Industry : Infrastructure
Renoswift is a dynamic tech-driven platform that revolutionizes the bathroom renovation landscape. Our mission is to cater to the middle-class and upper-middle-class segments who have long endured the frustrations of unreliable local contractors, masons and plumbers and hesitate to seek assistance from interior designers or architects due to their high costs. That's why we provide designer bathrooms at an affordable price point, ensuring that everyone can benefit from professional services without breaking the bank. Our unique feature is Visual Buying Experience through our website or app. And our highly technology enabled experience kiosk at high footfall area will create an unfair advantage for us. Our business model is direct-to-consumer (D2C), we will generate revenue by offering top-notch bathroom renovation services, including a comprehensive AMC package with fixed pricing that covers all warranties, guarantees, and maintenance needs. Furthermore, we have plans to establish our own in-house brand for bathroom tiles and fittings. This strategic move will not only give us a competitive edge but also improve our financial performance. By 2023, our impressive portfolio boasts over 100 projects, each with an average ticket size of 1.9 Lakh. This translates to a remarkable booked revenue of Rs. 1.2 crore. To achieve our next significant milestone, which involves launching our innovative feature and taking other crucial steps, we are seeking funding of Rs.2 Crore at a valuation of 50 Crore. This investment will enable us to make substantial progress towards our goals and drive the success of our venture.
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Year of Establishment2021