Kuuka Technologies Limited
https://kuuka.co.uk
seis / eis pending
Investment to date:
£5,450
Share price:
£25.00

target amount:
£500,000
£350,000
Kuuka Technologies Limited
Kuuka is a hassle-free on-demand last-mile delivery services provider that seamlessly matches you with bike, motorcycle, car, van, and truck drivers to help you transport your stuff around. With Kuuka you can move what you want when you want.
About Kuuka Technologies Limited

Kuuka is an on-demand last-mile logistics delivery service using technology(Ai) as a core, we connect customers, drivers and businesses in real-time for their delivery requests. Our customers can rely on us to move from an important file to a whole filing cabinet, from occasional flowers to regular retailed deliveries our delivery solutions are scalable and customisable to fit every possible need.

We provide tech-enabled solutions for reverse logistics for businesses rather than solely transportation solutions. For businesses, returns speak to a gigantic issue that truly persuades their clients. Permitting businesses to successfully oversee an excruciating pain.

Kuuka Banner Image

OUR EXPERTISE:

- Moving Goods On-Demand

- House & Office Removals

- Courier & Parcel Deliveries.

 

The Market

The market has seen an explosion of growth over the last three years and there is a huge demand for last-mile delivery. B2C(UK) market size £25.6 billion at a CAGR 0F 7.4%(IBISWorld.Com). Route optimisation software market £5.07billion at CAGR of 11.4% (Market & Market), Home moving market £1 billion growing at a CAGR of 6.6%.

Our Market Share London Only:

- Total Addressable Market (TAM) - £419,058,640

- Total Serviceable Market (SAM) - £54,477,632

- Our Market - £5,447,763

 

Progress/Proof

We have launched a private beta that is exclusive to certain parts of London. We are now accepting orders online via our website and social media platforms. Please note that until we officially launch the Kuuka App, as an interim this a private launch to selected drivers only for some limited number of pre-selected delivery requests. This allows providing opportunities to our delivery drivers so that they can earn an additional income whilst we build and enhance our app which will majorly be through the feedback from the beta phase. The number of early adopters on our waiting list keeps growing and we have now begun onboarding drivers. Our user engagement across our website and social media has been very high with highlights such as 10K website visits and 12.5K views on social media after our ads smoke tests.

 

Kuuka App Image 1 Kuuka App image 2 Kuuka App Image 3

Objectives/Future.

  1. Launch our MVP in early 2021 starting with London, UK.
  2. Partner with SMB's and larger companies such as Amazon and E-bay.
  3. Launch subscription service in the second quarter of 2021.
  4. Launch Kuuka Returns - Reverse logistics solutions for customers and businesses.
  5. Hire Key Employees.

 

Customer Acquisition

Our Targeted customer will be customers looking for quick, efficient hassle-free last-mile delivery solutions for their loved ones. We then aim to target customers whos main pain points are speed, control and better management of delivery. With Kuuka instant delivery is no longer going to be a hefty premium service to be bought, but an affordable option that you can choose every single day. We will acquire our customers mainly through the following:

  1. Paid Marketing - We will use Pay-Per-Click or sponsored adverts to drive traffic to our website and app.
  2. Blogging - We will be constantly releasing content on our website, social media and medium account.
  3. Social Media - We make full use of paid advertising on platforms such as  LinkedIn for our blogs posts as it as the most organic outreach. For video content will make sure to utilise Tik Tok has it has emerged as one of the platforms with huge organic outreach.
  4. Email Marketing - We will aim to respectfully engage our customers and businesses with our weekly and monthly newsletters. 

 

Startup Financing Requirements 

Kuuka is currently in the process of raising a round of £500K in equity investment at a valuation of £2.5M (Non-convertible debt) funding. Up to £350K will be raised through Crowdfunding and the remainder will be from private investors. We are requesting a minimum of £25K per investor outside the Crowdfunding round. 

We are seeking investment to propel the company forward to the next stage of revenue generation, including the establishment of key per channel partnerships, and further advance product development. 

The money will be deployed in the following main areas:

  • Set up a scalable IT infrastructure system - To build, scale and manage the system.
  • Sales and Marketing - The company will run a robust marketing campaign to form strategic partnerships with companies established in the target market.
  • Training of Staff, effective onboarding and salaries - Staff will be paid a modest salary so that their financial needs are met while they also get to enjoy an additional incentive tied to the success of the company.



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Offer Information
Min Max
Investment Target £350,000 £500,000
Share Price £25.00 £25.00
Shares Offered info 14,000 20,000
Percentage Offered info 12.28% 16.67%
Shares Issued info 100,000
Pre-money Valuation £2,500,000
Share Type Ordinary
Minimum Investment £25.00
Tax Relief Available SEIS & EIS Pending
Sector Internet, Apps & eCommerce
Technology, Hardware & Games
Other
Location London, United Kingdom
Company Number 10563598
Pitch Launched On 04/03/2021
Pitch Closes On 03/05/2021
Accepted Payment Methods
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