Auto Parts Revolution: Digital First, Bricks & Mortar Last

Upcoming Automotive Superstore Pty Ltd

Automotive Superstore has Digital Native Pedigree

A digital native business is digital first and foremost.
 

Of course, being a digital native does not make a unicorn. But it has a pedigree that many seem to favour.
 

Built in the cloud using mobile tech as the customer interface, digital natives tend to perform better in order fulfillment and on lower operational costs, compared with brick-and-mortar retailers.
 

According to McKinsey, ‘a successful platform play can achieve close to 10% growth momentum in EBIT in five years’.
 

For Automotive Superstore, their digital first strategy landed them in the Top 30 of the AFR Fast Starters list, awarded to Australian start-ups ranked by revenue and year on year growth. 

Australia's Digital Native for Auto

Automotive Superstore is Australia’s #1 independently owned auto parts retailer, and their digital first strategy has taken them from $275,000 turnover in FY16 to $10.8 million turnover in FY21.
 

All of this was achieved through online orders delivered to customers Australia-wide, supported by just one click & collect depot located at the Head Office in Sydney. 
 

The majority of players in the Australian auto parts industry are old school - trying to retrofit their bulky early 20th century brick-and-mortar retail model into the digital economy where Automotive Superstore was born.  

Disrupting the Establishment

The Australian automotive parts market is big -with a total addressable market (TAM) of $5 billion. 
 

It is dominated by three players: Supercheap, Repco and Bapcor – all brick-based business with recently developed online offerings. Supercheap (SUL) alone has a market capitalisation of $2.4 billion. However, these three players also have a legacy cost base for their combined 1,100 stores across AU & NZ.
 

Luckily for Automotive Superstore, their digital first strategy means no costly shopfronts and a lean operation for order fulfilment.

A Digital First Approach to Auto Parts Retail is Trending

For automotive parts retailing, US data shows digital is outperforming traditional retail. In 2020, on top of organic growth, an additional USD $1.9B in sales shifted from Bricks to Clicks.
 

In a study of web behaviour on approx. 100 million visits to US auto parts and accessories sites, it found a 50% year-on-year increase in monthly online sales since April 2020; compared to 14% pre-COVID.
 

At home, it is often suggested that our e-retailing is a few years behind the US (OECD has us 29 places behind the US for ICT’s domestic gross value add). The advance of online fashion and beauty in the US was ahead of local successes such as The Iconic and Adore Beauty. 

Investing in the Future

Automotive Superstore is a digital native that embraces a cloud-first, mobile-first strategy.
 

US data shows that digital native auto parts businesses are growing ahead of projections collectively.
 

Interested in being part of the Automotive Superstore journey and taking on the old economy?
 

Discover investment opportunities here.

 

Equity Crowdfunding Upcoming

Bet Odyssey Pty Ltd

Bet Odyssey Pty Ltd
CROWD TIPPING TECH
Better betting strike rate without a form guide

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Australian’s love a punt (2.7M of us annually) AND we love a win. But who has time for form guides? Now there’s BET ODYSSEY; a multi-threaded algorithm-based app. Set your preferences and get your personal tips, or use the BET ODYSSEY AI driven power to get the best of the best tips of the day – at the touch of a button.

 

BET ODYSSEY’s crowd tipping tech is primed for the opening up of legalised racing and sports betting in the US.  

 

Before investing please consider the offer document and the general risk warning.

Equity Crowdfunding Upcoming

Automotive Superstore Pty Ltd

Automotive Superstore Pty Ltd
Digital-First Strategy Overtakes Traditional Auto Parts Retailing.

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Automotive Superstore is a Digital Native. Like their peers overseas, the digital first strategy seems to be a game changer - ‘low cost base’ and ‘always on’.  It is hard for brick based retailers to adapt, allowing click based businesses to carve out an expandable niche.  

 

Before investing please consider the offer document and the general risk warning.

Equity Crowdfunding Upcoming

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Boatingo Pty Ltd
Others make you APPLY to charter a boat. Boatingo BOOKS boats instantly.

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Remember what the accommodation market was like before Airbnb and bookings.com? Tedious for buyers and constraining for owners!

 

Unlike accommodation, boat charter is still pre-digital – a mix of pretty websites with manual back and forth between customers and boat owners. Until now that is…

 

Boatingo’s real-time booking is set to DISRUPT the existing USD $51B charter business; and its SaaS model is set to unlock more stock to meet growing demand.

 

Before investing please consider the offer document and the general risk warning.

Equity Crowdfunding Upcoming

Better That Ltd

Better That Pty Ltd
Flipping retail on its head. It’s Shopping made better.

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Welcome to the new world of shopping – Changing the way we can buy, sell and champion good causes.

 

BETTER SHOPPING – Better That is a centralised retail ecosystem where shoppers and retailers can connect to get exactly what they want, when they want it - every time. And good causes benefit from each sale - combining buying power and social responsibility all in one place.

 

BETTER WORLD -  With every purchase our customers nominate their preferred good cause and Better That then donates up to 25% of the net commission revenue to support that endeavour. Why give away margin? It’s a BETTER way to ACQUIRE and RETAIN customers. 

 

Before investing please consider the offer document and the general risk warning

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Fitgenes Australia Ltd

Fitgenes Australia Ltd
Personalised DNA-based, wellness plans - tailored, reliable, affordable, and accessible

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People spend big on wellness (it accounts for 5.3% of global economic output). But, 80% of consumers find the market is full of conflicting data, making this spend haphazard. Solving this problem is the emerging wellness genomics sector - a high-growth market (13.2% CAGR), predicted to hit US$9 billion by 2026.

 

Meet Fitgenes. With a range of wellness focus areas, Fitgenes’ genomic products cut through the clutter - delivering wellness plans tailored to the specific requirements of an individual. But it is the distribution network and strategy that sets this growing heath-tech business apart.

 

Before investing please consider the offer document and the general risk warning.

 

Equity Crowdfunding Upcoming

GigSuper Holdings Ltd

GigSuper Holdings Ltd
Finally, a super fund for the
self-employed

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GigSuper is addressing the $150b gap in the market for super for the self-employed. Self-employed Australians don’t have the luxury of an employer making super contributions for them, and often struggle with retirement. GigSuper’s answer to this is an easy to use platform that automates voluntary super contributions for its members.

 

Unlike Big Super, GigSuper attracts younger members, with a lifetime of saving ahead of them – more money coming in than going out.

 

Before investing please consider the offer document and the general risk warning.