New Zealand company, LazyAz is looking to revolutionise retail with its application based on-demand delivery service that connects with brick and mortar shops. They are seeking to raise between $75,000 and $200,000 from the sale of shares. The offer is being made through AlphaCrowd's equity crowd funding platform which can be found here.
Founder Aryaman Taore was just 17 years old when he developed the first version of the LazyAz mobile app. Aryaman, now 18, who recently finished Botany Downs Secondary College, came up with the idea when he was craving a fast-food burger but neither he nor the restaurant had transport. This craving launched a sequence of events that resulted in him developing his first mobile app with $1000 in savings and a $750 contribution from his parents.
Off the back of some self-launched publicity and PR, Aryaman fielded multiple offers for first-round investors. He decided to join forces with Toss Grumley, Director of Wolf and Fox. Toss became the company’s first investor and provided seed investment for LazyAz as well as mentoring and resources to grow the business.
“I was intrigued by what I read about Aryaman,” said Toss. “But after our first meeting I was blown away, his vision, passion and preparedness isn’t something you see in a 17 year old very often. Eleven months on Aryaman is every bit the definition of entrepreneur.”
Aryaman recently turned down entry into the prestigious Harvard University in favour of launching his start up while studying engineering full time at the University of Auckland.
Aryaman evolved his initial craving into a fully operational business with 1500 customers on the data base, 20 partner stores around the Auckland CBD, and others rapidly signing on.
“The company’s evolution hasn’t just been by growth, but also our direction and business model,” said Aryaman. “After starting operations, we moved quickly to get past delivery as a standalone service, it was only the starting point for our overall business plan.”
The growth of the company’s business model is driven through their mobile app and online platform currently in build. It fully catalogues all partner products and services, creating a mobile aggregator to bridge the gap between e-commerce and in store retail. It combines the reliability and familiarity of local stores with the convenience of online shopping and within-the-hour delivery.
"We are so much more than a delivery service. We are creating a platform that local Kiwi stores can use to sell and consumers can use to buy. Our courier fleet simply acts as a medium to get products to the customer's door, our business case goes far beyond that. Our model allows us to assist with retail sales in just about any industry while delivering additional revenue though advertising, commissions and fees," added Aryaman.
“We recently ran a successful investor evening and were able to raise almost $40,000 in committed investments on the night,” added Toss.
Investments begin at $200 for asset class, ordinary shares and the first closing date is 10 November 2016.
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