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Edutech Startup Seeking Loan in Surat, India

Growing edtech startup with experienced owners & postgraduate tutors seeking business loan to launch website.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales Nil
Run Rate Sales USD 7.2 thousand
EBITDA Margin 40 %
Industries Edutech
Locations  Surat
Local Time 2:37 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 8.4 thousand for 10.0% annual interest, 5 years (Native Currency: INR 700,000)
Reason: The owner required funds for website development purposes and the growth of the business.
Collateral Available: USD 600
Includes physical assets worth USD 1.2 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview
• Our company is an education technology startup located in Surat with 2 employees and a growth rate of 30%.
• We provide services that include solving any question or doing assignments for students. Each assignment costs 15 to 20 dollars.
• Our owner has a lot of experience in the field as he was a tutor himself and has hired 10 to 15 Indian tutors with a postgraduate degree for the business.
• We currently have 50 students who avail our services regularly through telegram at the moment as we have not been able to create a website yet. We started providing services in the month of July.
• Our company wants to delve into the AI sector in the future and currently we are promoting our business through telegram.
• The unique selling point of our company is that we have limited competitors and in this market, our subscription plans or amount per assignment is lower than other businesses.
• Presently our website is in development mode and we need the funding to better our website and launch it in the market.
Products & Services Overview
Our top-selling services include solving any type of assignment, & question-solving, and we provide live sessions for the same. The services are generally availed by students across the globe.
Assets Overview
Tangible assets include laptops & servers and a technical team.
Intangible assets include Udyam Registration, and Trademark.
Facilities Overview
There is no facility built-up area as the business requires a work-from-home setup.
Capitalization Overview
The business is completely bootstrapped in a general partnership with 2 shareholders holding a 50% stake each and currently the business does not have any outstanding debts or loans attached to it.
Recent Activity
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2 Investors already contacted this Business. Register below to connect now!
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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