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RFID Systems Business Seeking Loan in Bangalore, India

Business developing ID cards for school students which can be tracked through GPS.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales Nil
EBITDA Margin Nil
Industries RFID Systems + 1 more
Locations  Bangalore
Local Time 9:24 AM Bangalore
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 27 thousand for 15.0% annual interest, 7 years (Native Currency: INR 2,000,000)
Reason: To purchase hardware, marketing and working capital to launch business.
Collateral Available: USD 14 thousand
Includes physical assets worth USD 34 thousand
Interested to connect with advisors
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Business Name
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Documents
Business Overview

- Manufacturer of GPS enabled ID cards, based in Bangalore.

- We are still in the pre-revenue phase.

- Our main clients will be schools - middle level and high schools.

- The ID cards are integrated with a GPS device which can be tracked through a mobile application.

- We have finished developing the software and mobile application.

- The hardware manufacturing will be outsourced to a third party company.

- We have contacted 20 schools in Bangalore, Ranchi, Hyderabad and Delhi who are interested.

Products & Services Overview

GPS enabled students ID card to track students, can also be used in other area such as vehicle tracking system, for pets and for the elderly.

Facilities Overview
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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