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Mobile App Equity Stake For Sale in Mysore, India

Company that has an organized logistic eco-system achieved through digitization, seeks investment.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 8 - 9 thousand
Run Rate Sales USD 75 thousand
EBITDA Margin 0 - 10 %
Industries Trucking + 1 more
Locations  Mysore
Local Time 3:47 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.05 million for 15.0% stake (Native Currency: INR 100,000,000)
Reason: 10% of funds will be used for employee salary, buying / leasing vehicle, 50% will be used to manage ... View More
Includes physical assets worth USD 73 thousand
Interested to connect with advisors
Documents
Business Overview
- Company has been working on this model since 3.5+ years and we have developed a product and working on real time field testing.
- Platform which serves as customer app from 0.75 tonnage till 40 tonnage.
- Extending from micro to parcel services.
- Successfully served Mysuru and Bangalore customers - Received 200+ customers, INR 60 lakh transaction having 17+ own fleet.
- Initial fund raised through 23 members is INR 2.29 crore giving shares INR 200/- per share based on the initial valuation.
- Fund develop platform, branding and purchase of our own fleet.
- We have 10 promoters who believe in rural entrepreneurship and have 5 to 35+ years of experience in technology, business, and promotional background.
Products & Services Overview
Serving to aggregate customers booking micro, macro, and parcel trips, a franchise application to serve to connect franchises planning across Tier 1 to Tier 3 cities. OLS virtual university developed launching first certificate course from August to develop skill development. Planning to establish product technology, parking loT and services solutions in logistics.
Assets Overview
10 Jeeto vehicle, 1 Partner vehicle, 2 Bolero pickup, and 4 Supro vehicle.
Facilities Overview
Office taken on rent which can accommodate 30 employees.
Capitalization Overview
Not Disclosed
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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