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Mobile App Investment Opportunity in Gurgaon, India

Pre-revenue stage digital online marketplace & mobile app where customers can buy bulk groceries from vendors.
This transaction has concluded.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 60 thousand
EBITDA Margin 18 %
Industries Mobile Apps + 1 more
Locations  Gurgaon
Local Time 11:02 PM America / Chicago
Listed By Management Member
Status Active
Overall Rating
Partial Stake Sale
USD 30 thousand for 15.0% stake (Native Currency: INR 2,500,000)
Reason: To hire more sales resources and for marketing.
Includes physical assets worth USD 1.8 thousand
Interested to connect with advisors
Documents
Business Overview

- Company was established in the month of September 2019 in Gurgaon.

- It's an online marketplace and mobile app where customers can buy bulk groceries from different vendors.

- We just launched a beta version of our app and signed up 5 customers who are basically restaurants in Gurgaon and generated sales of USD 6,000 within two weeks.

- Have more than 10 vendors registered with us.

- We have just introduced the beta version of the app to know how it works. The app has been stopped for a few days to make required modifications.

- Our customers would typically include restaurants, hotels, catering, paying guest, schools and universities.

- Business will acquire more than 100 customers in next 6 months and total expected revenue projected is around USD 3-4 million.

- We monetize our app and website through charging 2.5% commission on each orders from vendors and also through advertising.

- Our website is in the development process and it would go live in next 3 months.

- Also planning to launch our platform in Vancouver and Toronto after 12 months since one of our management member is based in Canada. Both are major cities in Canada with a lot of opportunity. Have few connections in Canada that could help us grow.

- Our assets include software, furniture and office equipment.

Products & Services Overview

Mobile app and online marketplace for customers to buy bulk groceries.

Facilities Overview

Small rented office in Gurgaon.

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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