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Food Delivery Startup Seeking Loan in Rewa, India

Online grocery delivery business seeking business loan to boost working capital in Rewa.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Limited Liability Partnership (LLP)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  Rewa
Local Time 8:03 PM Asia / Kolkata
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 5.8 thousand for 10.0% annual interest, 4 years (Native Currency: INR 500,000)
Reason: Seeking a business loan to meet working capital requirements. We believe that securing the loan wil... View More
Collateral Available: USD 0
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Business Name
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Business Overview
- This mobile app-based business operates in Rewa and is registered in Gwalior, specializing in online grocery delivery services aimed at Tier-2 and Tier-3 cities.
- The company consists of a dedicated team of 3 employees, streamlining operations and ensuring customer satisfaction.
- The primary product offered is an easy-to-use online grocery ordering app, which provides consumers with a convenient shopping experience.
- Customers can browse a wide selection of groceries and have them delivered directly to their doorstep, enhancing accessibility in underserved areas.
- The target customer base includes local residents of Rewa looking for efficient, reliable grocery shopping solutions without the need for physical store visits.
- The business capitalizes on the growing demand for e-commerce and online shopping, especially in smaller urban markets, by offering competitive pricing and timely delivery.
- Revenue is generated through delivery charges, service fees, and potential partnerships with local grocery suppliers, creating a sustainable business model in the food and retail industry.
- Currently, we are generating little to no revenue, so there is no monthly revenue to report. As the business was launched this year, there is no annual revenue data for the previous year.
Products & Services Overview
Groceries will be our best-selling product, primarily purchased by local customers to meet their daily needs.
Assets Overview
Intangible Assets: MSME registration, Startup India recognition, and company incorporation documents.
There are no physical assets owned.
Facilities Overview
The warehouse spans 1,500 sq. ft. with a monthly rent of ₹10,000.
Capitalization Overview
Ownership is split 50-50, with no loans involved; the business is fully funded by the owners.
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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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