Bikoshu

Hyper-local delivery marketplace
Startup name
Bikoshu
Web address
Founding date
May 2017
Incorporation
Yes
Total team member
3
Startup stage
Paying users
Category
Consumer
Sector
E-commerce & online marketplaces
Product usage or interact
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
City
istanbul, TR

Elevator pitch

Bikoshu is a hyper-local delivery marketplace that enables end-users to search and order local products and services around their neighborhood.

Team

Ceylan Keremoglu

Worked as an investment banker and private equity specialist in Garanti Bank and business development officer in Doğuş Holding early in her career, Ms. Keremoğlu has been working full time for last 2 years to grow Bikoshu.

Levent Murat Demircan

Levent is Assistant Professor in Galatasaray University. He teaches Investment Analysis, Project Planning and Productivity.He also brings more than a 15-year management experience in call centers, software development and service businesses to Bikoshu.

Tolga Tigin Özbilün

He founded Ankara based İkon Telekom, one of the leading telecommunication companies in Turkey. Founded and managed many companies, Tolga has strong executive capabilities and sectoral knowledge in Tourism & Hospitality and communications sectors.

Business model

Target customer

Local Stores (restaurants, supermarkets, florists, etc.) and end-users

Customer acquisition strategy

Stores: field sales & online adv. End-users: online & offline adv.

Revenue model

1. Subscription: Has 3 packages
i. Free Trial version
ii. Business Package: 55TL+ VAT
iii. Corporate: 195 TL+ VAT (for 5+ stores)
2. Other revenues: mainly advertising

Market info

Market size

$ 100,000,000

Competition

Bikoshu doesn't have any direct competitor as it is a unique model that brings many local stores in different sectors (such as supermarkets, restaurants) into a single platform. Yemeksepeti is a major competitor in food sector but doesn't active in other products & services. Kapgel mainly delivers goods from stores that don't have delivery (many stores in TR has its own delivery due to relatively cheap labor). Mahallem touches a variety of local stores but it is mainly a messaging platform.

KPI's

  • 4,260 Download
  • 2,156 Order
  • 542 Number of Stores

Startup traction

Since May 15, 2017, Bikoshu reached 4,000 downloads. More than 2,000 orders received. Bikoshu team acquired nearly 550 stores via field sales and online registration.

Other information

-Bikoshu is on İstanbul Technical University Acceleration Program (ITU Çekirdek) since May 2017.

Publication date: 03 October 2017