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Social Network Website Investment Opportunity in Dubai, UAE

Company with a developed app and revolutionary IOT device catering to community of cyclists.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  Dubai
Local Time 12:21 PM Asia / Dubai
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 490 thousand for 10.0% stake (Native Currency: AED 1,800,000)
Reason: We are seeking the funds to expand the app by adding multiple vendors and take the app to the revenu... View More
Includes physical assets worth USD 980 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- The company has launched an app that aims at creating a close-knit community for cyclists through a dedicated app.
- The app is listed both on Google Play and the App Store currently.
- There will be three main offerings of the app including cycle servicing brought to home, roadside assistance, and cycling training for both children and professionals.
- The company plans to generate income by listing vendors and trainers, from whom they charge a commission.
- The company has initial plans of getting into agreements with the big 5 vendors of the region.
- We have also developed a revolutionary cycling safety IoT device powered by AI. This product has undergone two years of R&D and the testing phase is complete. It is planned to be marketed through the app and then sold once a solid network is established.
- Currently, the company is not generating revenue since the app is in the initial launch stage and is focused on creating a large connected, and informative community of cyclists. Hence there is no run rate and reported sales.
- We are currently tapping into all cities within the UAE, with future plans for expansion into the UK and Spain.
- As a subsidiary of a top technology company that offers innovative & fully tailored IoT and robotics Solutions, we offer a seamless fusion of experience, innovation, and quality.
Products & Services Overview
- The app is our primary product which has been launched to help users seamlessly connect with a large community of cyclists.
- The 3 main services it offers include cycle servicing brought to home, roadside assistance, and cycling training.
- We have also developed a revolutionary IoT device powered by AI to ensure cyclists' safety. This product is in the manufacturing stage and has not been launched yet.
Assets Overview
The products are completely developed in house.
The tangible assets owned by the business include all the proprietary hardware used in developing the app.
Facilities Overview
We have a registered office in Dubai that spans a total area of 17,000 Sq ft. The rent paid is around AED 650 thousand per year.
Capitalization Overview
We are the subsidiary of a well-known technology company that offers innovative & fully tailored IoT and robotics solutions. The holding company has 100% ownership.
Recent Activity
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2 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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