↩ Go Back
Need help?

Consumer Electronics Company Investment Opportunity in Coimbatore, India

Company manufacturing IoT based smart locks, seeking funds for expansion.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 30 thousand
Run Rate Sales USD 60 thousand
EBITDA Margin 15 %
Industries Consumer Electronics + 1 more
Locations  Coimbatore
Local Time 11:01 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 180 thousand for 10.0% stake (Native Currency: INR 15,000,000)
Reason: Seeking funds for expansion, marketing and capital investment.
Includes physical assets worth USD 60 thousand
Documents
Business Overview

- Company specializing in manufacturing IoT based wireless smart locks.

- We are a DIPPT certified company, and are one of the few indigenous manufacturer of smart locks in India.

- This smart lock is keyless and is controlled through a smartphone using WiFi and Bluetooth. We already have 2 models on the market and are working on the prototype of our new model.

- Our maximum production capacity is 1,000 locks per month, and our current capacity utilization is 40%.

- Have tied up with 6-7 dealers across India to market the products for us and provide installation services.

- We launched the products in late 2019, and have completed over 70 installations across India during the 3-4 months period.

- Have Android and iOS applications with over 100+ installs.

- We currently provide installation for residential clients. Hotels and commercial businesses are our potential clients to target in the future.

- Promoters have more than 20 years of experience in the electronics and IT industry.

- Business-owned assets include machinery and equipment.

- Was featured in Shark Tank India.

- Recipient of the prestigious "Vishwakarma Award" from CIDC (Construction India Development Council), a Central Government entity, for the best technology start-up in the construction sector.

Products & Services Overview

Mortise smart locks with access through RFID, mobile, keys, and fingerprints.

Assets Overview

IP of the product design, assets in factory related to manufacturing, electronics design, stock of raw materials and finished goods.

Facilities Overview

Rented factory space of 2,500 sq ft and rented office space of 2,000 sq ft.

Capitalization Overview

- There are a total of 7 shareholders. Out of 7 shareholders, 6 shareholders are friends and family and one is a strategic investor.

- Total capital is INR 4 Crores. Have taken a loan from bank for INR 35 lakhs bank loan.

- The company has raised investment at a valuation of Rs 11 crores.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
This transaction has concluded. View similar business opportunities on SMERGERS
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.

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more