RFID Systems Company Investment Opportunity in Bangalore, India

Start up focused on RFID, Artificial Intelligence, IoT with our own products in hand.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 4 thousand
Run Rate Sales USD 32 thousand
EBITDA Margin 50 %
Industries RFID Systems + 1 more
Locations  Bangalore
Local Time 4:35 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Investment
USD 80 thousand for 20.0% stake (Native Currency: INR 6,000,000)
Reason: - We require funding to increase our scale of operations by establishing a production unit. We also ... View More
Includes physical assets worth USD 40 thousand
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Business Overview

- We are an IT solutions company that is focused on providing RFID, IoT and AI solutions in the Logistics, Manufacturing Retail and Healthcare domains.

- We have developed and started business development of our own face recognition solution, RFID based smart store. We have also developed our own IoT integrated solutions for hands free sanitizer dispenser, hands-free temperature measurement and mask detection.

- We have an IoT solution for container breaches in exports and have developed a smart store solution for groceries and supermarkets.

- These products are sold under our proprietary brand.

- We have sold over 75 units of our automatic hand sanitizing machine till date in about 30 days. We are now looking to put distributors in place. We have sold our products to clients such as Indian Oil - Salem and Karnataka Milk Federation. We have received an order for 5 more units.

- We are in the final stages of discussion for an order of over 127 units for our entrance screening solution with Balzac Public Affairs, USA and Executive Solutions. We are also engaged in discussions with Wipro. The entrance screening solution (ESS) will cost approximately INR 3,50,000.

- We have exported one test unit of our IoT based sanitation tunnel. We are negotiating an order for another 20 units with Executive Solutions.

- Our IoT solution for container breaches is yet to be marketed. We are analyzing and optimizing its pricing to make it more attractive.

- We have partnered up with another company for our IoT and RFID integrated smart store brand. We were in discussions for an order of over 500 - 800 units prior to the lock-down but discussions have been temporarily suspended due to the ongoing pandemic. The smart trolleys are priced at INR 1,80,000 each.

- Our current team consists of 4 salespersons and 4 software developers. The sales team is compensated with a salary and a commission of 3%.

- We have identified 3 distributors who are based in Coimbatore, Chennai and Rajahmundry.

- Business has extensive contacts and is conducting digital media marketing internally.

- We have not taken on any debt and the products are assembled in-house.

- Promoters are industry veterans with cumulative work experience of over 80 years.

One of the promoters is a logistics professional. This individual has headed multiple CFS companies and is a chairman of an organisation that is linked to this particular domain. The other promoter is an engineer specializing in RFID and IoT based solutions with a career spanning over 35 years.

Products & Services Overview

- Face recognition and authentication solution with many USPs to its credit. Can be integrated with access control devices. Suitable for outdoor and indoor use.

- Face recognition and authentication solution integrated with temperature detection, mask detection. Can be integrated with access control.

-An IoT enabled automatic hand sanitizing machine that is touch free, meant for outdoor and indoor use.

- An IoT solution to detect and alert container breaches during transit.

- IoT enabled smart trolleys and smart kiosks that have been linked to RFID / bar-code tagged inventory.

Assets Overview

The physical assets owned by the business include laptops and systems, the internal furnishings of the office, some soldering systems, RFID readers and POS systems.

Facilities Overview

We operate on a rented premises with an area of 1,500 square feet. We pay a monthly rent of INR 65,000. We have already paid a deposit of INR 3,50,000 and the contract is renewable every 12 months.

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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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