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Grocery Shop Seeking Loan in Bangalore, India

Bangalore-based startup with a revolutionizing B2B e-commerce platform for groceries with 25+ clients.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 1 million
EBITDA Margin 18 %
Industries Ecommerce Websites + 1 more
Locations  Bangalore
Local Time 3:05 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 27 thousand for 11.0% annual interest, 1 year (Native Currency: INR 2,000,000)
Reason: Funds will be utilized for business expansion.
Collateral Available: USD 40 thousand
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
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Business Name
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Documents
Business Overview

- Our business is a B2B one-stop platform for hotels/ restaurants/ retailers.

- We provide high-quality products with an easy credit system to our clients.

- Our 90% of supplies are meat, seafood, vegetables, and fruits from a single vendor.

- We procure the supplies directly through Farmers and eliminate the need for middlemen thus saving a decent margin of a minimum of 20%.

- Since we are not liable to pay any taxes, we started in March 2021 and now our total turnover is around INR 3 crore.

- We are catering our services only to 17 restaurants and 7 retailers to understand the market and evaluate the business potential, customer satisfaction, etc.

Products & Services Overview

Our services include catering of meat, seafood, vegetables, fruits, groceries, dairy, and packaged foods.

Assets Overview

Deep freezers, freezers, groceries, dairy products, and packed foods inventory.

Facilities Overview

Our property is on a renting facility for our storage unit which is 400 sq ft which is a rental of INR 25,000 per month.

Recent Activity
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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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