Sports Tech Startup Company for Sale in Bangalore, India
Sports tech startup company with a patented product and orders in the pipeline for sale.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 42 thousand |
| EBITDA Margin | Operating at loss |
| Industries | Sport Goods + 1 more |
| Locations | Bangalore |
| Local Time | 6:35 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
530 thousand
(Native Currency: INR 45,000,000)
Reason: The owners are unable to manage the business. The valuation also includes the debt of INR 2 crores. ...
View More
Includes physical assets worth
USD
23.4 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(66.1 KB)
Business Overview
- We are the developers of shuttle feeder machines.
- We have spent 3 years on R&D and have started sales 4 months ago.
- Have sold 7-8 units so far.
- Have an order to manufacture 45 new units.
- Our clients are badminton coaching centres.
- Manufacturing is done by a third party.
- Revenue is generated through sales of machines and subscription models for the software with a cost of INR 8,000 per month.
- The product is patented and can be controlled through IoT.
- The business has a registration document.
- The promoters have experience in the product development industry.
- Business is currently operating at a loss due to R&D expenses.
- We require a high number of employees to keep up with the R&D.
- We have spent 3 years on R&D and have started sales 4 months ago.
- Have sold 7-8 units so far.
- Have an order to manufacture 45 new units.
- Our clients are badminton coaching centres.
- Manufacturing is done by a third party.
- Revenue is generated through sales of machines and subscription models for the software with a cost of INR 8,000 per month.
- The product is patented and can be controlled through IoT.
- The business has a registration document.
- The promoters have experience in the product development industry.
- Business is currently operating at a loss due to R&D expenses.
- We require a high number of employees to keep up with the R&D.
Products & Services Overview
Manufacturer of IoT control shuttle feeder machine with software.
Assets Overview
The assets of the business include furniture, R&D products, and office equipment.
Facilities Overview
Have rented a 2,200 Sq. Ft. space in Jayanagar.
Capitalization Overview
- The business is bootstrapped and has received funding from an angel investor.- The re is an ongoing loan of INR 2 crore.
- There are 3 partners with a shareholding pattern of 92%-5%-3%.
Recent Activity
-
Earlier than 15 daysDirector, Logistics & Sports Tech, Mumbai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysKey Account Manager, Kolkata, Law Firm connected with the Business
Tags:
Internet of Things Company for Sale in Bangalore, India
·Purchase Internet of Things Company in Bangalore, India
·Home Automation Company for Sale in Bangalore, India
·Purchase Home Automation Company in Bangalore, India
·Buy Internet of Things Company in Bangalore, India
·Sport Goods Company for Sale in Bangalore, India
·Internet of Things Company for Sale in Bengaluru
·Purchase Sport Goods Company in Bangalore, India
·Purchase Internet of Things Company in Bengaluru
·Buy Home Automation Company in Bangalore, India
·Home Automation Company for Sale in Bengaluru
·Purchase Home Automation Company in Bengaluru
·Buy Sport Goods Company in Bangalore, India
·Buy Internet of Things Company in Bengaluru
·Sport Goods Company for Sale in Bengaluru
·Purchase Sport Goods Company in Bengaluru
·IoT Company for Sale in Bangalore, India
·Buy Home Automation Company in Bengaluru
·Purchase IoT Company in Bangalore, India
·Buy Sport Goods Company in Bengaluru
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
2 Buyers already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 122,000+ other businesses of all sizes.
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.
You might also be interested in these businesses