is not competitive
We're aiming for steady growth, with a focus on quality partnerships and strong customer trust. Weāll definitely keep in mind the importance of aligned investors who can see the long-term vision without needing immediate returns."
95% of startups fail within the first 5 years due to poor team dynamics, inadequate market research, lack of funding, and intense competition. While your business model is promising, it's crucial to understand that sustainable growth is needed within the first year. You're expecting to generate good revenue after securing large orders, but it's important to select investors carefully. Choose those who can support you for at least 1.5 years without constantly scrutinizing your financials
Let me clear out. Sustainability : While a 5% commission may appear low compared to other platforms, itās designed to attract both restaurants and customers by offering lower menu prices. This affordability builds loyalty, especially in a highly price-sensitive market. Additionally, we have multiple revenue streams beyond commissions, such as premium placements, advertising opportunities, and partnerships, which will enhance platform profitability. By charging a lower commission, Krave enables restaurants to list menu items at lower prices than competitors. This price advantage directly benefits customers, making our platform more attractive without requiring large discounts. Unlike competitors who rely on heavy discounts that condition customers to spend more, Krave offers transparent and consistent pricing, which builds long-term trust and loyalty. Tech and Marketing : While launching a tech-driven platform requires investment, we have a strategic approach to control costs. Our plan involves leveraging third-party technology solutions and fleet-sharing for logistics, which eliminates the need for a large in-house delivery infrastructure. By utilizing fleet-sharing services at competitive rates, we can manage delivery efficiently without excessive capital outlay. A 5% commission might seem low at first glance, but on a nationwide scale, this can add up to substantial revenue. With thousands of daily orders, this percentage builds sustainable income while keeping Krave competitive. The food delivery landscape in 2024 provides more resource-sharing options than ever. We donāt need to invest heavily in an in-house delivery fleet or exclusive tech when we can leverage third-party solutions. This approach minimizes upfront capital requirements, allowing us to focus on user experience and expansion. Consistent, Lower Prices on Krave Compared to Competitors. Krave's pricing model ensures consistently lower prices for customers due to our lower commission rates. For instance, if a pizza is listed at ā¹60 on Zomato, it would be available for around ā¹40 on Krave because we pass on the savings from our lower commission directly to the customer. Unlike Zomato, which frequently offers discounts funded by deep-pocketed investors, Krave provides everyday low prices without the need for coupons or temporary promotions. While platforms like Zomato may offer large discounts to attract customers, these discounts are not sustainable and often lead to higher spending from customers who may feel pressured to order more to meet discount requirements. Kraveās model, on the other hand, is straightforward: if a pizza is ā¹40 today, it will be ā¹40 tomorrow, without any gimmicks or hidden costs. This consistent, transparent pricing allows customers to make purchases based on need, not discounts, fostering trust and encouraging regular orders.
Hey. Please check DM.
You might have good knowledge about the industry, having worked in it for a while. Give it a good shot š
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