8.1 / 10
 Bengaluru

Company that designs and builds data storage, protection and disposal solutions seeks funds for expansion & development.

Key Business Facts
Yearly Sales USD 470 thousand
EBIDTA Margin 10 - 20 %
Industries Enterprise Software
Locations  Bengaluru
Business Overview
- We are one of the few Indian companies that designs and builds data storage solutions in India.
- India is a large market for data storage that is serviced mainly by imports. We focus on a 'Build-for-India' strategy to cater to the local market.
- Company has been completely bootstrapped using a legacy revenue stream from trading a third party product and system integration of it.
- Our legacy business was carried over to this company and it involved resale of a data elimination and disposal product.
- Have over 50-60 customers for this product that we serve pan India.
- We have now built our own basic data storage platform initial customer validation of private sector and government.
- For this product we have 15-20 customers and are mainly focused on South India, particularly Bangalore.
- Our revenue typically involves a purchase by the client for on-premise installation followed by ongoing service and maintenance fees.
- Promoter has more than 20 years of experience in the data solutions industry.
- Decline in revenue has been due to the lockdown of business but the recovery phase has already started.
Products & Services Overview
We have designed and developed our own platform for data storage, backup and replication as a fully integrated appliance or as software defined storage. Also resale third party products and services for secure end of life data elimination and disposal.
Assets Overview
Servers, office equipment, equipment for lease, stock-in-trade.
Partial Stake Sale
USD 280 thousand for 30.0% stake (Native Currency: INR 25,000,000)
Reason: Require funds to expand engineering & support team for next phase of product development. Also requi... View More
Includes physical assets worth USD 11 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business or Enquire on WhatsApp