Hyderabad Based Specialty Products E-Commerce Platform Looking for Investment
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This E-commerce site is a Marketplace with 260+ registered Vendors & 12,000 products listed. Started in June 2017 under a registered entity of Pvt.Ltd co. They have Export license also. This site is based on the concept of selling regional specialty products of India by indigenous sellers. Currently sellers from 16 states of India are registered on this website. The product line includes Food & Delicacies, Ethnic wear, Herbs & Spices, Art & Crafts, Paintings etc. Have customers from India & abroad.
Unique customers transacting on the platform till date are 1300. Daily active visitors on the platform are 100. They receive 50-55 orders per month.
Team strength: 4
In FY 2017-18, the GMV (the value of transactions done on the platform) was around INR 4.3 lakhs.
Expected GMV in 2018-19: INR 6.5 - 7 lakhs.
They are looking for Equity Investment of INR 60 lakhs. Equity stake between 25% - 30%.
Reason
Since this concept is too big for us to handle financially, To scale up business to next level we are looking for funding on equity share. Funds will be used for promotion, marketing, website upgradation, vendor's on-boarding.
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₹10 to ₹200 Cr
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