Duration

6 months

Min. Investment

৳ 10,000

Projected ROI

16.5% (annualized)

Risk Grade

B

Overview

Trek N Tread is a footwear selling platform that serves retail customers, resellers, and retailers. The business is looking to raise funds to increase product inventory by purchasing imported footwear products to cater to its increasing demand.

This is a “buy-and-sell” (Murabahah) contract where investors can enjoy an ROI of 8.25%* over 6 months (annualized expected return of 16.5%).

*subject to investment risk (details below)

Mirpur, Dhaka, Bangladesh

Trek N Tread

৳ 1,400,000 Raised
৳ 0 Being Processed
0 Days Left
Raised:
200.00%
Goal: ৳ 700,000
The campaign is successful.
By Jannat
19 Campaigns | 0 Loved campaigns

The Business

Accordion Content

Written by the business

AlterC, founded with the vision of revolutionizing lifestyle commerce, emerged in 2023 as a dynamic force in the e-commerce landscape. AlterC aims to specialize in niche-driven marketplaces of lifestyle business, bringing multivariant customers and distinctive goods and experiences together through its carefully curated multi-vendor platform. We are building an ecosystem that not only enables consumers with the convenience of getting their desired niche product at their doorstep but also enables the same through to-be entrepreneurs wishing to add revenue flow for their families. Our revenue streams include both direct-to-consumer (D2C) and direct-to-business (D2B) strategies.

What distinguishes us is our commitment to providing multidimensional, high-quality footwear at the best prices. AlterC has collaborated with companies such as Daraz, bKash, Nagod, Robi, Grameenphone, and others because of our distinctness in building our footwear ecosystem, Trek N Tread. As we stand at the forefront of the industry, we seek funding to propel our expansion into new markets, enable SMEs in the footwear industry throughout the country, and solidify our position as pioneers in the ever-changing world of lifestyle commerce.

Office Address:  

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FAQ:

💡 Is the business Shariah-compliant?

The business model (selling local and imported footwear) is Shariah-compliant.

However, according to our Shariah Advisors, biniyog.io and the investors will NOT be liable if the day-to-day operations of the business are not fully Shariah-compliant.

This is because investors will be going into a Murabaha (sale contract), not profit-sharing or partnership. Please find contract details in the “Contract” section below.

💡 Is there any investment risk involved?

Investments have risks by definition, especially if they are halal. Please find possible risk details for this campaign in the “Risk” section below.

Written by the business

I am Abdur Rahman Tanmoy, the Founder of alterC Limited, bringing 14 years of diverse global work experience across renowned multinational corporations and dynamic startups with me.

My academic journey includes institutions such as St. Paul School in India where I’ve studied 10+ years, North South University, and the culmination of an MBA from IBA. This foundation, combined with more than a decade of work experience, has given me a thorough understanding of marketing and finance.

Throughout my professional career, I have refined my leadership style, which is defined by competitiveness, commitment, and cooperation. I have had the opportunity to contribute to the success of telecommunications companies like GP Banglalink and multinational corporations like Exness in Malaysia, all while learning about a variety of markets and industries.

In addition to my corporate experience, I’ve played pivotal roles in shaping startups such as Shohoj and Sheba Platform Limited. These experiences have allowed me to navigate the dynamic landscape of entrepreneurship, fostering a keen understanding of the challenges and opportunities inherent in the startup ecosystem.

I am currently leading my own startup, alterC Limited, and am driven by the dream to build a game-changing ecosystem within the lifestyle platform. Catalyzing businesses nationwide, my mission is to empower entrepreneurs and provide opportunities for the unemployed, fostering mutual growth and prosperity.

  • Revenue generation from multiple wings.
  • Caters to a niche market.
  • 100+ resellers.

The Contract

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The investment is for a period of 6 months, from January 2023 to July 2024.

Projected ROI: 8.25%

Projected ROI (annualized): 16.5%

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 108.25k in July 2024.

biniyog.io will be charging investors a 13.16% fee on their profits. Example: If an investor invests BDT 100k and makes a profit of 109.5k in 6 months, biniyog.io will charge 1.25k as a service fee. This means investors will be keeping 86.84% of the profits generated. The net ROI for the investors will be 8.25% for 6 months (16.5% annualized) after deducting biniyog.io’s fee.

  • Investors will go into a Murabahah agreement (sale contract) with Trek N Tread for purchasing leather and other accessories.
  • It will be a “buy-and-sell” process where investors will first buy the products through biniyog.io. Trek N Tread will then buy those items from investors on credit and pay the amount after 6 months.
  • biniyog.io will act as an agent for the investors and buy the products, take necessary ownership and risk of asset possession on their behalf, and then sell to Trek N Tread.
  • biniyog.io has proposed a price to Trek N Tread for the products after considering a minimum 9.5% profit on the actual cost of product procurement. Trek N Tread has agreed to it. Investors will be getting a net of 8.25% profit after deducting biniyog.io‘s service charge on investor profit.
  • Investors can expect to get their returns in 6 months.

Shariah Compliance

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Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest in the business through the buying and sale of assets under a “buy-and-sell” (Murabahah) agreement. 

biniyog.io‘s Shariah advisors have approved the basis and application of this Murabahah contract.

Potential Risks

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  • Disruptions in Supply Chain: Transportation risk can be a challenge for the business. Products can be damaged, go missing, etc. As a result, the business might face significant delays before receiving another shipment. This can negatively impact the overall revenue of the business. Moreover, the dollar crisis has created a problem for businesses dependent on import-based products. Trek N Tread sources the footwear both from local and foreign sources which could get more costly in the event of deteriorating financial scenarios of BD.

    • Trek N Tread’s strategy: The business has good connections with a good amount of suppliers and importers allowing them the flexibility to collect quality goods at a competitive price. The business also has a good connection with importers who usually ensures a smooth supply of products at the time of demand.

  • Shift in the Market Trends and Consumer Preferences: Rapid changes in fashion trends and consumer preferences can affect the demand for specific types of shoes. Failure to adapt to these changes may result in excess inventory and reduced sales.

    • Trek N Tread’s strategy: The business is focusing on a niche segment of B2C customers through its retail wing and they are working continuously to keep up with the market trends and stocking trending footwear with high demand. 

  • Economic Downturns: Economic contractions in our country can impact consumer spending on non-essential items, affecting demand for high-end footwear.

    • Trek N Tread’s Strategy: Trek N Tread usually targets different segments of customers. For example, targeting the upper-medium class to upper-class people gives the business an edge over pricing control and keeping a good margin. Similarly, targeting the lower income-bracket customers allows the business to maintain stable sales.  

biniyog.io has done in-house analyses of the projected returns of the business and they are expected to be able to repay on time considering their cash flow.

biniyog.io will buy the products on behalf of investors first and secure ownership. Trek N Tread would have the right to reject the products due to quality etc. The risk is expected to be minimal since Trek N Tread will choose the items before biniyog.io buys them.

This is a necessary risk to ensure Shariah compliance of the transaction.

Trek N Tread will share a personal guarantee security cheque and installment cheques with biniyog.io. Moreover, a guarantor will be introduced in the contract to add an extra layer of security for the investors.

Disclaimer

This investment opportunity is based on a first come first serve basis. Your investment is secured only after your transfer-proof has been received. If the investment quota is already filled, your transferred amount shall be returned.

Return of your capital is NOT guaranteed. Investment, by default, requires a risk appetite. Past performance is not a guaranteed indicator of future outcomes.

biniyog.io only acts as a consultant to the investor and the business, and does NOT manage funds for any party.

biniyog.io does risk assessment to a certain extent, but will NOT be liable if the business does not perform as per expectation.

For any questions, please use the chat icon on the right or leave a message.

  • 15-01-2024

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 7 lacs.