{"id":2747,"date":"2022-04-23T10:25:34","date_gmt":"2022-04-23T04:55:34","guid":{"rendered":"https:\/\/businesslive.in\/?p=2747"},"modified":"2022-05-14T15:56:17","modified_gmt":"2022-05-14T10:26:17","slug":"india-based-startup-working-on-metaverse-and-short-video-platform-has-20-million-users-seeks-investment","status":"publish","type":"post","link":"https:\/\/businesslive.in\/india-based-startup-working-on-metaverse-and-short-video-platform-has-20-million-users-seeks-investment\/","title":{"rendered":"India-based startup working on Metaverse and short video platform has 20 million users seeks investment."},"content":{"rendered":"<div class=\"transaction-one-line\"><span class=\"currency-label\">INR<\/span>\u00a0<span class=\"asking-price\">10 crore\u00a0<\/span>for 10.0% stake\u00a0(Native Currency:\u00a0INR\u00a0100,000,000)<\/div>\n<div class=\"transaction-reason\" title=\"\" data-original-title=\"\">Reason:\u00a0<span class=\"reason\">Funds are required to speed up product development and growth.<\/span><\/div>\n<div title=\"\" data-original-title=\"\"><\/div>\n<div title=\"\" data-original-title=\"\">\n<div class=\"description-heading\"><strong>Business Overview<\/strong><\/div>\n<div class=\"description-content\">\n<p>&#8211; Hyderabad-based startup working on Metaverse and a short video platform.<\/p>\n<p>&#8211; The short video platform has 20 million users.<\/p>\n<p>&#8211; We intend to monetize the short video platform by advertisement revenue as well as in-app purchasers in the future.<\/p>\n<p>&#8211; Currently, we are working on practical out-of-the-box ideas and services hence are not reporting any revenue.<\/p>\n<p>&#8211; The products in the metaverse once developed can be sold as stand-alone products and services to companies.<\/p>\n<p>&#8211; We plan to hire 20 more developers in the coming future.<\/p>\n<p>&#8211; Founders have industry experience spanning several decades. They have a clear vision, road map, and excellent track record.<\/p>\n<p>&#8211; The business does not have any outstanding loans or overdue.<\/p>\n<p>&#8211; The business has 3 owners, one with 60% equity stake, the other with 30% stake, and 10% ownership with the third director.<\/p>\n<\/div>\n<div class=\"description-heading\"><strong>Products &amp; Services Overview<\/strong><\/div>\n<div class=\"description-content\">\n<p>&#8211; Product company that specializes in AR\/VR\/MR, AI &amp; ML, and Web3 technologies.<\/p>\n<p>&#8211; Well-established short video platform.<\/p>\n<\/div>\n<div class=\"description-heading\"><strong>Assets Overview<\/strong><\/div>\n<div class=\"description-content\">\n<p>Data is not available at this moment.<\/p>\n<\/div>\n<div class=\"description-heading\"><strong>Facilities Overview<\/strong><\/div>\n<div class=\"description-content\">\n<p>We are registered in Hyderabad but currently, we are working remotely.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>INR\u00a010 crore\u00a0for 10.0% stake\u00a0(Native Currency:\u00a0INR\u00a0100,000,000) Reason:\u00a0Funds are required to speed up product development and growth. 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