Warehousing Businesses Seeking Loan in Cuttack

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.

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.