Manipal Grocer
22085

Manipal Grocer

India
Market: Internet and IT, Food industry, Trade
Stage of the project: Operating business

Date of last change: 10/04/2017
Min amount of loan
$  10.000
Estimated yield
7 % a year
0
Total required
$ 150.000
Rating
equalizer 145 from 1000
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Also this project:
- is looking for investment
- sells business

Idea

Online Groceries, Fruits & Vegetables , Pet Supplies, Sweets, Breakfast, Small Electronics and the list continues.

Current Status

We had started www.ManipalGrocer.com on January 1st, 2017 with 5 people in team and today we have ore than 50 people and with within 10 months we have taken it to different level. Now we have 2 Super Markets Stores, 1 Bakery & 1 Pet Shop to store our products (we use them as warehouse and its also open to retail customers) and a Software Company. Day by Day the business it growing drastically and we are hiring on daily basis. Now we are at a stage where we need huge investments to take the business to next level to get wide variety of products and stocks and area and call center agents and software developers.With the help of the investments what we get we are going to improve the delivery system with more vehicles and insurance for the delivery boys and offer and many more.

Market

Manipal and Kundapur is a student based location and industry area. There are people from all over the world here and they don't know the local languages and places to get their daily needed stuff. There are about 1 lakh people

Problem or Opportunity

The problem is same as most of the busy people, they don't have time to purchase groceries, fruits and vegetables etc. for them and don't trust on someone to pick fresh vegetables for them when and where they need it. Most of the people hesitate to tell their fellow friends/relative or anyone as they will be annoyed to go repeatedly if by chase they forget an item and remember it later.

Competitors

Big Bazar, Spar

Advantages or differentiators

Wide range and within 2hrs elivery, preorder, tie slot delivery

Finance

1500000

Loan terms

6 months

Interest rate, %

7

Business model

Large Scale

Solution (product or service)

We are here to solve all such kind of problems with no rules and restrictions, we can give delivery of items from as simple as just 1 egg to complicated monthly ration/ party catering or sweets to the customer with a timely manner. We are open to all category as we have tie up with most of the brands/store in our area.

Risks

Very less risk as we have our eggs in multiple baskets.
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Idea
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Finance
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Business model
Solution (product or service)
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