Online Marketplace Company Investment Opportunity in Kozhikode, India

Pre-revenue stage online marketplace for wedding vendors and wedding clients having 2,000 listed vendors.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
5:08 PM Kozhikode
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 700 thousand for 20.0% stake (Native Currency: INR 50,000,000)
Reason: Funds will be used for advertisements & promotional activities, build a full-fledged sales & marketi... View More
Includes physical assets worth USD 14 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

DIPP recognised startup formed in 2017 by 3 founders out of which two of them have 12+ years of IT experience in various MNCs and one of them is a Marine Engineer by profession.

Launched our online marketplace a year back and have build build a solid network of 2,000 vendors in 14 districts and have on-boarded 1,000 registered users. We are currently in the pre-revenue stage. Users can book services including videography, marriage hall, food caterers, artists, cars and others wedding services.

Our concept is drawing a lot of attention from the wedding vendors all over Kerala and Malayali wedding clients all over the world. We help small-scale local wedding vendors achieve a better online reach and connect them to wedding customers thereby increasing their business manifold.

The platform introduces a unique idea of Requirement Pool, where user requirements will be collected through various means such as requirement form, online chat, WhatsApp, email and will be placed in a centralised repository where the registered vendors will have access to.

The company has 3 revenue streams:

1. Premium listing of vendors – Vendors can subscribe for a premium listing where they can upload unlimited photos & videos, get a backend booking software, get listed as top 10 in their respective categories, and get access to exclusive vendor app.

2. Featured vendors - Vendors can pay a monthly subscription fee to become a Featured Vendor. Featured vendors have all the benefits of premium listing and will have access to requirement pool where all the user requirements will be posted.

3. Commission from vendors - We will tie-up with a few handpicked vendors in each category across the state and help customers procure products from them and we will charge a 10% commission on vendor fees from customers.

Products & Services Overview

A wedding planning platform that simplifies the process of finding the right vendors to make every wedding a hassle-free affair. For a wedding client, it's a one-stop-shop for all the event needs and for wedding vendor it's a right platform to promote their business online and to get quality business leads.

Facilities Overview
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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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