eCommerce Retailer - Capital Raise

Business Overview: E-commerce, founded in 2020, offers consumers various goods and household essentials at wholesale pricing. They accomplish this by collaborating with some of the largest wholesale retailers in Canada to provide consumers with products and prices traditionally reserved for companies. This business's unique business model and emphasis on predictability over speed enable it to reduce overhead costs beyond industry norms. In turn, these savings are passed on to their clients. Customer Overview: 4000 users Products and Services Offered: - 30 Mins grocery delivery - Restaurant food delivery - Retail shipment from H&M, Zara, Best Buy, Canadian Tire - Home auto insurance bundles with group purchasing - Issuing airline tickets The Transaction: Capital raise Revenue: 191,000 CAD Net Income (Loss): 11,000 CAD Investment Required: $2,000,000 CAD Minimum Check Size: $250,000 CAD Investment Purpose: Marketing, tech upgrades, and opening of more citywide micro-stores.