Retail E-commerce Platform Raising Funds In Surat
About Business
The company is a technology-driven startup focused on building a next-generation hyper-local retail commerce platform that connects local retailers with nearby customers across more than 50 categories. The platform aims to transform traditional retail shopping into a digitally enabled experience by helping users discover local stores, make purchases directly, and earn instant cashback of up to 15% on every transaction.
The concept is designed to empower small and medium-sized retailers by giving them digital visibility, low-cost marketing tools, and an opportunity to compete effectively with large e-commerce platforms. It also provides customers with the convenience of finding nearby stores, exploring offers, and earning cashback rewards for every purchase.
The business model will generate revenue through merchant onboarding fees, transaction commissions, and advertisements. Planned charges include a one-time merchant onboarding fee of ₹1,000, a 10–12% commission per transaction, and advertisement placements priced between ₹500 and ₹5,000 per day.
The platform is still in the development stage, with successful prototype testing of its app and payment gateway already completed.
Clientele type
The target clients will include businesses in the hyper-local retail industry.
Premises
The owner is currently operating remotely.
Asking Price Includes
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 1.00 Cr
Minimum ticket size
INR 50.00 L
Reason
The owner is looking to raise funds to successfully launch the platform and support marketing initiatives.
Licenses
ISO Certifications
More Details
The team consists of 6–7 members.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
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