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Online Marketplace Startup Seeking Loan in Rafiganj, India

Business building a premier destination for reliable and secure online auction and bidding seeks investor.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Online Marketplace
Locations  Gurgaon + 1 more
Local Time 4:28 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 28 thousand for 10.0% annual interest, 2 years (Native Currency: INR 2,500,000)
Reason: We need the funding for marketing and expanding the team. We will be able to finance the interest r... View More
Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Bidding and auction platform for all kinds of products and commodities.
- We have full-time team of 7 developers working on the platform.
- The website is launched and functional right now but has not started earning revenue.
- We will earn money through listing fee (from sellers), transaction fee (from all parties), ad revenue, and buyer processing fee. This ensures multiple revenue streams.
- Our business has a certificate of incorporation.
Products & Services Overview
Our platform will offer auction and bidding facilities for:
Property Market: Seamlessly trade homes, business spaces, and manufacturing sites.
Trade Goods: Instantly deal in essential resources and farm-based produce.
Automobiles: sedans, commercial haulers, and two-wheelers.
Premium Assets: Explore exclusive treasures including vintage artifacts, elite collectibles, and upscale merchandise.
Assets Overview
No tangible assets owned by the business.
Intangible assets include the website, domain, source code, and legal entity.
Facilities Overview
Our headquarters and registered address is in Rafiganj, Bihar.
We have also have a rented office in Gurgaon where some team members sit and the other team members including the CEO and founder work remotely.
The founder is based in Europe right now and works remotely.
Capitalization Overview
- We are currently bootstrapping, funding growth through our own resources while focusing on building a strong foundation.
- 2 shareholders in a 90:10 shareholding split.
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor viewed this Business this week. Register below to connect now!
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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