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S-VCG Pitch Deck 2025

RUN-IT

Campus Life Meets Convenience

Don't Stress It. Just Run-It.

University of Lagos (UNILAG) | S-VCG Application Ref: SVC-2025-000J6I
9:41
Welcome back, Muhammed.
Pharmacy
Health essentials.
MEDICATION
DELIVERED
SECURELY.
Services
Food
Groceries
Pharmacy
Printing
Laundry
The Challenge

The Variable Cost Dilemma

The Problem

Time-starved university students balancing heavy academic loads face chaotic, fragmented campus logistics with unreliable informal solutions and severe price-gouging.

Unreliable Fragmented Price-gouged

Our Solution

An inDrive-style reverse-bidding PWA with secure Digital Escrow and Geofenced Two-Step Market Flow that eliminates fraud and wasted journeys.

Reverse-bidding Digital Escrow Geofenced
The Process

How RunIt Works

From request to delivery in minutes

01

Post Task

Requester adds location & price. Funds are held in escrow.

02

Bid

Runners accept or counter-bid (maximum of 3).

03

Execute

Real-time status updates are provided.

04

Complete

Requester gives 2-step confirmation. Funds are released.

05

Earn

Runner withdraws earned funds to their bank.

9:41
Review Details
Step 2 of 2: Confirm Order
Delivery Route
Pickup Cooperative Hostel
Dropoff Block Hostel 3
Items: Bag Of Water
Set Your Offer
Recommended Runner Fee: ₦650
Your Offer (Runner Fee ₦):
650

Offering a higher fee attracts runners much faster. Minimum is ₦200.

The Product

See It In Action

A Progressive Web App built for campus life. Set your budget, find a runner, track your delivery in real-time, and pay securely — all from your phone.

Reverse-bidding marketplace
Escrow payment protection
Geofenced campus delivery
Real-time order tracking
Market Opportunity

From Campus to Continent

A scalable, multi-billion-naira opportunity

0

CMUL Students

Initial launch ecosystem at College of Medicine, University of Lagos

0

Nigerian Students

Currently enrolled in tertiary institutions nationwide

0

Sub-Saharan Africa

Students in education or training by 2026

Why Now? The Perfect Storm of 2026

Digital Native Shift

Mobile-first campus culture at peak

Gig Work Acceptance

High acceptance of student-led side hustles

CMUL Advantage

Highest "Need-to-Time" ratio in Nigeria

Validation

Real Signals. Real Demand.

The Data: Survey Results
0

Runner Readiness

Interest in participating as Founding Runners

0

Early Client Interest

Students willing to use RunIt during pilot

1:3

Supply-to-Demand

Ensuring high runner utilization

The Insights: Key Learnings

Flexible Earning

Students are open to movement-based, flexible earning.

Errands Outsource

Clear demand for outsourcing various campus tasks.

Rapid Adoption

Dense campus environments enable rapid service adoption.

Business Model

Revenue & Sustainability

Commission Model (25%) Platform fee on every successful transaction. 75% goes directly to student-runners.
Run Type Service Fee Our Revenue (25%) Runner Earns (75%)
Small (Food/Pharmacy) ₦300 ₦75 ₦225
Medium (Grocery/Heavy) ₦350 ₦87.50 ₦262.50
Complex/Multi-Stop ₦500+ ₦125+ ₦375+
₦450
Customer Acquisition Cost
Flyers + campus ambassadors
6
Monthly Frequency
Runs per user (~1.5 per week)
<1
Payback Period
Month for CAC recovery

Future Revenue Streams

PRO RunIt Pro: ₦1,500/month subscription for zero delivery fees
ADS Vendor Advertising: ₦5,000/month for featured placement
Competitive Edge

Trust & Culture Win

Feature WhatsApp Vendors Glovo / Bolt Food RunIt
Price Control Fixed / Gouged Platform dictates You negotiate
Campus-Specific Informal only Generic city-wide Geofenced campus
Payment Security Cash, zero trust Card payments Escrow + OTP
Peer Economy Unvetted runners Professional riders Vetted students
Dispute Resolution No resolution 24-72 hours Within 2 hours
Delivery Cost Variable high ₦800–₦1,500+ ₦250–₦500

Our Unfair Advantages

1

Deep Campus Integration

Built specifically for the CMUL/UNILAG ecosystem.

2

We Are the User

The founding team are the exact demographics being served.

3

Escrow-First Architecture

Trust layer purpose-built for student micro-economy.

4

The Market Sets the Price

Students negotiate their own fair rates, not platform-dictated fees.

The People

Built by Students,
for Students

A 5-person technical & operational founding team who live the problem every day.

Ekundayo David

Ekundayo David

CEO
Balogun Muhammed-Awwal

Balogun Muhammed-Awwal

CTO
Arifalo Rufus

Arifalo Rufus

CMO
Obidiya Erioluwanmi

Obidiya Erioluwanmi

COO
Okerafor Destiny

Okerafor Destiny

CFO
The Ask

₦50,000,000 Grant Allocation

Non-equity grant to build a scalable student support & employment platform

0%

Product & Digital Infrastructure

₦14,000,000

MVP scaling, wallet system, backend security, native apps

0%

Marketing & Campus Activation

₦16,000,000

Activation across 12 universities, student influencers

0%

Pilot & Operations

₦15,000,000

Beta deployment at 3-5 campuses, team stipends

0%

Contingency Reserve

₦6,000,000

Technical glitches, regulatory changes, rapid-response

12-Month Milestones

2,000 active users on platform
5,000 transactions processed
Full UNILAG ecosystem rollout
Expansion to 3-5 additional campuses