[fooker]

Honestly, this seems like an exit scheme.

What's the revenue from the existing points of presence?

It's a bit misleading to compare to broadband where most people have effectively unlimited data on their phones nowadays. In 2017, this made sense sure. I will be very surprised if people pay for wifi in Bangalore today.

[tasogare]

Yeah seems like a scam. If the deployment was profitable, why not deploy then antenna incrementally has money from users pour in? It seems the company know it won’t be profitable on the long term.

[peey]

I smell this too. Sent them a mail 5 days ago inquiring about the claimed FSO advancea, packet loss metrics and company financials and they haven't responded.

Worse, the amount is just shy of typical angel investment but with their offering you'll likely have less rights than an investor does.

[mildlyclassic]

OP here. Its the exact opposite of an exit scheme. We're massively expanding our network to cover the whole city. We already serve thousands of paying customers and we're working to bring prices down dramatically.

With regard to people having access via mobile data, you're right, India's made massive strides in 4g for sure. But our on ground experience over the last 3 years has shown us there's a massive appetite for more data so long as it can be provided at a reasonable price. Also, if you're in a dense market or housing area, current mobile signals don't provide good enough coverage and as the mobile networks are already running at 100% capacity there isn't much room for them to improve.

As mentioned elsewhere on the thread, less than 7% of India has broadband access, there's still a large market open for a provider that can offer high speeds at a reasonable price.

[dash2]

I think you would do best to get some "big players" to buy in first. Someone who pays $2m will do the due diligence that this works, hire an expert to check out your tech etc. That will add to your credibility when you ask others to put $20K in the pot.

[viig99]

Op says he has thousands of customers without any proof whatsoever, how does this work in rains ? power outages, what about customer suport, seems like an half baked pitch.