Startup Battlefield Mena 2018: Seez (Finalist) | Summary and Q&A

TL;DR

A new AI-powered platform called C's aims to revolutionize the car buying process by providing a centralized and transparent platform for searching, negotiating, and even leasing cars in the MENA region.

Key Insights

• 🥺 The traditional methods of buying and selling cars have remained largely unchanged for the past 20 years, leading to a need for more efficient and transparent solutions.
• 💅 C's uses AI-powered algorithms to streamline the car buying process, providing users with accurate price estimations, access to all car listings, and negotiation assistance.
• 🈷️ The platform's success is evident in its growth rate of 20% month-over-month, with 25% of searches resulting in converted leads.
• 🇸🇦 By expanding into Saudi Arabia and other countries, C's plans to tackle the $9 billion automotive market in the MENA region.

Transcript

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Questions & Answers

Q: How does C's validate the accuracy of its price estimation for cars?

C's validates the price estimation by partnering with trusted organizations such as insurance companies and banks, as well as scanning the market to ensure the data used for training their AI algorithms is accurate and relevant to the current market conditions.

Q: What percentage of car leads generated by C's convert into actual sales?

On average, 25% of all searches made on the C's platform result in converted leads, generating over 80,000 leads to date. However, the conversion rate may vary from month to month.

Q: How does C's differentiate itself from other online classifieds and car marketplaces?

C's differentiates itself through its AI-driven negotiation capabilities and the ability to provide users with a unique view into the final price that car owners have in mind. This feature allows users to find more attractive deals and encourages owners to sell at lower prices.

Q: How does C's ensure the quality of used cars listed on its platform?

C's addresses the issue of quality by partnering with trusted organizations that provide car history and inspection services. They highlight these validated cars on their platform to give users more confidence in the quality of the vehicles.

Summary & Key Takeaways

• C's is a new platform that aims to simplify the car buying process by condensing the entire search process into one transparent and AI-powered search engine.

• The platform allows users to take a picture of a car they like and immediately see the estimated value, expected depreciation, and other relevant information.

• C's provides users with access to all cars listed on various websites in the country, and their AI negotiation chat box contacts dealers to ensure the best deals are negotiated for users.