qZense Labs
Initial Ask – Rs.1Cr. for 0.25% equity at a valuation of Rs.400Cr.
About the Company
The company has developed a machine, which detects the internal condition of the fruit/vegetable. The company aims at reducing the anticipation aspect from the buying and selling of fruits/vegetables. This will help farmers reduce their costs as well as better their timing of sale of fruits and vegetables, reducing wastages and increasing profits.
The machine developed by the company provides 95% accuracy in such issues.
The aim of the company is not to generate revenue by selling these machines, but by providing digitizing solutions to the warehouses which stock fruits/vegetables. The company will fix the charges as per the amount of stock held by a warehouse and then the company will check the products there, making and submitting report of the status of the stock kept.
Past performance of the Company
The company has earned Rs.15lakhs in the previous years.
The company enjoys a good gross margin, with a Selling Price of Rs.50,000 and cost of production of Rs.15,000.
Industry Overview
The entire fruit/vegetable industry is completely running on anticipation, since ages. The agriculture industry suffers from the huge number of farmers and thus low productivity per unit of land. Now, CAPEX in such a product is impossible for most vegetable farmers since they have razor thin margins already.
This idea should work with horticulture fruits, with huge land holdings. Difficult market to operate in. Since organised agriculture is rare in India.
The vendors are huge in number and therefore, there is a certain rigidity amongst the vendors, which makes any new technology to enter the industry very difficult.
Moreover, the warehouses are generally stocked with tonnes of product, which is difficult to operate under the service model.
Previous Equity Split
Rs.1.8Cr. raised in 1st Round
Rs.5Cr. raised at a valuation of Rs.24Cr. in the 2nd Round.
Offers made, and the one accepted:
No Offers Made