Shageevan and Indulekha, Co-founders of MyWish.lk, aboriginal met at a Hackathon hosted in Sri Lanka, one of the actual few Hackathons that are conducted in Lanka. That is back they came up with the abstraction of their startup – to accomplish weddings added amusing and accessible to plan. Soon afterwards their appointment at the Hackathon, they started architecture the website.
MyWish.lk went alive in May 2012 beneath clandestine beta. The aggregation went advanced and submitted their business abstraction at the Adventure Engine competition. The aggregation was one of the Top 10 account amid 70 acceptable affection submissions. MyWish.lk aggregation managed to accession antecedent allotment to ammunition their adventure to the aing level. The website was full-fledgedly launched in January 2013.
To apperceive added about this absorbing venture, we t up with Shageevan, who has over 6 years of acquaintance in architecture circuitous online systems and web services.
Tell us in detail about the offerings of MyWish.
MyWish was created with the avant-garde helpmate and benedict of the agenda age in mind. Today, couples appetite to accomplish their bells admirable and memorable with atomic hassle. We at MyWish adulation to accomplish this a absoluteness for all couples who are planning their wedding.
MyWish bells casework offer couples options to actualize admirable bells web pages, agenda bells invitations with RSVP ability and a bells anthology area they can absorb aloof about any allowance they like! And the best allotment is, MyWish bells casework are absolutely chargeless of allegation at this point in time and it’s accessible to annals and alpha your actual own admirable bells page.
The anew launched aboriginal adaptation of the “Wedding Account Planner” is activity to be a actual advantageous apparatus for couples who are planning their bells as well. The accent appearance of the Bells Account Artist are that it’s on a billow platform, it’s able-bodied protected, a distinct user can administer any cardinal of accident budgets and they can allure their spouse, dad, mom, bells planner, their best accompany or anyone abroad they appetite to advice them out with their budget.
What motivated you to alpha this MyWish?
For my partner, Indulekha, it was her claimed acquaintance during her own wedding, that she saw the charge for a bells anthology that would babyish to the needs of couples in Sri Lanka. And for me, it was the huge bazaar befalling that existed area there was a abridgement of affiliation amid assorted bells account providers.
Today we are a aggregation of 4 people.
How big is the bazaar you are aggravating to capture?
With 200,000 weddings demography abode in Sri Lanka per year and with at atomic 100 guests accessory anniversary – and because bounded internet assimilation at 15%; we are attractive at about $11 actor market, actuality safe on ambience up the amount per allowance at an boilerplate of $25. It can abound about 10% per year based on allowance pricing, online user advance etc.
What were your aboriginal challenges?
Setting up the antecedent aggregation was hard, as startups are new abstraction in Sri Lanka. Abridgement of acclaim agenda assimilation was a big challenge. Today we action Cash on Delivery. Distribution and business were big challenges as well. Accepting absorption for anarchistic online casework is arduous because of the almost beneath internet assimilation compared to best added countries in the world. But with accretion internet penetration, online account providers accept a huge abeyant in Sri Lanka.
How has the absorption been so far?
We are based in Colombo and our appointment is amid aural Orion City, an appointment circuitous abundantly accepted for hosting abundant tech companies and startups in Colombo. Our abeyant users are amid 18 – 35 years old, who are in a accord or engaged, who accept internet admission additional their accompany and ancestors additionally accept online access.
The cardinal of new users on the armpit is currently adopting at a acceleration of about 10% per ages accustomed that this is a actual new abstraction for Sri Lanka. In addition, there is a acceptable barrier for ability and registries area bodies usually do not like to ‘ask’ for gifts. However, with the acceptable arrangement of allowance giving, bodies end up with bifold items or absolutely accidental gifts, which is a huge decay of money. To accretion a abundant faster traction, this barrier has to be destroyed. Currently we host about 300 bells profiles and counting. Even admitting best of them are experimental, we did see some amazing uses for example, one of our users acclimated her bells folio to allure her online contacts and requested them to accelerate her their postal addresses so that she can column printed invitations. Bodies are boring accepting acclimated to the abstraction of bells registries but we accept a continued way to go.
What are your amplification plans?
We’re planning on accretion the abstraction of allowance registries above weddings, in to added areas such as birthdays, christmas, babyish showers etc. We’re additionally attractive at architecture accoutrement that bodies can use for the planning and the alarming assignment of managing all the activities complex in acclimation a bells ceremony. Our aim is to become the best acknowledged online bells account provider in South East Asia.
Advice to bodies attractive to startup in Sri Lanka
Don’t sit on your ablaze abstraction for too long. Someone abroad ability do it afore you do.
Don’t be abashed to allotment your account and get feedback. Not anybody is out there to abduct your idea.
We accept completed our aboriginal aerial amount transaction with a Samsung Galaxy S4 from our online store, in a distinct acclaim agenda transaction. We were afraid accustomed that it is account LKR 90K, the chump went on and purchased after a distinct question. Back we asked him for the acumen for the abrupt purchase, he said our armpit is the alone armpit he acquainted accessible to use. We were captivated as this is a huge action agency for us.
To apperceive added about MyWish, appointment their webiste https://www.mywish.lk/
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