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Jewelry Store Investment Opportunity in Vadodara, India

E-commerce Platform for pan India jewellers that gives up to 50% discount on jewellery price.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Jewelry Stores + 1 more
Locations  Vadodara
Local Time 8:57 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Investment
USD 260 thousand for 20.0% stake (Native Currency: INR 20,000,000)
Reason: Seeking funds to hire a professional team, acquire jewelers and to upgrade and promote the website.
Includes physical assets worth USD 13 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview

- We are a startup that is currently developing an online marketplace for the sale of jewelry through both B2B and B2C channels.

- We are in the development phase. We have developed a beta version of the website and android app. We expect to launch the website by next month.

- In talks with around 200 to 250 jewelers who have shown interest in joining the platform once it is operational.

- We would charge jewelers around INR 6,000 per month to list on our website.

- Our USP would be offering a discount on jewelry of up-to 50% once a month. The cost for this discount would be borne by us through funds collected for listing on our website.

- Promoter is an IT engineer and comes from a family with decades of experience and connections in the jewelry field.

- Company's physical assets include furniture, workstations, office equipment and Rs. 10 lakhs bank balance.

Products & Services Overview

Sale of jewelry online including gold, silver, diamond and other varieties.

Facilities Overview

Rented office of 600 Sq Ft on the 3rd floor. Rent is INR 20,000 a month.

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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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