Overview
At Al Noor Marketplace, we have developed a unique online platform that bridges the gap between local artisans across the Middle East and buyers around the world. Our mission is to empower artisans by providing them with wider access to markets and by promoting their handcrafted goods. Since our launch, we have onboarded over 500 artisans and generated a monthly revenue of approximately $40,000 through sales and transactions. We are now seeking investment to enhance our technology infrastructure, increase our marketing efforts, and expand our artisan network. The funding will allow us to implement advanced features such as personalized shopping experiences, better inventory management, and streamlined payment processes. With a solid foundation of traction and a growing customer base, we believe that with the right investment, we can significantly scale our operations and bring the beauty of local craftsmanship to a global audience while maintaining the authenticity of these products. Our platform has received positive feedback, and 80% of our buyers reported satisfaction with their purchases. We also have plans to introduce subscription models for artisans, allowing for predictable…
Use of funds
The requested investment of $860,000 will be allocated as follows:
- 40% for technology upgrades and platform enhancements
- 30% for marketing campaigns targeting new customers and artisans
- 20% for operational costs including staff expansion and training
- 10% for contingency and unforeseen expenses.
Open case
Open this case to get the detailed business plan and direct contact with the founder or seeker.