Art Gallery Seeking Loan in Mumbai, India
Closed-ended auction company connecting elite clientele and global auction markets seeks funds for expansion.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | General Partnership |
| Reported Sales | USD 230 thousand |
| Run Rate Sales | USD 125 thousand |
| EBITDA Margin | 12 % |
| Industries | Art Galleries + 1 more |
| Locations | Mumbai |
| Local Time | 5:48 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Seeking Loan
USD
230 thousand
for
18.0%
annual interest,
3
years
(Native Currency: INR 20,000,000)
Reason: - Expansion of business, registering ourselves as an auction house on the global platform, marketing...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
520 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Mumbai-based company specializing in connecting avid buyers and available opportunities in the auction market.
- Completed 18 auction collaborations with auctioneers worldwide.
- Done over 900 global auction participation to date.
- Promoters have a cumulative experience of 13.5 years.
- Active participant in the auction industry for the last 10 years.
- Capital raised as of 31st March 2022 stands at INR 14 crore. We have serviced INR 5.25 crore and our current capital stands at INR 8.75 crore.
- Technologically backed process of procurement and sale of auction-worthy items.
- We are in the process of accumulating new assets for auction. As a result, our revenue has dropped. Need funds for the same reason.
- We generate revenue by selling auction-worthy items to customers for a profit and facilitating auction services through collaborations.
- Business has no loans or liabilities.
- Company has 2 partners with equal shares.
- Completed 18 auction collaborations with auctioneers worldwide.
- Done over 900 global auction participation to date.
- Promoters have a cumulative experience of 13.5 years.
- Active participant in the auction industry for the last 10 years.
- Capital raised as of 31st March 2022 stands at INR 14 crore. We have serviced INR 5.25 crore and our current capital stands at INR 8.75 crore.
- Technologically backed process of procurement and sale of auction-worthy items.
- We are in the process of accumulating new assets for auction. As a result, our revenue has dropped. Need funds for the same reason.
- We generate revenue by selling auction-worthy items to customers for a profit and facilitating auction services through collaborations.
- Business has no loans or liabilities.
- Company has 2 partners with equal shares.
Products & Services Overview
- Auctions of rare coins, sports memorabilia, currency notes, and intellectual property.- Purchase and sales of limited edition auction-worthy instruments.
Assets Overview
- Sports memorabilia is worth INR 2.25 crore approximately.- Numismatics is worth INR 1.80 crore approximately.
- Miscellaneous auction worthy instruments and intellectual properties worth INR 45 lakhs approximately.
Facilities Overview
1,250 square feet fully furnished rented office headquartered in Thane.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
Tags:
Online Marketplace Business Seeking Loan in Mumbai, India
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·Lend to Online Marketplace Business in Bombay
·Painting Shop Seeking Loan in Mumbai, India
·Antique Shop Seeking Loan in Mumbai, India
·Art Gallery Seeking Loan in Mumbai, India
·Online Marketplace Business Seeking Loan
·Lend to Handicraft Shop in Mumbai, India
·Handicraft Shop Seeking Loan in Bombay
·Lend to Painting Shop in Mumbai, India
·Lend to Antique Shop in Mumbai, India
·Painting Shop Seeking Loan in Bombay
·Lend to Art Gallery in Mumbai, India
·Antique Shop Seeking Loan in Bombay
·Lend to Online Marketplace Business
·Art Gallery Seeking Loan in Bombay
·Lend to Handicraft Shop in Bombay
·Lend to Painting Shop in Bombay
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