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About UpSpaces:
UpSpaces Pvt Ltd. The company is based on providing interior designing services
to customer and for the supply of materials, they hire vendors. The company has
created an E-Commerce platform on which the vendors can sell their products to
individual customers as well as corporate. This chapter is having the company
mission, values and benefits of collaborating with the UpSpaces. The Company’s
Sole mission is to create one stop platform for all kinds of space design solution &
to build a place for people to come explore and discover anything they need to buy
online for their space interior needs.
Competition study
Category Study
Vendor on boarding
Discussion with the property dealers
Phase 1: Competition Study
A competition analysis was conducted during the internship's initial stage. Upspaces has a lot of
rivals in Mumbai, including;
Livspace.
Arrivae.
Designcafe.
Homelane.
Bonito.
U & Us.
Pepperfry.
Makwana.
The directors of Upspaces were informed of the details after we visited all of the experience centres
belonging to each competitor that were situated in Mumbai and the surrounding areas.
An overview of
Customization of furniture;
kitchens, wardrobes, sofa sets, TV Units, dining sets, study and kids’ furniture.
Interior Solutions;
Painting, Wallpaper, False Ceiling, Electrical wiring, Carpentry and Panelling, Integration of locks.
Integration Services;
Light Fixtures, Home Appliances, Kitchen integrated appliances, Home security systems, Home automation, Cleaning services,
Refurbishment of furniture.
Service Specifications:
3D visualization of complete interior design concept.
Customized furniture, manufactured in Godrej workshops.
project handling with software-based monitoring.
Complete project delivered in 6 weeks or less.
Service and Deals provides for;
Full home furniture
Full home interiors
Partial home interiors
Bedrooms
Kitchens
Living rooms
Dining rooms
Goals:
To strengthen the reach in 20 key markets across the nation with the expanded network of 50 centres by 2025.
To touch the revenues of Rs. 1000 crore by fiscal 2025.
Conclusions:
• The website does not contain much information about the sequence of procedure.
• No clarification about the payment schedule is available on the official webpage.
• U & Us not provides the civil works to the customers.
• U & Us is not yet managed to make place in the list of top 10 key players of interior design market across India.
References:
https://uandusdesignstudio.com/index.aspx
https://timesofindia.indiatimes.com/business/india-business/godrej-eyes-rs-1000-cr-revenue-from-uus-platform-by-fy25/articleshow/68186765.cms
https://www.mordorintelligence.com/industry-reports/india-interior-design-market
https://www.godrejinterio.com/
Quotation from U&Us:
Comparison of Quotations:
Providers
Electricals 117000 NA NA NA NA
815546
Paintings 157050 NA NA NA NA
Every intern received a new task from the company after finishing the competitor research. It was our responsibility to thoroughly
examine the items for interior design. Each intern received two categories. Tiles and Sanitary ware made up my product category. I went
to tile and wallpaper merchants in various parts of Mumbai, Navi Mumbai, and Thane to research the product category.
Objectives
Tiles
1 Floorings Malwa Ceramics Khar
Ceramic Tiles Ronak Enterprises Khar
Porcelain Tiles Gada Ceramics Khar
Glass Tiles Siddharth Ceramics Khar
/Box, /Brass, /Piece, /sq.
Cement Tiles feet Nishant Enterprises Khar
Mosaic Tiles Beyond Design Khar
Quarry Tiles Kohler- Asgarali Nuruddin Santacruz
Metal Tiles Cera- Rizvi Ceramics Santacruz
Fixtures & Sanitaryware:
Hand Wash Basins
2 Sanitary Fittings Jaquar Santacruz
Bath Tubs
The Bath Antique Vile Parle
Stall type
Decent Ceramics Dadar
Flush Tanks
Kings Ceramics Dadar
Taps
H2O Bath Boutique Dadar
Showers
Water Mixers
Phase 3: Vendor onboarding
Objectives
In order to identify possible tile and sanitary ware suppliers and channel partners for Upspaces,
• Recognize their industry and examine the issues they face to answer the supplier’s inquiries about the product and procedure and
to provide information about it to the vendors.
• persuade the buyer to list their product for sale on the upspaces e-commerce website.
Approach
I have chosen a small number of possible vendors for businesses' online marketplace with the aid of the prior work, which involved
understanding the vendors' businesses.
Have spoken with more than 120 tile and sanitary ware dealers in the neighborhood and city, and identified their issues with selling
on e-commerce websites and provided them with solutions. While speaking with vendors, there are a lot of things we need to quickly
clarify while still closing the sale. The following are some significant hurdles that we overcame when trying to persuade the client to
register during that time.
Pitch
Greetings
Company overview
Product overview(about company E-commerce website)
Benefits
Cost
Registration process explanation
Doubt clearance
Vendors approached:
Date Day Name Location Remarks
22-06-2022 Wednesday Kohetoor Stones & Tiles Dadar Interested, Will Contact later
Navkar Ceramics Dadar Not Interested
Ceramic World Dadar Not Interested
Through the survey, it was discovered that many consumers are afraid to sell on e-commerce platforms because they
find the process challenging. They believe it may take more time to set up the team to handle e-commerce platform
activities.
The most effective method of promoting the UpSpaces E-Commerce platform may be celebrity endorsement.
Many customers were seen to have carefully listened to information about the product but were reluctant to register
because they were wary of attempting something new. To get people to register, all it takes is a little work.
One of the most important factors in securing the purchase was the 3D image, however it required extra attention
while speaking with the customer.
Encourage the relationship manager to make an offline visit once every month.
Phase 4: Demand potential Study
Understanding the possibilities of internal solutions and the channel partner creation plan was the study's main goal.
Since there are many different channels to access the interior solutions market, it is important to analyse and gauge
the interest of possible channel partners in order to comprehend the need and challenges of developing a channel
sale.
Each trainee was given a region to cover and a list of the property dealers and DSAs for home loans.
Thane region was assigned to me. We were given some questions by the company to ask the real estate agents
throughout the conversation.
Conclusion:
Most real estate brokers don't want to deal with interior issues. They only concentrate on real estate trading.
After the transaction is completed, they stay out of any civic work.
Customers in Vashi typically stroll in solely to rent things, therefore they don't ask for interior solutions.
Every major real estate company already has a tie-up with an interior designer.
Additionally, they have their own section of architects who handle all project work relating to interior solutions.
A few real estate dealers expressed interest, but they sought out high margins.
Thank you.