6Degree - San Angels Network

Protinus Fashion Networking Private Limited - 6Degree

B2B Saas: E-commerce and omni channel enablement solutions

Official Website

Reports and Documents

INR 4Cr

Total Round Size

CCD

Mode

₹ 10 Lacs or USD equivalent.

Minimum Ticket Size

Discount of 20% on the valuation of the upcoming Series-A round, with a valuation cap at $12 Mn (Rs 100 Crore)

Previous Rounds Details

Raised CCPS INR 8.9 Cr in Pre-seed at a INR 80 Cr Valuation (Pre money).

About the Opportunity

Company Overview

6Degree is an e-commerce suite of solutions which empowers retail and lifestyle businesses to unify their digital business through technology and scale through a suite of solutions. The offerings include advanced inventory & order management solutions, a no-code platform for D2C enablement and tailored solutions to scale brand businesses.

Business Model

The Problem:
Lifestyle retail brands face challenges in:
1. managing their inventory while selling across multiple sales
channels
2. identifying their customers across various digital and retail channels
3. analyzing and forecasting demand for their products
4. Improving the ROAS of their existing D2C & Marketplace business.

The Solution:
6Degree is an e-commerce enablement start-up which manages end to end operations of retail and lifestyle brands, ranging from D2C enabled brand store solutions and an integrated seller platform with payments and logistics.

The platform insights allow brands to optimize their inventory and be able to target the right audiences for higher sales conversion.

Team

Nikhil Hegde (Co-Founder & CEO)
• Ex-Airtel, Ex-KPMG, Ex-Tata
• 19 years’ experience in product management and risk consulting

Amit Bhardwaj (Co-Founder & COO)
• Ex-Tata
• 15 years’ experience in Enterprise sales and technology

Current Business / Market Opportunities / Traction

Their business model has achieved some key metrics:

ARR is at ~$0.8Mn and will end FY24_25 at ~$1.2 Mn (on the back on some new customers onboarded) and positive EBIDTA at ~16%.

Marquee Enterprise customers include Aditya Birla Fashion & Retail, Grasim Industries, Lacoste, Ramoji Rao Group and many more.

Key Highlights & Partnerships:
• Catering to brands in 8 categories of lifestyle sector, including apparel, accessories, wellness, beauty and others
• Current ARR: Rs 7 Crore
• Strategic multi-level partnerships with brands like Aditya Birla Fashion Retail, Ramoji Rao Group.
• Advanced discussions with Tata Digital, Pantaloons, Grasim Industries and Landmark Group

Summary

In the current raise of $500k, they have completed raising $400k and the terms are as below:

Amount Remaining: $100k
Company to raise a minimum of $850k in the next round by 31st March, 2025
Discount of 20% on the valuation of the upcoming Series-A round, with a valuation cap at $12 Mn (Rs 100 Crore)
If the company fails to meet the above condition, then the valuation is converted at a valuation floor of $6Mn (Rs 50 Crore)
Min Amt: INR 10 Lacs or USD equivalent.

Like any other startup venture, this also carries inherent risks, including illiquidity and the possibility of total loss. We acknowledge that our capital is at risk, and there is no guarantee of returns. The investors are investing their own capital and are exposed to the same risks as other investors.

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