| Current Status | Growth |
|---|---|
| Amount Invested | rm150,000 |
| Funding Required | RM600,001 to RM1,000,000 |
| Description | A mobile socialise application enhance with the feature of chatroom, reminder, bookmark, My Sav*(applicable on Android only) & sharing multimedia content. This application act as a daily organiser to user. |
| Business Opportunity | For users experiences, chatroom serve as the platform for users to communicate and share. Whilst, bookmark, reminder & My Sav* will be the enhance features to keep/store and manage the important information for user. Each keep/store information will be in pages accordingly. |
| Revenue / Business Model | To generate primary income, getting advertisements from third parties to promote in our application is important. In order to make it happen, volume of user is vital part for a application to convince potential client to advertise with us. Therefore, a right marketing strategy need to be execute to boost the numbers of users.
Secondly, income come from the application itself, a page of voluntary contribution able to generate secondary income. Third, this is the most interesting part as do our users number grow, a new generation of advertising feature will add into this application whenever our download statistic reach substantial amount. Whenever user use this feature, a chargeable fees is applicable. We will make advertising as convenient as possible on users finger tip. |
| Management Team | This application was supported by a team of reputable software developer from India. For time being, it does not need any server maintenance work force; as virtual server provider do cover up this part. As user expand, self-owned server might be needed to accommodate large number of users as storage with existing server provider is limited. |
| Company Background | Idea initially was founded in year of 2014. As steadily progress, a company was founded to take over the application on July 2015. |
| Funding Milestone | nil |
| % Equity Allocation | 30% |
| Expected ROI | unexpected |
| Risks and Mitigation | Competition will take place whenever any others mobile application follow our feature and repackage into their own feature. Therefore, a copyright or trademark need to be drawn into our features. |
| Exit Strategies | To be discuss |
| Company Name | MYMATE SERVICES SDN BHD |
| Business Address | Solaris Mont Kiara Jalan Solaris 4 50480 KL |
| Contact Person | alex |
Leave a Reply