AI Services Firm Looking For an Exit/Funding In Bangalore
About Business
A company that offers IT services in the form of AI and ML solutions has provided several bespoke applications to its customers. They encompass AI-driven finance and legal assistants, computer vision programs, as well as fraud and anomaly detection programs.
Clientele type
The main clients include financial services (NBFCs), law firms, and DNB.
Premises
LEASED
Lease per month (in INR): 1.50 K
Security Deposit (in INR): 1.00 L
Carpet Area: 400 sq ft
The company operates in Coworking space in Bangalore
Asking Price Includes
The founders are open to both a full sale of the company and investment opportunities.
They are currently seeking funding of INR 25 lakhs in exchange for 20% equity to expand the business. Alternatively, they are willing to sell the entire company for INR 10 lakhs.
Asking Price
INR 25.00 L
Minimum ticket size
INR 10.00 L
Reason
The founders have been unable to raise sufficient capital to cover operational expenses, and due to the delayed impact of service revenue, they have decided to seek an exit from the business.
More Details
The business is co-founded by three individuals, with two managing sales and one leading the technical operations. Within just six months of incorporation, the company has significantly increased its service revenue and completed over 10 production deployments. Additionally, it has achieved AWS Select Tier status.
Keywords
Business Tags
₹10 to ₹200 Cr
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