Consumer Electronics Company Investment Opportunity in Erode, India
IoT based smart electronics and locks manufacturing company seeks investment to develop new products.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 98 thousand |
| EBITDA Margin | 21 % |
| Industries | Consumer Electronics + 1 more |
| Locations | Erode |
| Local Time | 5:01 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
174 thousand
for
25.0%
stake
(Native Currency: INR 15,000,000)
Reason: - To develop and launch 5-10 new IoT based smart products and home automation devices.
- We recentl...
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Includes physical assets worth
USD
52 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(61.0 KB)
Business Overview
- Start-up company in Erode specializing in the manufacturing of smart electronics and locks.
- Company has an in-house R&D team, mechanical testing team, design team, software development team in place.
- Promoter has invested more than INR 1.2 cr capital and 1.5 years of research to develop the existing device.
- Till now we have manufactured 300 locks and sold 250 pieces.
- Each lock is sold for INR 6-7K.
- Products are sold via our own website and on Amazon.
- We have the capacity to produce 10 units per day.
- We are getting enquiry for B2B sales and distribution.
- Mobile app has over 100 downloads on Google Play Store with 4.5+ star ratings.
- Company has an in-house R&D team, mechanical testing team, design team, software development team in place.
- Promoter has invested more than INR 1.2 cr capital and 1.5 years of research to develop the existing device.
- Till now we have manufactured 300 locks and sold 250 pieces.
- Each lock is sold for INR 6-7K.
- Products are sold via our own website and on Amazon.
- We have the capacity to produce 10 units per day.
- We are getting enquiry for B2B sales and distribution.
- Mobile app has over 100 downloads on Google Play Store with 4.5+ star ratings.
Products & Services Overview
- Smart electronics lock for homes and businesses.- Planning to launch new IoT based smart home automation devices.
Assets Overview
Moulds cost INR 15 lakh, assembly set-up costs INR 22 lakh, remaining asset value is of tools, inventory and other related things.
Facilities Overview
Family-owned space with office, manufacturing, research and development units,
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysPartner, Electronics, Electrical Equipment And Automation, Durgapur, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Food Products, Erode, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCo-Founder, E-Learning, Bengaluru, Corporate Investor / Buyer connected with the Business
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