South Africa - Business creation project

Describe your project or startup in a few words

Grocerywise is a comparison app that will update live Grocery prices per retail store, create an automatic Grocery basket using AI such as chatgbt for each store to show the cheapest grocery store for each month.

01.01 Describe your project in more detail

Overview of grocerwise: -Mobile app for grocery price comparison and budgeting. -Helps users find the best deals and manage grocery budgets. Key features: -Real time price comparison across major retailers. -Personalized shopping and special alerts. -Integration with chatGbt for interactive experiences. Market opportunity: -Growing e-commerce and smartphone usage in africa -increased price-consciousness among customers Basically Grocerwise will be able to anable a user to type groceries they need for the month/week of purchase and the app will pull data across different stores using AI (chatgbt) and give the user an output that shows different baskets from different retail stores with different totals at the bottom of each basket and advise a customer according to cost.

01.02 What is the main problem you are trying to solve?

- Checking grocery prices for each item on websites which can be tedious. -Going to different retailer shops looking for specials. -The hustle of budgeting for groceries -Overspending on groceries

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Grocerwise will offer: -Price comparison across multiple retailers by inputting a Grocery list on the app. -Personalize shopping baskets based on user preferences. -Special alerts for discounts and promotions -Shopping list management -Recipe suggestions based on items in shopping lists. -Social sharing and whatsapp integration -Chatgbt for interactive user experiences and personalized recommendations

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

The target market is middle income families and individuals in urban and suburban areas. -secondary markets: students and low income households. -Customers are more price conscious and seek value nowadays.

01.05 When did you start working on your project?

2024-02-01

01.06 How many other partners are associated with your business venture?

0

01.07 Among the other partners, how many are female?

0

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Iam the only one on this idea and I have a Btech degree in Electrical engineering coupled with 7years experience industry. My experience started in consulting engineering and currently I have been in sales engineering 2years.

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

https://www.linkedin.com/in/sihle-khanyeza-628861203

01.10 Which industry best describes your project?

d) Primary commodities (food, drink, household and personal products)

02.01.01 My project contributes to the No poverty goal

5

02.01.02 No poverty - Justification

This ideas will assist low & middle income household identify retails stores that offer the best value for money while increasing their disposable income.

02.02.01 My project contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification

Grocerwise will assist with affordable nutritional meals generated by AI and learn each consumers spending patterns to offer the best health advise.

02.03.01 My project contributes to the Good health and well-being goal

5

02.03.02 Good health and well-being - Justification

After using the app a couple of times it will be able to offer the best grocery basket for your health as an option and also advise the consumer on budgets.

02.04.01 My project contributes to the Quality education goal

1 - Strongly Disagree

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification

02.06.01 My project contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification

The app will create Employment opportunities as it will need people to make the app function optimally everytime.

02.09.01 My project contributes to the Industry innovation and infrastructure

6

02.09.02 Industry innovation and infrastructure - Justification

The app will offer Industry innovation as it will allow users to limit their time on doing groceries and change how online grocery shopping is currently done. The will need remote data storage sites as it grows.

02.10.01 My project contributes to the Reduced inequalities goal

2

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification

The app will assist in this goal as it will provide affordability to all community members.

02.12.01 My project contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification

02.16.01 My project contributes to the Peace justice and strong institutions goal

1 - Strongly Disagree

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

05.02 The product/service we envision creating represents an entirely new type of product/service.

5

05.03 The product/service we envision creating could be described as a new technology.

6

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

7 - Strongly Agree

05.08 Justification

This idea is unique, it's building on an existing idea, makes life easy by using one simple function to find value for money across different retailers without jumping to different apps or sites, provides budgeting tools, predicts future groceries, assist with healthy recipes.

05.09 Who are your main potential competitors and what makes you stand out from them?

Price check, ideally, Google shopping, one cart,Troli, smartprice. Grocerywise stands out as it will have an interactive interface using AI, search grocery prices once rather then searching for one item at a time, providing healthy recipes using the customers normal grocery list.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

No