Internet of Things Company Investment Opportunity in Coimbatore, India
Startup company manufacturing IoT based smart lock, seeking funds for promotions and marketing expenses.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Internet of Things |
| Locations | Coimbatore |
| Local Time | 11:35 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
360 thousand
for
20.0%
stake
(Native Currency: INR 30,000,000)
Reason: For increasing our production capacity, marketing and promotional expenses.
Includes physical assets worth
USD
60 thousand
Interested to connect with advisors
Documents
Business Overview
- Our company was incorporated in 2018, and we have developed a wireless smart lock product which is market ready.
- This smart lock is keyless, controlled through smartphone using WiFi and bluetooth. Prototypes and first batch of production is already completed.
- Marketing is done using both B2B and B2C models. B2B model would essentially target builders and apartments. B2C channels would involve promoting our product through retail advertising.
- Promoters have more than 18 years experience in electronics and IT and are currently focusing on getting the product out in the market.
Products & Services Overview
Smart Locks of different models.
Facilities Overview
Rental factory space of 3,000 Sq. Ft. and admin office of 2,000 Sq. Ft.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director, Precision Component, Chennai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysSpecialist, Industrial Engineering, Coimbatore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector & Founder, Mumbai, Financial Consultant connected with the Business
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