Hi-Tech Park resident is developing a platform to optimize business processes in the food service industry
Libertango, a Hi-Tech Park resident, has developed the Loveresta digital platform, designed to optimize product sales processes in the food service industry.
How it works
Loveresta functions as an intelligent link between food service establishments and consumers, operating in real time. The platform uses dynamic pricing and demand forecasting algorithms, allowing to automate the sale of surplus freshly prepared products that would otherwise be discarded. Mobile app users get access to a feed of offers based on geolocation and time intervals. The technical process is designed to minimize the time from formulating an offer by a business to the receipt of the product by a consumer.
The project is based on an integrated approach: the team is developing not only the user interface but also backend solutions that enable the integration of businesses with varying levels of digitalization. Development plans include the implementation of predictive analytics to more accurately forecast unsold product volumes, which will improve the efficiency of partner planning.
From Idea to Tech Business with Hi-Tech Park
As the project developed, the Hi-Tech Park legal framework allowed the Libertango team to focus on preparing for investment. In this regard, the HTP ecosystem tools for tech entrepreneurs, such as the incubation system and the Venture Academy, played a significant role. These programs, initiated by the Park, help startups structure their product development, develop metrics, and prepare their business models for investor engagement.
According to the founder of the company Andrey Babakayev, the opportunity to participate in these initiatives was a key milestone in the project development: "Participation in the incubation system and the venture academy transformed the idea into a viable technology business. This provided us not only with tools and metrics, but also with a strategic vision: we learned not just to create a product, but to build a company that is attractive to investment and ready for international scaling. Communication with investors has become more confident, and attracting investment - more systematic thanks to our own networking."
Current Stage and Development Plans
The platform is currently integrated with 20 food service establishments in Minsk. The technical metrics of the service demonstrate that its algorithms generate price offers with an average savings of up to 70% of the original price.
The project team continues to refine the software interfaces to ensure scalability. Adapting the platform for integration with retail chains is among the tasks. It requires more complex algorithms for processing product matrices and improving the performance of the system.
