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PRIVEAT

United Arab Emirates

Sector Food & Beverage
Employee Count 4-10
Is Incorporated? No
Foundation Date October 1, 2020

Description


Investments



Competitive Advantage

Throughout 2020, the food services industry has experienced non-negligeable disruption. In Dubai alone, with a population of 3.5M, of the 11,000+ restaurants, 50-60% of restaurants have closed. Of the open ones, operations are limited to 50% of table volume. In the UAE, the food services industry will be worth USD 15B by 2021 growth at 5.2% CAGR. Technology solutions have been created for all food delivery models. Technologists have focused on at-home food being boxed delivery or for subsistence. Have you ever seen a food delivery box on any social media? What does a restaurant deliver that delivery and subsistence doesn't? EXPERIENCE. PRIVEAT brings social media worthy food experiences to people’s home with the global disruption accelerating the adoption of a new F&B distribution channel.


Detailed Info

Revenue Model Description

PRIVEAT will initially monetize through transaction fees, similar to UBER. PRIVEAT has ancillary monetization strategies that activate through the lifecycle of the product including but not limited to a subscription model and product placement.