Small Industrial Machinery Wholesale Company Investment Opportunity in Kolhapur, India
In-house developed online platform for surplus industrial inventory with lifetime GMV of INR 3.5 crore.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 23 thousand |
| Run Rate Sales | USD 27.7 thousand |
| EBITDA Margin | Nil |
| Industries | Industrial Machinery Wholesale + 1 more |
| Locations | Kolhapur |
| Local Time | 8:19 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
58 thousand
for
7.0%
stake
(Native Currency: INR 5,000,000)
Reason: This funding will help us move our corporate headquarters from Kolhapur to Pune.
In the last round ...
View More
Includes physical assets worth
USD
5.8 thousand
Interested to connect with advisors
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Business Name
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Documents
ROC-Verification.pdf
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Business Overview
- Online platform that offers a marketplace for the buying and selling of surplus inventory.
- The platform has 5,000+ registered users.
- Sellers consist of big corporates and MNCs like Siemens, Blue Star, and Mahindra. We got these through networking and online lead generation.
- Buyers consist of retailers and distributors from across India.
- Buyers bid on the product and the winner gets the surplus inventory.
- We charge 10%-30% commission on each sale.
- Minimum order size for a buyer should be INR 50,000 while the average order value stands at INR 3 lakh.
- Transactions are done through bank transfer, we keep the money in escrow and then transfer it to the seller after deducting the commission. This process ensures that we never miss our commission.
- We started developing the platform four years ago and last 2 years we started generating revenue.
- Lifetime GMV stands at INR 3.5 crore and last year's GMV was INR 2 crore.
- Our platform is 100% in-house developed.
- We require a team of at least 8 employees to scale and grow the business.
- The business has a certificate of incorporation and is GST registered.
- The platform has 5,000+ registered users.
- Sellers consist of big corporates and MNCs like Siemens, Blue Star, and Mahindra. We got these through networking and online lead generation.
- Buyers consist of retailers and distributors from across India.
- Buyers bid on the product and the winner gets the surplus inventory.
- We charge 10%-30% commission on each sale.
- Minimum order size for a buyer should be INR 50,000 while the average order value stands at INR 3 lakh.
- Transactions are done through bank transfer, we keep the money in escrow and then transfer it to the seller after deducting the commission. This process ensures that we never miss our commission.
- We started developing the platform four years ago and last 2 years we started generating revenue.
- Lifetime GMV stands at INR 3.5 crore and last year's GMV was INR 2 crore.
- Our platform is 100% in-house developed.
- We require a team of at least 8 employees to scale and grow the business.
- The business has a certificate of incorporation and is GST registered.
Products & Services Overview
We provide a platform for the buying and selling of surplus inventory of corporates and manufacturers. Most of the products are industrial products and tech hardware.The buyers of these products competitively bid for the products. These buyers are industrial traders, distributors, and exporters.
We do a basic inspection of all the products and take care of the delivery for some of the products being sold on our platform.
Assets Overview
Tangible assets include 20+ computers, and office furniture.Intangible assets include the website source code and domain.
Facilities Overview
We work from a rented office space in Kolhapur, support team of 4 members and owners work from here. We also have a rented office in Mumbai from our 2 member sales & marketing team works. We also recently got space in an incubation center in the auto cluster in Pimpri-Chinchwad from where 2 developers work and soon our Kolhapur operations will be moved to this incubation center. This is so that the business can reap the benefits of a metro city.
Capitalization Overview
- The company has 3 directors and they are funding the business themselves.- There are no bank loans in the name of the business.
Recent Activity
-
Earlier than 15 daysVP, Market Research, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCOO, Retail Tech, Mumbai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysPartner, Interior Furnishing, Kolkata, Corporate Investor / Buyer connected with the Business
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