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Mobile App Seeking Loan in Hyderabad, India

Services booking application receiving around 100 bookings monthly seek a loan.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 4.3 thousand
EBITDA Margin 10 %
Industries Mobile Apps
Locations  Hyderabad
Local Time 6:15 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 30 thousand for 9.0% annual interest, 4 years (Native Currency: INR 2,500,000)
Reason: Need funds for advertising.
The valuation is based on the projected revenue post-marketing.
Collateral Available: USD 0
Includes physical assets worth USD 7 thousand
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Business Name
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Documents
Business Overview

- The application has 100+ downloads.

- We have 2 revenue models. One is by charging membership fees of INR 999 and the other is by charging a commission of 10% on the booking.

- Currently, have onboarded 300-400 customers.

- We receive around 100 bookings monthly. The operations started recently.

- The promoter has 6 years of experience in this industry.

- We have a team of 17 employees (customer service, software developers, and marketing).

- The company is registered in Chirla but the operations is based out of Hyderabad.

Products & Services Overview

Mobile app to book services like plumber, electrician, carpenter, etc.

Assets Overview

Tangible assets include AC, 5 printing machines and tables.

Facilities Overview

Office is located in the south of the city on a 1,000 sqft area with a monthly rent of INR 35,000.

Capitalization Overview

- Company has 4 directors with one director holding 40% shares.

- Business has no loan.

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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