Creating an Excel spreadsheet
MIDTERM ASSIGNMENT
BY :- ROHAN KHEMKA
Online grocery delivery
In the current market with the situation the world has been put into, we see that everybody still needs their essentials. In India we can see that it is very difficult for most of the people to receive their daily fruits and vegetables. We see a huge gap in the demand vs the supply of how groceries are being delivered.
Our Business plan is to make delivery available to anyone and everyone within our region.
We even see, that a lot of people are trying to do all sorts of things to earn a living, especially now, since a lot of them have to feed their families. A huge sector of Indians work part time jobs, and are helpless at a time like this.
Our idea is to impact our nation in 2 parts.
Helping people get their essentials delivered to them at their homes.
Helping the economy grow by giving a chance to the people to earn their living at a time like this and even beyond.
We Plan to start this business on the east coast of India. Starting with Kolkata, and then expanding all over the the state, and then moving forward from there.
We are part of the E-commerce industry.
DEBT FINANCIAL INSTITUITIONS
Debt Financial Institutions are those that lend you money for a period of time and charge a certain amount of interest on it.
There are multiple types of Debt Financial Institutions ;- Commercial Banks, Credit Unions, Savings/Loans Associations, finance companies and consumer finance companies.
India has a huge growing market for Start Ups, and has seen a lot of players shifitng from Equity based funds to Debt raising funds.
DEBT FINANCIAL INSTITUTIONS IN my region
There are multiple debt financing institutions in India, but only a select few focusing on Startups.
The top few for me are :
Bajaj Finserv - www.bajajfinserv.in
Lending Kart. - www.lendingkart.com
IndiFi. - www.indifi.com
Alteria Capital. - alteriacapital.com
Sidbi - www.sidbi.in
Innoven Capital - www.innovencapital.com
DOCUMENTS REQUIRED FOR Acquiring LOANS
When acquiring a loan, banks usually acquire a lot of documents to be sure that they would get their principal and their interest back.
When it comes to Startups, sometimes they do not have everything that could be required. For example: A Bank might require to see the last 12 months of revenue, but a startup of 6 months old may not have that. Thus a lot of Debt Financial institutions may require only certain things from start ups before providing them with funds.
Some of these documents are :-
Proof Of Identity
Address Proof
Age proof
Bank Statements : previous 6 months
Proof of Income
Signature Proof
IFSC code proof
Business Ownership Proof
‘The one’
Amongst all the Debt Financial institutions in India there is One that is most appropriate and convenient to me.
Bajaj Finserv – They are the largest Debt financers for startups in India, they are super flexible with their tenor repayment time, ranging from 12 to 60 months.
They have the fastest approval scheme i.e within 24 hours.
They send people to your doorstep to collect the documents.
Absolutely no collateral required.
And easy online account management.
Equity capital investors
Equity Capital Investors are those that buy out a percentage of a business. I.e they purchace a certain amonut of stock. It could be 5%, 10%, 25% and sometimes way more, depending on what the investor feels about the business, and how me he is willing to invest.
Equities that are bought on the stock market are called stock funds.
Equities that are bought privately are either called Venture Capital investments or Private Equity fund investments.
Equity Capital Investors in My region
There are many equity capital Investors in India, they even include multinational firms that have a base in India, as there are a lot of Big Venture Caps that want to invest in India.
The ones that look interesting to my and my business are ;
Augment Ventures - http://www.augmentventures.in
Seeders. - https://www.seeders.in
Kolkata Angels. - https://angel.co/ kolkata /investors
Sidbi Ventures. - https://www.sidbiventure.co.in
Why fundraising and ‘the one’ for us
In today’s world, no startup can work without an investment of sorts as they need to survive in the long run.
Most of the startups today are not even close to breakeven cost, and are heavily losing money and so are very dependent on capital from other investors.
We as a company would need fundraising for 2 major reasons.
To create a SAAS based model where grocery stores from all across the city can come together and sell thei products to everyone.
The Second, is to pay salary to all the riders who are willing to take the groceries from Point A (the store) to Point B (The customer).
According to me, one of the best places to look for investors in my region are taking a look at angel Investors.
Kolkata Angel’s are best suited to me because, most of the investors are from the same city as I plan to start up in.
They have known the city, and know consumer trends in the city to help work.
I also think that word of mouth is one of the biggest advertisers anywhere around the world. And having people from your city spread the word could attract most number of customers
Thank you