Newly Established Last Mile Delivery Business Investment Opportunity in Mumbai, India

- The startup has received a soft commitment from the team behind Zerodha.

- Alco-Bev discovery, delivery, and experience platform.

- Deliveries are ongoing in Maharashtra. Recently secured a delivery license for West Bengal as well.

- Company combines the traditional distribution system with direct-to-consumer e-commerce. - 100,000+ app downloads on Google PlayStore.

- Reached 90% area coverage in Mumbai and Thane.

- INR 29 crore of sales in the last 20 months with an average order value of INR 2,100.

- There is a slight dip in sales because of the Covid pandemic.

- Founders: after waiting for a decade, the sibling founders used a perfect window to kickstart their venture in May 2020. They aim to build India’s first experiential full-stack marketplace for Alco-Bev.

- One of the founders is a 2x founder and was successful in bootstrapping his last venture which is currently valued at USD 15 million, with offices in the US, EU, and India.

- The other founder is a seasoned technologist with experience in large-scale system design, product management, and digital transformation.

- They are open for the first fundraising to enhance product capabilities, accelerate growth and expand markets.

- This transaction is being handled by an advisor based in Mumbai.

Home delivery of alcohol, and alcoholic beverages in a direct-to-consumer model.

Laptops, computers, and printers are the tangible assets owned by the company.

Intangible assets include the website, mobile apps, licenses, and business registrations.

The company operates from a rented office space in Mumbai.