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Quick Commerce Business Raising Funds in Bhubaneswar

Listing ID: SL020966
Posted By: Owner
Last Active: 6+ months ago
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About Business

Company Overview:

The business is engaged in wholesale distribution of durable goods, focusing on electronics, mobile phones, household appliances, and daily-use essentials. It operates as a merchant wholesaler, supplying products to retailers and businesses through an online platform. The company follows a quick commerce model, ensuring rapid and efficient delivery.

Products and Services

The product range includes:

- Electronics
- Mobile devices and accessories
- Grocery and supermarket essentials
- Medicines (planned for future expansion)

Delivery options include:

- Home delivery
- In-store pickup
- Curbside pickup

Business Model:

The company operates on a dark store (link-store) model, using localized fulfillment centers to ensure fast delivery. It emphasizes speed, convenience, and affordability. AI-powered systems are used for inventory and stock management. The current focus is on covering all pin codes in Odisha, with plans to expand into other states.

Current Status:

The venture was bootstrapped with an initial investment of 4 lakhs by the founders. It is currently in discussions with private equity firms to raise 2 crore in funding. The business is looking to scale up its customer base, team, and operational infrastructure.

Market Positioning:

It competes with major players such as Zepto, Big Basket, and Jiomart. Its key advantage is the promise of 30-minute delivery, even in regional and semi-urban areas.

Key Strengths

- Low fixed-cost operating model
- 24/7 customer support
- Competitive pricing and attractive promotions
- Wide product selection
- Strong advertising capabilities and multiple payment methods, including EMI options

Clientele type

Target Audience:

The target market includes individuals aged 16 to 55 from various backgrounds, with a focus on online-first consumers in both urban and rural locations.

Premises

LEASED

Lease per month (in INR): 35.00 K

Security Deposit (in INR): 2.00 L

Carpet Area: 3,000 sq ft

Asking Price Includes

The terms of the deal & transaction will be discussed with the potential investors.

Reason

Quick Commerce Business Raising Funds in Bhubaneswar

More Details

This quick commerce business is dedicated to delivering orders within just 30 minutes across Odisha, which is its key USP. Additionally, it offers services across India. The company currently operates through three branches located in Kolkata, Bangalore, and Odisha.

Keywords

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Business Tags

Quick Commerce Business Raising Funds in Bhubaneswar

₹10 to ₹200 Cr

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