Internet of Things Company Seeking Loan in Bangalore, India
IoT and AI solutions company with 7 key clients across India, seeking funding for expansion.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 11.7 thousand |
| Run Rate Sales | USD 35 thousand |
| EBITDA Margin | 30 % |
| Industries | Internet of Things |
| Locations | Bangalore |
| Local Time | 5:52 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
47 thousand
for
10.0%
annual interest,
2
years
(Native Currency: INR 4,000,000)
Reason: Seeking investment for completion of the projects and expansion of clientele.
Collateral Available: USD 0
Includes physical assets worth
USD
11.7 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(337.2 KB)
Business Overview
- The company specializes in delivering cutting-edge software solutions by leveraging emerging technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) to drive innovation and operational efficiency.
- The business has established a diverse client base, serving 7 notable clients across India, including prestigious organizations like Indian Railways, Mahindra Logistics, Samsung, and Tata Advanced Systems.
- Works on an average of 7 projects undertaken annually.
- Each project typically spans an average duration of 6 months, with an average project value of INR 10 lakhs.
- Certified with ISO standards and holds start-up certifications.
- The business needs 15 permanent employees to run the operations, employed across admin, management, marketing, development and testing.
- The company is dedicated to empowering businesses and individuals through innovative software solutions, aimed at bridging the gap between technology and human needs by creating websites, mobile apps, and cutting-edge edge solutions for loT while contributing positively to the advancement of technology.
- The business has established a diverse client base, serving 7 notable clients across India, including prestigious organizations like Indian Railways, Mahindra Logistics, Samsung, and Tata Advanced Systems.
- Works on an average of 7 projects undertaken annually.
- Each project typically spans an average duration of 6 months, with an average project value of INR 10 lakhs.
- Certified with ISO standards and holds start-up certifications.
- The business needs 15 permanent employees to run the operations, employed across admin, management, marketing, development and testing.
- The company is dedicated to empowering businesses and individuals through innovative software solutions, aimed at bridging the gap between technology and human needs by creating websites, mobile apps, and cutting-edge edge solutions for loT while contributing positively to the advancement of technology.
Products & Services Overview
Services include:- IoT device firmware: Powers industrial devices, enabling data collection, communication, and control for enhanced automation.
- Device integration: Connecting devices for IoT-enabled communication, enhancing function, data sharing, and automation.
- Cloud application: Internet-hosted software accessible from various devices, eliminating the need for local installation.
- Infrastructure management: Supervising essential physical and virtual resources for smooth operations, including IT, networks, and facilities.
The top selling is IoT device firmware.
Clients are mainly based in enterprise, transportation, manufacturing and logistics industries.
Assets Overview
Physical assets include office furniture, computers, laptops and servers.
Facilities Overview
Operating from a rented office space of 3,000 sq ft, located in Electronic City, Bangalore.The rent is INR 50k per month.
Capitalization Overview
Business is bootstrapped.No outstanding loans.
There are 2 owners in the business.
Recent Activity
-
Earlier than 15 daysCo Founder And CEO, Information Technology & Services, Bangalore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysConsultant, Technology Development And Resourcing Solutions, Hyderabad, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Pune, M&A Advisor connected with the Business
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