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Social Network Website for Sale in Noida, India

App-based creator platform with 10,000 active users, allowing to showcase and monetize their talents.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales USD 47 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  Noida
Local Time 7:16 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 41 thousand (Native Currency: INR 3,500,000)
Reason: The owner wants to exit the business. 1) Explore different space after working in content/social fo... View More
Interested to connect with advisors
Documents
Business Overview
• App-based platform for content creators and consumers.
• Revenue is generated through in-app challenges and brand partnerships.
• Users will be asked to take up challenges post short videos and earn rewards, which will be credited as direct cash into their wallets.
• We had 10,000 active users, among which 47% of were paid users until we were operational.
• Business is registered in Kanpur, UP but operations are based in Noida, UP.
• Promoter experience: 5 years.
• MoM growth: 35% in paid users, 35% in collections.
- The business is shutdown since April as runway ended for the company.
- There are no employees since shut down of the business.
- The business holds Incorporation certificate as a regulatory approval.
Products & Services Overview
A creator first platform that allows digital users to participate in 'In-app challenges' and earn cash rewards. Gamifying the creator's economy with a mix of 'RMG' & 'Content Creation'.
Assets Overview
Tech infrastructure (frontend & backend), playbook for the model, imp algorithms, databases, content library (all users)
Facilities Overview
Operations is closed, so office is shut down.
Capitalization Overview
The business is funded by angel investors as of now. The company does not have any loans. There are 20 shareholders in the company, with the majority 60% held by the promoter.
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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