We are working on a hyper-local concept which addresses 3 problems primarily , declining sale of local stores, delayed delivery time and most importantly product price. We have developed a mechanism where we can serve people with prices below any of the e/m-commerce giants. Cliched but still, Hyper-local.
We are primarily targeting Bakery, Sweets, Medicines and grocery to start, Also, we will have our own delivery network. 10 year vision will be to get into diverse segments. The market size varies from 400B USD to 750B USD.
We have been working on the concept for over 1 year now and strongly feel that we have a better product than our competitors Grofers and JustDial. Front-End Prototype is ready and back-end development is on. Founding Team consists of two members right now, Mayank (Ed: SRCC alumni, W.E: Dell, Barclays Bank, Shanti Sales and Decent Motors) & I (Ed: St. Xavier's Kolkata, W.E: Playsmart Merchandise Pvt. Ltd. , Letsbud.com(failed), Tirupati Trading and Ramjilal Sales).
Verbal agreement on seed funding of 1 Cr. has been finalised. (Depending on the traction of first two months)
Looking for hard-working, world class coders and designers (UI/UX) to put in every sweat of their lives to realise & align the vision of the company. Expect Dilution of 20-30% equity.