Mitten Presentation

11
Mitten Mobile POS and Data Platform for Beauty Industry

description

Mittenpay.com company presentation.

Transcript of Mitten Presentation

Page 1: Mitten Presentation

Mitten

Mobile POS and Data Platform for Beauty Industry

Page 2: Mitten Presentation

Ibis Beauty Industry research, Motorola white paper, Mitten research

Problem: lack of service in salons negatively impacts customer experience

and results in money loss

of sales go without an attempt to cross-sale or up-sale

of salons do not offer to book the next appointment in advance

per sale are lost due to poor or incomplete service

71%

51%

$22.7

Page 3: Mitten Presentation

Current issues spotted Product opportunity

Limited customer service

Overwhelmed employees & business owners

Data without practical implementation

Personalized customer experience

Data conversion into practical ready-to-use solutions

Effective cross-sale and up-sale of products and services

You make sales by selling customers better, not harder

Timetrade: why shoppers are leaving the store empty handed, 2014; Mitten survey.

Page 4: Mitten Presentation

Improve the customer experience in small-medium service-type businesses to boost business’ sales

and profitabilitywith

Mitten mobile platform

Mitten Vision

Page 5: Mitten Presentation

Solution: give the right tools to the staff on the floor to drive more sales and provide better customer experience

Build stronger customer relationships

50+% of SMBs see improvement of customer service as a primary driver of technology investment.

Page 6: Mitten Presentation

Product: platform for staff and business owners to boost customer engagement,

sales and profitability

Mobile tool for staff on the floor

E-calendar and Spare capacity management

Visual tips for staff to provide best customer experience

Instant cross/up-sale suggestions based on inventory, schedule, customer profile & local trends

Transparent payment processing

Web tool for business owners Inventory management Stats on staff performance Staff management Auto generated new products

suggestions based on local trends and customer demand

Online reputation management and marketing

Page 7: Mitten Presentation

Future potential verticals: yoga and dance, retail, medical,

Big market = big opportunity for Mitten

$1-5 billionMarket Opportunity

Ukraine

Target markets today

Potential target markets

USA$20bn. market1m+ salons

Russia$2,5bn. market40K+ salons

Poland

Slovakia

Ukraine$0,5bn. market12K+ salons

Page 8: Mitten Presentation

Result for businesses

Higher revenue and profitability

Happier & more loyalty customer

Right tools in the hands of your = engaging employees

Improved inventory planning & better data for marketing

Page 9: Mitten Presentation

TeamMikhail Miroshnichenko, Angel investor Garden Ventures, Fidobank

Yuliriy Chayka, Angel investorMonexy

Imperious Group, Seed investor

Nate Stevens, Advisor Founder of Yodle.com, Punchey.com

Ken Leaver, Advisor Rocket Internet, Groupon, VISA

Dariya Kolodiy, Advisor Beauty Salon owner

Management team Investors & Advisory Board

Igor Kovrizhkin, CTODepositphotos, Adron R&D, author of 12 scientific publications

Yuliya Sychikova, CEOPunchey, Stevens Ventures, Wharton Lauder, University of Pennsylvania

Yaroslav Mudryi, COO Groupon, Shopfox, National Aviation University, military officer

Mentors & Partners Sridhar Solur, Next Gen Computing HPJohn Gower, CEO in Dialect Inc.Igor Shoifot , TMT Investments

Max Gurvits, TeresAndrey Komarovski, Founder Institute, Coffeelab.vcAlyona Kalibaba, Happy Farm

Page 10: Mitten Presentation

Q1/Q2 2014 Sept – Dec 2014

Product • Beta product • Roadmap developed

• Integration with Payments • Cross sale algorithm• Hire back-end engineer

Sales• 3 salons testing beta app• Serveyed 30+ salons

• Higher VP of Sales• Develop Sales Plan

Business Development • Agreement with

punchey.com for payment processing in the US

• Assess partnerships with main beauty software providers

• Assess partnership with Loreal

Funding • Raised $45K in Seed from Imperious Group Sept 2014

• Raised $60K in Angel funding Sept 2013

$250K-$500K in Seed

Milestones

Page 11: Mitten Presentation

September 2014

“Technology is a great enabler of

service”

Thank you!