Internet of Things Company Investment Opportunity in Hyderabad, India

- 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.