Listing Details : LB-15659

Asking Price 4.5 Lacs
Turnover N.A
Legal Entity Private Limited
Category Internet & Technology
Sub Category Software and Web Development
Business Listed By Founder

Overview

We are an established private limited company in the technology sector, founded in 2017in Tirupati, Andhrapradesh. Our core focus has been developing innovative social media platforms, E-Commerce platforms and fundraising platforms which received a positive response from users for their unique approach to networking and engagement. Despite a dedicated founding team of three, supported by two additional members, extensive research, and a strong product vision, we faced challenges scaling the business, particularly during the COVID-19 pandemic. Although our platforms showed significant potential and garnered interest, we could not secure the funding necessary for expansion. As a result, revenue generation and scaling efforts were limited, leading us to halt operations while maintaining all legal and regulatory compliance. The company is fully registered and compliant, offering a valuable opportunity for potential buyers interested in a ready-to-run tech business. With innovative intellectual property and established platforms, this is a good investment for entrepreneurs or organizations aiming to relaunch or expand in the social media or technology space. We are selling this business due to administrative costs and the inability to sustain operations without external funding. This is an ideal opportunity for those with the resources and vision to scale a innovative tech business.

Year of Establishment

2017

No. of Employees

0

Current Status of Business

Running

Business Relocatable

Yes

Property Type

Owned

Property Value

N.A

Property Classification

N.A

Describe Property

N.A

Competition / Market

Yes

Products & Services

Our company specializes in innovative social media platforms designed to foster meaningful connections and engagement. We developed platform focused on professional networking and growth, other one which encourages local business with the power of internet, last one, a student engagement platform bridging communities. These platforms were built with user-friendly designs, robust functionality, and unique features tailored to their respective audiences. Though operations have paused, the platforms gained positive user feedback for their potential to fill gaps in the digital networking space.

Growth Potential

The growth potential for this business is significant, given its established platforms and innovative approach to social networking. With a strong foundation in social media and tech development, the company holds immense opportunities for relaunching and expanding its user base. Investing in targeted marketing can attract new users, while seeking strategic partnerships or securing funding can fuel product innovation. These platforms have proven engagement potential and can be scaled into niche markets. With the right resources, this business has the potential to achieve substantial revenue and growth in the competitive social media sector.

Reason For Sale

Personal reasons

Financial Details

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