Newly Established Payment Services Business Seeking Loan in Pune, India
Membership program offering significant discounts on dining for corporate employees and clients, seeks funding.
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 100 thousand |
| Run Rate Sales | USD 300 thousand |
| EBITDA Margin | 40 % |
| Industries | Payment Services |
| Locations | Pune |
| Local Time | 3:59 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
22.5 thousand
for
10.0%
annual interest,
3
years
(Native Currency: INR 2,000,000)
Reason: Seeking funding for further expansion of the business offerings into travel & shopping.
The sought ...
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Collateral Available: USD 0
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Business Name
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Business Overview
- Membership program offering significant savings with flat discounts ranging from 10% to 30% on dining.
- B2B2C approach allows businesses to offer membership cards to their employees, enhancing company benefits while driving customer engagement.
- The business presently serves 6,000 users, with a strategic plan to scale up to 1 million users within the current financial year.
- Members enjoy benefits exceeding 10,000 INR per year across a network of 50+ partnered merchants in Pune.
- Revenue is primarily generated through selling membership cards to corporates, who then distribute them as employee gifts.
- The reason for high growth in sales is because the business has started operations in September of last year.
- The company is setting sights on expanding its offerings in travel and shopping sectors, enhancing value for members.
- The business holds an FSSAI license, ensuring compliance with food safety and standards for offerings related to dining discounts.
- B2B2C approach allows businesses to offer membership cards to their employees, enhancing company benefits while driving customer engagement.
- The business presently serves 6,000 users, with a strategic plan to scale up to 1 million users within the current financial year.
- Members enjoy benefits exceeding 10,000 INR per year across a network of 50+ partnered merchants in Pune.
- Revenue is primarily generated through selling membership cards to corporates, who then distribute them as employee gifts.
- The reason for high growth in sales is because the business has started operations in September of last year.
- The company is setting sights on expanding its offerings in travel and shopping sectors, enhancing value for members.
- The business holds an FSSAI license, ensuring compliance with food safety and standards for offerings related to dining discounts.
Products & Services Overview
This business offers a membership card providing discounts on dining targeting corporate clients. HR heads, admin & purchase departments, and sales teams of different corporates use the card to enhance employee benefits, offering flat discounts ranging from 10% to 30%. The membership program is primarily sold to corporates for employee gifting.
Assets Overview
Business doesn't have any physical assets of significant value as all the office setup and furniture is rented.
Facilities Overview
Operating from a rented office facility of of 2,000 sq. ft. located in central Pune. Rent is INR 25k/month.
Capitalization Overview
Bootstrapped venture using own funds.No current loans / liabilities.
Sole proprietorship business.
Recent Activity
-
Earlier than 15 daysVice President, Investments, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Business Consultancy, Bengaluru, Individual Investor / Buyer connected with the Business
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