Hey, fellow Cardano fans. I'm contemplating launching an ICO to raise funds for my startup and I would love to use the smart contract technology coming to Cardano to run this project.
Here you go a little bit of what we are doing:
We are fixing the outdated supply chain of ingredients among restaurants, distributors, and factories by **providing the simplest, most affordable way for restaurants to get their daily supplies.**
We help restaurants **save on average 10% on their purchases** and save **them thousands of hours negotiating** with multiple distributors.
The platform aggregates restaurants’ orders and invites dozens of distributors to place their bids in a reverse auction process. Restaurants save Food suppliers can sell more without new sales reps.
The total amount of food being negotiated between restaurants and suppliers in Brazil is $20B every year and that amount is growing at 6% YoY.
Our model charges restaurants a flat fee of $100 per month and 5% from the distributors. We successfully signed up 100 restaurants in the first month and 9 of the top distributors in Sao Paulo - Brazil. We are looking to achieve 2000 active restaurants within the next 24 months and bring it $3M in profit per year.
To scale fast, we are looking to raise $3M. I would love to hear your comments about setting up an ICO and using Cardano tokens for this.
Our website is [www.smartkitchen.com.br](https://www.smartkitchen.com.br/) and my Linkedin is [https://www.linkedin.com/in/yfaber/](https://www.linkedin.com/in/yfaber/)