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Gaming Website Seeking Loan in Kalaburagi, India

Company plans to start a fantasy sports platform to offer cricket, football, kabaddi gaming options to users.
This transaction has concluded.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  Kalaburagi
Local Time 11:57 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 3.6 thousand for 12.0% annual interest, 2 years (Native Currency: INR 300,000)
Reason: We have all our apps ready to launch. We need funds to launch our mobile app, for marketing and prom... View More
Collateral Available: USD 1.8 thousand
Includes physical assets worth USD 1.8 thousand
Documents
Business Overview

- Company has developed a mobile app which includes cricket, football, kabaddi fantasy games for Android and iOS platforms.

- The mobile app is ready with on-going final testing and will be launched in a month's time.

- Users will be able to create a virtual player team and register for different gaming contests.

- We would generate revenue by charging an entry fee from the contestants and the winner would get a cash price at the end.

- We expect a user base of more than 1 lakh within 2 months of launch with an expected EBITDA positive revenue of INR 10 million in 2 years.

- In India, we have over 2 crore fantasy sports players who enjoy these services and this number is increasing every year.

- Company has a staff of 6 who are best in their respective fields like technology, marketing, promotion, development.

- Promoter has previously worked in this field and has more than 4 years of experience.

- Physical assets include computers, laptops and furniture.

Products & Services Overview

We have developed a mobile app with Cricket, Football, Kabaddi games for Android and iOS. The app would be launched soon.

Facilities Overview

Working from a rented single floor office space of 1,200 sq ft with a monthly rental INR 10,000.

Capitalization Overview
Not Disclosed
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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