Shalabi: IU Seafood Marketplace Takes 15% Commission on 250 EGP Orders
Ahmed Shalabi · Egypt Based Seafood Marketplace Launches, Does 70 Orders, Makes 15% Commission · Aug 7, 2021 · at 4:03
Ahmed Shalabi, founder of the Egypt-based IU seafood ordering app, discusses the platform's unit economics and pricing model with Nathan Latka.
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“The average order size around 250 Egyptian pounds. And my commission is around 15% of this value.”
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More from Ahmed Shalabi
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“We were, we had global ones in our market, but they are, they quit Egypt because Talbot acquired all the market share entirely.”
Shalabi: Mainstream Delivery Apps Overlook the Seafood Market
“Seafood is not it's not a great focus for similar apps in the market. There is a clear gap we are making in delivering seafood.”
Shalabi: Talabat charges restaurants around 35% commission per order
“They are asking them for around 35 percent on order.”