Outbox
Initial Ask – Rs.50 lacs for 10% equity at a valuation of Rs.5 Cr.
About the Company
Kolkata’s biggest premium surprise planning company, Outbox brings on the idea of ‘Do it for me’ culture. They act as a one way substitute to all the hardwork that goes into the surprises, from planning till execution. They operate through their own website. Their services’ ticket size range from 3500 (least expensive) to 1.5 lacs (most expensive).
However, the company needs a good tech founder, for the betterment of their web appearance. The business is such, that it can be easily copied and taken over by the tycoons, for whom scalability won’t be much of a problem.
Past performance of the Company
The company earned a revenue of Rs. 5 Cr. till now, from 2017-2021. This figure includes the sales of Rs. 1.25 Cr. in the year 2019 and that of Rs. 1.1 Cr. in 2020. They are running at a current annual run rate of Rs. 1.5 Cr.
Industry Overview
It is a budding sector, which is growing with a generation, busy to plan and execute their surprises on their own. ‘Do it for me’ culture is giving the major boost to this sector. Good personalized catering helped this sector to get flocked with the youth. However, good tech experience and heavy marketing are the essentials for sustenance of business here.
Offers made, and the one accepted:
No deals were offered.