Small Ecommerce Website Investment Opportunity in Lagos, Nigeria
E-commerce platform helping student entrepreneurs build successful businesses and makes students lives easier on campus.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 1.55 thousand |
| Run Rate Sales | USD 2.7 thousand |
| EBITDA Margin | Nil |
| Industries | Ecommerce Websites |
| Locations | Lagos |
| Local Time | 3:07 PM Africa / Lagos |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
56 thousand
for
20.0%
stake
(Native Currency: NGN 90,000,000)
Reason: To improve our technology, stabilize operations and begin active marketing / promotion needed to sca...
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Includes physical assets worth
USD
62
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Business Overview
- We are an E-commerce platform mainly focussing on the betterment of student's life in Nigeria.
- Our platform has more than 50 different categories of products and services listed.
- Some of the products and services listed on our platform are apparel, fashion products, electronic devices, home and kitchen appliances, graphic designing, web development services.
- We currently have over 2,000 registered student entrepreneurs using our platform from 3 universities in Nigeria. These 2,000 entrepreneurs get products from more than 500 trusted wholesalers and distributors and sell them to the customers.
- Student entrepreneurs purchase small and bulk quantity products from our trusted wholesalers and distributors and then list the products on our platform. Student entrepreneurs act as vendors on our platform.
- Our student community currently has over 30,000 members that includes both sellers and buyers.
- Our website averages more than 10,000 monthly new users even though we spend relatively no money on any form of marketing.
- Receiving 5-8 orders per day on average and currently operating only in Nigeria.
- Have tie-ups with multiple courier partners in Nigeria.
- Revenue is commission charged to wholesalers, distributors and student entrepreneurs (vendors)
- Some of our current partners include Global Entrepreneurship Network (GEN) Nigeria, LEAP Africa, 22 on Sloane South Africa. We have also had some major media features like Vanguard, BellaNaija, TechCabal and Fidelity SME Radio Forum to mention a few.
- We are currently ranked among the top 1,000 websites in Nigeria and top 200,000 globally. Our platform is fully functional, user-friendly and securely built using a mobile-first approach.
- In talks with some VCs for our ongoing Series A round and we are also in talks with some of Nigeria's biggest organizations for major partnerships that can help them engage better and constantly promote their offerings to the student community.
- Company is still in its early stage and plans to generate profit from next year.
- We have a hardworking and skilled team that is fully committed to our mission.
- Business owns a website, social media accounts, furniture and computers.
- Our platform has more than 50 different categories of products and services listed.
- Some of the products and services listed on our platform are apparel, fashion products, electronic devices, home and kitchen appliances, graphic designing, web development services.
- We currently have over 2,000 registered student entrepreneurs using our platform from 3 universities in Nigeria. These 2,000 entrepreneurs get products from more than 500 trusted wholesalers and distributors and sell them to the customers.
- Student entrepreneurs purchase small and bulk quantity products from our trusted wholesalers and distributors and then list the products on our platform. Student entrepreneurs act as vendors on our platform.
- Our student community currently has over 30,000 members that includes both sellers and buyers.
- Our website averages more than 10,000 monthly new users even though we spend relatively no money on any form of marketing.
- Receiving 5-8 orders per day on average and currently operating only in Nigeria.
- Have tie-ups with multiple courier partners in Nigeria.
- Revenue is commission charged to wholesalers, distributors and student entrepreneurs (vendors)
- Some of our current partners include Global Entrepreneurship Network (GEN) Nigeria, LEAP Africa, 22 on Sloane South Africa. We have also had some major media features like Vanguard, BellaNaija, TechCabal and Fidelity SME Radio Forum to mention a few.
- We are currently ranked among the top 1,000 websites in Nigeria and top 200,000 globally. Our platform is fully functional, user-friendly and securely built using a mobile-first approach.
- In talks with some VCs for our ongoing Series A round and we are also in talks with some of Nigeria's biggest organizations for major partnerships that can help them engage better and constantly promote their offerings to the student community.
- Company is still in its early stage and plans to generate profit from next year.
- We have a hardworking and skilled team that is fully committed to our mission.
- Business owns a website, social media accounts, furniture and computers.
Products & Services Overview
- E-commerce platform selling products and services such as apparel, fashion products, electronic devices, home and kitchen appliances, graphic designing, web development services.- An E-commerce marketplace where student entrepreneurs get special access to procure different products in bulk from trusted wholesalers and advertise their products or services for free. Entrepreneurs can sell the products to customers on our platform and get all-round support needed for them to thrive.
- All students can get on-demand access to anything they need around campus including products, service and accommodation on our platform.
- Have an online section that provides information on scholarship and internship opportunities, s, entrepreneurial articles.
- An event platform to showcase programs and events on campus aimed at further educating and empowering students with an increased focus on student entrepreneurs.
- A management app used to manage the activities of our campus representatives (Under Development).
Facilities Overview
100 square meters office space in Lagos, Nigeria.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysDirector, Real Estate, London, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounding Partner, Delivery Services, Lagos, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Industrial Machinery, Ho Chi Minh City, Individual Investor / Buyer connected with the Business
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