Automotive Accessories Company Investment Opportunity in Hyderabad, India
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 100 thousand |
Run Rate Sales | USD 230 thousand |
EBITDA Margin | Operating at loss |
Industries | Automotive Accessories |
Locations | Hyderabad |
Local Time | 5:04 AM Asia / Kolkata |
Listed By | Advisor / Business Broker |
Status | Active |
- DIY kit that any person can install on their bike easily making it a highly scalable solution.
- The entire mechanism of the kit and IOT module is patented and granted.
- The DIY kit addresses the biggest problems that millions of Indians face on a daily basis and there is no other solution there in the market that comes close to this DIY kit.
- The infotainment platform is given free of cost to the users and they will monetize the large amounts of user travel data by carrying deep data analytics and selling to different industries such as motor insurers, and bike resellers.
- Their vision is to build a platform into the de-facto super app for all 2-wheeler needs, ranging from bike servicing, trip planning to even accident identification.
- Company's sales have been growing every month on the back of advertising and publicity from Shark Tank.
- Also awarded with the Nidhi Prayas Grant. They were a part of the Tie Nurture Program and an IIT- B incubator.
Products include:
A. DIY device that can be installed on any 2-wheeler to provide riders with complete weather protection.
B. An easy-to-use add-on accessory designed to protect the legs of the riders.
In any kind of rain.
C. IoT module – a smart electronic device that connects to any 2-wheeler and it provides the rider with android-auto-like infotainment comforts on a bike.
Physical assets include the prototypes and inventory of the following:
A. DIY device that can be installed on any 2-wheeler to provide riders with complete weather protection.
B. An easy-to-use add-on accessory designed to protect the legs of the riders.
In any kind of rain.
C. IOT module – A smart electronic device that connects to any 2-wheeler and it provides.
Intangible assets include the online platform, tech, and product designs.
The company has a small rented office in Hyderabad.
The business is currently funded with the help of an investor's equity capital. In the beginning, the promoters invested INR 50 lakh for the initial R&D. Over the due course, the startup has raised about INR 4 crore in equity funding to expand the business. The investors include Mumbai.
Angels, SucSEED Ventures, Dexter Angels, Ah Ventures, StartupLanes, HEM Securities, Peyush.
Bansal and a range of other HNIs.
-
1 week, 6 days agoHead, Paper Products, Kanchipuram, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder, Job Portal, Minneapolis, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysManager, Health Care, Delhi, Individual Investor / Buyer connected with the Business