Internet of Things Company Investment Opportunity in Hyderabad, India

IT company that successfully completed 130 projects, seeking funds to develop an innovative safety product.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 57 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 10 - 20 %
Industries Web & Mobile Development + 1 more
Locations  Hyderabad
Local Time 7:42 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 70 thousand for 20.0% stake (Native Currency: INR 5,000,000)
Reason: The investment will be exclusively used to develop the new product since it is in its proof of conce... View More
Includes physical assets worth USD 7 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Hyderabad based firm offering web & mobile application development services, seeks capital to develop an innovative physical safety product for use by the general public.

- The product is still in the proof of concept stage and will be a wearable hardware gadget with a software interface which will be a mobile application. Both the hardware and software are yet to be developed. If the user is in a dangerous situation, they could send a distress signal through the mobile application which will be received by emergency services including law enforcement and other users of the product. System will communicate through a P2P internet network and will not rely on GPS / GPRS / GSM technology nor will it require a SIM card. The product will interface with a network of drones which will help emergency responders in accurately pinpointing the source of the distress signal.

- Have hired 7 employees out of which 4 employees are involved in the IT services vertical of the business which at present contribute 100% of the firm's revenue while the remaining are involved in product development.

- As part of our IT service offerings, we have completed over 130 projects so far and we receive 5-6 new projects per month on average.

- The average price of a project depends on its duration which can range from 1 to 6 months.

- Have served over 100 clients so far out out of which projects for 14 clients are ongoing.

- Some of ours clients include Continental Coffee, Great Place to Work, and Home High-School Health.

- Acquire new projects through social media marketing.

- Recently, the business has experienced a surge in revenue due to increased order volumes during the COVID -19 pandemic.

- The promoters have more than 2 decades of experience in the information technology industry.

Products & Services Overview

- Offer IT services which include web solutions (. NET, Java, E-commerce, PHP, Laravel, Angular and Web development), app development (iOS, Android, Ionic, React Native, IoT, Hybrid), machine learning and artificial intelligence solutions, location based services, IoT solutions, enterprise solutions and cloud integration solutions.

- The organisation is currently at proof of concept stage for developing an innovative physical safety product for use by the general public.

Assets Overview

Computers, servers, chairs, tables, laptops, software, and licenses.

Facilities Overview

Co-working space occupying 8 seats and paying INR 5,000 per seat for a total rent of INR 40,000. The business has already paid a deposit of INR 90,000 that also includes the maintenance charge.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more