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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 12:28 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
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
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Business Name
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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.
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
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2 Investors already contacted this Business. Register below to connect now!
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.
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