Internet of Things Startup Seeking Loan in Gurgaon, India
Businesses seeking a loan for operations, focusing on smart-energy management solutions, targeting retail and restaurants.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Internet of Things |
| Locations | Gurgaon |
| Local Time | 2:17 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
68 thousand
for
10.0%
annual interest,
3
years
(Native Currency: INR 6,000,000)
Reason: The business is seeking a loan to be able to start its operations.
The loan will help the business ...
View More
Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
1. The company is currently in the pre-revenue stage, with proof of concept (POC) and software development in progress. Hardware testing and dashboard trials are ongoing, indicating progress towards product readiness.
2. The business is focused on smart energy management solutions for retail and restaurants, leveraging IoT devices to optimize energy usage. This target market aligns with the company's goal to address energy efficiency needs in sectors such as restaurants and small hospitals.
3. The company's strategic plan includes the development of an AI system to analyze and optimize energy usage patterns of various appliances. This technology, coupled with their IoT hardware devices, positions the company at the forefront of energy efficiency solutions.
4. With potential energy savings ranging from 12% to 20%, the company's products offer a compelling value proposition to potential customers, enhancing their competitiveness in the market.
5. The company plans to outsource manufacturing, allowing it to focus on core competencies such as technology innovation and business development while leveraging external expertise for production.
2. The business is focused on smart energy management solutions for retail and restaurants, leveraging IoT devices to optimize energy usage. This target market aligns with the company's goal to address energy efficiency needs in sectors such as restaurants and small hospitals.
3. The company's strategic plan includes the development of an AI system to analyze and optimize energy usage patterns of various appliances. This technology, coupled with their IoT hardware devices, positions the company at the forefront of energy efficiency solutions.
4. With potential energy savings ranging from 12% to 20%, the company's products offer a compelling value proposition to potential customers, enhancing their competitiveness in the market.
5. The company plans to outsource manufacturing, allowing it to focus on core competencies such as technology innovation and business development while leveraging external expertise for production.
Products & Services Overview
IoT nodes and edge gateways and complete business solutions.After the launch, the business' major clients will be restaurants, small hotels and small hospitals.
The manufacturing of the hardware for the product will be outsourced, while the business will operate with in-house software.
Assets Overview
The business does not have any physical assets or an office set-up.
Facilities Overview
The owners are operating from their homes and do not have an office set up yet.The business is registered in New Delhi, but the operations and office will be set-up in Gurgaon.
Capitalization Overview
The business currently has 2 holders holding the 60% and 40% split.The business is self-financed and does not have any debts.
Recent Activity
-
Earlier than 15 daysCEO, Electronics Installation Services, Delhi, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Hardware And Software, Gurgaon, Individual Investor / Buyer connected with the Business
Tags:
Internet of Things Startup Seeking Loan in Gurgaon, India
·Home Automation Startup Seeking Loan in Gurgaon, India
·Lend to Internet of Things Startup in Gurgaon, India
·Lend to Home Automation Startup in Gurgaon, India
·IoT Startup Seeking Loan in Gurgaon, India
·Internet of Things Startup Seeking Loan
·Lend to IoT Startup in Gurgaon, India
·Home Automation Startup Seeking Loan
·Lend to Internet of Things Startup
·Lend to Home Automation Startup
·IoT Startup Seeking Loan
·Lend to IoT Startup
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
2 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,000+ other businesses of all sizes.
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