Machine Spare Parts E-Com Platform Seeking Investment
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This Private Limited business is operational since 2016. They aim to redefine the supply chain of machine spare parts in India to start with. This online platform provides 50,000 machine spare parts used across several industries including Textiles & Non-woven, Plastics and Packaging, Tools & Hardware, Electrical & Automation.
Over the last three years, they have worked with manufacturing sector in India and support them through quick, easy and cost effective delivery of machine spare parts in a transparent manner. Their model is an online marketplace where suppliers list their spare parts online and buyer buys it, making payment through online payment gateways and wallets. They offer them free logistics and doorstep delivery across India.
- Their focus is to eliminate non value added components from machine spare parts supply chain and make parts available from manufacturers distributors directly to factory.
- They work with SMEs and MSMEs to help them reduce their cost of procurement of spare parts and bring in transparency and quick availability of spare parts.
- They integrate existing network of conventional Industrial Retail shops into the network and work with them.
- They offer many imported machine spare parts which are NOT available and factories find it very difficult to procure and manage. In India according to an estimate, around 55% - 60% of machines are imported.
Clientele type
- Their focus is to eliminate non value added components from machine spare parts supply chain and make parts available from manufacturers distributors directly to factory.
- They work with SMEs and MSMEs to help them reduce their cost of procurement of spare parts and bring in transparency and quick availability of spare parts.
- They integrate existing network of conventional Industrial Retail shops into the network and work with them.
Premises
Leased in ahd
Asking Price Includes
Equity Share
Reason
They are seeking funds to expand and scale up the operation. Their concept is proven and already have strong customers base.
Other Details
In FY 2017-18, the GMV (the value of transactions done on the platform) was around INR 2 Cr and in the year 2021-22 it is 23+Cr..
They are looking for Investment to scape up the operations and take it to the next level.
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₹10 to ₹200 Cr
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