Friday, March 29, 2024BetterBasket presented to Wharton Alumni Angel Members at our 20-Mar Regular Pitch Event.
As BetterBasket gains momentum and Member interest, a due diligence call has been scheduled with the company.
This will be a call via Google Meet and open only to Wharton Alumni Angel Members. Registration is NOT required for this event.
https://meet.google.com/nqr-wbny-pwv
Alternative call-in details: https://tel.meet/nqr-wbny-pwv?pin=3408119400786&hs=7
If you have any questions, please contact Adam Wong ([email protected] or Adam Wong on Slack)
BetterBasket helps grocery stores with pricing, specifically with competitive data enabled by AI.
- Deal Lead: Serguei Netessine (@Serguei Netessine on Slack)
- Deal Phase: Awaiting Interest
- Slack: 1-better-basket
- BetterBasket on Dealum
- PROBLEM: Getting competitor prices for grocers, especially across tens of thousands and SKUs and for accurate "apples-to-apples" comparisons, is incredibly difficult but also a critical input into grocers' own pricing decisions. In a time of inflation, chains are looking for tools that provide data, visualizations, and recommendations.
- SOLUTION: We scrape data from the web for in-store prices, match the items to your inventory using a combination of natural language processing and computer vision, and display actionable suggestions through interactive visualizations tailor-made to the online grocer use case.
- PITCH RECORDING
- PITCH DECK
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DEAL TERMS:
- Raising $2mm at a $15mm post money valuation cap
- Instrument: SAFE
- Provides runway of $1MM ARR in 12 - 18 months