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Petkix Summary1
Petkix Summary1
Company overview:
- Launched in 2016, Petkix is an AI Camera enable people to keep track on their pet through
smartphone (notification, audio call, laser game, feeding)
- Product price: $99
- #Employee: 7
B. Business model:
Platform product (https://petkix.com/)
a) Hardware: Cashflow from selling product.
USA Market: direct-to-consumer on Kickstarter, Indiegogo, Amazon, Shopify
Japan, Singapore, Australia, Europe and other markets: Retail Partners
b) Software & Subcription (future expectation)
Cashflow when people increase to premium account in mobile app for more
functions (auto selfie, auto play, smart pet diary, daily walking distance, healthcare
suggestion…)
Partner with food and pet insurance companies
In March 2019, Petkix signed a manufacture contract and to June 2019, finalized mass production
designed.
In April 2020, they got 74 orders at $12,000 on INDIEGOGO and planned to launch on KICK STATER in
September 2020.
Expected: Profitable after first patch of production
Sales in USA market in the 1st year: $678,328
Expenses in the 1st year: $382,000 (include: Manufacture 5000 products, Logistic, Marketing,
Legal&Tax, Operation)
C. Competitor: