{"id":13243,"date":"2024-06-26T05:29:38","date_gmt":"2024-06-26T05:29:38","guid":{"rendered":"https:\/\/moonpreneur.com\/mooncampaigns\/?post_type=product&p=13243"},"modified":"2024-10-04T09:49:35","modified_gmt":"2024-10-04T09:49:35","slug":"vashions","status":"publish","type":"product","link":"https:\/\/mp.moonpreneur.com\/mooncampaigns\/project\/vashions\/","title":{"rendered":"Vashions- VIRTUAL FASHION"},"content":{"rendered":"

Return\/Category<\/strong><\/p>\n

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Value Proposition<\/strong>
\nWe don\u2019t want Customers to wait outside the trial room of any store
\nand want to minimize the return rate of e-commerce platforms
\n(fashion).
\n\u2022 Saving time by helping them to buy right product with the help of
\nTechnology.
\n\u2022 We are helping customers to enhance buying decisions \/ to visualize
\nproduct in reality.
\n\u2022 Customers can also try and pre order upcoming products. It will be a
\nwin-win situation for both parties.<\/p>\n

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Market Size (India)<\/strong><\/p>\n

Online Shoppers – 20Cr\"\"
\nActive Online Shoppers – 15Cr
\nInactive Online Shoppers – 5Cr
\nInactive online shoppers are
\nexpected to grow 50 crores by
\n2025.<\/p>\n

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Urban internet users are relying\"\"
\non online platforms for product
\nresearch.<\/p>\n

62% of urban users are
\nresearching products online
\nbefore making any purchase
\neither online or offline.<\/p>\n

50% of offline shopping across
\ncategories involves online
\nproduct research.<\/p>\n

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Indian Jewellery Market<\/strong><\/p>\n

The India jewellery market size was estimated at USD 85.52 billion in 2023 and is expected to grow at a CAGR of
\n5.7% from 2024 to 2030.
\n\u2022 Jewelry serves as a crucial fashion item and enhances the overall appearance. When flaunting the latest fashion
\ntrends, customers select accessories that complement or spruce up their outfits.
\n\u2022 For instance, as streetwear trends have become more popular, both men and women are accessorizing with
\njewellery more frequently to express their sense of individuality.<\/p>\n

Global Jewellery Market<\/strong><\/p>\n

According to Facts and Factors, the global jewellery market size was worth around USD 325.46 billion in 2023 and is predicted to grow to around USD 497.52 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.83% between 2024 and 2032.<\/p>\n

How many people shop online?<\/strong>
\nWith the rise of ecommerce, it\u2019s only natural that the number of online shoppers worldwide rises along with it. As it stands in 2021, the number of digital buyers is at 2.14 billion.<\/p>\n

That makes 27.6 percent of the 7.74 billion people in the world. In other words, more than one out of every four people you see around you is an online shopper.<\/p>\n

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Competitive Landscape:<\/strong><\/p>\n

MVP is ready. Product is in testing and Beta Launch.
\n\u2022 We are acquiring initial customers. We already have 5 customers.
\n\u2022 Initially this SaaS product will be for 60-90 Days i.e. trial period, later on
\nbased on conversion Vashions will charge accordingly.
\n\u2022 In talk with Dubai (Deira) Based jeweler for collaboration
\n\u2022 We have initiated conversation with the Jewellery association of India as
\nwell.<\/p>\n

Business Model<\/strong><\/p>\n

We plan to execute both the Business Models – B2C and B2B.<\/p>\n

B2C:<\/strong>
\nIn B2C model, we will integrate Virtual Trial Room technology on our platform to 3D Try on Apparels & Accessories listed on our website.<\/p>\n

Initially, it will be Free but later we will charge elite, prime or plus Membership Fee for this feature. This Technology will be on subscription basis.<\/p>\n

We also charge a minimal amount for using this technology so that people can click and share photos on Social Media as well as with their friends and family.<\/p>\n

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B2B:<\/strong>
\nIn B2B model, we will partner up with premium Brands\/Products with high ticket product line. (e.g Tanishq, PC Jewellers in Jewellery and Gas\/Jack N Jones in apparels and so on)<\/p>\n

We will charge premium fee and rent out our technology to them on subscription model. Because their forte is product and our forte is Technology.<\/p>\n

Traction (Google Analytics)<\/strong><\/p>\n

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Traction (Shopify Analytics – June\u201922)<\/strong><\/p>\n

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Traction (Social Media – This Year till date)<\/strong><\/p>\n

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Benefits and Vision (To launch Fashion in Metaverse)<\/strong><\/p>\n

We will get multiple benefits during free trials also .
\na) Our data will train regularly and we will move towards perfection.
\nb) Our B2B client will promote\/market our product as their USP.
\nc) We will get more clients from world wide.
\nd) Sellers can also show their upcoming products and take pre orders from the customers.
\nVashions = Virtual +Fashion.
\nAs a virtual fashion platform, just imagine how it feels to try in apparel and accessories in real
\ntime.
\nWe are Solving Real Problem now and of the Future as well<\/p>\n

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Funding Objective<\/strong>
\n\u25cfHiring Brilliant Techies
\n\u25cf Technology (Product development & testing)
\n\u25cf Acquiring B2B clients
\n\u25cf B2B Collaborations
\n\u25cf Miscellaneous<\/p>\n

Achievements Till Now:<\/strong>
\n1. Bootstrapped (10 lacs and above)
\n2. Got Grant by State government (10 Lacs )
\n3. Done Pilot before launch with 90% positive response
\n4. On boarded few vendors and counting
\n5. Started selling and counting (Doing Promotions)<\/p>\n

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