Pigee

A revolutionary travel shopping app for the exceptional traveling shopaholic. Buy till your heart’s content and ship your purchased items home directly from the shops you visit while traveling. The ability to send your travel shopping home from any shop you visit in the world will not only save time for tourists, it will increase revenue to small shops around the world. 75% of tourists said they would spend more if they could send their purchases home with the Pigee app. Pigee: Shopping that makes it’s own way home.

Bookmarks

Progress: 50 %

Funding Raised

$5,000

Funding Goal

$10,000-$100,000

Days Remaining

29 Days

Pigee

A revolutionary travel shopping app for the exceptional traveling shopaholic. Buy till your heart’s content and ship your purchased items home directly from the shops you visit while traveling. The ability to send your travel shopping home from any shop you visit in the world will not only save time for tourists, it will increase revenue to small shops around the world. 75% of tourists said they would spend more if they could send their purchases home with the Pigee app. Pigee: Shopping that makes it’s own way home.

Progress: 50 %

Funding Raised

$5,000

Funding Goal

$10,000-$100,000

Days Remaining

29 Days

Business Description

Send travel shopping home!

Pigee is a new type of mobile marketplace app that converts any shop you visit on vacation into your own personal Amazon-like store. Tapping into the $300Bn logistics industry by charging a commission for shipping from locations you travel to. Our niche in the global logistics industry will lead to a $1.4bn revenue.

With an award winning 4x founder and great team. Pigee operates a unique niche in a logistics market with 40% 5Y CAGR and $49bn market potential. Pigee has partnerships with FedEx, UPS and Lion Parcel.

Pigee – The Homing Pigeon will change the way travel shopping is done forever. Not only will it increase revenues for small shop owners. It will improve the shopping and travel experience of global travellers and expats.


Problem

Tourists limit shopping to what they can physically carry.
To ship purchased products home from vacation is convoluted. The shipping cost is unknown until after product purchase.
Tourist focused shops seldom make recurring sales and find it difficult to persuade customers to buy large or delicate items.

Solution

Unlimiting the shopping experience. Tourists can purchase as many products as they like. From any street market or shop they visit in the world. Having their products conveniently sent directly to their home.
The easy-to-use system insures the money you’ve spent. Pigee allows you to purchase items from the same seller in the future meaning recurring sales for the shop owner.



Business Model

As a marketplace the application generates revenue by charging a commission from transactions. These include product value, shipping cost and foreign currency exchange. A machine learning and AI model is currently in production to optimise pricing for shipping.



Traction & Customers

During its first pilot launch in Bali, Indonesia during May. 50 shops were registered, 100+ user registrations and over 1000 downloads in only 2 weeks. Based on feedback from early adopters, the release of version 2 is pending imminent release.

Version 2 will include:
Local shipping partners
Direct to bank withdrawals
Shop registration incentives
New 1 minute shop registration flow
Availability for shops in over 88 countries



Investors

$150,000 Pre Seed invested by Lawrence Investment Holdings at concept. MVP milestone target completed.

Terms

Pigee Inc. will be offering a SAFE agreement as described below in this Regulation Crowdfunding offering:

$16M valuation cap

The security being offered is a Simple Agreement for Future Equity (SAFE), therefore, investors will not be receiving equity at the time they invest in Pigee Inc. through this SAFE. Instead, they will receive equity at a later date once the events outlined in the subscription agreement occur.

If there is an Equity Financing before the termination of this SAFE, on the initial closing of such Equity Financing, this Safe will automatically convert into the greater of: (1) the number of shares of Standard Preferred Stock equal to the Purchase Amount divided by the lowest price per share of the Standard Preferred Stock; or (2) the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Safe Price.

If there is a Liquidity Event before the termination of this Safe, this Safe will automatically be entitled, subject to liquidation priority, to receive a portion of the proceeds, due and payable to the investor immediately prior to, or concurrent with, the consummation of such liquidity event, equal to the greater of (i) the purchase amount or (ii) the amount payable on the number of shares of common stock equal to the purchase amount divided by the liquidity price.

If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Risks

This offering involves a SAFE (Simple Agreement for Future Equity). Please note, that upon your investment you do not immediately earn an equity stake in Pigee Inc. SAFEs involve a triggering event that must occur for your investment to convert into equity. It is critical that investors read the subscription agreement prior to investing in a SAFE to understand all of the terms of the security.

See Offering Statement; A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.
In making an investment decision, investors must rely on their examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

Neither PicMii Crowdfunding nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Security Type:

SAFE

Valuation Cap

$16,000,000

Post Money Valuation:

N/A – SAFE

Regulatory Exemption:

Regulation Crowdfunding – Section 4(a)(6)

Deadline:

December 31, 2022

Minimum Investment Amount:

$1,000

Target Offering Range:

$10,000-$100,000

*If the sum of the investment commitments does not equal or exceed the minimum offering amount at the offering deadline, no securities will be sold and investment commitments will be cancelled returned to investors.

Market Projection

In Indonesia, Pigee has a robust granular plan to generate $250m in annual revenue.

Competition

Pigee has a niche in a market with a number of unicorns that have either listed an IPO or been acquired. Both in the USA and in Indonesia. Pigee is perfectly placed to grow ahead of the 40% CAGR of the logistics market and create new market size in the travel shopping industry.

  • Last active: 3 months ago
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Pigee
  • Group
  • Leroy Lawrence
  • Send travel shopping home! Pigee is a new type of mobile marketplace app that converts any shop you visit on vacation into your own personal Amazon-like store. Tapping into the $300Bn logistics industry by charging a commission for shipping from locations you travel to. Our niche in the global logistics industry will lead to a $1.4bn revenue. With an award winning 4x founder and great team. Pigee operates a unique niche in a logistics market with 40% 5Y CAGR and $49bn market potential. Pigee has partnerships with FedEx, UPS and Lion Parcel. Pigee - The Homing Pigeon will change the way travel shopping is done forever. Not only will it increase revenues for small shop owners. It will improve the shopping and travel experience of global travellers and expats.

Leroy Lawrence
Founder CEO
BackgroundAward-winning CEO, 4x Founder, Capital Markets and FinTech background Focused on sales and vision.

Nickson Zachary
Head of Product
BackgroundDigital start-up specialist. Front End developer. Bsc Biochemistry from JKUAT. Complex start-up infrastructure experience.

Olaleye Abiola (Tobi)
Digital Marketing Lead
BackgroundDigital marketing whizz US, Middle East and Africa Experience MBA from the University of South Wales.

Balaji Sharma
Interim CTO
BackgroundCustomer focused developer Broad leadership experience Masters in Machine Learning MBA from AIB, Australia.

Sharon Thomas
Legal Counsel (Advisor)
BackgroundExperienced Technology Commercial Lawyer Former VP Accenture European Counsel of GENPACT Global user privacy data law

Legal Company Name

Pigee

Location

8 The Green, Ste A
Suite #13419
Dover, Delaware 19901

Number of Employees

13

Incorporation Type

C-Corp

State of Incorporation

Delaware

Date Founded

January 26, 2021

Bookmarks

Educational Material

Regulation
March 15, 2021

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March 17, 2020

Types Of Securities

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