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Internet of Things Company for Sale in Mumbai, India

AI/ML startup with proprietary products and services with multiple awards, 5-10 big clients.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 180 thousand
Run Rate Sales USD 180 thousand
EBITDA Margin 35 %
Industries Application Software + 1 more
Locations  Mumbai
Local Time 6:37 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 6 million (Native Currency: INR 500,000,000)
Reason: - We have grown to a certain level and now want to exit this business to take care of other business... View More
Includes physical assets worth USD 18 thousand
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Business Overview

- Mumbai-based company with multiple in-house developed software for video and data analytics solutions.

- Have clients across verticals such as retail, manufacturing, consulting, and more.

- Solutions are applicable for verticals like healthcare, realty, retail, energy & utilities, manufacturing, banking and financial institutions, education, hospitality, and mining.

- Also applicable for large infrastructure projects like ports, airports, railways, public places/parks, warehouses, commercial centers, asset management companies, and more.

- Received the Leaders of Tomorrow award from ET India.

- Serving 5-10 big clients with over 1,000 locations.

- We work with the existing CCTV network and integrate our solutions hence the Capex involved is low. Have pre-trained models using more than 1 million images enabling faster deployments globally.

- Company has 2 directors with a 50%-50% share split.

- This is a completely bootstrapped company.

- Revenue is through installation, and subscription licensing which is a recurring service fee.

- We have partnerships with many OEMs.

- We have on-premise, hybrid, and cloud (AWS, Azure, Oracle) options for our solutions.

- Business is built by founders who come with rich experience between 20-25yrs after working in many tier 1 companies in India and abroad.

- Selling model is also enabled through channel partners based out of different geographies.

- Healthy pipeline for good growth.

- Company has no liabilities or loans.

Products & Services Overview

Proprietary AI/ML software for:

- Customer profiling.

- Surveillance & facial recognition.

- Safety & compliance.

- Lead generation.

- Predictions & forecasting.

- Improvisation of operations.

- Improving end customer's experience.

- E-commerce.

- Miscellaneous.

Assets Overview

Assets include servers, high-end graphic cards, laptops, and desktops.

Other assets are software, website and technology.

Facilities Overview

Have a rented office space in Mumbai. Soon moving to a co-working space for more flexibility.

Recent Activity
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1 Buyer contacted this Business this month.
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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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