Funded Startup in Wifi and Security wants Growth Funding
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About Business
Enterprise WIFI including SD-Wan,Switches, Firewall and Access Points
We have also built an Operating System (OS) for wifi access points
Clientele type
We sell through distributors in India, Kenya, Nigeria
We are partnered with OEM manufacturers for fulfilling their access point demand. Details of OEMs will be shared after an NDA
Premises
OWNED
Premise Size: 400
Market Value (in INR): 15.00 L
We have distributed team working remotely.
Asking Price Includes
Equity Shares
Reason
We are growing and are looking for growth capital
More Details
We are a Singapore registered company. We have raised INR 2cr (~225,000 USD) seed fund from a listed MNC
About Founding Team
We are two founders. One has 13+ years of experience in building telecom products and other has 18+ years in selling telecom related products.
Traction So Far
We were in development stage for first 12 months. Our revenue started in July'2020 and presently we are doing INR 25 lakhs in monthly revenue.
RationaleThe investment would be used primarily for
1. Opening New Markets by Setting Up New Offices
2. Expanding Production Capability
3. Invest into technology for robust OS and growing the SAAS model
Investment Round
Present Investment Round is INR 15 CR
1. INR 12Cr is raised against equity. Rest as debt.
2. We already have commitments from Existing Investors
3. We are closing the Investment Round on 30th Nov 2021
Keywords
₹10 to ₹200 Cr
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