Boitas.com: Group-buying wholesale marketplace for SMBs in Latin America

Hello, PH Fam! 👋 We’re Raul and Marcelo, Co-Founders of Boitas.com (YC W21) we’re building the first wholesale marketplace for overstock products in Latin America. We help companies sell their overstock inventories directly to SMBs and resellers, eliminating local liquidators (middlemen). This results in higher returns for companies on their overstock and at the same creates business opportunities for SMBs and resellers on and offline. Our goal is to sell overstock in minutes!! 🚀🚀🚀 THE PROBLEM In Latin America most retailers have a 100% return policy on all unsold products. So, importers, distributors and manufacturers have at least 15% overstock of their inventories. These millions of dollars in products will either sit for years in warehouses without any online exposure or can be sold to liquidators who will only pay pennies on the dollar (10% of the cost) and in cash (which doesn’t help to write of the loss). THE SOLUTION BOITAS.COM helps businesses by: - Reaching millions of resellers and small businesses that they currently don’t have access/exposure to. - offering a better return or a smaller loss on overstock products. - Reducing warehouse costs - Eliminating cash transactions (common among liquidators that take overstock off their hands) that are a headache and provide no tax benefits. HOW DOES BOITAS.COM WORK? For example, “Bissu” is a makeup brand that sells their products in retail. Every month they receive boxes of product that they have to take back. 👉 BOITAS.COM captures that inventory 👉 Shares the opportunity with a targeted active user base 👉 BOITAS.COM sells products by lots/wholesale 👉 BOITAS.COM collects and ships the products 👉 BOITAS.COM pays Bissu for the purchase BOITAS.COM analytical process identifies the opportunities and knows to whom and where those products should be sold. So, we understand when to pump the brakes or double down on marketing when optimal opportunities are identified.