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Mobile App Investment Opportunity in Noida, India

Society management cum social networking app for residents in housing complexes and societies.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 40 thousand
Run Rate Sales USD 46 thousand
EBITDA Margin 20 %
Industries Mobile Apps
Locations  Noida
Local Time 8:23 AM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Investment
USD 130 thousand for 20.0% stake (Native Currency: INR 10,000,000)
Reason: Funds will be used for the following purposes: 1. Scale up the business to capture market in tier 1... View More
Includes physical assets worth USD 6.4 thousand
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Business Overview

Mobile app for smart management of society that helps residents and society caretakers to efficiently communicate with each other. The app also features social networking platform to connect every residents living within the society. Our app helps residents to place a request to help desk for any issue / problem they come across. The app also lists and advertises nearby groceries and pharmacies. We also promote our tie-ups with Bigbasket (for ordering grocery) and Tata Sky (for promoting their service) on the app.

We have more than 50,000 users from more than 100 societies. Have tie-ups with 10+ builders who provide us leads when they construct a new housing complex. Some of these builders are Gaursons India, Supertech, Mahagun Group.

Company has three sources of revenue. First source is the monthly subscription we charge from each society. Second source is the advertising fee charged to vendors listed on the app. Third source of revenue is the commission we charge from Bigbasket and Tata Sky when a user subscribes to their service. Other than Bigbasket and Tata Sky, we do not charge commission from any other vendors listed on the app. Our first revenue source contributes 60% to the total revenue and rest 40% revenue is generated from the other two sources.

Founders of the company are alumni of NIT & REC and they are full time entrepreneurs. Our technology has secured system with robust approval process. Our motto is to deliver an uninterrupted services. Business owned assets include laptops and office equipment.

Products & Services Overview

Mobile app based smart society and social networking platform.

Facilities Overview

Rented office of 1,000 sq ft. All the activities such as technology support, backend and operations are conducted from the office.

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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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