The Company is in business since last two years and last financial year (2018-19) it has grown by 344 %. Last financial year revenue was USD 285,720. The Company charge 15 % commission from supplier. It provides free delivery of goods at customer’s doorstep. The Company deals into spare parts of Textiles, Nonwoven, Tools & Hardware, Packaging, Electrical & Automation industries.
The Company is doing avg. daily transactions of more than USD 1200 and its growing fast. Last quarter, we have done 325 transactions worth 100,000 USD. Total 19310 items were purchased during the last quarter.
The Company is looking for a fund of USD 2 Million to scale up its activities and operation. Out of 2 Million USD, we intend to invest in industry specific product categories, technology for predictive maintenance and AI enable spare parts forecast. We also intend to invest in cross border eCommerce, franchisee network, marketing and business development.
About Management Team
Founder: The founder is a ﬁrst generation entrepreneur having a foresight and vision for machine spare parts business. He is young, dynamic, goal oriented and risk taker. He is having more than a decade experience in successfully running non woven machine manufacturing business . Widely travelled abroad and participated in exhibitions, global conference on business, seminars and trade shows.
CEO: More than two decades of experience in Global sales & marketing, business development and communication, Extensive Experience of working with renowned media, publications, economic research organization and Global B2B portal. He has worked in Shanghai, China for two years with B2B portal. He wants to build The Company as world class organization to serve millions of small and medium size businesses across the world.
About Our Product
The Company is an online marketplace and eCommerce platform offering wide range of machine spare parts across several industries through its online platform. The Company integrates industrial retail supply chain through its franchisee network as well as offer specialized services to SMEs for buying and selling of machine spare parts
The Company works in online marketplace and eCommerce industry which is having a huge potential for growth in India. The platform facilitates online buying and selling of spare parts which is so crucial for manufacturing sector.
1. Please reach out to us for more detailed business and financial projections.
2. Please note that we have been bootstrapped so far. We have already invested 0.75 Million USD in The Company
3. 10 % equity can be offered in lieu of 2 Million USD
1. Moglix.com – This company sells industrial items including tools and hardware.
2. Amazon.in – This company sells very few industrial items like bearing
There are no B2B portals in India who deals specifically into actual machine spare parts for industrial segment. The Company is having strong vertical focus and going deeper into this segment by serving manufacturing sector and small and medium sized business. We intend to work with Global ecosystem of spare parts and want built last mile connectivity through building franchisee network.
Through our platform, we can build cross country manufacturing network and facilitate Global integration of machine spare parts industry.
Available for discussion with registered investors.
Disclosure: Investing in startups carries a high degree of risk. In general, financial and operating risks confronting both early and developmental-stage companies, as well as more mature expansion-stage companies are significant. Many emerging growth companies go out of businesses every year. It is difficult to know how companies will grow, if at all, or what changes may occur in the market. A loss of an investors entire investment is possible and no profit may be realized. Investors are responsible for conducting their own due diligence.
* It should not be assumed that recommendations made in the future will be profitable or will equal the performance of securities in this list