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Maid Services Company Investment Opportunity in New Delhi, India

Company that verifies, trains, and employs domestic workers in customers' homes on a subscription basis.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 1 - 2 million
Run Rate Sales USD 1.38 million
EBITDA Margin 32 %
Industries Maid Services
Locations  New Delhi
Local Time 11:43 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 1.2 million for 22.0% stake (Native Currency: INR 100,000,000)
Reason: The company's ultimate objective is to replace the term 'domestic worker' with 'their brand name' ie... View More
Includes physical assets worth USD 1.2 thousand
Documents
Business Overview
Lead investor onboard and investors already secured 60% of the current round i. e. for INR 6 crore.
1. Offline and online training for workers, because of which they get a 3x jump in salaries (from 8-9k/month on an average, the company gives them 22-30k/month)
2. Health insurance, term plan, free health check-ups, zero-interest loans, savings plans, and multiple jobs for its workers - more than 44,000 registered workers.
3. An app/web-based staffing and management solution for its customers, with an NPS of ~60.
4. 100% digital payments, more than 16,000 workers and customer app downloads, and more than 2,000 active customers.
5. Business has a subscription-based revenue model.
Products & Services Overview
The company's services include manpower for-
A. Cooks/chefs.
B. Housekeepers.
C. Babysitters/Japa maids.
D. All-rounders.
E. Full-time (24 hrs live-in) workers.
Assets Overview
Physical assets include office furniture, laptops, printers, and hardware.
Intangible assets include software and goodwill.
Facilities Overview
The company has a small rented office space in North Delhi.
Capitalization Overview
No debts or loans. Funded by 2 am VC, 100x. VC and other angel investors to date.
Currently raising a round of INR 10 crore of which INR 5 crore is committed.
The company has a total of 6 shareholders. 3 are founders and 3 investors. The founders have 70% of the stake and investors have 30%.
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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