Web & Mobile Development Company Investment Opportunity in Jaffna, Sri Lanka
Early-stage webstore building platform with 100+ paid subscribers and high monthly sales growth.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 6.7 thousand |
| Run Rate Sales | USD 27 thousand |
| EBITDA Margin | 15 % |
| Industries | Web & Mobile Development |
| Locations | Jaffna |
| Local Time | 6:27 AM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
84 thousand
for
15.0%
stake
(Native Currency: LKR 25,000,000)
Reason: This is the right time for us to spend on marketing. Till now, we have had 130 paying subscribers wi...
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Includes physical assets worth
USD
3.34 thousand
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Business Overview
- Business offers a webstore builder for small and micro businesses.
- 100% in-house developed by our team, all the websites are hosted on AWS.
- Operate on an annual and monthly subscription model.
- USD 9 for monthly, and USD 90 for annual.
- We are already on track to achieve LKR 8 million of ARR and our target is to achieve LKR 11 million by the end of this year.
- The business has seen more than 100% month-on-month sales growth.
- Next year's target ARR is LKR 25 million.
- We have 135 paid subscribers from Sri Lanka, Switzerland, Denmark, and the UK.
- Have only spent USD 120 till now on Facebook marketing.
- Apart from the full-time team we also have an intern.
- 100% in-house developed by our team, all the websites are hosted on AWS.
- Operate on an annual and monthly subscription model.
- USD 9 for monthly, and USD 90 for annual.
- We are already on track to achieve LKR 8 million of ARR and our target is to achieve LKR 11 million by the end of this year.
- The business has seen more than 100% month-on-month sales growth.
- Next year's target ARR is LKR 25 million.
- We have 135 paid subscribers from Sri Lanka, Switzerland, Denmark, and the UK.
- Have only spent USD 120 till now on Facebook marketing.
- Apart from the full-time team we also have an intern.
Products & Services Overview
Our one and only selling service is the webstore builder.Our users are micro and small businesses that cannot afford to hire a contractor to build and maintain a website. Rather, they prefer to pay us a monthly/annual subscription fee to build and maintain a webstore for them. We offer many templates (developed by us) to business owners.
Assets Overview
Tangible assets include 4 laptops, iPad, iPhone (iPad and iPhone are used for testing purposes)
Facilities Overview
Our team operates from a rented co-working space in Jaffna, Sri Lanka.
Capitalization Overview
- LKR 11 million personally invested by the owner.- One owner with 100% of the business, 15% have been allocated for ESOPs but employees are entitled to that after 4 years.
Recent Activity
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Earlier than 15 daysHead Of Information Technology, Medical Practices, Colombo, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Web & Mobile Development Company Investment Opportunity in Jaffna, Sri Lanka
·Invest in Newly Established Web & Mobile Development Company in Jaffna, Sri Lanka
·Newly Established Web & Mobile Development Company Investment Opportunity
·Invest in Newly Established Web & Mobile Development Company
·Investment Opportunity in Jaffna, Sri Lanka
·Invest in Jaffna, Sri Lanka
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