Description
The company is generating an MRR of INR 45 Lakhs, with nearly 70% of all sales coming through its own website and a gross margin of 40%. It has an Average Order Value of INR 1400 and a low customer acquisition cost of INR 400 and a repeat purchase rate of 30%. A toddler thing is currently operating at an EBITDA positive stage, expecting to close this year at revenue of INR 6.2 Cr (Growth of 2x as compared to last year.)
Details of the round
The company is looking to raise INR 3 Cr at a pre-money valuation of INR 15 Cr. We believe, given the company’s sound unit economics, profitability & growth potential, it is raising funds at a conservative valuation multiple of 2.7X (the Current MRR is 45L). It has already secured commitments worth INR 2 Cr from notable angel networks.
The investment opportunity is open for investors through both the Lead Angels Network and the Fund with a minimum investment ticket size of INR 5 Lakhs*. Investments through the fund will be routed through the Lead Angels Fund, a SEBI registered AIF Category 1 VCF Angel Fund.