B2B Marketplace for Metal buyers and sellers looking for Seed Funding

By AlokPatra
Posted On: 17 / May / 2021
0 762

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Fintech
Charge

Deal Status

Active

Deal Description

Online Platform to Connects B2B Metals Buyers & Sellers with real-time visibility of Supplier stock and Customer Requirements. Merastock is solution for Non availability of quality raw material (metals) at fare pricing and just in time. (Special Grades, Customised Sizes & Small quantity supplies) Slow moving/ Non Moving metal inventory concern for rotation of working capital. High Yield loss during processing of Metals on account non availability of nesting sizes High Marketing cost to reach to the SME having requirement against metal Inventory. Established in Jan 2021. Recognized by Startup India. Registered 1000 + Buyers and sellers FY21-22 Gross sales till Jan 22 -595 lakhs FY21-22 Gross Margin till Jan 22 13.58 Lakhs. Current Full time team of 10

No Files Attached

Deal Value
₹ 2 Crore
Targeted Region
Americas

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed
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