THE MODEL: An
ecommerce platform for women offering the latest in Islamic fashion. All
products are selected by the startup before being added to the portal. The
portal has over 300 brands offering more than 30,000 different items. The
startup also has a few trials stores for customers in Istanbul.
STARTUP: Modanisa
(Turkish startup)
WHAT I LIKE
Core Idea – An
Islamic fashion ecommerce portal targets a niche audience.
Niche with Curation
– A curated ecommerce platform around a niche is a good and differentiated
offering for customers.
Trial Stores –
Offering a physical place to try the products ensures more customer confidence,
though it somewhat dilutes the benefits of purchasing online.
CONCERNS
Competition – Horizontal ecommerce players post a big
challenge to niche ecommerce players.
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