Page 15 - The 20 Most Promising Co-founders in Business Industry 2019
P. 15

recently sent 50 kgs of designer outfits                                           individuals and SMEs.
            for a film festival in Cannes, through
           a family of four people travelling. The                         Two most significant industries of travel
          family earned $470 for letting go of the                         and logistics come together on our
         unused space and covered a part of their                          platform to build a trust based verified
                                                                           community solving the problem of
                                    travel costs.                          shipping globally through the principals of
               Similarly the shipper in the above                          shared economy.
                scenario saved 30%-40% of their                            Conceptualization of BECKFriends.com
           shipping cost and also the outfits were
                delivered without any delay. The                           I think no better way to understand a
            platform provides the shippers a cost                          problem than when you face it yourself. A
          effective and flexible shipping option to                        few years back my niece was visiting us
                         ship anywhere globally.                           in India from London and when my sister
                 Creative Strategies for Clients                           reached back home, she realised that they
                                                                           had forgotten Miss Melody in Mumbai
           We at BECKFriends.com are amongst                               with us. Now Miss Melody though looked
           the first movers in the space of shared                         like a simple stuffed toy but was a very
                  economy based logistics arena.                           important member of the family. And my
           According to us the best way to tackle                          niece didn’t take this issue lightly and
          the competition is to move quickly and                           cried herself to sleep for several days. The
          effectively into the space to capture the                        cost to ship Miss Melody back home was
                market by creating a brand recall.                         coming out to be higher than the actual
         Today 75% of our customers come back                              cost of the toy. That’s when I thought there
                                                                           lies a great business opportunity in this
           to us and that is because of the novelty                        problem.
            of the service and their experience of
         using it. Our strategic partnerships form                         In my stint at Google, I was overlooking
            the backbone of our business and we                            the travel vertical and had developed a
          believe the opportunity we are creating                          great understanding of the industry and
         for our partners to earn with us is unique                        its nuances. That’s when it struck me to
              and creates long term associations.                          solve the problem of shipping by building
         We are at the right place as the sun rises                        a traveler powered delivery marketplace.
              on the peer to peer shipping sector.                         That is how the BECKFriends.com was
          There is a huge untapped potential here                          conceptualised.
          and with our rigour, pace, expertise and                         Beholding the Future
          partnerships, we are building a network
         that will enable us to be at the top of our                       BECKFriends.com will change the way
                                                                           people travel and ship in the days to come.
                                          game.                            We are all set to increase our footprints
                 Contribution in the Corporate                             globally for the network effect to become
                                       Universe                            a global phenomenon.
                Logistics is a $250 billion market                         BECKFriends.com is touted to be the
              globally and travel is a $4.3 billion                        platform you will log into as soon as you
              market. Logistics and travel are the                         have booked your tickets to earn as you
             largest growing sectors globally and                          travel. And we are set to be a household
         BECKFriends.com is right in the middle                            name when it comes to flexible and
              of both of these, creating a segment                         affordable shipping across the globe.
                    where travel meets logistics.                          Shared economy is projected to grow
             BECKFriends.com is making travel                              from $15 billion in 2014 to $335 billion in
           more interesting by giving travelers an                         2025 and our growth is linked to it being
         opportunity to earn as they travel. It also                       amongst the first movers. We are prepared
            creates a positive impact on the travel                        for the future with our network, partners
             partners like travel agents and OTAs                          and right growth strategy in place and are
           by giving them an additional source of                          all set to be the next Uber or AirBnB.
                                        revenue.                           Potential Markets to Tap
                On the other hand we impact the
                logistics sector by offering a cost                        Since we operate between three high
          effective and flexible shipping solution                         impact and growing industries, we are
          catering to the unmet shipping needs of                          living in interesting times. Logistics is the
   10   11   12   13   14   15   16   17   18   19   20