A Early Revenue Hyperlocal and Marketplace Startup in IT Services (E-Commerce) and Logistics (Road Transport) from India is looking to raise funds

Posted By - Startup

BUSINESS BRIEF

We are a Consumer Tech Company, secializes in providing on-demand services starting from Delivery, Home services, Transit, Ticketing and others services require in daily life backed by franchisee operated 24*7 Convenience Store chains of Mini Store format. We are already profitable in FY 2019-20 with over 1000 unique customers, served 2000+ orders. We have a lean staff strength of 8 people currently and have generated gross revenue of over INR 22 Lakhs in last four months since inception and made a net revenue of over Rs. 6.5L We have a growth trajectory of over 40x YoY in revenue and 150x YoY in profit . 72% of our customers are recurring customers having a LTV of over Rs. 25000. Our cost per conversion of Rs. 35 for the net revenue of Rs. 150 will be brought down to Rs. 10-12 using customer loyalty program in one platform for multi services. We are having 15% net profit which will be increased to 18% within next 2 years.

We see massive opportunity in digitising micro and small entrepreneurs (mom&pop shop market ) globally and we intend to help our partners by not only giving them a selling platform but also helping them with technology, capital, help with procurement. The proof of concept is already in place with over 100 partners. To pursue the rapid growth in other metro cities in India we are looking to raise Rs. 3 Crore which will help us to generate over Rs. 35 crore revenue by coming year.

Founded Year:2020

Proposal

Funding Requirement

INR 30 Mn

Funding Status

I do not have any investment commitment

Industry IconHorizontal Industry

Hyperlocal, Marketplace

Industry IconIndustry & Sub-Industry

Industry IconTechnology/Product/Service Offering

On demand delivery & services

StartUp Stage

Early Revenue

Business Segment Type

B2B2C

End use of fund (in %)

Technology Information

Product/Service Offering

On demand delivery & services

Is your Technology Patented No
How will you leverage technology in your business? Enabling small and micro entrepreneurs to sell online, procure inventory, logistics and working capital support via our technology platform which will give unlimited income opportunity for sellers & individuals. In other hand we are offering a wide range of ondemand services to end customers with few clicks from our app. Which will Saves time & money to go & buy or commute, ease of selecting the provider by verifying reviews & ratings.

Financial Information

2017 (in INR) 2018 (in INR) 2019 (in INR) 2020 (in INR)
Sales 0 Mn 0 Mn 0 Mn 8 Mn
EBDITA N.D N.D N.D
PAT N.D N.D N.D
TANGIBLE NET WORTH N.D N.D N.D N.D
LONG TERM DEBT N.D N.D N.D
TOTAL DEBT N.D N.D N.D

Business Document

Business Document

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