Yakkyofy

Business overview during phase 2:

The restriction of personal movements due to the quarantine from COVID-19 generated a surge in E-commerce sales, thus acting as a driver for Yakkyofy's business. In March alone, in fact, the startup turned over € 2.3M (+3,310.36% compared to March 2019), surpassing its entire 2019 turnover in a single month. In April there is a turnover of € 1.3M, 1248.57% more than in April 2019.The result of the first quarter of the current year marks a net +943.16% compared to the first quarter of 2019.This boost allows Yakkyofy to arrive, at the end of the first quarter of 2020, to have already exceeded by 20.20% the 2020 turnover forecast in the business plan presented to the investors of Mamacrowd.

We at Yakkyofy have created a software that wants to completely revolutionize the way of doing eCommerce through the technique of dropshipping.

After having successfully passed the acceleration program of Luiss Enlabs, we have already received total investments for €816 thousand of which €300,000 paid by the venture capital company, LVenture Group.

Today after finishing 2019 with a turnover of €2 .2M we have opened a second investment round of €2M that will allow us to expand our business globally.

So if you're here now, don't miss your chance to take part in the business revolution launched with dropshipping. Just think, 33% of all online sales are shipped this way.

Not sure what that is? Dropshipping is a replenishment method whereby the owner of an online store sells goods without physically owning them.

When he receives an order on his store, instead of managing a physical warehouse or sending the goods on his own, he passes the shipping information to a supplier who sends the package directly to his end customer in his place.

We have created a software that allows you to completely automate the entire management of a dropshipping store: from product search, to the exchange of information between seller and supplier, fromorder processing to shipment of goods.

In addition, thanks to a proprietary image recognition algorithm, which is currently in the patent phase, we will soon be able to offer our customers a unique and truly disruptive technology that will allow them to considerably cut waiting times for product quotes.

In the last year, we have validated our business model and created a widely scalable product: since the launch of our software in September 2018, we have turned over 2.8 million euros, shipping over 160,000 products to 100 different countries and we are confident that we can do even more.

Our team has very high skills in Digital and IT and our founders have 20 years of experience in international sourcing and logistics that have allowed them in the past to work with important companies such as Groupon ITALIA, Bulgari and Gruppo Uvet.