Eclare
Initial Ask – Rs. 1 Cr. for 2.5% equity at a valuation of Rs. 40 Cr.
About the Company
This company is providing carenting for elders. It helps the senior citizens in small tasks like taking them to the temple or the supermarket, or even something like setting up ICU at home. All the services will be provided by ex-defense personnel, which solves the issue of allowing unknown people at home, because ex-defense personnel are very trustworthy. The problem is that the supply chain is very complex and the scalability is very difficult in this business.
Past performance of the Company
In the period between Mar-Oct 21, the company earned Rs. 50 lacs, and operated on a margin of 30%.
Industry Overview
The market is huge, but the problem is the logistics of the task to be done. The scalability is always an issue, and here, a few of the existing players have built in the trust in the market.
Profitability in a large is scale will be very crunched in the industry because of large requirements of Workers to deliver the task to the needy.
Previous Equity Split/Investments
The equity is split between 5 members of the family only.
Offers made, and the one accepted:
No offers were made!