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Small Spiritual & Psychic Services Company Investment Opportunity in Mumbai, India

Online astrology platform with 145k+ downloads and 650+daily visits seeks funds for marketing.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 8 thousand
Run Rate Sales USD 36 thousand
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  Mumbai
Local Time 11:41 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Partial Stake Sale
USD 300 thousand for 10.0% stake (Native Currency: INR 25,000,000)
Reason: The objectives of funding is primarily to fuel the next level of exponential growth. The funding sh... View More
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Business Overview

- The company, an online astrology platform, boasts 145k downloads on Google Play and is steadily growing.

- The company operates as a bootstrapped startup, capitalizing on the increasing demand for astrology services.

- Services include call and chat options with astrologers on a pay-per-minute basis, ensuring secure connections for users.

- Current user engagement stands at 600-650 daily with an average recharge per customer ranging from INR 8-10.

- Limited marketing budget hampers customer acquisition efforts, signaling vast untapped potential in the market.

- Seeking funding to enhance marketing strategies, aiming for 2 million downloads and daily user volume of 4k-5k within 12 months.

- Targeting an average recharge value of INR 19-20, with a projected total recharge value of INR 3.0-3.5 cr ($350k-$400k).

- With approximately 25% of the Indian population having strong faith in astrology, expansion plans include tapping into international markets.

- Encouraging market trends show a significant increase in astrology interest over the past few years, promising growth opportunities.

- Company licenses, including GST and incorporation, are in place.

- We are catering primarily to the North Indian demographic with rates ranging from INR 7-25/min.

Products & Services Overview

Our services:

Kundli.

Matchmaking.

Numerology.

Panchang.

Catering primarily to the North Indian market.

Assets Overview

The company doesn't have any significant physical assets.

Facilities Overview

The company doesn't have a facility, employees work from home.

Capitalization Overview

We are completely bootstrapped.

There are 2 shareholders for the entity.

No loans or debts.

Need equity investments, can explore debt funding also.

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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