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Small School Seeking Loan in Dhule, India

ELearning platform with 5,000 registered students is now looking for funds to construct a school.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 21.5 thousand
EBITDA Margin Nil
Industries Schools + 1 more
Locations  Pune + 1 more
Local Time 1:28 AM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Loan
USD 1.2 million for 15.0% annual interest, 2 years (Native Currency: INR 100,000,000)
Reason: Funds will be used to construct the school in Dhule.
Collateral Available: USD 60 thousand
Includes physical assets worth USD 3.6 million
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Business Overview
- Company runs an eLearning platform for students from 1st to 12th standard. We have 5,000 registered students on the portal.
- About 40% of students on our website are from poor family and we do not charge fees from them. We also supply books and stationary to those kids at free of cost.
- All the courses on our website are as per Maharashtra State Board, CBSE and ICSE boards. We have a dedicated team for designing courses.
- Have tie-ups with 3 schools to collect student's data in order to on-board them on our website.
- Have a total of 400 permanent employees of which about 250+ employees take care of back office work.
- Seeking funds to construct a school in Dhule (Maharashtra). We have already acquired a land of 5.5 acres.
- The land is vacant at the moment and we will construct a building of 6 floors. Picture attached in the profile is of the land in Dhule.
- Total construction cost will be INR 150 crore and we have already raised INR 60 crore.
- Our school will provide education for students from 1st to 12th standard and we will follow CBSE curriculum. We are in the process to acquire the approval from CBSE board.
- Apart from education, we will also provide extracurricular activities including military training and horse riding.
- Our company is currently under loss but we have working capital to meet salary and other overhead expenses.
- Our future plan is to construct multiple schools across India.
Products & Services Overview
- Current: eLearning platform for students from 1st to 12th standard.
- Work in progress: Construct a CBSE school with education from class I to XII. School will also have extracurricular activities such as military training and horse riding.
Assets Overview
Land, office equipment, computers, laptops and furniture.
Facilities Overview
- Rented corporate office in Pune.
- Company owned land of 5.5 acres in Dhule.
Capitalization Overview
Not Disclosed
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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