Luxury Furnishing Startup Investment Opportunity in Gurgaon, India
|Employees||5 - 10|
|Run Rate Sales||USD 16 thousand|
|EBITDA Margin||30 - 40 %|
|Industries||Luxury Furnishing + 1 more|
|Local Time||9:02 PM Asia / Kolkata|
|Listed By||Business Owner / Director|
- We design and sell luxury sleep solutions like mattresses, pillows, etc.
- We follow a D2C business model.
- We have been incubated at IIT Kanpur, NASSCOM (Gurugram), Kazan OIC Forum (Russia), and we are reinventing the sleep solutions market by building smart mattresses (where end user can track health vitals or even change temperature)
- We have a capex light model where we focus on intellectual property and brand equity and outsource manufacturing.
- Founder was felicitated by IIT and IIM Indore in 30 Under 30 and has 7+ years of experience in the startup ecosystem being associated with UN, Microsoft, ADB, Mamaearth, and Zee Labs. In his last role, he was the Chief Growth Officer of Zee Labs ($100 Million Pharma Group)
- The startup was launched at the beginning of this year and so far had a pilot of 2 months with USD 3,000 in sales.
- The current model is capex light where we develop technology, design, and brand and have manufacturers which manufacture according to our guidelines and QA. They even hold inventory for us.
- The business is in the process of being incorporated as a private limited entity.
1) Orthopaedic mattress - 3 layered mattresses with 200 days trial and 15 years warranty.
2) Normal and contour-shaped memory foam Pillows with 100 days of trial and 1 year of warranty.
3) Mattress protector.
Smart mattress to be launched in 6 months.
1) Smart mattress - Mattress with sensors and temperature control to measure stress, blood pressure, restlessness, SPO2, and even control the temperature according to one's requirement.
Foam-based products are to be launched next month -
1) Coxcy seat.
2) Lumbar support.
4) Neck pillow.
The physical assets include the inventory of the business. The intangible assets include the website, IP associated with smart mattress, trademark, and existing relationships with manufacturers, logistics, and other partners.
The business does not have any facilities. The manufacturing and warehousing are done by a third party.
3 days, 20 hours agoDirector, IT, Hyderabad, Corporate Investor / Buyer connected with the Business
Earlier than 15 daysDirector, Food & Beverage, Jaipur, Individual Investor / Buyer connected with the Business