Industry Leading Messaging App
www.GlobalBX.com
Listing ID:
700385947
Listing Title:
Industry Leading Messaging App
Quick Link:
http://www.globalbx.com/listing.asp?bId=385947
Industry:
Technology – Internet Related
Industry Segment:
Web Design and Software Development
Country:
United States
State / Province:
Area
City:
Asking Price Range:
> $35.0M
Gross Revenues:
$5,915,495
Cash Flow:
$5,208,427
Cash Flow Type:
EBITDA
Year Established:
2020
Number of Employees:
4 - 5
Business Description:
Available for acquisition is a top messaging app for users on Instagram with rapid growth over the last seven months. It is designed to give Instagram users an opportunity to receive candid, anonymous messages or reviews from their followers and friends. App is available on both iOS and Android.
The business profitable, generating recurring revenue of over $15 million annually. It was the fastest app ever to reach 75M downloads, going #1 on the App Store in more than 50 countries. It dominates the market for anonymous Q&A and has overtaken all other apps because of several factors including network density and the brand.
The app's growth coincides with the development of AI models that have made it possible to properly moderate user-generated content. It has seen 500 million messages sent with zero severe bullying incidents.
Highlights & Key Assets:
o #1 on the App Store in 60+ countries
o 75,000,000 Downloads – fastest app to reach 75M downloads, ever
o $15 mm ARR with $0 marketing spend
o Strong team – 15 years' experience, 20+ apps shipped, 100M total downloads, #1 in 100+ countries
o 50 billion story impressions
o Instagram link sharing – creates powerful network effects and viral growth
o Final mover advantage – stands to be final, permanent leader in its category
o Download machine - website alone can drive 20K downloads/day for other apps
o Combined with a pre-order strategy, it can take any app to #1 on the App Store
o Users can be funneled to other apps that have higher LTV per customer
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