Laundry Business Seeking Loan in Bangalore, India
An emerging online platform providing laundry services specially to 100+ bachelors and students.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 21.6 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Mobile Apps + 1 more |
| Locations | Bengaluru |
| Local Time | 8:58 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
7.4 thousand
for
15.0%
annual interest,
2
years
(Native Currency: INR 700,000)
Reason: Need to expand the business to the other corners of the city. Not looking to dilute the ownership.
Collateral Available: USD 4.2 thousand
Includes physical assets worth
USD
4.2 thousand
Interested to connect with advisors
Documents
Certificate Of Incorporation
(524.4 KB)
TAN Certificate
(107.9 KB)
Company PAN
(614.2 KB)
ROC-Verification.pdf
(66.4 KB)
Business Overview
> An online application that provides laundry services with pick up and drop.
> Primary clients are students from Deeksha college and bachelors near Yelahanka, Bangalore, India.
> Currently tied up with 17 laundry service vendors across Bangalore, but operations are currently limited to Hebbal area.
> 100+ active subscriptions, with a subscription amount of INR 699 per month.
> 7 employees: 2 ground staff and 5 technical employees, required for pick up and drop and management of the app.
> Recognized by Startup India.
> Primary clients are students from Deeksha college and bachelors near Yelahanka, Bangalore, India.
> Currently tied up with 17 laundry service vendors across Bangalore, but operations are currently limited to Hebbal area.
> 100+ active subscriptions, with a subscription amount of INR 699 per month.
> 7 employees: 2 ground staff and 5 technical employees, required for pick up and drop and management of the app.
> Recognized by Startup India.
Products & Services Overview
Cleaning services, laundry & dry cleaning services.
Assets Overview
Furnitures, software, laptop, printers, vehicle & computers, equipments, etc.
Facilities Overview
Have a rented office space for more than 8 employee, and the rent is low as it is located in a remote region in Yelahanka.
Capitalization Overview
> The company is a private limited currently bootstrapped.> It has no debts or liabilities.
> Right now we have 2 shareholder.
Tags:
Coin Laundry Business Seeking Loan in Bangalore, India
·Dry Cleaning Business Seeking Loan in Bangalore, India
·Laundry Business Seeking Loan in Bangalore, India
·Lend to Coin Laundry Business in Bangalore, India
·Lend to Dry Cleaning Business in Bangalore, India
·Coin Laundry Business Seeking Loan in Bengaluru
·Dry Cleaning Business Seeking Loan in Bengaluru
·Dry Cleaner Seeking Loan in Bangalore, India
·Lend to Laundry Business in Bangalore, India
·Laundromat Seeking Loan in Bangalore, India
·Mobile App Seeking Loan in Bangalore, India
·Laundry Business Seeking Loan in Bengaluru
·Phone App Seeking Loan in Bangalore, India
·Lend to Coin Laundry Business in Bengaluru
·Lend to Dry Cleaning Business in Bengaluru
·Lend to Dry Cleaner in Bangalore, India
·Lend to Laundromat in Bangalore, India
·Lend to Mobile App in Bangalore, India
·Dry Cleaner Seeking Loan in Bengaluru
·Lend to Laundry Business in Bengaluru
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
