Launched an online store for mostly digital items; 9000 visitors, 1000 active user & 30% repeat customer in 3 months. With lower commissions than competition, many sellers are joining. We also bulk purchase hot items and retail them in our store. Need investment to improve website and improve delivery service.
We started a online store majorly for digital items. We buy item in bulk at wholesale price and sell those item at our online store. We are connecting seller to our platform, we are allowing the sellers to sell their product on our platform taking low commission than other platforms. We are promoting our platform using affiliated marketing amongst other methods.
We invested Rs. 14000 seed money we had received, and have collection amounting to Rs. 24000 rupees giving us a profit of Rs. 10000. Our expenditure is split up into buying items for 4000 rupees, establishing seller connect for 2300 rupees. Our revenue stream consists of sales worth Rs. 11800, with commission from sellers being Rs. 3920
We need investment of 1 lakh rupees to improve our website, get better delivery services, diversify into multiple categories etc.