Crypto Company Seeking Loan in Bangalore, India
Opportunity to fund a crypto platform with 300+ B2C customers with high expansion potential.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 470 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | 3 % |
| Industries | Crypto |
| Locations | Bangalore |
| Local Time | 7:07 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
5.8 million
for
8.0%
annual interest,
10
years
(Native Currency: INR 500,000,000)
Reason: The loan will help in the further building of the app.
The app has finished the testing phase and h...
View More
Collateral Available: USD 0
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
ROC-Verification.pdf
(414.1 KB)
Business Overview
- The business operates in the crypto industry.
- The platform will buy crypto in bulk orders and then will let users buy it back from them at a lower price as compared to the other exchanges.
- The location of the business is in Bangalore, a thriving tech hub in India, providing access to a skilled workforce and a supportive business environment.
- The crypto-related product is designed to enable users to purchase crypto at a lower cost, providing a competitive advantage in the market.
- Revenue generation is primarily through platform charges, offering a clear and sustainable business model.
- During the testing phase, the business has shown promising results, with a revenue generation of over INR 4 crore. The beta testing is currently on hold, and the business is not generating any revenue at the moment.
- The B2C segment has already attracted over 300 customers, demonstrating initial market traction and potential for growth.
- The business is in the process of obtaining government approvals, indicating a commitment to compliance and regulatory standards, with an expected go-live date in the next financial year.
- The platform will buy crypto in bulk orders and then will let users buy it back from them at a lower price as compared to the other exchanges.
- The location of the business is in Bangalore, a thriving tech hub in India, providing access to a skilled workforce and a supportive business environment.
- The crypto-related product is designed to enable users to purchase crypto at a lower cost, providing a competitive advantage in the market.
- Revenue generation is primarily through platform charges, offering a clear and sustainable business model.
- During the testing phase, the business has shown promising results, with a revenue generation of over INR 4 crore. The beta testing is currently on hold, and the business is not generating any revenue at the moment.
- The B2C segment has already attracted over 300 customers, demonstrating initial market traction and potential for growth.
- The business is in the process of obtaining government approvals, indicating a commitment to compliance and regulatory standards, with an expected go-live date in the next financial year.
Products & Services Overview
An online platform to let users buy crypto at the lowest prices possible.
Assets Overview
The business currently does not have any physical assets.
Facilities Overview
The business operates from a rented office near Whitefield in Bangalore.
Capitalization Overview
The business is funded by the 2 shareholders holding 96% and 4%.The business is completely debt-free.
Recent Activity
-
Earlier than 15 daysBusiness Head, Equity Funding | Mergers And Acquisitions | NPA Resolutions., Mumbai, Corporate Investor / Buyer connected with the Business
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