MeitY Startup Hub onboards MergerDomo to strengthen start-up ecosystem in India
Posted By - Corporate
The company,based out of telengana, is a unified platform for fulfilling all rural needs like products,services & financial inclusion.It is an integrated rural commerce B2B marketplace for both corporates & customers.
Company has over 65 B2B tieups with major brands & corporations to help their customers with multiple product & service offerings.
It has served over 1Mn Customers in 3 states with over 1200 SKUs.
The company has raised funds from prominent Venture Capital funds before and is now looking to raise a Series A round for further expansion.
 Capital Requirement
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INR 63.75 Cr |
| Justification: The company has achieved rapid growth, evidenced by an exponential growth in GMV (Achieving 2020's yearly GMV in just 3 months) with 25% average monthly growth and a 70% active userbase. It is targeting a GMV of 1200Cr for FY22. | |
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Funding Route
Strategic Investor |
Extent Of Dilution
Upto 26 % |
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Share Holding Pattern
Promoter Group 80% Non-Promoter Share Holder 20% |
Reason For Raising Capital
Organic Growth, |
Industry: Financial Services
Sub-Industry: Micro finance
Division
Division`s Buyers/Customers
Division`s Plant Location
Division`s Products/Services
| 2018 (in Cr) | 2019 (in Cr) | 2020 (in Cr) | 2021 (in Cr) | ||
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| Sales | N.D | N.D | N.D | N.D | |
| EBDITA | 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 | |
Information memo
If you are interested in connecting with business please send an Expression of Interest and receive a pitch deck to take this opportunity further.
EXPRESS INTEREST MARK FAVOURITE
