Debt Finance Needed for Android Mobile Apps Development Project

To develop, market and monetize our innovative mobile app ideas to the vast and diverse population of smartphone users in India. Seeking funds at Inception stage.

Product and Services:
Innovative Android Mobile Applications in categories like Entertainment, Spirituality and Education catering to the vast and diverse multi-lingual population in India.

Target Market:
India is a country of diversified regional people and languages. Every region and every language has tremendous potential to be tapped and monetized.

Revenue Generation Model:
Our innovative paid mobile applications will be marketed and launched after 1 year of inception of our company. The untapped territory of mobile applications in regional indian languages in different categories will help us generate steady revenue through our paid apps.

Business Goals:
To be a successful mobile app development company in India offering never before created innovative mobile apps to the regional population of India at reasonable price and high value and quality service.

Project Timeline:

First Year:
• Formation and registration of the company (under Companies Act)
• Registration of logos and mobile apps, Company website
• Office on lease, office infrastructure and team management
• Android mobile app development and testing

Second Year:
• Launch of our Mobile Apps in Android Market
• Marketing, outreach campaigns

Funding Needs:
• Minimum - 165,000 US Dollars
• Maximum - 200,000 US Dollars

Offering to the Investor:
We will undertake on a Legal Agreement to repay the loan with 3% interest per annum for a 15 years repayment term starting from 2nd year of Inception of the company.

No competition directly or indirectly at regional levels in India. Every state, community and region in India has a unique language and lifestyle. We have done years of intensive research to understand the problems of our targeted consumers and the way they expect it to be resolved.

Most of the mobile applications today are available in English language and targeted to the global English speaking population. Our mobile applications will be region centric in India and will create mobile applications solving the problems of the regional population in different innovative ways and categories.

Authorized share capital to form and register company - 2000 USD
Chartered accountant fees and other legal fees - 2000 USD
Apps registration, Company website - 6000 USD
Office on lease, Infrastructure, Team Management - 35000 USD
Mobile app development and testing - 70000 USD
Marketing and outreach campaigns - 30000 USD
Provision for fixed expenses - 20000 USD

Expected minimum debt investment: 165,000 USD

Interest rate per annum: 3%
Expected payback period: 15 years after 1 year of inception of the company.