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Convenience Store Seeking Loan in Vasai, India

Hybrid grocery delivery business with e-commerce and physical store, aiming to serve Tier-2 & Tier-3.

Established 0-1 year(s)
Employees < 2
Legal Entity Limited Liability Partnership (LLP)
Reported Sales Nil
Run Rate Sales USD 9.3 thousand
EBITDA Margin 10 - 20 %
Industries Mobile Apps + 1 more
Locations  Vasai
Local Time 9:22 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 17.3 thousand for 10.0% annual interest, 5 years (Native Currency: INR 1,560,000)
Reason: We have built an e-commerce marketplace now, we need funds for physical store set-up, marketing and ... View More
Collateral Available: USD 33 thousand
Name, Phone, Email
Available after connect
Business Name
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User Verification
Business Overview
- Hybrid grocery delivery business combining e-commerce and offline store, targeting Tier-2 and Tier-3 demographics in Vasai.
- Offers a variety of products, including farm-fresh vegetables, fruits, essential groceries, and locally made items sourced directly from farmers and local shopkeepers.
- Aims to connect local farmers and vendors with rural customers, reducing dependency on distant markets and crowded retail environments.
- Revenue generation is through multiple streams, including sales commissions, delivery charges, and partnerships with local shops.
- Focuses on convenience for households and small businesses, fostering a reliable platform for easy ordering and prompt delivery of essential goods.
- Built strong relationships with local food vendors and farmers to facilitate easy listing and marketing of products on the platform.
- Plans to expand with franchise outlets to enhance last-mile delivery, improving overall service efficiency.
- Initial market testing generated impressive sales of INR 70K within a short period, demonstrating demand for the service.
- Business has registration certificate.
Products & Services Overview
Our top-selling products include farm-fresh vegetables, fruits, essential groceries from local shops, and locally made products. These items are used by households, small businesses, and daily consumers across rural and semi-urban areas for their everyday needs. Customers purchase these products through our platform for convenient ordering, reliable delivery, and access to fresh, affordable, locally sourced items, which reduces their dependency on distant markets and crowded retail stores.
Assets Overview
Mobile application and website as well as vendor application, are our main assets.
Facilities Overview
Currently operating from 1 rental shop with 200 sf. ft. which works as an offline store and also as an office.
Capitalization Overview
Bootstrapped business started with own fund of INR 7 lakh.
Have 2 partners who are husband and wife.
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2 Investors viewed this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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