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Manpower Supply Company Investment Opportunity in Mumbai, India

Company transitioning from IT services to a community labor app seeks a partial stake sale.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 55 thousand
Run Rate Sales Nil
EBITDA Margin Operating at loss
Industries Mobile Apps + 1 more
Locations  Mumbai
Local Time 9:27 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 115 thousand for 20.0% stake (Native Currency: INR 10,000,000)
Reason: We are seeking investment as our business, which initially focused on IT services, is now transition... View More
Includes physical assets worth USD 2.08 thousand
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Business Overview
- Founded over 9 years ago, this technology company has transitioned from offering IT services like ERP and CRM solutions to focusing on a new innovative product.
- Originally serving over 300 corporate clients with services ranging from mobile app and website development to touch kiosk technology for prestigious clients like SBI Bank.
- The company's new direction is a digital platform aiming to connect maids, housekeepers, and daily wage workers with individuals and businesses requiring short-term or daily labor.
- The platform includes a secure wallet system to facilitate authentic transactions between urban and rural customers and service providers, enhancing reliability and security in financial dealings.
- The company is led by a promoter with 13 years of industry experience and a track record of serving international clients, including South Africa’s healthcare sector, ensuring competent leadership and global expertise.
- With a small team of 8 dedicated employees, the business emphasizes personalized service and rapid innovation, positioning it well for scaling its new product offering in the labor market sector.
- This venture presents an appealing opportunity for investors interested in technological solutions with social impact, as it addresses the genuine needs of blue-collar workers and urban residents alike.
- The monthly sales figures are currently unavailable as we have temporarily paused our services to focus on the development of our new product. While the business is not operating at a loss, the suspension of previous operations has resulted in no EBITDA being generated during this period.
Products & Services Overview
Our most in-demand services previously included IT solutions such as ERP and CRM systems that we used to develop for our corporate clients from different industries.
Assets Overview
We possess tangible assets including 12 laptops, along with key registrations and certifications such as GST, an MCA certificate, and recognition under the Startup India initiative.
Facilities Overview
We operate from a 300 sq. ft. office space with a monthly rental cost of INR 35,000.
Capitalization Overview
We are two equal shareholders, each holding a 50% stake. The business is entirely self-funded with no external loans or liabilities.
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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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