Raising Capital For B2B Well Growing Tech Firm With Patents

Listing ID: BB012560
Posted By: Third party
Last Active: 2 weeks ago
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Product / Service


Products
Standard and Customized Electrical and Electronics connectors for Indian and Global Market.

Services
Design, Development, Testing, Manufacturing and Supply of precision engineering components (Plastics, metal) for Indian and Overseas customers.

Clientele type

Current: Automotive, Consumer Appliances
30+ Customers covering OEMS, TIER1, TIER 2 Suppliers and EMS Companies.

Premises

LEASED

Lease per month (in INR): 70000

Security Deposit (in INR): 8000000

Carpet Area: 7000 Sq Ft

7000 Sq Ft company running near Bangalore, plant and machinery, tooling, software talent for design services.

Asking Price Includes

10% equity

Reason


Fund Utilization Plan:
40% - New Product Development
30% - Capex
13% - Marketing & Contingency
17% - Business Development, Certifications, Other Opex

Other Details

• Only Indian Company providing integrated solutions for design, development, testing and manufacturing of connectors and contact terminals covering precision engineering plastic and metal components.
• Import Substitute, Cost Effective Solutions
• 4 Patents received for product design.
• 1 Patent applied through research in material science.

Traction and Potential:
• FY 21-22 Revenue INR 2.16 Cr.
• Projected FY 22-23 Revenue approx. INR 6 Cr, with ARR of in INR 8- 9 cr by March FY 22-23.
. Potential to reach INR 100 cr in next 4-5 years.
Team: Total 25 members :
A.(Co-Founder and CEO)
B Tech (2010)
12 Years’ CORPORATE Experience,
Expertise in Sales, Business Development & Product Development
B.(Co-Founder and CTO)
B Tech ( 2010)
12 years’ corporate experience,
Expertise in Technology, operation & management

Recognized & supported by:
• Various reputed national Institutes and grants
. Angel Investors with funding of inr 2.66 cr in fy 21-22
. PSU bank with Cash Credit limit of inr 2 cr

Keywords

Business Tags

Raising growth capital for a promising componentselectricalelectronicsB2B startup with several Patentsgood traction

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