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Automotive Accessories Company Investment Opportunity in Hyderabad, India

Company that has developed accessories to make the 2-wheeler rides comfortable seeks investment.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 100 thousand
Run Rate Sales USD 230 thousand
EBITDA Margin Operating at loss
Industries Automotive Accessories
Locations  Hyderabad
Local Time 12:27 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 500 thousand for 13.0% stake (Native Currency: INR 40,000,000)
Reason: The company's vision is to become an integral part of all 2-wheelers and make commuting and riding a... View More
Includes physical assets worth USD 80 thousand
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- DIY kit that any person can install on their bike easily making it a highly scalable solution.

- The entire mechanism of the kit and IOT module is patented and granted.

- The DIY kit addresses the biggest problems that millions of Indians face on a daily basis and there is no other solution there in the market that comes close to this DIY kit.

- The infotainment platform is given free of cost to the users and they will monetize the large amounts of user travel data by carrying deep data analytics and selling to different industries such as motor insurers, and bike resellers.

- Their vision is to build a platform into the de-facto super app for all 2-wheeler needs, ranging from bike servicing, trip planning to even accident identification.

- Company's sales have been growing every month on the back of advertising and publicity from Shark Tank.

- Also awarded with the Nidhi Prayas Grant. They were a part of the Tie Nurture Program and an IIT- B incubator.

Products & Services Overview

Products include:

A. DIY device that can be installed on any 2-wheeler to provide riders with complete weather protection.

B. An easy-to-use add-on accessory designed to protect the legs of the riders.

In any kind of rain.

C. IoT module – a smart electronic device that connects to any 2-wheeler and it provides the rider with android-auto-like infotainment comforts on a bike.

Assets Overview

Physical assets include the prototypes and inventory of the following:

A. DIY device that can be installed on any 2-wheeler to provide riders with complete weather protection.

B. An easy-to-use add-on accessory designed to protect the legs of the riders.

In any kind of rain.

C. IOT module – A smart electronic device that connects to any 2-wheeler and it provides.

Intangible assets include the online platform, tech, and product designs.

Facilities Overview

The company has a small rented office in Hyderabad.

Capitalization Overview

The business is currently funded with the help of an investor's equity capital. In the beginning, the promoters invested INR 50 lakh for the initial R&D. Over the due course, the startup has raised about INR 4 crore in equity funding to expand the business. The investors include Mumbai.

Angels, SucSEED Ventures, Dexter Angels, Ah Ventures, StartupLanes, HEM Securities, Peyush.

Bansal and a range of other HNIs.

Recent Activity
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1 Investor contacted this Business this month.
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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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