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Small Social Network Website Investment Opportunity in Kochi, India

A matchmaking social network launched just 5 months ago with 25,000+ users seeks investment.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Other
Reported Sales Nil
Run Rate Sales USD 3.8 thousand
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  Kochi
Local Time 6:19 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 70 thousand for 24.0% stake (Native Currency: INR 6,000,000)
Reason: We seek working capital to enhance our technical team, elevating product quality followed by strateg... View More
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Business Overview
- We developed a prototype around three years back for a trial run and successfully launched the commercial version in November last year.
- As of March this year, within a span of just 5 months, we have acquired over 25,000 registered users, with 16,000+ users regularly engaging.
- Our business model operates on a freemium basis, offering a free trial period initially. A premium subscription is required to access the enhanced features, such as Chat. 'Profile boosts' and 'Pay-Per-Use vouchers' are our secondary revenue streams.
- Notably, some users have proactively transitioned to premium accounts without solicitation. This has led to our first source of revenue and it started this year.
- Our user acquisition strategy primarily involves social media advertisements and promotions to effectively target our desired audience.
- Our subscription prices range from INR 999 for one month, INR 1,599 for 3 months, and INR 2,599 for six months.
- We also allow reel videos to be uploaded by users on our platform, which is quite different from the picture only concept used by our competitors.
- The app was built in-house, and our team consists of 1 UX developer, 2 Flutter developers, 2 full stack developers, 1 digital marketer, & 1 customer relations professional.
Products & Services Overview
A matchmaking app to connect singles globally.
Singles are our target customers.
It's a 'freemium' platform.
Assets Overview
Intangible assets -: We possess a market-ready product with a user base exceeding 25,000. Our technical team comprises seven skilled members dedicated to product development and maintenance. Apart from our talented team, we do not hold any additional physical assets. Additionally, we maintain two active social media pages with 35k and 6k more followers, complementing our market presence and user engagement.
Facilities Overview
We are currently operating from Kochi but mostly we are operating it on a work-at-home basis.
Capitalization Overview
Since inception, we have entirely self-funded our operations, with the founder and their family contributing the necessary capital. We have not pursued bank loans or secured investments from external parties to date. The company is led by two directors, one of whom is the founder, who also actively contributes to the company's operations.
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4 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.
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