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Online Marketplace Company for Sale in Kozhikode, India

Pre-revenue stage online marketplace for wedding vendors and wedding clients having 2,000 listed vendors.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Online Marketplace
Locations  Kozhikode
Local Time 2:16 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 12 thousand (Native Currency: INR 1,000,000)
Reason: Managing Director is moving abroad due to personal reasons. We believe, the business has a great pot... View More
Interested to connect with advisors
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

1. Online marketplace for wedding planners and vendors.

2. Vendor Dashboard (Backend Software for Vendors)

3. Admin Portal.

4. Android Application.

5. iOS Application.

Facilities Overview

A fully air-conditioned rented office of 650 sq ft built-up area in Kozhikode, Kerala which has a 20 member seating capacity.

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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