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Spices Startup Seeking Loan in Kunnamangalam, India

Spice retail and e-commerce business seeking funding to meet rising demand and boost sales.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 16.8 thousand
EBITDA Margin 20 %
Industries Ecommerce Websites + 1 more
Locations  Kunnamangalam
Local Time 9:51 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 3.5 thousand for 10.0% annual interest, 1 year (Native Currency: INR 300,000)
Reason: We are currently experiencing high demand for our products, but have been unable to meet this demand... View More
Collateral Available: USD 0
Includes physical assets worth USD 3.5 thousand
Interested to connect with advisors
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Business Name
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Documents
Business Overview
- Our business focuses on high-demand food products such as honey, Belona ghee, cardamom, pepper, and coffee, catering to a diverse consumer base through both physical retail and a robust online platform.
- Strategically located in Kunnamangalam, the company leverages local resources, optimizing supply chain efficiency within the e-commerce spices industry.
- On average, our retail store attracts 10 to 12 customer walk-ins daily, while our e-commerce website processes 20 to 26 orders per day, showcasing a strong online engagement.
- With a rapidly growing customer base of 300 to 800 active users on our e-commerce platform, our reach in the digital spices market continues to expand.
- Our business is fully certified, holding all necessary registrations, including FSSAI, MSME, and GST, ensuring compliance with industry standards and strengthening consumer trust.
- The dual-channel strategy, engaging both retail and online consumers, enables us to maximize market penetration and capitalize on the evolving e-commerce food products landscape.
- With only two employees, the business showcases a streamlined operational model that effectively manages retail store operations and e-commerce sales, supported by efficient online marketing strategies.
Products & Services Overview
Our top-selling products include honey, Belona ghee, cardamom, pepper, and coffee, which are sold through both our retail store and online platform.
A significant portion of our sales is generated through our e-commerce website.
Assets Overview
Tangible assets:
- The inventory and all store fixtures and fittings.
Intangible asset: e-commerce website.
Facilities Overview
We operate from a rented store located in a prime locality within a busy shopping complex that experiences high footfall.
Capitalization Overview
No loans or debt.
Sole proprietorship firm.
Recent Activity
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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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