Profitable GPS Devices Business Investment Opportunity in Bangalore, India
GPS device company based in Bangalore with more than 3,000 units so far seeks investment.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | General Partnership |
| Reported Sales | USD 24 thousand |
| Run Rate Sales | USD 143 thousand |
| EBITDA Margin | 30 % |
| Industries | GPS Devices |
| Locations | Bangalore |
| Local Time | 9:01 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
1.2 million
for
50.0%
stake
(Native Currency: INR 100,000,000)
Reason: To build our own software and start our own manufacturing unit.
Interested to connect with advisors
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Business Name
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Business Overview
- Business was established 2 years ago for the purpose of commercializing a range of telematic wireless products for security/productivity and effective fleet management in India.
- As of now, we have 2 kind of GPS device installed in the vehicle to get different information about the vehicle, such as location, speed.
- We have more than 250 clients and have installed our GPS device in more than 3,000+ vehicles so far.
- Our clients are fleet owners, individual vehicle owners, travel companies.
- Our projected growth rate for the next 6 months is 20X.
- We already have a tie-up with corporate companies pan India.
- We source GPS devices from other vendors for now and we plan to produce our own devices in the near future.
- There are 2 partners in the business each having a 50% stake.
- Business is debt-free.
- The sales have increased due to the increase in the number of customers.
- As of now, we have 2 kind of GPS device installed in the vehicle to get different information about the vehicle, such as location, speed.
- We have more than 250 clients and have installed our GPS device in more than 3,000+ vehicles so far.
- Our clients are fleet owners, individual vehicle owners, travel companies.
- Our projected growth rate for the next 6 months is 20X.
- We already have a tie-up with corporate companies pan India.
- We source GPS devices from other vendors for now and we plan to produce our own devices in the near future.
- There are 2 partners in the business each having a 50% stake.
- Business is debt-free.
- The sales have increased due to the increase in the number of customers.
Products & Services Overview
We deal with a GPS tracking and navigation device for vehicles.
Assets Overview
Company does not have any physical assets. Promoter owns 2 mobile phones, 2 laptops for the business.
Facilities Overview
Currently, we are working from home as we are looking for funds to expand.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder And CEO, IT, Bangalore, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business
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