Very Well Established Online Grocer in Bangalore is Looking For Exit

Product / Service

Vegetables, Fruits, Groceries, Value-added products, Ayurvedic tablets, Health Supplements.

Clientele type

On average around 3500orders are being fulfilled on a daily basis from our inventory all over Bangalore.
For delivery we have strong fleet of Tata Ace and 2 wheelers around Bangalore for fulfillment.

Premises

The total carpet area of the premises is 20,000 Sq Ft.
Per month rent of the premises is INR2,90,000.
The security deposit is INR17Lakhs(included in asking price).
9388Sq Ft of the ground floor is used for Inventory.
5300Sq Ft of 1st floor for customer service, Accounts, and Branded Inventory.
5300Sq Ft of cloud kitchen available for manufacturing, repackaging, baking, etc.

Asking Price Includes

Asking price includes assets, stock, website and customer database of 4Lakhs customer of B2C and 350 customers in B2B.

Reason

Not having enough working capital.

Other Details

We are a 100% vegetarian local e-grocer specializing in fresh fruits, vegetables, regional ingredients, and artisanal goods. As Bangalore’s pioneers of home delivery, we have been bringing high-quality products straight from the source to your doorstep since 2002. This business was started by IIM graduates.
Being in the business for 18 years has enabled us to build firm, long-lasting relationships with our vendors. We started out as, and continue to be, ingredient suppliers to hotels, which means the volumes we deal in allow us to grade produce and select only the highest quality for our customers. Years of experience in setting up a distribution system have played no small part in helping us service the burgeoning population of a fast-growing city like Bangalore. We cover an 80km radius on a day-to-day basis!
We use recycled packaging, opting for reusable glass bottles, and keeping plastic to a minimum. We do our bit to encourage the domestic organic movement by creating a marketplace for its produce. It is a work in progress, and we welcome your suggestions and ideas on how we can go greener!
DailyNinja is our backbone of the fulfillment and distribution of F&V.
With our patented products of value-added products, we have increased the margin to unbelievable numbers. We have varieties of options handpicked from daily use of household items and have enabled carefully with the perception of long term ROI.
We have onboarded Akshayakalpa and built the subscription engine for all Akshayakalpa organic dairy products via Morningdrop
With our efficient distribution and high-quality products, online channels are keen to start operations in Yeshwantpur and HSR Layout.