Mobile App Investment Opportunity in Dubai, United Arab Emirates
Mobile app built for students to turn unused processing power into big data solutions.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Mobile Apps |
| Locations | Dubai |
| Local Time | 7:35 PM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
140 thousand
for
20.0%
stake
(Native Currency: AED 500,000)
Reason: We will use the AED 500,000 to:
1. Increase our marketing spend in the UAE. This will allow us to s...
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Documents
Slide Deck
(535.1 KB)
Process Flow
(49.8 KB)
Domain-Verification.pdf
(213.2 KB)
Trade License
(253.0 KB)
Business Overview
- It is a mobile application that rewards students for not using their phones in class.
- When students lock their phones, we can harness unused processing power and repurpose said processing power for big data solutions.
- Number of students registered are 10,106 and we have 194 Channel Partners.
- Marketing portal allowing students to use rewards for discounts and offers. Approximately 4,000 redemptions in March 2017.
Total time offline: 14 years and counting.
Products & Services Overview
- Mobile application that rewards students for not using their phones in class.
Facilities Overview
Shared office space costs us AED 9,000 per year.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysMaintenance Manager, Diversified, Alexandria Governorate, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Real Estate, Mumbai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysManager, Engineering Consultancy, Muscat, Individual Investor / Buyer connected with the Business
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