Revenue generating SaaS Audit Software, Invest 750k

ShipSafe™
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Initial Fee: N/A

Capital Req'd: $700,000

Revenue generating SaaS Audit Software, Invest 750k

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Startup Description

Shipping industry still relies on decade old ways and methods of compliance methods. A SOLAS (Safety of Life At Sea) checklist which keeps container ships compliant on various maritime industry norms contains approx. 3000 points. We were informed, this was still being managed in a conventional way of doc and excel files, ticking each point while auditing the ship. We spent days with captains and HSQE auditors to understand the nitty gritty of an ISPS, MLC, ISM auditing of container ships and oil/chemical tankers and the pain of the vessel management companies and owners at large. They were unable to maintain the huge paper pile or track the individual vessel performance, which is crucial to save owners money. Not only shipping, but Pharma, Construction, FMCG, Insurance all need such platform to conduct various audits of their facilities, products and sites at large.
The pharmaceutical industry alone gives an opportunity to have Billion Dollars in revenue. After speaking to various industry officials we are on track to make a versatile platform for all these industries.

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Detailed Information

Existing Units:
10
Competition:
Competition is pretty scarce, handful of software available in the market which are addressing the concern but ShipSafe™ has an edge over them due to unique features.
Financing:
All Financials are Projections and are available upn request
Support & Training:
Support Team and Training Manual is available
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Startup Listed By:
Andrews

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