Ecommerce & Retail Business Raising Funds In Trivandrum

Listing ID: SL017490
Posted By: Owner
Last Active: 1 month ago
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Product / Service

It is an ecommerce store that has 2 experience center as well. They sell, handlooms, handicrafts, arts, spices, and organic food.

Clientele type

They have 2000+ online customers. We focus on the tier 1 & tier 2 cities urban population who wants to buy traditional and village products.

Premises

They have two retail stores in Banglaore and Thrissur. Both are leased.

Asking Price Includes

The terms of transaction will be discussed with potential investors.

Asking Price

INR 50.00 Lac

Minimum ticket size

INR 5,000,000 (INR 50.00 Lac)

Reason

The promoters are looking to raise funds for further expansion of the business.

Other Details

It is a one-stop-shop for all Kerala traditional products. The platform aims at providing a hassle-free and enjoyable shopping experience to shoppers across the country with the widest range of handlooms, handicrafts, arts, organics & spices from Kerala.
They have a total of 2000 customers on their platform. The business has a growth rate of 40%.
The business has 3 promoters in the business where Promoter 1 has 18+ years of IT and retail domain experience, Promoter 2 has 16+ years of experience in retail business administration and operations in India and UAE, and Promoter 3 has 7+ years of experience in Business Accounting and Finance.
They receive 60% of their revenue from online channels and 40% revenue from the offline channels.
They receive 120-200 orders per month.
The platform has 47 sellers with selling more than 2300 active items.
The brand is making a conscious effort to bring the power of Kerala's authentic products to shoppers with an array of the latest and trendiest products available.
The business was started with a retail store at Thrissur exclusively for Kerala handlooms in 2015. They launched the e-commerce website in 2016.

Keywords

₹10 to ₹200 Cr

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