Economical SMS

Summary: • Geography: India • Sector: IT services to enable K12 education • Funding stage: First round • Amount: US$ 1 million • Exit : 3 years (target revenue US$ 12 million) • Audited financials and client references : Available We are a 12-year old company focused on mobile applications. 2 years ago, we ventured into a new stream of business - providing mobile alerts for K12 schools in India. Our paying customers are: March 2012 – 1 school March 2013 – 20 schools March 2014 – 150 schools Now we want to scale this to: March 2015 – 800 schools March 2016 – 5000 schools (plus establish presence in Africa) March 2017 – 12000 schools (plus establish presence in mainland US) The addressable base of K12 schools in India (population: 1.2 billion) is 170,000 and average number of students per school is 1000. Our EDBITA is 26% and revenue per school is US$ 1000 p.a.100% common stock rests with the founding family. We are looking for US$ 1 million for expansion till 2017