THENEXTIN: The Next Innovations
We, THENEXTIN, started an online store majorly for digital items. We buy the items in bulk at wholesale price and sell those items at our online store. We connect sellers to our platform, allowing them to sell their products on our platform, taking lower commissions than other platforms. We are promoting our platform using affiliated marketing, amongst other methods. Our online platform had 9000 visitors, 1000 active users, and 30% repeat customers in 3 months. We invested Rs 14000 seed money that we received and earned Rs 24000, giving us a profit of Rs 10000. We split the expenditure into buying items for Rs 4000, establishing seller connect for Rs 2300. Our revenue stream consists of sales worth Rs 11800, with the commission from sellers being Rs 3920. We seek an investment of 1 lakh rupees to improve our website, get better delivery services, diversify into multiple categories, etc.
State : Delhi
Gender : Other
Sector : Retail & E-commerce