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Mobile App Investment Opportunity in Mumbai, India

Startup building a web based aggregation platform for daily essentials looking to raise funding.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  Mumbai
Local Time 7:18 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Investment
USD 170 thousand for 40.0% stake (Native Currency: INR 12,500,000)
Reason: Need funds to go live. Have a strong business model and a nearly complete product.
Includes physical assets worth USD 4 thousand
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Business Name
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Business Overview

- Mumbai based start-up building a web based aggregation service for daily essentials.

- Have a strong business model with the product 90% complete, currently being tested internally.

- Have signed 5 LOI's with prospective vendors who have agreed to share with us a database of 25,000 households.

- Projected to reach break-even in 9 months time and then start growing at 12% YoY.

- Promoters are highly experienced, with the director having pioneered and implemented multiple industry initiatives in the payments and retail sector for many MNC's for over 20 years.

Products & Services Overview

- Bill payments for daily essentials like newspapers, cable TV, utilities and groceries.

- AMC's for home appliances like AC and water purifiers.

Facilities Overview

Fully furnished co-working space.

Recent Activity
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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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