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Overfunding
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LetsBab is a digital mall, where you can shop and share products with your friends, and best of all get paid for it in cash. The app pays real people for their recommendations, which you can keep or donate. LetsBab is seeking investment to grow its userbase and roll out new features to drive sales.
- LetsBab allows you to shop, recommend and donate to charity
- Over 100 brands from high street to high end, from ASOS to Hunter.
- Average brand % sales conversion tracking at 12%
- Global retail ecommerce sales were 2.3 trillion in 2017
Idea
LetsBab is a marketplace where you can access your favourite brands website with a single click. Shop and browse for yourself or recommend products to your friends. The platform pays every person 5% of the retail price for their recommendations in cash. What you do with the cash is up to you - keep it or donate it in the app. In-built AI technology also personalises the shopping experience for you.
We're setting out to democratise the voice of recommendation. Everyday we share our taste with friends. Currently the only people getting paid for their influence are influencers/bloggers, with companies spending billions on influencer marketing. We'd like a big chunk of this to go to you.
Global ecommerce sales were $2.3 trillion in 2017 and mobile commerce was worth over £1.4 trillion. The timing is perfect to capture a piece of this market share.
The Founder has invested $600k & we've raised $1.1m from an American seed investor. Brands are seeing 12% of recommendations converting into direct sales, & average users are spending >25 minutes a day on our app. We had a successful 3 month Beta ahead of go live, where >80% confirmed they'd use the app again.
We have 16 charity partners e.g. Cancer Research & Women for Women, & we’ve featured in the Observer, Marie Claire & Yahoo! Finance. In the democratic spirit of LetsBab we'd like to give you the opportunity to become an investor.
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In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan. There will be no public offering of the Securities in the United States.
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