The startup offers a restaurant food delivery application that utilizes dynamic pricing algorithms to adjust menu item costs in real-time based on supply and demand. This approach enables customers to access affordable dining options while allowing restaurants to manage pricing flexibility for their offerings.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing food delivery apps offer static pricing, which doesn't account for fluctuations in demand or restaurant inventory, leading to missed opportunities for both restaurants and consumers. Restaurants struggle to optimize sales during off-peak hours and reduce food waste, while consumers miss out on potential savings.
Solution
Gebni is a mobile application that utilizes dynamic pricing algorithms to adjust the cost of menu items in real-time based on demand and inventory levels. This approach enables restaurants to optimize revenue by offering discounts during slow periods, attracting price-sensitive customers, and minimizing food waste by incentivizing the sale of less popular items. Consumers benefit from access to discounted meals, with prices that never exceed the standard menu price. The platform's machine-learning technology analyzes demand for specific menu items and updates prices accordingly, ensuring fair and competitive pricing for both restaurants and users.
Target Audience
Gebni primarily targets budget-conscious consumers, including college students and urban residents, seeking affordable access to restaurant meals, as well as restaurants looking to optimize sales, reduce food waste, and expand their customer base.
Features
- Real-time dynamic pricing that adjusts menu item costs based on demand and inventory
- Machine-learning algorithms that analyze order patterns and optimize pricing strategies
- Automatic price adjustments for individual ingredients to maximize restaurant margins and minimize waste
- "Name Your Price" and price alert features that allow users to set desired prices and receive notifications when those prices are met
- Integration with existing restaurant delivery services, eliminating the need for restaurants to manage their own delivery logistics
- User-friendly mobile app for iOS and Android platforms