7.1 / 10
 Bengaluru

IoT and software-based product company with 5 clients seeking investment for a new product.

Key Business Facts
Yearly Sales USD 177 thousand
EBIDTA Margin 30 - 40 %
Industries Application Software
Locations  Bengaluru
Business Overview
- IoT & Software-based product design business located in Bangalore.
- We develop embedded hardware, firmware, software and mechanical design services for our clients.
- We also provide engineering services related to medical, automotive & marine industry for 3 different clients.
- Have a strong experience in product distribution & production support.
- The products are built in-house to match the client's requirements.
- Instrument cluster development is currently in the minimum viable product (MVP) stage.
- Current product is a one-stop IoT solution for Automotive Industry.
- The product is targeted for the farming and construction industry in the initial stage.
- We have a LOI for 10,000 units for the next 3 years.
- The business has made INR 1 crore in 3 months of the current financial year and is expected to generate more despite the ongoing pandemic.
- The revenue generated is only for the services being provided. The new product is expected to generate a much higher level of revenue.
Products & Services Overview
Digital instrument cluster for automobiles, respiratory cough assist device, IoT enabled ventilator, mucus clearance device, HMI design for a marine-based application, and industrial IoT device.
Assets Overview
Furniture, 25 laptops, printers, AC, testing equipment, patent pending, and product prototypes.
Partial Stake Sale
USD 1.58 million for 17.0% stake (Native Currency: INR 150,000,000)
Reason: Funds will be used in further development of the product (digital instrument cluster) and making it ... View More
Includes physical assets worth USD 42 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business or Enquire on WhatsApp