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

Unique e-commerce platform for alcoholic beverages seeks investment. Soft commitment received from Zerodha founder.
This transaction has concluded.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 10 - 50
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 2.7 million
Run Rate Sales USD 1.5 million
EBITDA Margin 30 %
Industries Liquor Stores + 1 more
Locations  Mumbai
Local Time 5:39 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 900 thousand for 20.0% stake (Native Currency: INR 75,000,000)
Reason: Looking to raise funding for growth, team enhancement and hiring, product development, and strengthe... View More
Includes physical assets worth USD 12 thousand
Documents
Business Overview

- 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.

Products & Services Overview

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

Assets Overview

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

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

Facilities Overview

The company operates from a rented office space in Mumbai.

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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