Photo - GROTU
51036

GROTU

Group Productivity Tools in Patented Private Social Network

USA, California
Market: Internet and IT, Information and media, Tourism, sport, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 25.01.2021
Rating
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

Chat apps do not organize data, and social media platforms are public or semi-public. There is huge opportunity in building a collection of private, integrated, mobile friendly tools for Consumer groups and GROTU has taken the lead (Group travel and events planning use cases to begin with). Patent Granted in USA and international patents in progress. This is the best architecture for groups! Multi Billion dollar opportunity! More modules coming soon! Consider this the MS-Office equivalent of a Private social network! 33,000+ app downloads with tiny test marketing budget. Raising First Round!

Current Status

33,000+ GROTU app downloads on iOS and Android with 18,000+ user accounts signed up with tiny marketing budget.

US Patent granted in 2019. Patents in progress in UK and India. Additional US patent for future modules and Trademark application in progress.

See marketing videos on https://www.GROTU.com and search Youtube or iOS app store for "Group Travel App", "Potluck app", "Group Expense Splitting app" etc. to see GROTU in top search results.

Market

13 year old English speaking chat users who need Group productivity tools
1 Billion+ worldwide market

Problem or Opportunity

Chat apps do not organize data, and social media platforms are public or semi-public. There is huge opportunity in building a collection of private, integrated, mobile friendly tools for Consumer groups and GROTU has taken the lead (Group travel and events planning use cases to begin with). Patent Granted in USA and international patents in progress. This is the best architecture for groups! Multi Billion dollar opportunity! More modules coming soon! Consider this the MS-Office equivalent of a Private social network! 33,000+ app downloads with tiny test marketing budget. Raising First Round!

Solution (product or service)

Please visit https://www.GROTU.com and there are 2-4 minute videos on all use cases of app along with app demo. In 10 minutes you can understand the product. We started building the most feature rich Group activities planner in world and will eventually grow this into a Private social network with productivity tools.

Competitors

Chat apps - WhatsApp, Wechat, Messenger, Snapchat
Photo albums - Facebook, Google Photos
Splitwise
Evite
Signup
Excel sheets
Calculator
Pen and Paper

Advantages or differentiators

Patented in USA and International patents in progress
Very low cost of user acquisition via digital marketing channels
Viral growth as each user invites other group members to collaborate on GROTU
Scalable modular design - we can add or remove features
User generated content via a Self service platform just like Facebook, WhatsApp, Snapchat, Youtube, Gmail, Twitter, Pinterest, TikTok, Zoom, Linkedin
No need of expensive sales people to sell
Generates huge database of users and their likes and preferences
Super app opportunity not to be missed!
Lean team bootstrapping and working with very low cost

Finance

Post revenue but very little from Google Admob and Premium version sales on app stores

Business model

Fremium model
Integration with Google Admob
Premium version sales on iOS and Android

Money will be spent on

Product development - 40%
Marketing - 40%
Legal & Administrative - 5%
Payback debt to Founder - 15%

See details in Pitch deck

Offer for investor

Offering $1 million investment opportunity at $6 million valuation Capped convertible note with 20% discount

Team or Management

Risks

Usual startup risks - lack of sufficient funding before profitability

Since we have granted patents and Product in market, early stage risks have been mitigated to a large extent.

Incubation/Acceleration programs accomplishment

Fundable Accelerator - See https://www.fundable.com/grotu

Founder University by Jason Calacanis

Many other startup programs and conferences

Invention/Patent

GROTU mobile app has been GRANTED US Patent Number 10397322 B2 on August 27, 2019.

Additional patent applications in progress in USA, UK and India.

Trademark published and in progress in USPTO.

Photos

Photo 1 - Group Productivity Tools in Patented Private Social Network
Photo 2 - Group Productivity Tools in Patented Private Social Network
Photo 3 - Group Productivity Tools in Patented Private Social Network
Photo 4 - Group Productivity Tools in Patented Private Social Network
Photo 5 - Group Productivity Tools in Patented Private Social Network

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility29
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video