TimeApp startup profile
Company: TimeApp
Launched: 2019
Founders: Yerdos Daut
Location: Almaty, Kazakhstan
Overview:
TimeApp is an online booking platform designed to increase sales for both small businesses and individual entrepreneurs, whilst improving consumer satisfaction. The company has adopted a similar business model to uber; covering multiple sectors including beauty, car services, medicine, tourism, entertainment and domestic services. Customers search for a product/service of their convenience and arrange a time with their business provider accordingly.
TimeApp streamlines the process of booking appointments and removing waiting times for both customers and businesses. After conducting appropriate market research, TimeApp has identified a gap in the market where it indicates that a service of choice is nearly always occupied. In short, by creating a user-friendly app, they have solved the problem where consumers are not receiving a 100% guaranteed time for a specific service.
With artificial intelligence becoming increasingly utilised, TimeApp has created an app with high-quality layouts, video ads, promotions and also a seamless social network. By covering multiple services, with targeted ads and a personalised map route to a selected service, TimeApp has created a unique app that provides consumers with extreme value. To highlight a few examples, this includes instant booking, competitive pricing, feedback and reviews, and a cashless service.
Currently, TimeApp indicates having more than 120 active users in Almaty and Nur-Sultan combined, with more than 500 listed service providers. They are hoping to expand into various countries such as Russia, Ukraine and Hong Kong in the near future.
Similar start-ups are filling the gap where artificial intelligence is being increasingly utilised to create online booking platforms. Capital investment is required to propel the early-stage company to acquire market share across various regions. It is important to note that TimeApp has adopted a business model that has been proven and tested during COVID-19, and therefore, has potential to capture significant market share.