10-Min Delivery Startup Raising Seed Funding In Hyderabad
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Saudi Arabia's Exceptional Delivery Startup - Key Highlights.
Concept:
A technology-based online marketplace that offers 10-minute deliveries of groceries and essentials in urban Saudi Arabia (Riyadh, Jeddah, Mecca).
Innovation:
Utilizing repurposed shipping containers to store hyper-local inventory, modular dark stores are 90% cheaper than traditional setups.
A machine-to-app application that offers one-tap ordering, real-time tracking, and personalized recommendations.
Special orders based on demand - Products tailored to specific areas (such as snacks near universities or business centers).
Strategy:
In Phase 1, the initial phase of the project was launched in Riyadh, where around 7 million people reside.
The second stage involves expanding the country by 34 million people.
Each 2-kilometer section contains zero vowels that provide fast fulfillment.
Revenue Streams:
- Delivery fees
Subscriptions | Product markups | Ads & partnerships.
Projected revenue:
- Riyadh: SAR 777M/year.
- National: SAR 2.59B/year.
Vision 2030. Alignment:
Advances the e-commerce and logistics industries.
Creates job opportunities for young people in delivery or on the payroll.
Enhances the smart city program of Saudi Arabia.
Target Market:
- 97% smartphone penetration
Urban youth's preference for quick gratification.
Why It Works:
Delivers both speed and affordability while embracing high market potential.
Clientele type
Urban Saudi residents will be the main clients
Premises
The business is in idea stage as of now.
Asking Price Includes
The deal transaction will be discussed with the interested investors.
Asking Price
INR 50.00 Cr
Minimum ticket size
INR 10.00 L
Reason
The company is raising funds to scale its 10-minute delivery model across Saudi Arabia. Capital will be used to launch modular dark stores and expand operations. Investors can start with a minimal investment and increase based on progress.
More Details
The concept is in the idea stage and the application is already developed.
Keywords
Business Tags
₹10 to ₹200 Cr
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