I am from India - Bombay and have started this trading business of Cast Iron Brackets which is used to fix up wall hung commodes in bathroom/toilets, urinal commodes and wash basins alike.
It's been 6 months now and it has grown from Rs.15K (US $329) sale in the 1st month to almost Rs.3lacs (US $6,578) in its 6th month.
I started this business with literally "0" investment and now since it has grown and is growing leaps & bounds I am planning to manufacture these products on my own and it requires capital of around INR 4 to 5 lacs (US $88,000 to $110,000).
My credit record is spoiled and I am in no position to receive any sort financial assistance from any of the Financing institutes and neither my family is in position to help me with such amount due to certain unavoidable circumstances.
However, I've been approached by a couple of my cousins, and they are ready to invest but only if they are getting a reasonable share in the business.
Is there any other way to raise capital where I don't have to share my business?