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Application Software Company Investment Opportunity in Mumbai, India

Mumbai based technology product company focused on Skill Assessments is seeking funds for growth.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 70 thousand
Run Rate Sales USD 200 thousand
EBITDA Margin 20 %
Industries HR Consulting + 4 more
Locations  Mumbai
Local Time 1:28 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 3 million for 20.0% stake (Native Currency: INR 230,000,000)
Reason: The product has been developed and seen initial traction in the market. Raising funds for growth. Bu... View More
Interested to connect with advisors
Business Overview

A Mumbai technology product company looking for investment to increase operations.

Company has developed a skill assessment tool which acts as a platform to hire, train and develop talent.

Company has developed 2 tools:

1. Tool to hire experienced professionals with skill based assessments.

2. Tool to hire from campuses which consider a holistic approach based on psychometric tests, leadership skills, communication skills etc (1000 student registrations.

The market response has been great and the company has signed 10 clients in the last 6 months.

Clients include: largest private sector bank, few educational institutes, IT companies, BPO etc.

Company's USP:

The company's capability to customize content for specific evaluation purpose.

Company possesses research based statistically validated content.

Company's focus on function specific simulations.

Has developed 100,000+ statistically validated questions with 140+ different test types coupled with 45+ personality competencies.

Order books include 90,000+ assessments booked by 6 large paying corporates and 3 paying educational institutes.

Currently the revenue is being generated by product sales in a PaaS model in an online and offline model. The pricing works on a pay per test mode.

There is a dedicated sales team of 2 focused on companies and educational institutes.

Products & Services Overview

Product / Service:

1. For experienced professionals: Designed to help corporate use assessment for hiring as well as training purposes.

2. For students: Designed to help educational institute’s assess students’ and measure progress for learning, development and placements.

Facilities Overview

A 2,000 Sq ft. Rented office with monthly rent of Rs 82,500 / and an advance of Rs 4,00,000.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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