Online Food-Tech Company Looking for Investment in Patna
Email
Phone
Google
LinkedIn
Facebook
About Business
This unique startup was established in Oct 2016. This is a first of its kind venture in Patna. They already cover almost 80% of Patna and are one of the fastest growing startups in the city. They provide lunch and dinner to individuals and corporates, through online or offline means. Their mission is to develop the absolute best recipes for all of our favorite foods. In spite of limited marketing, they have a great customer base and have more than 6500 downloads of their app, of which 30% users are active.
The area of their premise is 10000 sq.ft with a monthly rent of INR 35k. Currently, 15 people work over here. They take orders both through online(app) and offline means. They receive more than 150 orders in a day. They have tie-ups with more than 15 corporates till now. They also provide services in some of the corporate meets and parties etc. They have all the necessary equipment and 5 bikes for delivery.
They have designed their application in such a way that it can work in the multi-city basis as well with slight changes. The Promoter plans to get an investment since he wishes to improve their delivery team, for promotions and for expansion purposes as well. The revenue since the time it started is INR 40 Lakhs with a margin of 4-5 Lakhs. They are seeking an investment of INR 35 Lakhs. They can also consider complete exit.
Reason
Expansion and Promotions
Keywords
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published. We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks. We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.
What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
