Photo - Cloudworld Consulting
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Cloudworld Consulting - loan for business

India
Market: Internet and IT, Consulting
Stage of the project: Operating business

Date of last change: 11/23/2017
Min amount of loan
$  300.000
Estimated yield
5 % a year
0
Total required
$ 1.000.000
Rating
equalizer 159 from 1000
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Idea

Cloudworld Consulting is a fast growing Start up Information Technology and Products Company. We were incorporated in Feb 2017. Since our inception, we have already landed new work sold of close to USD 10 MN, billed revenues of USD 37K, with additional 96K of revenue minimum to accrue by March 31, 2017. We also anticipate additional revenue of USD 200K to be recognised by March 31, 2017. Seeing out stupendous growth, and to convert our new work sold, we are requiring scale funding to hire additional talent, and provide for additional infrastructure needs.

Current Status

Cloudworld Consulting is a fast growing Start up Information Technology and Products Company. We were incorporated in Feb 2017. Since our inception, we have already landed new work sold of close to USD 10 MN, billed revenues of USD 37K, with additional 96K of revenue minimum to accrue by March 31, 2017. We also anticipate additional revenue of USD 200K to be recognised by March 31, 2017. Seeing out stupendous growth, and to convert our new work sold, we are requiring scale funding to hire additional talent, and provide for additional infrastructure needs.

Market

We primarily cater to Start up, Small to Medium Enterprises and Enterprise customers by implementing the latest Software Products & Technology Solutions from leading ISVs like Microsoft, SAP.

Problem or Opportunity

Opportunity to convert existing Sales upside into delivery.

Competitors

Competitors will be most of the leading IT Consulting firms.

Advantages or differentiators

Product Strategy. Deep Technology and Delivery Expertise.

Finance

Sales Expectations over the next 5 years: we will be a 50 Million USD Company based on existing upside we are seeing.

Loan terms

60 months

Interest rate, %

5

Business model

Technology Consulting Services:

Turnkey/Fixed Fee
Scope Fixed
Cost Fixed
Any Change = Change Request
Bill Per Contract
Revenue Recognition by Milestone
Time & Material
Scope & Schedule Not Fixed
Capacity Fixed
Bill at Actuals
Revenue Recognition - Monthly

Contract Staffing:

Resource Contracted to Client for a specific project
Upon Completion of Project Resource returns to bench – to be redeployed
Bill a Monthly Flat Cost to Customer
Revenue Recognition – Up to 90 days from invoicing

IDC Program:

Multi-Year Contract with Customer
Scope Includes set up of entire Offshore Organization across
People
Process
Compliance
Support Functions
Delivered as a Build Operate  Transfer (BOT)
Customer takes over the team at the end of Contract (“Transfer”)
Bill a Monthly Flat Cost to Customer
Revenue Recognition - Monthly

Products:

Products developed by Cloudworld
Products Developed on Standard ISV Products/Platforms
Product Capabilities used as enabler of Sales for ISV Product/Platform
Customer Pays
Product License Cost
Product Implementation Cost
ISV Pays their License Revenue Share

Solution (product or service)

Cloudworld Consulting is a fast growing Start up Information Technology and Products Company. We were incorporated in Feb 2017. Since our inception, we have already landed new work sold of close to USD 10 MN, billed revenues of USD 37K, with additional 96K of revenue minimum to accrue by March 31, 2017. We also anticipate additional revenue of USD 200K to be recognised by March 31, 2017. Seeing out stupendous growth, and to convert our new work sold, we are requiring scale funding to hire additional talent, and provide for additional infrastructure needs.

Risks

Currency Fluctuation - Mitigated by higher volume business
Obsolescence of Skillsets: Need to keep team on the cutting edge of Product/Technology Expertise with a Robust Professional Development Program
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video