Virtual & Augmented Reality Company for Sale in Mumbai, India
360-camera-helmet, AI platform providing advanced automation solutions for the construction industry, backed by IIT Bombay.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 80 thousand |
| EBITDA Margin | Nil |
| Industries | Virtual & Augmented Reality |
| Locations | Mumbai |
| Local Time | 8:50 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
970 thousand
(Native Currency: INR 88,000,000)
Reason: The founder is looking for an exit from the startup space.
Includes physical assets worth
USD
22 thousand
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Business Overview
- Innovative deep-tech AI platform: Provides advanced technology solutions specifically tailored for the construction industry, aiming to enhance operational efficiency and decision-making.
- Location: Based in Mumbai, this startup is positioned to leverage India's booming construction sector, offering local solutions to address industry challenges. In the R&D stage for 2.5 years, and started generating sales 6 months ago.
- Unique product offering: Features a 360-degree camera mounted on helmets, paired with GPS technology, enabling construction workers to capture and share real-time site images.
- Virtual exploration capability: Allows remote users to virtually navigate construction sites through a web browser in a 2D interface, improving communication among stakeholders in multi-story projects.
- Client acquisition: Secured total order value of INR 35 lakhs in the past 6 months from major clients, including L&T and seven other companies in the construction industry.
- Revenue model: Charges a competitive rate of 2 INR per square foot per year, with no limit on user count, making it an accessible solution for various construction firms.
- Experienced leadership: Founded by a civil engineer with 14 years of management and technical experience, supported by a tech team of eight members, most of whom hold advanced degrees from international universities.
- Strong backers: The startup has received investments from IIT Bombay and other noted investors, indicating confidence in its technology and business model.
- Location: Based in Mumbai, this startup is positioned to leverage India's booming construction sector, offering local solutions to address industry challenges. In the R&D stage for 2.5 years, and started generating sales 6 months ago.
- Unique product offering: Features a 360-degree camera mounted on helmets, paired with GPS technology, enabling construction workers to capture and share real-time site images.
- Virtual exploration capability: Allows remote users to virtually navigate construction sites through a web browser in a 2D interface, improving communication among stakeholders in multi-story projects.
- Client acquisition: Secured total order value of INR 35 lakhs in the past 6 months from major clients, including L&T and seven other companies in the construction industry.
- Revenue model: Charges a competitive rate of 2 INR per square foot per year, with no limit on user count, making it an accessible solution for various construction firms.
- Experienced leadership: Founded by a civil engineer with 14 years of management and technical experience, supported by a tech team of eight members, most of whom hold advanced degrees from international universities.
- Strong backers: The startup has received investments from IIT Bombay and other noted investors, indicating confidence in its technology and business model.
Products & Services Overview
Offers a helmet-mounted camera system that captures 360-degree visual data, which is then converted into AI-powered virtual walkthroughs.Solutions are specifically tailored for the construction industry.
Assets Overview
The physical assets include the laptops and 360-degree cameras.Intangible assets include the pvt ltd entity, the deeptech AI platform and clients. We will provide 6 months of support and handholding post-sale of the company.
Facilities Overview
Rented co-working space in IIT Bombay. We do not require a dedicated facility at this stage, and operations are handled at the client site.
Capitalization Overview
IIT Bombay and other unspecified investors fund the business. Initial investment raised for INR 2 cr at an INR 8.8 cr valuation.Promoter holds 81% stake, and the rest of the shares are held by the incubated and unspecified investors.
Recent Activity
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Earlier than 15 daysStrategy & Solutions Architecture, Fintech, Mumbai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Construction, Mumbai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysBusiness Head, Electrical Engineering And Manufacturing, Bengaluru, Corporate Investor / Buyer connected with the Business
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