Mam Mam - The Brick And Click For MealsConsumer Productswww.mammam.com.my |
Min Target |
MYR 300,000 |
Max Target |
MYR 400,000 |
Min Equity |
5.00% |
Max Equity |
6.56% |
No. Of Investor |
20 |
Price Per Share |
MYR 5.87 |
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PROBLEM STATEMENT
Today, especially in the main cities of a country, people are used to the busy and fast lifestyle. This not only refers to the working hours but also the after-work life of the citizens. Finish off your work at 6pm and going back home to enjoy home-cooked dishes is no longer a norm. Thus, companies introduce the "take-away" and "food delivery" services to cater for the hectic lifestyle. In Malaysia, the food delivery services have been dominated by a few major players and most of them are multinational fast food chains. Therefore, food delivery options for Malaysian are limited to fast food or western cuisine only. However, there are some platforms who offer more customized food but they usually impose minimum orders or charge a delivery fee which adds to the overall cost to customers. In addition, inconsistent food quality is not assured but consumers generally accept it due to limited options. With the mission to fill the current gap in the market, Mammam Deliveries decided to take a step forward with its ambitious and innovative business model.
MAMMAM DELIVERIES - THE SOLUTION
Mammam Deliveries ("MD") is a new food concept that combines culinary talent with high-quality ingredients delivered straight to your door with the tap of a button. It aims to cater for working consumers who has minimal time to cook and fill the gap in the market where the current delivery platforms are unable to fulfill e.g. limited operational hours and meal options. MD owns the entire business chain, from customer services team to kitchen and food delivery. Owning every step of the process from chopping ingredients to delivering a meal, means that MD will be able to control the outcomes that can't be achieved by other players.
('RM) | 2017 |
2018 | 2019 |
Revenue | 6,457,500 | 15,472,500 | 23,707,500 |
Revenue growth | - | 140% | 53% |
Gross profit | 3,572,850 | 8,758,550 | 13,517,350 |
Gross profit margin | 55% | 57% | 57% |
Operating expenses | 3,667,800 | 5,416,550 | 6,313,900 |
Net profit | (104,950) | 3,342,000 | 7,203,450 |
Net profit margin | - | 22% | 30% |
BO1-C, Boutique Office 1,
Menara 2, Level 19, 3 Jalan Bangsar KL Eco City, 59200, Kuala Lumpur.
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