GPS Tracker Device Manufacturer Raising Funds In Pune
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About Business
The founder launched a GPS tracking device used for location tracking. The company has developed a small device that connects to GPS, allowing users to track its location on their mobile phones. It is mainly used for commercial purposes, but some customers also use it for personal tracking. So far, over 10,000 devices have been sold.
Clientele type
Majorly the clients are buying the device for the commercial purpose and some are for the personal use.
Premises
LEASED
Lease per month (in INR): 18.00 K
Security Deposit (in INR): 1.00 L
Carpet Area: 200 sq ft
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Asking Price Includes
The founder is open to fundraising, with equity stakes offered based on the investment amount. They are also willing to sell the business if the investor has the capability to take it to the next level.
Asking Price
INR 20.00 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The founders are seeking funds to expand the business across India.
More Details
The company has already sold 12 franchises, and the current franchise price is ₹1 lakh.
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Business Tags
₹10 to ₹200 Cr
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