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RFID Systems Company Investment Opportunity in Toronto, Canada

Bangalore based IT startup wants to raise funds for North America expansion specialized-in RFID system.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 70 thousand
Run Rate Sales USD 229 thousand
EBITDA Margin 40 %
Industries RFID Systems
Locations  Bangalore + 1 more
Local Time 8:57 PM America / Toronto
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: - Global Marketing. - Operational expenses. - Corporate tie-ups. - Valuation is based on our own ... View More
Includes physical assets worth USD 5 thousand
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Business Overview

- The company owns proprietary software & already executed projects in 8 countries with multiple customers. Agreement with channel sales partners in 10 countries.

- Company has developed an RFID application for hospitality, healthcare, logistics, and then for general asset & inventory tracking that is beneficial across all sectors.

- The company has a solid business network in Malaysia, UAE & Africa as most of its clients are from these regions.

- Have 35 clients at the moment.

- RFID is the most reliable solution for asset tracking, with a very huge market and opportunity for expansion.

- Team has over 20 years of industry experience.

- Key promoters will be based in Canada as well as India.

- The company now come up with the idea to develop a new product in digital tracking of all household garments and commercial laundries using QR applications along with RFID.

- It will be a first-of-its-kind application in the world.

- Company is projecting an average annual growth rate of 30%.

Products & Services Overview

Currently:

1. RFID asset tracking.

2. RFID laundry management & supply chain Management.

3. RFID Tire tracking for trucking & logistics companies.

New product:

Market first e-commerce platform for garments and laundry tracking.

The solution will be a global aggregator model which has huge potential.

Assets Overview

No additional or accountable assets except basic office furniture and set-up. Other assets are few RFID readers and devices.

Facilities Overview

- The incubation centre is located in Toronto Business Development Centre (TBDC)

- We also have a rented office in Bangalore.

Capitalization Overview

Self-funded by the partners.

No debts/loans currently.

The business has 3 shareholders, with the founder having the maximum number of shares. 60% is owned by the founder and 40% is divided between the other 2 partners.

Recent Activity
  • Earlier than 15 days
    Company, Bangalore, Financial Consultant connected with the Business
  • Earlier than 15 days
    Director, Bangalore, M&A Advisor connected with the Business
  • Earlier than 15 days
    Owner, IT, Delhi, Individual Investor / Buyer connected with the Business
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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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