Cofounders for Ecommerce Marketplace Startup for Hyperlocal Deals
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Advent of new business models like quick commerce, e-commerce etc and the growth of organised sector has greatly disrupted the small and medium sized business. I am currently exploring a ecommerce startup idea to build a new marketplace for hyperlocal deals that will enable and empower the small and medium sized retailers to participate in the online commerce so that they can retain their customers and also grow their business by reaching new customers via online channel.
The ecommerce marketplace startup envisioned would function as follows.
- Local retailers and merchants can register on an app and setup their shop online in few minutes
- Local retailers can easily add products to their product catalog and set their pricing and discounts and deals and also setup a serviceability range
- Local customers can now discover these local retailers using another customer app
- Customers can search across shops that service their delivery address and then compare prices and add items to their cart
- Once ready the customers can check out and make payment
- Local merchants will be informed about the order and they can manage the order fulfilment using the merchant app.
While enabling the local retailers to sell online, the hyperlocal deals marketplace will also ensure best prices for customers. Thus creating a win win situation for both players in this arena.
By setting up above marketplace model, one can earn commission for transactions and also add complementing revenue sources via ads etc.
As of now the we are in ideation stage and looking for one or more Co-Founder/s or Business Partner/s who can join hands and make this vision a reality. All business partners will have equal equity in the new company thus formed and will have to contribute equal time and investment.
If this idea interests you, please feel free to reach out to me
- Business Partner | Advisor | Investor
- 50%
- 01/04/2024
- 7760179601
- Bengaluru
- manjunath.munegowda@gmail.com
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