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Enterprise Software Company Investment Opportunity in Colombo, Sri Lanka

Fully integrated social media platform and software development company, seeks investment for development.

Established 1-5 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 260 thousand
Run Rate Sales USD 300 thousand
EBITDA Margin 35 %
Industries Enterprise Software + 1 more
Locations  Colombo
Local Time 9:36 PM Asia / Colombo
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Investment
USD 2.5 million for 20.0% stake (Native Currency: LKR 500,000,000)
Reason: We seeks funds for: - Server capacity expansion. - Attract highly talented developers. - Sales an... View More
Includes physical assets worth USD 350 thousand
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Business Overview

- Business has two functioning divisions; social media platform and software development services.

- We have a fully integrated social media platform with 500,000+ registered users of which 200,000+ are daily active users. There are users from all the countries but most are located in Sri Lanka.

- Total social media posts by users have reached 1.5 million. Around 15,000+ pages and 4,000+ groups have been created.

- Businesses put up advertisements for their products and services on the same platform.

- Social media is used free of cost. However, the ads are charged a fixed rate based on the time period and visibility.

- We are also in the process to develop an eCommerce platform on the same lines for buying and selling products for business and for freelancers to sell their services. All these services will be chargeable.

- The development of our own digital wallet is also in pipeline.

- Under the same brand name, we also provide IT solutions for systems, software, and website development.

- We have 10 current clients and revenue is earned on a project basis.

- Seeking an investment for the umbrella company to fuel both the businesses as they are correlated.

Products & Services Overview

- Social media services with a paid ad platform for businesses.

- Software development, ERP systems and website development.

Assets Overview

- Premium office infrastructure, furniture, desktops, laptops and vehicles.

- Our website and the software we have developed are our main asset.

Facilities Overview

We have leased 2 floored office of 4,000 sq. ft. on each floor. The lease contract is for 5 years and is renewable.

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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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