↩ Go Back
Need help?

Profitable Web & Mobile Development Company Investment Opportunity in United States

Seeking investment: IT company providing custom software development to 30+ B2B & B2G clients.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 38 thousand
Run Rate Sales USD 115 thousand
EBITDA Margin 40 %
Industries Web & Mobile Development
Locations  Bhubaneswar + 1 more
Local Time 3:14 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 60 thousand for 20.0% stake (Native Currency: INR 5,000,000)
Reason: Need funds to build infrastructure.
Includes physical assets worth USD 6 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Meet the team
Business Overview
- The IT company operates in the B2B and B2G sectors, generating revenue from both segments.
- It holds the position of one of the preferred vendors for the Orissa government.
- Currently catering to over 30 clients.
- The company possesses expertise in a wide range of technology stacks, including SAP, open source, Oracle, Microsoft, and mobile application development.
- Notably, it has significant growth potential, driven by strategic collaborations with the Indian and Abu Dhabi governments, as well as sponsorship from industry giants Amazon and Google.
- International projects contribute significantly to its revenue, accounting for 55% of its income.
- Currently, the company is actively involved in 7-8 projects, with 3 of them being government initiatives (Moparivar, TPCODL, and the Army).
- In the realm of international projects, the company has developed an innovative system for calculating project ROI.
- The company's operational model revolves around meeting client needs, encompassing website and app development as well as marketing services.
- Employee numbers fluctuate based on project demands, ensuring flexibility and adaptability.
- We received a government tender which increased our revenue significantly this year.
Products & Services Overview
Products:
- Custom software development.
- Mobile app and website development.
Clients:
- B2B and B2G are both international and regional clients.
Assets Overview
Assets:
3 ACs.
7 Workstations.
5 laptops.
2 Fridge.
4 TVs.
Facilities Overview
- The business operates primarily remotely.
- It maintains two small offices, one in Bhubaneswar (with an in-house cafe), which spans 800 sq ft with a monthly rent of INR 15,000, and another in the USA, utilizing co-working spaces at a rate of $35 per chair per month.
- The business is officially registered in both locations.
- It has a development centre located in Odisha.
- Additionally, there is a sales office situated in the United States.
Capitalization Overview
- Funded by the owners.
- The company has not taken any loans thus far.
- The current ownership structure consists of two shareholders with a 90-10 ownership split.
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
11 Investors already contacted this Business. Register below to connect now!
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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more