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Gaming Website Investment Opportunity in Jaipur, India

Trending and one of India's fastest growing fantasy sports application with 1.5 lakh downloads.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 120 thousand
Run Rate Sales USD 230 thousand
EBITDA Margin 30 %
Industries Mobile Apps + 1 more
Locations  Jaipur
Local Time 6:04 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 260 thousand for 20.0% stake (Native Currency: INR 20,000,000)
Reason: Need to expand marketing of the application bringing it to various platforms like TV commercials. Ba... View More
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
Documents
Business Overview

- Offer online fantasy league matches in cricket. Cricket is the more popular match format. Have an Android application as well. Application has other games integrated like soccer, kabaddi and hockey.

- A well known Hindi movie celebrity is the ambassador of the app.

- Application is trending in India and founders have invested heavily in marketing. Main USP is that we offer a higher cash bonus as compared to other apps.

- Featured on various publications and websites.

- Have over 150,000 registered users on the platform within six months. Receive over 500-700 new users every day without any marketing.

- Well established and secure backend and high end server architecture with premium domain.

- Various TVC’s featured on Hotstar and other platforms.

- Best of the marketing strategies are implemented and we will share all the marketing and revenue generation plans and future strategies with the buyer.

- More than 500k users connected through Instagram, Facebook and other social media platforms.

- Well trained team and highly skilled in house developers.

- Matches and competitions are based on real-time cricket and soccer matches happening around the world. User is notified about the playing 11 before the match begins so that they can update and format their team accordingly.

- User registration is free. A minimum of INR 200 is required to be present in the account to withdraw winnings.

- Have an inbuilt API that provides real-time data and it is synced with platforms. Scores are updated after every over in the case of cricket. In the case of football, it is updated every 2 minutes.

- Each match has over 46-50 competitions. The number of players that can apply for each competition within the current match varies. The larger the number of players, the greater the reward pool. Winnings are distributed after 10% - 20% commission has been charged by the company as compensation for hosting the fantasy match.

Products & Services Overview

Fantasy cricket matches. Many other games are integrated but not yet launched. Cricket is the main USP.

Assets Overview

High end Android application and IOS application.

Website (Front end and highly secured backend and ultra architected amazon server includes premium domains, CDN, SSL etc. )

Contract with a Bollywood celebrity for 1 year.

High end TV commercials, (9 commercials) shot on ARRI XT (film camera)

Computers and other similar office assets.

Trademark and copyrights.

All legal formalities and documents required for fantasy sports.

Facilities Overview

2,200 square feet property on lease. Paying a monthly rent of INR 86,000. Duration of the agreement is five years.

Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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