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Mobile App Seeking Loan in Ongole, India

Business delivering grocery items receiving an average of 35 daily orders.
This transaction has concluded.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 14 thousand
EBITDA Margin 25 %
Industries Mobile Apps + 1 more
Locations  Ongole
Local Time 6:16 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 18 thousand for 12.0% annual interest, 5 years (Native Currency: INR 1,500,000)
Reason: For hiring more delivery executives and to begin stocking our own inventory.
Collateral Available: USD 0
Includes physical assets worth USD 120
Documents
Business Overview

- A business providing home delivery of grocery items, fruits and vegetables, based in Ongole, Andhra Pradesh.

- We have partnered with 6 grocery stores, from where we purchase the items and deliver it to the customer.

- We intend to start maintaining our own stock of products in the near future.

- Customers place orders with us through our website or through our mobile app.

- Receive an average of 35 daily orders.

- We have 3 delivery executives who carry out the orders.

- Customers are charged a commission on the total value of order placed.

- Operations began only this year, hence we did not generate any revenue during the previous year.

- Business does not own any large physical assets.

Products & Services Overview

We provide delivery of fruits and vegetables and other grocery items to households.

Facilities Overview

Have a rented office space in Ongole.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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