Gaming Website Investment Opportunity in Kochi, India
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | Nil |
Run Rate Sales | USD 14.2 thousand |
EBITDA Margin | 20 % |
Industries | Mobile Apps + 1 more |
Locations | Kochi |
Local Time | 7:42 AM Asia / Kolkata |
Listed By | Management Member |
Status | Active |
- We do not launch different applications for every game. All the games are uploaded on our single mobile application and the users can access all of the games post downloading the app.
- Currently, our app offers 3 different games with 8 more under the pipeline which will be launched by the end of the year.
- For now, we only offer our mobile app for Android mobile users. The app is not published on Play Store. Our users must visit our website and directly install the application from there. The iOS version of the app is also under development.
- Our application was launched quite recently and we have received about 25,000 downloads in an extremely short span of time. Daily active users vary between 500 to 1,000 for all the 3 games on our app. The download for the app along with the access to all the games are free.
- We do not use any bots in our games. Users must be connected to the internet while they play and they are matched with another live player with whom they play the game. Users have the option to either compete for free or use their own money to bet on the game they're playing.
- Each user is allotted a digital wallet where they can transfer money directly from their bank accounts.
- Currently, our company generates revenue through one channel only: if there are 5 users in a gaming match and each user contributes INR 100, cumulating to INR 500. Our company takes anywhere between 15 to 25 percent of the INR 500 in a form of a fee, and the remaining is transferred to the winner of the match.
- Since, we have recently begun operations and more games are under development, our company is yet to finalise more details about our revenue model.
- The company is registered in Ernakulam, Kerala. However, our business runs operations from Kochi, Kerala.
- The company requires seed funding to complete the development of 8 more games for their platform and then extensively market and advertise them. Valuation is based on our own estimate.
- This investment opportunity will provide the potential investor with a 5 percent ownership of the entire company which includes the gaming platform with all the games.
- However, we are developing 8 more games which will be launched by the end of this year such as: fantasy football, bowling, chess, pool, car racing, archery, etc.
- Laptops, computers and other tech hardware.
- Furniture and interior fittings.
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Earlier than 15 daysFounder, Media & Marketing, London, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Payment Processing, Surat, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysMarine Engineer, Maritime, Kochi, Individual Investor / Buyer connected with the Business