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Grocery Shop Seeking Loan in Trichy, India

Seeking Business Loan: Upcoming startup offers multiple food products through its website & mobile application.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity General Partnership
Reported Sales USD 600
Run Rate Sales USD 700
EBITDA Margin 20 %
Industries Mobile Apps + 1 more
Locations  Trichy
Local Time 6:30 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 6 thousand for 10.0% annual interest, 2 years (Native Currency: INR 500,000)
Reason: The proceeds from the business loan will be used for: - Funding working capital requirements. - Ma... View More
Collateral Available: USD 0
Includes physical assets worth USD 2.4 thousand
Interested to connect with advisors
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Business Overview

- Our business sells high quality vegetables, fruits, grocery items, and bakery products through our proprietary platforms.

- We undertake orders only through our website & mobile application. Our app is available on Google Play Store for Android users. The iOS version is under development.

- We receive & fulfil anywhere between 8 to 10 orders every month. Majority of the orders are received through the mobile app.

- We have a network of 15 to 20 suppliers. Once, we receive an order, we purchase the products from our suppliers and bring them back to our facility. The products are then packaged & delivered by our team to the client's doorstep.

- Currently, the scope of operations is limited across Trichy, Tamil Nadu only. Our team of 5 facilitate all the operations in the business such as purchasing products from the suppliers, deliveries, packaging, etc.

- Our company is entirely debt-free with no outstanding business loans, overdue, or defaults.

- The company has 2 directors and each has a 50 percent ownership in the company. There are no outside investors or shareholders.

- The business is extremely valuable due to the enormous growth potential in the industry. The valuation is based on our own estimate.

Products & Services Overview

We sell the following food products through our website & mobile application:

- Fresh & organic vegetables: lettuce, banana stem, green mango, fresh mint, yellow & red capsicum, onions, baby potatoes, gooseberry, little gourd, etc.

- Fresh & organic fruits: Finger banana, tender coconut, royal apple, red & white pomegranate, pineapple, etc.

- Gram & dhal: toor dhal, bengal gram, white chickpeas, white peas, corn, etc.

- Cakes, pastries, and breads: jam rolls, white bread, cream rolls, plum cakes, chocolate cakes, etc.

Assets Overview

- Physical assets include: desktop, laptop, and furniture.

- Intangible assets include: source code of the website & mobile application along with the database of customers & suppliers.

Facilities Overview

The business runs operations from a rented facility spread across 500 sq. ft. in Trichy, Tamil Nadu. The facility is used as a warehouse for packaging & storage along with an office space.

Capitalization Overview
Not Disclosed
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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