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Newly Established Supermarket Seeking Loan in Hyderabad, India

Starting a chain of supermarkets and medical stores with gift, meal card and voucher services.
This transaction has concluded.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Pharmacies + 1 more
Locations  Hyderabad
Local Time 11:23 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 800 thousand for 10.0% annual interest, 2 years (Native Currency: INR 65,000,000)
Reason: Require funding to setup an office and store as well as to show deposits for RBI permission.
Collateral Available: USD 0
Business Overview

- We are planning to start a chain of supermarkets with attached medical stores that will have its own gift and meal cards.

- We plan to approach corporate entities to buy our cards which can be given to their employees to use at our stores.

- Currently in the process of applying for RBI permission and in talks with SBI to issue these prepaid cards.

- Customers can use these cards at our store or online for home delivery on orders above INR 2,500.

- In the process of setting up 1 of these supermarkets in Hyderabad.

- Plan to set up 20 of these supermarkets per city using a franchise model.

- We are also acquiring license for medical distribution which will be done within 20 days.

Products & Services Overview

Supermarket chain with an attached medical store having its own meal and gift cards.

Facilities Overview

In the process of finalising a site.

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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