Payment Services Company for Sale in Delhi, India

For Sale: ePOS infrastructure with 10,000+ active merchants across India.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 55 thousand
EBITDA Margin
2 %
Industries
Locations
Local Time
5:36 AM India
Listed By
Business Owner / Director
Status
Active
Overall Rating
Full Sale
Asking Price: USD 130 thousand (Native Currency: INR 10,000,000)
Reason: The RBI has new guidelines where payment aggregators like us have to maintain a net worth of INR 35 ... View More
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Business Name
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Business Overview

- ePOS platform that allows merchants across the country to accept cashless payments from their customers who want to pay with cards.

- Our infrastructure runs on a mobile application installed on the merchant's phone and does not require a physical device which typically cost merchants around INR 10,000.

- The application is available only for the Android platform currently.

- Over 10,000 merchants across the country actively use our platform.

- The average number of transactions per day is around over 150.

- Generate a net profit for each transaction. We receive 1.8% of the transaction value from the bank and 2% from the merchant.

- Typically the merchant receives the cash 2 days after the transaction.

- Monthly net profit is INR 80K-1.5L.

- We launched a subscription model where the merchant can receive the cash within 1 day of the transaction by paying us an annual fee of INR 899.

- Around 60% of our last year's subscribers have renewed their subscription for this year.

- The business has never invested in marketing so far and runs on an asset light model.

- The business is run by the 2 founders one of who is an IIT Delhi alumnus and the other who has studied and worked in the US for 8 years.

- Due to the COVID-19 pandemic, our revenue has decreased significantly.

- The acquirer will get the legal entity, the technology product stack and the rights to name.

Products & Services Overview

EPOS infrastructure for merchants to receive card based payments without a POS device.

Facilities Overview
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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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