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M Commerce based retail payment processing venture looking for Strategic or
Western India,

Information Technology,E Commerce Ventures
Asking Price 3 Cr Annual Revenue 0.5 Cr
EBIT Stake Offered
Year Established 2013 Listed On 2018-06-27

One year old western India based M Commerce based shopping solution and retail payment processing venture based on the concept of shop Any thing, Any time and Any where with an current turnover of Rs. 50.00 lacs annually.  Project is a mobile application working on all the major platforms which enables the Shopper to place an order from the Store/Restaurant/retail outlet/moving vans of his choice by scanning the product QR code from the store catalogue/menu or advertisement along with complete ERP,CRM, delivery and payment processing system. The company has launched its services simultaneously in USA and India. The service charges for retail outlet depends on the number of store, area of operation, number of transaction, average order value etc. The company has developed mobile apps also which is getting very good response from the retails for increasing sales and sales management. The product offered by the company is very competitive and inexpensive compared to Phone-in orders where you need expensive call centres and have inherent flaws like waiting times and listening errors. The company proposes to capture ten per cent of the retail offline stores who are not having any website or online order and payment processing capabilities. The product is useful for big and large retailers to small size retailers equally. Company is looking for strategic or angel investor who can invest up to Rs. 3 Cr to take the company to next level.