Social Network Website for Sale in Noida, India
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 50 thousand |
Run Rate Sales | USD 90 thousand |
EBITDA Margin | Operating at loss |
Industries | Mobile Apps + 1 more |
Locations | Noida |
Local Time | 3:18 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
• App-based platform for content creators and consumers.
• Revenue is generated through in-app challenges and brand partnerships.
• Users will be asked to take up challenges post short videos and earn rewards, which will be credited as direct cash into their wallets.
• Currently we have 50,000 active users, among which 47% of them are paid users.
• We have also partnered with 10 brands, which includes many top brands such as PUMA, OZIVA, Optimum Nutrition, Muscle Blaze etc.
• The top creators on the platform include users with high engagement and famous sports professionals such as Olympic champions, Asian Games players, and IPL players who will be receiving 80% from brand partnerships, the remaining 20% will be taken by the platform.
• A heavy capital has been invested in the business to increase our B2B and B2C partnerships in order to generate a projected revenue of INR 3 to 4 Crores in the upcoming years, hence the business is operating at a loss now.
• Business is registered in Kanpur, UP but operations are based in Noida, UP.
• Promoter experience: 5 years.
• MoM growth: 35% in paid users, 35% in collections.
A creator first platform that allows digital users to participate in 'In-app challenges' and earn cash rewards. Gamifying the creators economy with a mix of 'RMG' & 'Content Creation'.
Tangible assets include office furniture, coffee machine, microwave, 1 laptop, 3 phones.
Intangible assets include technology platforms (app & website), IP rights (name & logo), exclusive contracts worth Rs 50L.
1,130 sq. ft office space on rent - INR 70,000 per month.
The business is funded by angel investors as of now. The company does not have any loans. There are 20 shareholders in the company, with the majority 60% held by the promoter.
-
Earlier than 15 daysPresident, Tech, Modesto, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Digital Media And Business Service, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, IT Services, Coimbatore, Individual Investor / Buyer connected with the Business