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Mobile App Investment Opportunity in Bhubaneswar, India

Seeks Investment: Mobile application that notifies users about best deals and has 1L+ downloads.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 96 thousand
Run Rate Sales USD 143 thousand
EBITDA Margin Nil
Industries Mobile Apps
Locations  Bhubaneswar
Local Time 1:50 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 600 thousand for 25.0% stake (Native Currency: INR 50,000,000)
Reason: The business is seeking funds for expansion and growth. The advisor does not charge any fee from the... View More
Includes physical assets worth USD 7.2 thousand
Documents
Pitch Deck
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Product Design
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Business Overview
- 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.
Products & Services Overview
The application gives information on the deals and discounts of nearby small and medium businesses.
Assets Overview
Laptops, printers, furniture and hardware, customer app, merchants app, etc.
Facilities Overview
We have a rented office with all furniture and software in Bhubaneshwar.
Capitalization Overview
No loans.
No debts.
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.
Recent Activity
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1 Investor contacted this Business this month. Register below to connect now!
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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