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Online Marketplace Company Investment Opportunity in Chennai, India

Online one stop platform for all household requirements with multiple supplier integrations.

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
Overall Rating
Partial Stake Sale
USD 180 thousand for 25.0% stake (Native Currency: INR 15,000,000)
Reason: Require funds to scale up the money and spend on marketing. We plan to provide our services to 10,00... View More
Interested to connect with advisors
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Business Name
Not disclosed
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Business Overview

- 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.

Products & Services Overview

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.

Assets Overview

Our main asset is the website, platform & customer spend patterns.

Facilities Overview

We currently work from a shared office space.

Capitalization Overview
Not Disclosed
Recent Activity
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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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