Edutech Company Investment Opportunity in Mumbai, India
Established | 5-10 year(s) |
Employees | < 2 |
Legal Entity | Private Limited Company |
Reported Sales | USD 1.18 thousand |
Run Rate Sales | Nil |
EBITDA Margin | Operating at loss |
Industries | Edutech |
Locations | Mumbai |
Local Time | 5:56 AM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Moderately Active |
- Expected EBITDA margin on the product is 25 to 30%.
- Have an inventory of physical worksheets that is worth INR 14,00,000.
- Have 5 applications that are in the final stages of development (almost ready to launch). We have applied for a patent.
- The target audience for the product is primary and upper primary students. Have sold over 100 physical worksheets so far.
- Currently in the development phase of new types of physical worksheets that are focused on providing a blended practice framework. The products are in a working prototype stage.
- Have 2 SKUs for our physical worksheets. Sell our products through Amazon. We have not monetized the applications yet but plan on doing so in the future.
- Have a channel on YouTube where we actively promote our products and its functionality. We implement the use of animations to make our videos attractive.
- Have hired a team of 8 developers and animators. Employees are compensated on the basis of sweat equity. We are planning to put them on the company payroll once the product gains traction.
- Product has generated a lot of interest overseas from the European and US markets. Professors from prestigious institutions such as Harvard University have expressed interest.
- We have undertaken a loan of INR 2.5 lakh and are pay an interest of 15%. Total investment into the business is INR 1.1 crore (INR 30 lakh out of this is sweat equity).
- Business was mentioned in the 20 most innovative companies' list by CIOReview.
- Owner has over 26 years of experience in the IT industry.
Have launched 2 apps on the Google Play Store.
Rented warehouse with an area of 1,000 square feet. Paying a monthly rent of INR 11,000.
Have paid a deposit of INR 50,000 on both of the properties (INR 1,00,000 totally).
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Earlier than 15 daysPartner, Business Advisory, Mumbai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Development, Mumbai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business