Our business focuses on selling electronics and lifestyle products online. We now need funding to market and position ourselves.
Incepted in June 2011, we have crossed revenues of INR 5 Million and accomplished 50,000 hits every month. With unmatched consumer experience and excellent fulfilment already in place, we are looking to become the No.1 shopping destination for Indian consumers. Our main focus is on fast moving categories such as electronics and lifestyle products.
The company is as if now bootstrapped and needs funds to market itself. It will take 24 Months for us to become post EBITDA green.
With the increased Internet penetration in India (100 Million), the number of online shoppers is also growing (33% as of Dec'11).
At present eCommerce generated close to INR 0.5 Trillion, which is expected to grow to INR 2.2 Trillion by 2015. eTailing which is selling consumer durables online, is currently at INR 40 Billion (8%) of total eCommerce revenues and is set to grow to INR 200 Billion by 2012. There has been great amount of funding in this sector and a lot of very successful ventures, which often lead to consolidation to keep the Eco system thriving.
Our eCom portal was launched in June'11 and has past the INR 5 Million Revenue mark. We are in the top results of Google for the products that we sell.
The funds secured will be utilized majorly for marketing and positioning.
Interested investors can establish contact with us on Merar.
We have solid sourcing, fulfillment, logistics and customer service background. The category we deal in is high volume low margin categories, however, due to our experience in sourcing, we are able to yield high profit margin in the same categories where our competitors find it hard to get break even.
Funds will be used majorly for marketing, brand building connecting with potential customers.
This is an ideal opportunity for an investor to get in the business. They can expect 5X to 8X returns on their investment within a short span of 4 to 5 years.