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Crypto Company Investment Opportunity in Bangalore, India

Crypto trading platform offering 2 products and has 2,000+ users is seeking equity capital.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 30 thousand
EBITDA Margin Operating at loss
Industries Crypto
Locations  Bangalore
Local Time 8:46 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 1.2 million for 20.0% stake (Native Currency: INR 100,000,000)
Reason: The capital raised will be utilized for the following: 37% will be used for hiring great engineers ... View More
Includes physical assets worth USD 2.4 thousand
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Business Overview

- Our business is a crypto trading platform that offers 2 products which are, buying and selling of crypto assets and earning up to 17% APY interest on crypto assets.

- Currently, we have more than 700 users, with 1.5k+ app downloads, which has grown 15 times in the last 6 months.

- Our revenue model is to charge 3% commission on the amount initially invested in crypto assets and 0.6% on each transaction done by users.

- Company is generating losses at the moment as we are in the initial phase, our business has recently started its operations and we have expenses for marketing, and development at the moment. The expenses are borne by the co-founders.

- The application is developed and maintained by an in-house team.

- Business has 3 directors, one of the founders have previously worked at Flipkart, and studied at IIT BHU, and the other director has work experience in companies like upGrad, and Yes Bank and has studied at IIM Ahmedabad.

- We have forged partnerships with multiple players in the industry, Okx-world’s 3rd largest exchange, Fireblocks-world’s largest digital asset custodian solution provider, valued at $9 billion.

Products & Services Overview

Crypto trading platform offering two products currently that are buying and selling of crypto assets, and earning interest on crypto assets.

Assets Overview

Minimal pyshical assets, business owns intangible assets: IP of the exchange and the asset management business.

Facilities Overview

We have a rental office which is provided by a co-working rental services. We pay a monthly rent of INR 15,000.

Capitalization Overview
Not Disclosed
Recent Activity
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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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