Mobile App for Sale in Panipat, India
Online app facilitating the buying and selling of digital gold and digital silver.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 1.15 million |
| Run Rate Sales | USD 1.9 million |
| EBITDA Margin | 3 % |
| Industries | Mobile Apps |
| Locations | Panipat |
| Local Time | 6:52 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
630 thousand
(Native Currency: INR 60,000,000)
Reason: The owner is seeking a strategic investor or buyer with the capital, supply chain capabilities, and ...
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Business Name
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User Verification
Documents
Terms and conditions for the app
(39.3 KB)
Digital silver page
(30.9 KB)
Investment set-up page
(31.1 KB)
Digital gold page
(30.1 KB)
Welcome page
(40.6 KB)
Business Overview
The business started it's operation 3 years ago and has achieved over 150,000 app downloads and serves 35,000 active users. Its revenue model is based on a 3% commission earned on customer purchases of digital gold and silver.
The promoters are U. S. educated professionals with prior experience at Amazon, NVIDIA, and in private equity, bringing a strong blend of technology, finance, and operational expertise.
The Company has established all key commercial and strategic relationships required to operate the business. These relationships are expected to be transferable to an acquirer, enabling a smooth transition of operations following a transaction.
Currently the business receives about 6,000 to 10,000 new customers every month.
There are 4 employees in the business, 3 of the employees are software engineers and one of them is the product manager and head of operations. Without any physical office, the only expense is the salaries paid to the employees. Any additional works are carried out by hiring an intern.
This is a highly cyclical business. For example, we are expecting upwards of Rs. 3-4 crore in monthly sales in September, October and November since it’s the festive season and peak gold buying time. On the other hand, the middle of the summer like now (June and July) is the leanest season.
The promoters are U. S. educated professionals with prior experience at Amazon, NVIDIA, and in private equity, bringing a strong blend of technology, finance, and operational expertise.
The Company has established all key commercial and strategic relationships required to operate the business. These relationships are expected to be transferable to an acquirer, enabling a smooth transition of operations following a transaction.
Currently the business receives about 6,000 to 10,000 new customers every month.
There are 4 employees in the business, 3 of the employees are software engineers and one of them is the product manager and head of operations. Without any physical office, the only expense is the salaries paid to the employees. Any additional works are carried out by hiring an intern.
This is a highly cyclical business. For example, we are expecting upwards of Rs. 3-4 crore in monthly sales in September, October and November since it’s the festive season and peak gold buying time. On the other hand, the middle of the summer like now (June and July) is the leanest season.
Products & Services Overview
Digital gold and silver SIPs, lump-sum purchases, and physical coin redemptions are the company's primary offerings.
Assets Overview
There are no tangible assets in the business.The Intangible assets include the app, the website, the incorporation certificate and the NISM 5 A certificate as log as the owner is part of the business, as the certificate is registered under the name of the owner.
Facilities Overview
We are a tech forward business and presently operate virtually without any physical office space.
Capitalization Overview
The Company has raised ₹2 crore in equity funding from friends and family investors in exchange for a 5% ownership stake. The Company has no outstanding loans, borrowings, or debt obligations.The current shareholding structure comprises 5% held by friends and family investors, with the remaining 95% owned equally by the three co-founders, each holding 31.67% of the Company's equity.
Recent Activity
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Earlier than 15 daysOwner, Silver Jewellery Retail, Rajkot, Corporate Investor / Buyer connected with the Business
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1 Buyer contacted this Business this month.
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