Warehousing Company Seeking Loan in Cuttack, India
Technology company that provides an automatic parcel/baggage locking system seeks a business loan.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 9 - 10 thousand |
| Run Rate Sales | USD 120 thousand |
| EBITDA Margin | Nil |
| Industries | Warehousing + 1 more |
| Locations | Cuttack |
| Local Time | 7:15 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
117 thousand
for
9.0%
annual interest,
7
years
(Native Currency: INR 10,000,000)
Reason: Installation of a number of machines across cities.
Collateral Available: USD 0
Includes physical assets worth
USD
35 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
Available after connect
User Verification
Documents
Incorporation Document
(524.2 KB)
ROC-Verification.pdf
(73.7 KB)
Business Overview
- We are a newly established technology company and have developed IoT-based locking & storage system.
- On a monthly basis we can manufacture up to 8 units.
- We are mainly a B2B company with railways, and bus stands as our customers.
- Our machines can be installed in public places which can act as a locker or storage facility for mails, e-commerce parcels, logistics, etc.
- In case of unavailability for picking up any parcel, the user can give the address of one of our lockers.
- Currently, we are acquiring space to install our machines.
- We have three business models. Firstly the sale of lockers. Secondly, a fixed price that we charge for using our storage facility. And lastly revenue from advertisements (since our machines will be placed in public places).
- The company has two directors with an equal stake in the business.
- Business does not have any outstanding loans.
- Since we are a start-up, last year we did not make much revenue. In the current year, we have started selling our lockers. This is the reason for the high growth of our revenue.
- On a monthly basis we can manufacture up to 8 units.
- We are mainly a B2B company with railways, and bus stands as our customers.
- Our machines can be installed in public places which can act as a locker or storage facility for mails, e-commerce parcels, logistics, etc.
- In case of unavailability for picking up any parcel, the user can give the address of one of our lockers.
- Currently, we are acquiring space to install our machines.
- We have three business models. Firstly the sale of lockers. Secondly, a fixed price that we charge for using our storage facility. And lastly revenue from advertisements (since our machines will be placed in public places).
- The company has two directors with an equal stake in the business.
- Business does not have any outstanding loans.
- Since we are a start-up, last year we did not make much revenue. In the current year, we have started selling our lockers. This is the reason for the high growth of our revenue.
Products & Services Overview
The company provides smart locking system solutions, including centralized smart locking systems specifically developed for the convenient electronic locking of logistics, mailing, and storage, laundry, e-commerce applications, etc.To open or close a locker, a user is identified by a biometric system at the central terminal by presenting their credential. The door is automatically opened via a networked electronic signal to the lock and re-locked upon pushing the locker door closed.
The locker has a facility to take payment using cash, coins, and UPI.
Assets Overview
Physical assets include office interiors, furniture, small plant setup, and inventory of lockers, motherboards, etc.
Facilities Overview
We have a facility on a rental basis with an area of 800 sq ft with a single floor used for assembly.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManager, FMCG Retail, Mumbai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
Tags:
Internet of Things Startup Seeking Loan in Cuttack, India
·Home Automation Startup Seeking Loan in Cuttack, India
·Lend to Internet of Things Startup in Cuttack, India
·Cold Storage Startup Seeking Loan in Cuttack, India
·Warehousing Startup Seeking Loan in Cuttack, India
·Lend to Home Automation Startup in Cuttack, India
·Lend to Cold Storage Startup in Cuttack, India
·Lend to Warehousing Startup in Cuttack, India
·IoT Startup Seeking Loan in Cuttack, India
·Internet of Things Startup Seeking Loan
·Lend to IoT Startup in Cuttack, India
·Home Automation Startup Seeking Loan
·Lend to Internet of Things Startup
·Cold Storage Startup Seeking Loan
·Warehousing Startup Seeking Loan
·Lend to Home Automation Startup
·Lend to Cold Storage Startup
·Lend to Warehousing Startup
·IoT Startup Seeking Loan
·Lend to IoT Startup
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