Lightly
Created by a mother who
experienced frustration when traveling with her baby, Lightly provides
essential products such as diapers, crib sheets and swaddle blankets for hotels
and other travel companies to provide to their customers.
Founded in 2020, Lightly sells
its kits directly to hotels and other suppliers, and in the future will develop
a direct-to-consumer channel that would include delivery of the kit to
a hotel or vacation rental.
What is your 30-second pitch to investors?
Lightly is a luxury baby care brand servicing the travel industry and
wanderlust families. We are dedicated to making the "getting there"
easier for parents towing toddlers and infants, by
providing quality essentials to destinations’ doorsteps. Frictionless
travel experiences for modern parents is our goal.
A recent study reported 62% of “perennials”
(millennial and parents) are traveling with kids under the age of five and
yet most major airports, airlines, hotels and other travel and hospitality-related
entities don't provide basic hygienic essentials. It’s
like the equivalent of checking in at your favorite five-star hotel, only to
discover your room is without toilet paper, bed linens or towels. Ultimately,
we are on a mission to raise industry standards and cultivate a cultural shift
in travel that promotes thoughtful and authentic support for families. We are a
robust demographic, grossly underserved. Family travel is emerging
as a dominant travel persona - particularly as more people are able to work remotely - and the needs and expectations of the consumer
are changing.
Describe both the business and technology aspects of
your startup.
Our luxury nursery kits consist of things such as diapers,
crib sheets, swaddle blankets, disposable changing pads, baby wash, etc. We
pride ourselves on providing premium, organic, and eco-conscious products.
Parents should not have to compromise on quality while away from home.
Each kit comes with a prepaid shipping label that allows
consumers to donate any unused items to our non-profit partner, Baby2Baby. We
aim to make an impact on waste reduction, help children in need, and promote
circular commerce.
We sell our kits wholesale to hotels and other travel and hospitality
businesses. Our hope is that they provide our kits complimentary to their
guests, but they are allowed to resell them. In the future, we will launch our
own unique consumer portal that will enable parents to pre-order kits for
delivery directly to their hotel, vacation rental or temporary
home.
Give us your SWOT
(Strengths, Weaknesses, Opportunities, Threats) analysis of the company.
- Strengths: Our
expertise lies in fashion, art and culture, which allows us to bring a fresh
narrative and unique perspective on solving a shipping and logistics problems
and creating a branded consumer experience.
- Weaknesses: First
time founders with a startup in its infancy, means we are prone to make "freshmen"
mistakes.
- Opportunities: Our
opportunities are unlimited because we are providing hygienic essentials.
Further cementing our decision to kick off with a niche approach.
- Threats: consumer
packaged goods conglomerates.
What are the travel pain points you are trying to
alleviate from both the customer and the industry perspective?
For the customer: Freedom from the cumbersome demands
of planning and packing all the baby stuff and/or hunting and gathering for
supplies when you've made it to your destination. Unnecessary diaper runs. And
all of the wonderful stress that comes with it.
For the industry: Enabling businesses to provide
consumers with exactly what they need without increasing their operational
burden. Everyone is grappling with the challenges of labor shortages, but
compromising on quality amenities, services, and experiences is detrimental to
survival in this new age of travel.
So you've got the product, now how will you get lots
of customers?
We will develop strategic
partnerships with established travel and hospitality brands. Down the road, we
will launch a unique consumer portal to unlock exponential growth and
enable seamless integrations with any entity unable to foot the inventory bill
and/or faced with operational constraints.
Tell us what process you've gone through to establish
a genuine need for your company and the size of the addressable market.
We participated in an incubator back in 2020 called
Tacklebox that provided us with the opportunity to do market research and hear
a countless number of horror stories and complaints related to family
travel. Lightly was also birthed out of our founder's own traumatic experience
when traveling with her baby.
How and when will
you make money?
We sell our nursery kits direct to businesses and
through our exclusive hospitality portal for those with capital
limitations.
What are the backgrounds and previous achievements of
the founding team?
Lightly is led by CEO and founder Dominique Olowolafe, a former collegiate and
professional volleyball player. She spent the last decade as a costume
supervisor and designer for large scale television and commercial productions
in Hollywood. She is now a new mom, prenatal yoga instructor and fiery
mompreneur with an uncanny ability to create luxurious and delightful
experiences for families.
How have you
addressed diversity and inclusion within your business?
As a BIPOC and female-founded team, diversity and inclusion are embedded in our
identity. It will always remain a priority for Lightly and be reflected amongst
our team, in our products and digital presence.
What's been the most difficult part of founding the
business so far?
Capital. There is a definite funding gap between ideation and seed within the
startup world. Bringing our travel products to market during a global pandemic,
while cash strapped, is no small feat. Along with the astronomical cost in raw
materials due to global supply chain issues.
Generally, travel startups face a fairly tough time
making an impact - so why are you going to be one of lucky ones?
Timing is everything. Also in our favor – the team’s tenacity and our omni-channel
customer acquisition strategy.
A year from now, what state do you think your startup
will be in?
Hypergrowth: We will continue to build out a deep enterprise infrastructure,
use that traction to secure seed funding, develop our own suite of products,
and launch our unique consumer portal.
What is
your end-game? (Going public, acquisition, growing and staying private, etc.)
We view Lightly as a universal, future household name, and global powerhouse
brand. If that means going public in order to accomplish all the things we've
set out to do, that will be the end game.
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