CanSell: A platform to buy or sell unused tickets, vouchers.

3rd Feb 2017
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Planning a thrilling weekend ahead with your colleagues, you all book tickets in advance. That too for your favourite star’s upcoming movie - Raees. At the last moment, however, you find yourself scheduled for an urgent meeting with your project clients. Now, what you are left with is nine show tickets with no practical value attached to them. Also, you do not feel like a Raees at all now.

Now, imagine if you could find someone who needed those tickets, and, with a tap of a button, could just resell those tickets to them.

Thus, you not only save yourself and your colleagues from a depressing loss of money but also come across as that jugadu friend who is always there to turn the tables with his supernatural powers.

Now, that friend is Naveen Dhangopal, who has created a platform called as CanSell to clear up all your last minute haste.

According to him, ” Last minute ticketing and travel challenges were always a pain. One way to solve it was to create a trade platform to exchange unused tickets/vouchers, which could help save money at both ends. With this idea, CanSell came into existence on January 2 this year."

CanSell
Team CanSell

In further conversation with Naveen, he explained how he came up with the company name and elaborated on the challenges he faced while starting up.

“Ticketing is the most common place where you find the term cancel - thus, we derived CanSell from it. It is a place where you can sell your tickets when not in use,” said Naveen.

USP of the product

It is a platform dedicated to ticketing and vouchers. Travelling is majorly divided into the planned and unplanned categories. If a person wants to get hold of a ticket for the latter, CanSell may come as a handy lifeline.

Monetising strategy

As of now, CanSell is a free platform. In the future, they wish to complete the financial transactions and dropbox services with a service cost.

What is the source of this market in terms of customers?

Anyone who has unused tickets/vouchers is the customer, along with the person who wants to buy.

Funding status

CanSell is a self-funded venture, and the company wants to test the market response before they go big on technology and marketing.

Market size

Ticketing market overall - Rs 79,000 crore

Cancellation of tickets is 9 percent as per statistics - Rs 7,110 crore

Voucher market overall - Rs 9,000 crore

Unused vouchers make up 30 percent of the overall market as per statistics - Rs 3,000 crore

They are targeting the unused tickets and voucher market, which is an impressive opportunity of Rs 10,000 crore.

Product strategy

They are looking at adding more portfolios into the ticketing products, for e.g. hotels, airlines, loyalty points and more.

 

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