Nigeria - Business creation project

Describe your project or startup in a few words

eRRANDA is a person to person delivery system that connects small businesses with travelers who will be willing to take on delivery tasks for them, this will ensure faster deliveries and cost efficiency as we leverage already intending travelers.

01.01 Describe your project in more detail

About 3 lost sales for small and medium scale businesses today in Nigeria are lost because of the inability for small business owners to meet up with delivery timelines of their customers, traditional delivery services today are both slow and expensive, and this impedes the growth of small businesses in Nigeria. With eRRANDA, we are moving last mile deliveries to the hands of everyday individuals, travelers will be given the opportunity to take on small delivery requests, especially for SMEs, and get paid for it. This will ensure deliveries happen at least 75% faster, ad we leverage on already intending travelers, and up to 50% cheaper than traditional delivery services. We are set out to simplify and unbundle the delivery process and make it even more likely for SME's to meet up with customer demands and in turn scale their businesses faster.

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

We have noticed from experience and from research the bottlenecks that exists in the logistics industries and how SME's can be better serviced. We are trying to reduce the cost of logistics and also increase the speed at which the logistics process will be completed end to end.

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

1. Our system will provide the fastest delivery speeds ever in Nigeria as we leverage people who already want to travel. 2. Our charges will be the least, up to 50% cheaper, compared to what is attainable today. 3. We will unbundle the process and create ease for business owners and individuals who have little delivery needs, our application handles the algorithm of searching and finding possible matches, provide contact details to both parties and handle verification.

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

We are targeting SMEs, today in Nigeria, there are more than 1 million registered SMEs.

01.05 When did you start working on your project?

2022-01-01

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

1

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.)

1. King Victor Amakodi CEO/cofounder Business development professional worked with PZ Cussons up till August 2023 2. Osho Joseph CTO/cofounder Full stack developer

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

https://errandatech.com

01.10 Which industry best describes your project?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

While we are on one hand, creating an avenue for SME's to scale and attain their full potentials, we also are creating an avenue for side income for everyday commuters and travelers, we believe that this will further increase the out of pocket spend for Nigerians.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

By creating sources of revenue to everyday Nigerians, we put money in their hands, and this, we believe strongly contributes to the Zero hunger goal.

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

4

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

4

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Our system is open to everyone, and anyone can benefit from the system, including women and girls.

02.06.01 My project contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

By putting the success of SME's at the forefront, we believe that we are encouraging business owners to keep striving, with the promise that their business growth is fully supported by our innovation.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

We are building an innovation in the logistics sector that will revolutionize the entire operations of logistics and create a niche for its kind, our idea is as innovative as it is disruptive.

02.10.01 My project contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

4

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

3

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

2

02.15.02 Life on land - Justification

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

4

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.

6

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

6

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

7 - Strongly Agree

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.

3

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.

4

05.08 Justification

We are creating a new way to achieve deliveries fast, cheaper and simpler, we are addressing the clutter that exists today with traditional delivery processes. Simplifying the delivery process by involving travelers and handing over last mile deliveries to them is both a faster and more efficient way to handle deliveries of small items and parcels.

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

Today, the biggest players in logistics in Nigeria are GIG Logistics and DHL. Our model will ensure that delivery execution speed and competitive pricing will stand us out from our competition.

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

Not at the moment, but we are building an all inclusive environment in our business.