Online Marketplace Company Investment Opportunity in Bangalore, India
- We run an online Hyperlocal Digital platform which allows users to order from retail stores, restaurants and any other form of establishment and get the items home delivered.
- Our vision is to digitize the business in every location across India irrespective of the business sector.
- Currently we are in 5 locations in Karnataka and Hyderabad.
- We have on boarded over 2,000 retailers and have over 20,000 consumers across these 5 locations.
- On a daily basis we have 15 transactions happening in each of our location.
- We also help set up a digital billing system for online businesses and a Digital POS system for offline businesses.
- Our business has tied up with 1 third party provider of POS systems.
- We charge a commission on every transaction that happens, either online or offline with the businesses that we have set up these systems.
- There are opportunities for businesses to advertise on our platform, for which we charge advertising fees.
- There is also an annual maintenance fees that businesses using the POS systems and online billing systems have to pay.
- We have developed a new solution for restaurants and hotels, where instead of a waiter coming and giving customers a menu and waiting for them to order, there are bar codes next to each item on the menu. The user has to scan the bar code and the food will be prepared accordingly.
- This new product is complete, but has not been launched yet.
- The business was established in 2015 but has only started generating revenue since the past 7 months.
Digital Advertisement, Digital Shopping Experience, Digital Billing System, Digital ePOS solution.
Earlier than 15 daysManaging Partner, Marketing Strategy & Consulting, Business Consulting, Bangalore, Individual Investor / Buyer connected with this business
Earlier than 15 daysArchitect, Industrial Engineering, Indiana, Individual Investor / Buyer connected with this business