| Current Status | Revenue Generating, Pre-Profit |
|---|---|
| Amount Invested | RM100k |
| Funding Required | RM300,001 to RM600,000 |
| Description | Global Apps offers small and medium size B2C businesses the opportunity to own a custom business mobile app that is designed to increase sales and revenue, customer retention, and build their business branding and social presence. Our primary strategy is to develop Global Apps as Malaysia’s No. 1 subscription based mobile app provider for SME’s. |
| Business Opportunity | Our solution solves the problem of high capital requirement to develop a mobile app, and allows SME’s of any size to hop on board the mobile revolution. Each of our clients will now be able to own their own mobile app which solves the following: 1. Retain existing customers, get recurring customers and attract new customers, upsale items -> increase in sales 2. Ease of payment collection -> increase cash flow 3. reduce marketing costs -> direct communication with existing clients at no cost 4. ability to entice customers to make a purchase 5. build relationships and add value to client spending. 6. create a viral effect of the business 7. Stand out from the competition -> be visible to customers at all times. |
| Revenue / Business Model | Will be shown upon signing of NDA. |
| Management Team | xxxxx |
| Company Background | The inspiration for Global Apps was derived from the need to create a faster, easier, and more cost-effective solution to creating mobile applications for small & medium-sized businesses that provides tangible and quantifiable benefits. Leveraging on over 40 years of collective Branding & Business Development experience, as well as our IT Design and Mobilization know-how, our cutting edge mobile app solution is the optimal tool for small & medium-sized businesses to Capture new clients and Keep existing customers coming back for more. Global Apps first mobile app for our client was published in January 2016, and up to June 2016 we have 6 paying clients. We currently have 12 clients in the pipeline who have already ordered their business mobile app. |
| Funding Milestone | Global Apps expects to earn a healthy profit by year two based on projected sales. Our projections are based on the following key assumptions:
Initial growth will be moderate as we establish awareness in the market Investment Required (year 1) – RM 491,870.00 |
| % Equity Allocation | To be discussed |
| Expected ROI | 716% by Year 3 |
| Risks and Mitigation | Will be shown upon signing of NDA. |
| Exit Strategies | To be discussed |
| Company Name | Global Apps PLT |
| Website/Facebook | http://globalapps.my/ |
| Business Address | 12A-2, Jalan Setia Dagang U13/AJ, Setia Alam , 40170 Shah Alam, Selangor |
| Contact Person | Anandraj Letchimanan |
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