Online Marketplace Company Investment Opportunity in Chennai, India
Established | 5-10 year(s) |
Employees | 2 - 5 |
Legal Entity | Private Limited Company |
Reported Sales | USD 14 thousand |
Run Rate Sales | USD 70 thousand |
EBITDA Margin | Nil |
Industries | Online Marketplace |
Locations | Chennai |
Local Time | 8:05 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- We are a 'one stop shop' for all household requirements that operates within Chennai.
- Presently we service around 150 households with 100 members who consistently transact on the platform.
- Plan to provide our services to more than 10,000 households within the year.
- We have all household requirements under one roof with supplier integrations from major suppliers like Bigbasket, Apollo and 1 Mg.
- Presently we have around 10 suppliers integrated for groceries, 6 for fruit and vegetables and 3 for medicines.
- Since we integrate multiple suppliers on the platform it reduces the touch points for household purchases by 55%.
- We also have 1 dedicated service manager to cater to all the households which results in faster query resolution with regards to specific products and shops.
- Have handled more than 500 query requests in the last 9 months.
- Aggregation of vendors allows our platform to provide everything the customer requires almost all the time under one roof.
- We aggregate the last mile delivery within Chennai and have a delivery team of 3 people for it.
- Multiple aggregation allows every household to spend less through streamlining and economies of scale.
- We charge a percentage fee to suppliers per transaction which varies. We also plan to have a subscription based model which has not been implemented.
- Currently we still do not have a positive profit margin but we expect to be profit positive once we scale up.
Platform for groceries, fruits & vegetables, meat, pharmacy, lab services, doc on call, medicines. We also plan to introduce financial products like insurance, investments and loans in the future.
Our main asset is the website, platform & customer spend patterns.
We currently work from a shared office space.
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Earlier than 15 daysManager, BPO & Software, Hyderabad, Corporate Investor / Buyer connected with the Business