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Internet of Things Company Investment Opportunity in Doha, Qatar

Business offering innovative, integrated home automation IoT solutions having a client base of over 10,000.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 110 thousand
Run Rate Sales USD 164 thousand
EBITDA Margin Nil
Industries Internet of Things
Locations  Doha
Local Time 7:56 AM Asia / Qatar
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 980 thousand for 50.0% stake (Native Currency: QAR 3,575,000)
Reason: Inventory Stocking: Ensuring adequate stock levels to meet increasing customer demand and reduce lea... View More
Includes physical assets worth USD 960 thousand
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Business Overview
- We give for contract manufacturing and then sell them under our own brand.
- We serve a strong client base in Qatar, including over 10,000 homeowners, property developers, and tech enthusiasts.
- The business generates revenue through product sales and provides smart home advisory, design, and maintenance services.
- Backed by promoters with over 20 years of experience in the home automation and IoT industries, we have established partnerships with major retailers like LuLu Group and various property developers.
- The app has over 10,000 downloads, and the company holds BIS certification for high product quality and safety.
- The promoter is working in Doha but the business has offices in India as well.
- Stake will be diluted in the GCC entity and the financials mentioned are for the same.
Products & Services Overview
Top-selling products and services include smart lighting systems, security cameras, smart thermostats, and home automation hubs. These products are primarily used by homeowners and tech enthusiasts who seek to enhance their living spaces with convenience, safety, and energy efficiency. Customers use these products to control lighting and temperature remotely, monitor their homes in real-time for security, and automate various home functions for improved comfort and energy savings.
Assets Overview
Tangible:
Stock worth QAR 3.2 million, and office equipment.
Intangible Assets:
Brand Recognition and Goodwill:
Recognized brand among smart home enthusiasts.
Product Sales:
Over 20,000 products sold.
App:
App for smart home management with marketing and B2B functionalities.
Intellectual Property:
Trademark, BIS certification, mobile app, Logo.
Marketing and Sales Experience:
Expert team and founders with 5 years of experience.
Retail Presence:
Sales in Lulu and Qatar malls, with dedicated branding.
Online Platform Listings:
Products listed on more than a dozen third-party platforms.
E-commerce and Website:
Sales through the company website and listed on Amazon.
Social Media and Digital Presence:
Active on Instagram, YouTube, Facebook, with hundreds of posts.
Factory Contracts:
Contracts with 20 factories.
Supply Chain and Installation Partners:
Supply chain efficiency and installation services.
Completed Projects:
100 smart home projects completed.
Bidding Experience:
Experience in competitive bidding.
BIS Approved Products:
Product safety and credibility.
App Users:
10,000 users on the app.
Back Office Applications:
Established accounting software, CRM, customer data, IoT monitoring platform.
User Data & Analytics:
Extensive customer user data and usage statistics for IoT devices.
Operational Efficiency Tools:
Tools for optimizing operational tasks and customer service.
Facilities Overview
We have special counters in LuLu Group Connect retail stores and several other retailers across Qatar through strategic partnerships. Additionally, we have strong engagements with supply chain partners and established working relationships with factories for contract manufacturing, ensuring the seamless production and delivery of our high-quality product.
The stocking room in Doha is located in the center of the city. It is rented.
Capitalization Overview
Presently funded entirely through internal resources and is fully bootstrapped. The business has no outstanding debts or loans. The company is owned by four founding directors, each holding equal share.
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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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