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Payment Services Startup Investment Opportunity in Bhilai, India

E-commerce application that provides convenience to shopkeepers and offers guaranteed cashback to users.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 50 thousand
Run Rate Sales USD 220 thousand
EBITDA Margin Nil
Industries Payment Services + 1 more
Locations  Bhilai
Local Time 11:33 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.2 million for 5.0% stake (Native Currency: INR 100,000,000)
Reason: We seek investment to grow the business.
Includes physical assets worth USD 6 thousand
Interested to connect with advisors
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Business Name
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Business Overview

Revenue model:

- Shopkeepers give us anywhere between 5%-15% of the billing amount (when the customer finds the shop through our app or makes the payment through it)

- We have about INR 15-20 lakh of monthly billing through the platform.

- We have a celebrity endorsing our app and have strong offline advertisements.

- Our app has been used by more than 20,000 people and it has 10,000+ downloads on the Google Play Store.

- We have started gaining momentum in Bhilai and Durg and will further expand once we get 1 lakh users in these two cities.

- App and website are developed and maintained by a third party.

Products & Services Overview

We have an app that enables users to make offline purchases, and mobile recharge with attractive cashback offers. We place our unique QR codes in shops across the town. Our users are individual retail customers. Now have 100 counters in Bhilai city alone.

Assets Overview

Tangible assets include office furniture and other equipment.

Intangible assets include the website and mobile application.

Facilities Overview

We operate from a rented office in Bhilai.

Capitalization Overview

- The company has two shareholders.

Recent Activity
  • Earlier than 15 days
    Head Of Customer Relationship, Mumbai, Financial Consultant connected with the Business
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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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