Alobase.com is the # 1 platform in Vietnam for connecting homeowners with free suitable architects, contractors, painters and artists.

I. OVERVIEW:

Alobase started with the two founders when it was challenging to find a traditional home builder too time-consuming, not to mention the problems that arise during the design process.

According to the World Bank, every year, there are 200 million new households worldwide, in Vietnam more than 500 thousand new households and Southeast Asians are willing to spend 32% of savings on home repair activities. . Therefore, the architecture, construction and real estate markets have huge potential for young companies to put their applications in for innovation. Alobase solves the problem of sequential connection through technology algorithms. Customers who want to search for architects will enter the platform and will be assisted in refining architects based on architectural style, geography, price, etc.

As one of the pioneering startups applying technology in architecture and construction, Alobase solves the problem of sequential connectivity through technology algorithms. Customers who want to search for architects will enter the platform and will be assisted in refining architects based on architectural style, geography, price, etc.

Alobase is trusted by customers first because the Company has a very careful screening, verification and selection process and extremely intelligent optimization. get ideas from a team of consultants, on-site fieldwork, functional advice … This process can save customers 80% of the time and 20% of the cost compared to traditional methods. “, Said Alobase representative.

Alobase’s competitive advantage is building an appropriate algorithm and knowing how to charge per transaction, building a smart contract system, meeting the higher expectations of customers in the interior. Alobase collects 5% of the transaction value on each completed contract and collects annual fee with suppliers of 199 USD / year when participating in the system. architecture, construction.

As one of the pioneering start-ups in the application of technology in architecture and construction, Alobase is trusted by customers first because the Company has a fairly carefully selected, verified and selected process. From analyzing user requests posted on the web, Alobase will use algorithms to recommend, connect to the most appropriate architect based on similar criteria of architectural style, geography and price, … Once the expert has been found, the homeowner will be assisted from ideas up to site surveys, advice based on preferences, … This scientific process saves customers 80% of their time and 20% of the cost compared to the traditional method. Alobase’s competitive advantage is building an appropriate algorithm and knowing how to charge per transaction, building a smart contract system, meeting the higher expectations of customers in the interior. Alobase collects 5% of the transaction value on each completed contract and collects annual fees with suppliers of 199 USD / year when participating in the system.

II. BUSINESS OPERATION:

Alobase is a project first warmly warmed by Hoang – the young CEO after nearly 10 years working on the technology, furniture, and brand design in large technology corporations such as FPT, CMC … This idea comes from everyday life stories. of a relative preparing to get married. They wanted to build a house, but it took more than a month to search for the architect but couldn’t find a unit that pleased them. 

Realizing that the traditional way to find architects is time-consuming, high-cost, and does not satisfy customer requirements, the team conducted a survey of market needs. They target office workers, people who are about to get married, families who want to renovate houses. This is a group of customers who spend more than 20% of their savings on house repairs annually and in Vietnam, the market value is about US $ 300 million. And after seeing great potential from the market, they embarked on establishing technology bridges in the construction design industry. And launched Alobase.

Alobase is targeted at young families in Southeast Asia, a group of customers who spend more than 20% of their savings on annual home repair needs. In the beginning, Alobase had a lot of problems in the beginning, especially the challenge that the founders had to take on a new role that had never been done before. Alobase also takes a lot of time to build the operation process and must constantly change according to customer reviews to get the most complete product. The team is currently updating, improving technology, fulfilling the ambition to conquer the domestic market and expand internationally in the next three years.

But, Alobase also had a lot of problems in the beginning, especially the challenge that founders had to take on new roles they had never done before. Alobase also takes a lot of time to build the operation process and must constantly change according to customer reviews to get the most complete product. The team is currently updating, improving technology, fulfilling the ambition to conquer the domestic market and expand internationally in the next three years.

After 1 year of testing the business model, Alobase has established more than 300 collaborative projects, with more than 2,400 architects across Vietnam and 15,000 participants in the system.

Up to now, Alobase has more than 9,000 subscribers, 300 partners participating in the system including suppliers, architectural companies, feng shui, mural painting … The turnover in the first 8 months of 2018 reached more than 12,000. USD. The project team plans to call for an investment of US $ 150,000 in 24 months and plans to spend half of its marketing expenses.

Alobase’s roadmap to the end of 2020 is to continue to improve the experience and add a few more functions for customers, developing wall painters and feng shui experts. In the next 3 years, the company continues to improve its technology to conquer the domestic market and reach the world market

II. ACHIEVEMENT

Even in the first contest, Viet Challenge 2017, Alobase has surpassed 275 teams globally to make it into the top 5 most outstanding projects. With that achievement, they had the opportunity to come to Massachussetts Institute of Technology (USA) to present the project and meet with advisors.

In addition, in 2017, passing 300 teams across Southeast Asia to enter the list of 25 potential Singapore startups, graduated successfully the Start up Vietnam Foundation training program and participated in Vietnam Silicon Valley. “The contests help us to scrutinize, survey business models and gain more prestigious advisors. After that, Alobase spent time creating products, so they match the advice of the advisers and match the business model we aim to, ”Hoang said. 

In 2018, Alobase is one of 25 outstanding startups of the Vietnam Startup 2018 voting program organized by VnExpress. Top 25 startups are allocated to 5 teams. Each team has 2-3 experts from investment, training and startup training organizations in charge of fostering and developing projects of the exam registration teams. The training round is expected to take place within a month.

Sharing experiences from a difficult startup journey, Nguyen Huy Hoang – Founder of Alobase said, to start a business and survive In the early stages, it is necessary to be patient and not discouraged, sometimes it takes 2 to 3 years to see results, especially in some areas that require a great deal of time and research. Next comes the ability to learn, because from idea to reality is an ongoing process of adjustment and adaptation. Adapt to the market, with suppliers, with teams, with investors. “Determining what the market needs determines the start-up’s existence. I have seen many successful start-ups still die like normal, whether in Vietnam or abroad, this number is actually a lot. The lesson I learned from those stories is that they provide products to the market that no one needs, ”Nguyen Huy Hoang emphasized.  

INFORMATION:

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