Facts:

  • According to the USDA (United States Department of Agriculture) grocery stores waste 10% of their food products
  • According to ‘First Research’, grocery stores sell three major types of products:
        • perishable foods: 50% of revenue
        • nonperishable foods: 30% of revenue
        • non-food items: 20% of revenue
  • According to the FAO (Food and Agriculture Organization of the United Nations) In Antigua and Barbuda, the Bahamas, Jamaica, Saint Kitts and Nevis, Trinidad and Tobago, Belize, Bolivia, Colombia, Ecuador, El Salvador, Suriname and Uruguay, food losses at the retail level would be enough for each of these countries to feed enough people to achieve Goal 1 of the Millennium Development Goals, reducing by half the percentage of the undernourished in their populations.

uGetDeal with $ logo

compa

Loading...

  • Grupo Exito Case:


    Grupo Exito had close to $4 Billion U.S. dollars of revenue ($10,763,015 M Colombian Pesos) in 2014 (with current exchange rate)

    This means that close to $2B U.S. dollars of revenue were perishable items

    In order to get $2B U.S. dollars of revenue from perishable items, close to $200 Million U.S. dollars were wasted!

 

Proposed Solution

Work With uGetDeal and:

1. SOCIAL IMPACT

Get food to people with lower resources – they will take advantage of the offers, improve efficiency and reduce waste

2. IMPROVE EFFICIENCY

Get revenue from items that were going to be wasted

3. EXPAND

Get new customers, and bring hundreds of current customers that were not thinking going to your store 

4. COMMITMENT

Create engagement with current customers and embrace technology

5. GROW

Get sales of other products once you got customers in your store due to the promotions

Loading...

  • Investment:

    * Monthly Subscription per store

    * Percentage of the sales of the promotion items used in uGetDeal App and/or site but not from the sales of another items that customers bought thanks to the promotion!

Founders

Carlos Franco

      • Born in Bogota, Colombia
      • B.S. Economics and business Administrator from U. Santo Tomas – Additional Biz studies in Europe (UK)-
      • MBA from Wuhan University of Technology, P.R. China
      • Experience in Retail Analytics Software and ex-partner associate in Followup China. Followup has over thousand of retail stores subscribed
      • Consultant and advisor to both, public and private entities, including but not limited to the IDB, China Gold, China Banking Association, Adani Group (India), the China Council for the Promotion of International Trade (CCPIT) and several Startups

Ivan Barajas

      • Born in Guadalajara, Mexico
      • B.S. Computer Systems Engineering, Software Engineering Specialization from ITESO
      • MBA from Kenan-Flagler Business School (program ranked #9 in US) – Concentration in ‘Strategy and Entrepreneurship’
      • Software engineering manager in top high tech company
      • Consulted for danish startup tradeworks (http://www.tradeworks.io/) and for US startup PRSONAS (http://prsonas.com/)