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Security Devices Startup Investment Opportunity in Bangalore, India

Market leader in digital door lock tech with 30+ projects completed and 1,250+ units sold.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales USD 90 - 100 thousand
Run Rate Sales USD 115 thousand
EBITDA Margin 18 %
Industries Surveillance Devices
Locations  Bangalore
Local Time 11:41 PM 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: For development of tools and for scaling the business. Valuation is based on our goodwill and techno... View More
Includes physical assets worth USD 21.5 thousand
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Catalog
GST certificate
Business Overview
- Digital door locks for hotels and residences catering to both hospitality industry and individual consumers for guest access and personal use.
- Pioneered the manufacturing of RFID reader, a first in India.
- Developed hotel lock application software, marking a first in the Indian market.
- Boasts a skilled team capable of developing advanced lock models in the future.
- Established dealer network and initial exposure for scalability with a Pan India reach.
- Imports hardware from other countries.
- Trademarked brand for brand recognition and protection.
- Own software with complete source code for customization.
- Sold 1,250 units across 30 projects, predominantly in the B2B sector last year.
- Seeking expansion into the B2C market segment.
- Promoters possess extensive experience of 15 years in the industry.
- Introduced card reader technology for the first time in India.
- We outsource manufacturing.
- Licensed we hold are GST and I-E code.
- Aiming to collaborate with system integrators for broader market penetration.
- Customer base established in key cities like Delhi, Chennai, Kolkata, and Mumbai.
Products & Services Overview
Digital door locks and card reader technology for hotels and residential use.
Assets Overview
Assets include:
Stock, equipment, fixtures and furniture.
Facilities Overview
Occupying a 1,500-square-foot office space, we have dedicated technical, service, and sales teams for development, servicing, and scaling, respectively. The office is in north Bangalore, and monthly rent stands at INR 15,000.
Capitalization Overview
Partners investment.
No debt or loans.
There are 2 partners.
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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