A Steady Revenue Startup in Agriculture (Agri-tech) from is looking to raise fund

Posted By - Investment Banker
Posted date - 29/08/2020
CONTACT BUSINESS

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BUSINESS BRIEF

Startup is working in the field of last mile delivery of Groceries at lower prices by using Machine Learning for predicting price movements for next 30 days. They are building industry’s first Price Prediction Engine where they aim to utilize Geo-Data, Satellite Imagery, Weather Data and Market Data to accurately predict the Price Inflations caused by various natural and man made factors. IN FY 20, startup clocked a 50% MoM growth with 4,400 orders in April 2020. Startup works in a 3 Km radius from each delivery center and targets to on board maximum societies in the area. Besides creating economic value, they are also serving social objectives by helping farmers get better margins and prompt payments, providing job opportunities to female delivery executives etc. They raised their first round of funding from 100x.vc. Presently they are looking to raise INR 2 crores for tech development, supply chain and operations. Out of Rs 2 Crs of round - company has received hard commitment of Rs 50 Lacs and soft commitment of Rs 20 Lacs.

Proposal
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Capital Requirement

INR 1.5 Cr

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Funding Status

I do not have any investment commitment

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Industry & Sub-Industry

Agriculture (1)

Agri-tech

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Technology/Product/Service Offering

Machine Learning for predicting price movements

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StartUp Stage

Steady Revenue

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Business Segment Type

B2C

Financial Information
2017 (in Cr) 2018 (in Cr) 2019 (in Cr) 2020 (in Cr)
Sales
N.D N.D INR 0.55 Cr INR 10 Cr
EBITDA
N.D N.D N.D N.D
PAT
N.D N.D N.D N.D
TOTAL DEBT
N.D N.D N.D N.D
Business Documents

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