Confidential : Beck Technology Ventures Pvt Ltd Pitch for private viewing.

Summary

Beck is revolutionizing global shipping by turning international travelers into a peer-to-peer delivery network. The platform connects travelers with empty luggage space to buyers and small businesses needing affordable, fast international shipping. By leveraging millions of travelers and a custom-built tech platform, Beck offers a simple, efficient solution to the broken international shipping system. With over 25,000 successful deliveries already completed, the company is rapidly expanding, aiming for 100,000 deliveries and developing additional services like SAS for airlines. Beck's innovative approach is reshaping logistics and creating new opportunities in global commerce.

Takeaways

• 😀 Beck is a company disrupting global shipping by crowdsourcing deliveries from international travelers.
• 😀 Traditional international shipping is expensive, inflexible, and complicated, especially for small businesses and individual consumers.
• 😀 Beck connects travelers with extra luggage space to buyers and small businesses who need affordable, fast shipping.
• 😀 The platform allows travelers to make money by delivering packages while they travel, and buyers get items shipped at lower costs.
• 😀 Beck's peer-to-peer marketplace matches travelers with delivery opportunities through a digital platform that handles orders, tracking, and payments.
• 😀 Beck partners with over 250 travel agents and 450 merchants to build both the supply and demand sides of the marketplace simultaneously.
• 😀 Every year, 1.4 billion international travelers represent a massive untapped pool of potential couriers for Beck's network.
• 😀 Beck estimates its market size to be over $17 billion, greater than the GDP of many small countries, signaling huge growth potential.
• 😀 Beck has already completed over 25,000 successful deliveries, showing real-world proof of concept and user demand.
• 😀 The company has received recognition from major media outlets like the BBC, Business Insider, and Economic Times, highlighting the innovation behind their model.

Q & A

What is Beck and how is it changing global shipping?

Beck is a company that is revolutionizing global shipping by transforming international travelers into crowdsource couriers. It connects travelers with unused luggage space to buyers and small businesses, enabling cheaper and faster shipping across borders.

What problem does Beck aim to solve in the shipping industry?

Beck aims to solve the high costs, inflexibility, and complexity associated with traditional international shipping, which can be a significant barrier for small businesses and consumers. It offers a more affordable and efficient solution.

How does Beck’s peer-to-peer marketplace work?

Beck's platform allows buyers to request items they want to ship. Travelers who are already flying to the destination city can accept the request, pick up the package, and deliver it, earning a fee once the delivery is completed.

What are the benefits for travelers using Beck’s platform?

Travelers can make extra cash by utilizing empty luggage space on their trips. They can deliver packages while already flying to a destination city, offering an easy side hustle opportunity.

How does Beck manage the marketplace and ensure smooth operations?

Beck uses a custom-built tech platform that handles everything from matching buyers with travelers, tracking packages, and processing payments, ensuring that the entire marketplace runs efficiently and securely.

How large is the potential market for Beck's model?

The global market for Beck’s service is substantial, with an estimated potential size of over $17 billion, driven by the 1.4 billion international travelers each year who provide a large pool of couriers.

What evidence exists that Beck’s model is working?

Beck has already completed over 25,000 successful deliveries, which proves that the platform is functioning effectively. Additionally, major media outlets like the BBC, Business Insider, and the Economic Times have highlighted the innovation behind Beck.

How is Beck planning to scale its business in the future?

Beck plans to expand by quadrupling its delivery volume to over 100,000 deliveries in the next two years, increasing its presence in global hubs like Singapore, London, San Francisco, and New York, and integrating blockchain technology for better security.

What role do partnerships play in Beck’s growth strategy?

Beck has formed partnerships with over 250 travel agents to attract travelers and over 450 merchants to supply packages. These partnerships help to build both sides of the marketplace simultaneously, ensuring balanced growth.

What future innovations is Beck pursuing to enhance its model?

Beck is developing a SaaS (Software as a Service) product to help airlines tap into the same logistics model and generate extra revenue from flights that are already happening, making the system more scalable and robust.