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Social Network Website Investment Opportunity in Chennai, India

Platform to build interests, find like minds and monetize talent seeks investment for expansion.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Edutech + 1 more
Locations  Chennai
Local Time 5:02 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 180 thousand for 5.0% stake (Native Currency: INR 15,000,000)
Reason: 50% for team expansion and product enhancement. 30% for marketing needs. 20% for infrastructure ex... View More
Includes physical assets worth USD 6 thousand
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Business Overview

- Online platform with a mobile app to teach and learn new hobbies, interests, and skills.

- Launched the full-fledged application in both iOS and Android. Web application development is in progress.

- Crossed 60K users and 150+ focussed communities till date.

- Clocked 2,70,000+ active sessions in the last four months (sessions with more than 3 mins each).

- Crossed 29,500 content and discussions.

- Launched an exclusive weekly newsletter for our books community that has 12,000+ members.

- Launched a novel for users to look back on how they explored their interests throughout the year and share them with the world in a super cool manner. We received 5,000+ impressions.

- Launched a new feature where we do weekly contests in which users can participate by creating content within the app and win exciting rewards. Have done 10+ challenges, received 300+ entries, and 10,000+ engagements. Have started partnering with brands for rewards. Some of them include Udgam Reads, Waffle Mill, Fittr.

- Ended up as a finalist (in the top 30 out of 650 startups) in Tanseed - an early-stage grant program by the government of Tamil Nadu.

- Onboarded 50+ experts/mentors, 15+ colleges and committees and done 60+ exclusive sessions.

- We are offering the services for free at the moment and the monetized sessions will kickstart by this month.

- Will generate revenue by charging commissions from the tutors.

- We also conduct free college sessions.

- D7 and D30 of our power users are at 55% and 30% respectively. These power users constitute 28% of our total user base and are growing at 20% MoM.

- We use Azure for our infrastructure, and we have a $25,000 credit with them.

- Raised pre-seed investment from Fittr, a leading online fitness company from India.

- Have 2 directors and one of the director owns the majority stake.

- Company has no liabilities.

Products & Services Overview

We have developed a platform to build interests, find like minds and monetize talents.

Assets Overview

Assets are a few laptops and computers.

Facilities Overview

We are based out of a rented office in Chennai.

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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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