Mobile App Investment Opportunity in Bhubaneswar, India
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 100 thousand|
|Run Rate Sales||USD 140 thousand|
|Local Time||9:48 PM Asia / Kolkata|
|Listed By||Advisor / Business Broker|
- Unlike brands and e-commerce companies, small and medium businesses lack a digital platform to advertise their products and offerings and thus are unable to reach out to prospective customers,
- At the same time, we all love deals and discounts but unlike e-commerce apps, there is no single platform for local shops and malls out there where we can get all information about the offers, discounts or any upcoming or ongoing sales that are happening anywhere in our city and even the small events like book fairs that we usually miss.
- The company is solving the problem of lack of discoverability of small and medium-level businesses and their products and offers are available with them which usually gets missed by the shoppers who are venturing into e-commerce platforms considering prices and offers due to which the traditional businesses are suffering, at the same time we share information about best deals, offers, events and upcoming sales from all nearby shops and malls in the city.
- The business is not generating any profits yet as it is still using the cash to make a name in the market.
- The application has 1L+ downloads on the play store.
- The business is currently operating in Odhisa and Jharkhand.
The application gives information on the deals and discounts of nearby small and medium businesses.
Laptops, printers, furniture and hardware, customer app, merchants app, etc.
We have a rented office with all furniture and software in Bhubaneshwar.
Pre-seed round: INR 60 lakhs at INR 7.2 cr pre-money.
2 founders and a few investors own the equity.
Maximum equity is owned by the founder.
1 week, 5 days agoFounder CEO, IT Consulting, Coimbatore, Corporate Investor / Buyer connected with the Business
Earlier than 15 daysCEO, IT, Chicago, Corporate Investor / Buyer connected with the Business
Earlier than 15 daysSenior Domain Architect, Retail, Hyderabad, Individual Investor / Buyer connected with the Business