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Online Marketplace Startup Investment Opportunity in Mumbai, India

E-commerce platform with an algorithmic product recommendation engine seeking capital to expand commercial operations.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 240
EBITDA Margin 15 %
Industries Ecommerce Websites + 1 more
Locations  Mumbai
Local Time 4:12 AM Mumbai
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 270 thousand for 10.0% stake (Native Currency: INR 20,000,000)
Reason: The funds will be used to hire employees including 5 technical staff, to develop the Android and iOS... View More
Includes physical assets worth USD 2 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
Business Overview

- Have validated an innovative early stage e-commerce prototype with a proprietary algorithmic product recommendation mechanism.

- Our algorithms ensure the best product customer fit and prioritizes suppliers based on their credibility and reliability.

- Marketplace that lists & sells products from 40+ categories including apparel, healthcare products and home and decor etc.

- Spearheaded by a well-experienced promoter team that includes an IIM Kozikhode alumni with over 18 years of professional experience augmented by NIT Rourkela Alumni with 20+ years of professional experience.

- After we receive an investment, the business operations will be spun off to a new legal entity.

- Currently bootstrapped and runs on zero inventory model.

- Have 3,500+ products published on the website.

- Have conducted a market validation exercise with very promising results.

- Very Early Stage prototype launched 2 months back and we also intend to develop a mobile application post-investment.

- Revenue model: We intend to charge a 3%-15% commission from the sellers on the transaction value.

- We have received 100+ customer registrations to date. Have already started generating a little bit of revenue however it is very minimal.

- Primarily marketing the platform through Facebook and Instagram and paid campaigns.

- In the trial phase, we have already enlisted 50+ manufacturers and distributors using third party services.

- Currently using third party logistic services to deliver the products to customers.

- Intend to tie-up with logistics companies post-investment.

- Post investment phase, we will partner with manufacturers and distributors.

- The Mobile App will be launched for public use within 4 months of securing the investment.

- Intend to operate under a B2C and B2B e-commerce space.

- The Early Prototype has been launched in-house so far and we intend to hire a technical team in the near future to complete the development of the final App platform.

Products & Services Overview

E-commerce platform with an algorithmic product recommendation engine.

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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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