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.

- 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.

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

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.