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Application Software Company Investment Opportunity in Pune, India

Company with solution to simplify, standardize, and automate Expenses of businesses & AP module.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 80 thousand
Run Rate Sales USD 480 thousand
EBITDA Margin 30 - 40 %
Industries Application Software
Locations  Pune
Local Time 6:39 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.5 million for 30.0% stake (Native Currency: USD 1,500,000)
Reason: Business expansion, API strategies. Expecting USD 3 million in annual revenue next year from clients... View More
Includes physical assets worth USD 11 thousand
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Business Overview
Our expense management system is a simplified global solution to manage business expenses in an automated manner, making use of cutting-edge technologies and with used cases. This is a SaaS offering with a mobile application. We launched our SaaS product in December last year after investing 3 years in product development. We have a strong pipeline and need funding for API strategies and a 18 month -run rate for GTM.
Currently, we have one foreign multinational Client and 6 Indian clients. We are in discussion with 50+ pipeline customers and all are growth-stage companies having USD 10 million in revenues. The product was launched late last year, thus last year's sales seem less when compared to our run rate sales for this year.
- Our SaaS solution and mobile application make the process simple and efficient.
- We offer corporate credit card integration and travel expense management to help companies control their spending.
- Our month-end close process is automated and provides companies with an easy and efficient way to close their books.
- We are in discussion with banks to have a partnership on our solution.
- All promoters are ex-Mastercard and ex-Deloitte employees who have a collective experience of 45+ years. They consist of chartered accountants and tech leaders.
- Now we have our own travel website to provide travel desk facility and already booking is accepted by out existing client.
Products & Services Overview
Workflow.
SaaS solution.
Approval flow.
Tax solution.
Accounts payable.
Expense management.
Finance automation.
Settlement.
Corporate credit card integration.
Travel expense management.
Travel Desk Assistant.
Virtual account assistant.
Month-end close.
Assets Overview
Physical assets include computers, servers, and office furniture worth about INR 10 lakh (USD 11,000).
Intangibles include:
- Our team of professionals.
- Our website.
- Software algorithm.
- Promoters' business insights.
- Product design, and business processes.
The intangibles are valued at about USD 7 million.
Facilities Overview
We have one office in Pune with a 20 seater, one conference room, and another satellite office in Mumbai which is a newly added facilities. The Mumbai office is small and accommodates 10 members.
The Mumbai office is owned by a family member but we pay rent for it. The Pune office is rented and located in the Eastern part of Pune. The Mumbai office is located in the Northeast suburb of Ghatkopar.
Capitalization Overview
Bootstrapped and money invested by friends and co-founders. Co-founders have loans, not the company.
The shareholding split is 18%, 9%, 6%, 49%, and 18%.
Recent Activity
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13 Investors already contacted this Business. Register below to connect now!
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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