SwirlyBiscuit
SwirlyBiscuit
Student

How to raise funds as a first-time founder (Quick Commerce space)

Hi, everyone I'm planning to launching a 60-min Delivery service for D2C Brands in Delhi. We're acting as enablers for D2C brands offering them warehousing, packaging and shipping services through two strategically placed dark stores in Delhi.

How will it work?

Customers place an order on online channels like Amazon, Shopify, Woocommerce etc. Order Transfer: Orders are automatically integrated with our system or manually imported, ensuring real-time transfer to our backend. Warehouse Allocation: Using intelligent mapping, our system identifies the nearest warehouse based on the delivery location. The order is routed to this facility for fulfillment. Inventory Management: Our advanced inventory management system identifies the required SKUs, ensuring accurate selection. Within 10 minutes, the order is picked, packed, and prepared for dispatch. Last-Mile Delivery: Our dedicated delivery partners, stationed at the warehouses, promptly receive the package. They contact the customer to confirm availability and ensure the package is delivered within 60 minutes of order receipt.

What we Offer?

  1. Warehousing & Inventory Management: Dedicated storage space in our strategically located warehouses. Real-time inventory tracking and management. Safe, organized storage for all product types.
  2. Pick, Pack & Dispatch : Orders are picked and packed within 10 minutes of receipt. Professional packaging to ensure product safety. Immediate dispatch to minimize delays.
  3. Hyperlocal Delivery : 60-minute deliveries across serviceable areas in Delhi. Smart routing and reliable last-mile solutions. Flexible delivery options: standard and COD.
  4. Seamless Integration : Compatible with platforms like Shopify, Magento, and over 40+ integrations. Automated order syncing and tracking.
  5. RTO, RVP Management and CODs : Quick handling of returns to streamline your reverse logistics. Minimize RTOs and enhance customer satisfaction. Efficient COD Handling

Where am I?

I've been a performance marketer working with D2C Brands for the last 6 years until this idea struck my mind, and I've pitched this to over 8+ brands who have showed great interest in this initiative. We already have commitments for about 500 orders a month from 2 funded D2C brands and they're following up with us for the launch date everyday. Once, our initial pilot with this brand is complete we'll launch and scale with multiple D2C Brands. I have the locations, warehouse spaces, supply chain and technology MVP ready. There are few bottlenecks in the process that we'll figure out sooner or later.

Why Us?

Most importantly as an investor, you focus on maximizing profits and here's where our model is the best :

  1. We've run through our numbers, and in quick commerce where profitability is really hard, we estimate to be breaking even post 3000 orders per month (that's just 100 a day)
  2. Our prices are +15% than the traditional shipping partners right now that take around 1-3 days to deliver and RTO charges are massive, with our model - we can make RTOs essentially zero.

Why am I raising funds?

As this is a capital intensive business, and no matter how lean we get, we still require funds to setup and survive. Hence, I'm looking to raise funds, if you know someone who'd be interested in either joining us (we need help with hiring and managing manpower) or who can provide us the funds to start operations, we plan to scale this business to 10K orders per month by end of Year 1.

I’m raising a round of 30L to setup and start operations with our existing commitments and would like to know about how can I connect with angels and investors at this stage and how should I move forward with it.

4mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
WigglyBanana
WigglyBanana

Which products? How will you determine what SKUs to keep? D2C is a very broad space and Blinkit covers a lot of it. You need to find a strong enough gap in a market where gaps are being filled very fast.

Anyway - for a 30L ask - make a deck, show some early implementation or not -> Reach out to angels who typically invest, IPV, Venture Catalysts etc.

These are angel networks where you can find angels to invest that sum

SwirlyBiscuit
SwirlyBiscuit
Student4mo

Hi, so we’re planning to not be a quick commerce marketplace rather be enablers on the backend and play on the D2C brand’s existing demand that they are fulfilling with some other player (like Bluedart, DTDC). We would essentially integrate with their website over Shopify or Woocommerce and pull those orders instantly to fulfill them

WigglyBanana
WigglyBanana
Gif
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