E Commerce Platform Raising Funds In Chennai
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Product / Service
The business is a wholesale and retail e-commerce platform that primarily deals with a wide range of products, including clothing, shoes and slippers, handloom products, electronics, and various multi-category items.
The platform's business model operates on a sales percentage, where the margin is derived from a percentage of each sale made.
Clientele type
The e-commerce site caters to both B2B and B2C markets, offering a wide range of products such as clothing, shoes and slippers, electronics, and various multi-category items. Business owners can register on the platform and list their products for sale, enabling them to reach a broader customer base.
Premises
LEASED
Lease per month (in INR): 10.00 K
Security Deposit (in INR): 1.00 L
Carpet Area: 1,200 sq ft
Asking Price Includes
The deal will include a 30% share, along with directorship in the company.
Asking Price
INR 15.00 L
Minimum ticket size
INR 10.00 L
Reason
The founders are raising funds to expand the business pan India and globally, enhance the platform, and scale operations for future growth.
Other Details
About the company:
It's a wholesale and retail e-commerce platform allows businesses to register, list products, and sell to both B2B and B2C customers. The platform earns a commission on each sale, facilitating secure transactions, shipping, and customer support.
Business Strengths:
Cost Advantage: Selling retail products at wholesale prices gives your customers significant savings, attracting both individual buyers and small businesses.
Market Gap: The lack of an efficient wholesale supply chain in India creates a strong demand for your platform, making it an ideal time to capture market share.
Convenience: E-commerce offers easy access to a wide range of products, making it convenient for customers across India, especially small retailers and resellers, to purchase at competitive prices.
Scalability: With the rise in digital adoption and growing e-commerce penetration in India, your platform can expand rapidly to reach more regions and demographics.
Future Scope:
Expansion of Product Categories: As you grow, adding diverse product categories will attract more customers, including B2B and B2C clients.
Supply Chain Improvements: With the evolving supply chain and logistics infrastructure in India, there is a significant opportunity to further streamline operations and reduce costs.
Technology Integration: Investing in AI-driven demand forecasting, inventory management, and personalized recommendations could further enhance customer experience and operational efficiency.
International Expansion: With India's position as a global sourcing hub, you can also explore exporting products to international markets, expanding your customer base beyond India.
Partnerships and Collaborations: Forming partnerships with local and international manufacturers could increase your product offerings and provide better margins.
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₹10 to ₹200 Cr
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