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Software Testing Services Company Seeking Loan in Chennai, India

Early-stage startup from IT, ITES, and R&D sector looking for funds to scale up business.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 1.17 thousand
Run Rate Sales USD 3.5 thousand
EBITDA Margin Operating at loss
Industries Software Testing Services + 1 more
Locations  Chennai
Local Time 12:47 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 58 thousand for 9.0% annual interest, 7 years (Native Currency: INR 5,000,000)
Reason: To use as working capital for a new project undertaken.
Collateral Available: USD 58 thousand
Includes physical assets worth USD 2.34 thousand
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Business Overview
We are cloud-based service provider providing multiple business solutions for different target customers established from Chennai in the year 2018. The company has six verticals:
1. "IT and ITES for SaaS, PaaS & IaaS products & services",
2. "Research and development" in the energy sector.
3. Electronic devices for aviation and investors.
4. Digital marketing and social marketing for all types of businesses in eCommerce.
5. Transportation services.
6. Import & export rice, mushrooms, cereals, spices, and dry fruits.
We offer a wide range of IT-related services starting with the initial setup and configuration of any type of virtual office environment, hardware and finishing with the installation of niche-specific software. Have developed our own products, those are 3D printing, security devices for data communication, autonomous transport using drones or UAVs for eCommerce product deliveries, Pan India eCommerce business collaboration from different vendors from Panicha. In portal, free energy metal mixture solution for power generation from available light sources, and the other is an AI-powered platform that leverages the strength of machine learning to drive insightful and engaging service experiences.
Most of the revenue contribution is through our software products. Our assets include a website, licenses, Intellectual properties, laptops, client database, software, electronic devices, batteries, and drone motors.
Currently, we have tied up with Amazon for warehousing and selling products online, also we are looking for collaborated long-term business customers. And others are nearly 300+ reliable customers available through social marketing. We participated in Fintech Challenge and received a runner-up certificate with a cash Price of Rs. 25,000/-.
The business will have a commission-based revenue model. We charge of % of total sales that have been done through our integration platforms.
We currently have 2 employees. Our revenue is less as we still are at an early stage. We are planning to hire more employees.
The company is registered in Kancheepuram, but our office is in Chennai.
Since we are an early-age start-up and have diverse services, we are currently operating at a loss.
Products & Services Overview
Software development and testing for ERP, eCommerce, eRagaLMS management software, banking fraudulent identity software, remote office support, office systems installation, cloud configuration setup, software development, and research projects. The services that we provide are IT support and software solutions to our clients. We also provide other services like digital marketing, web design, and branding.
Other R&D products in renewable energy, and solar energy has successfully completed their first level of testing, looking for lab facilities to complete the projects.
1. Solid form with cement & sand mixtures.
2. iquid form.
Assets Overview
The physical assets that we own are laptops, printers, 3D printing, internet, packing, tables, chairs, other office staging equipment, and R&D product-related equipment.
Intangible assets include - branded websites, SSL, ERP, and virtual office infrastructure.
Facilities Overview
900 sq. ft. rented working space with a rent of INR 18k, and we are located towards the south side of the city.
Capitalization Overview
The business is self-funded and to date has not received any funding from government or private organizations. The company has 2 directors with 80% and 20% shareholding.
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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