Well-Renowned Music Player App Venture Available for Sale
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It is a private limited company started in 2016, Kochi. The company has made Music player Application (App) which plays songs in the Malayalam language. This company was incubated by Kerala State Industrial Development Corporation (KSIDC).
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Concept:Over the top mobile platform, it has both options, for online streaming as well as offline downloads for all music contents hosted in the app. The users can onboard music (mp3) contents on their SD card and Phone memory into their Music player app and create joint playlists, which thus provides seamless integration of contents.
Tie-ups: The company has tied up with Manorama Music a largest music label of Kerala, Music distribution companies and also many producers. The companies pay royalties to these companies depending upon the song. The contents are DRM (Digital Rights Management) protected via encryption (at server and client levels).
Users:The App has crossed 1.5 Lacs downloads. The total users are above 1 Lacs with a monthly average of 20,000 active users.
This Music player App has a feature to provide location-based advertisement too.
Headcount:The total team size of the company is 8 including technical, marketing, etc.
Features:
- The best feature of this Music App is that it can be customized to other languages too by making limited changes in the App.
- An Artificial intelligence and Machine learning driven advertisement and co-branding engine leverages the mobile advertisement possibilities in the mobile App. Advertisements are featured in both visual & audio formats in multiple categories like sponsored playlists, co-branded albums, dedicated brand pages with provision to feature discounts-new arrivals etc.
Financials:The last year turnover is INR 4,50,000.
The owners want to exit the business due to shortage of funds and is open for Investment too since the company has good growth potential.
The asking price for selling the business is INR 60 Lacs and for investment is INR 90 Lacs.
Reason
Shortage of funds
Business Tags
₹10 to ₹200 Cr
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