Nepal Loadshedding app sold to Siran Tech for 20k USD
Buying and selling of Nepali apps has just began with a massive influence set forth by Nepal Loadshedding app – one of the Nepali three apps that has been downloaded more than 5 lakh (500 thousand). Nepal Loadshedding app has been one of the most popular apps in Nepal, read our earlier article about top Nepalis apps here.
Developed by Chandra and Eliza Shrestha, the Nepal Loadshedding app has been sold in 20 thousand USD (almost 20 lakh NPR) cash and 10% of the revenue the app generates in the next 10 years. Well, that’s a pretty nice deal.
The display ads on the Nepal Loadshedding app has been generating about 500 USD monthly. There is no any precise cost for the operation of this app, however, they transitioned the operation from Dropbox’s free static page to the paid bandwidth.
The app has been successful in adding a huge user base of more than 520 thousands in less than a two and half-year’s time of the app release in the Play store.
— Ekendra Lamsal (@Ekendra) July 18, 2014
The per user cost of the app becomes Rs 4 while with massive number of Nepalis user base the buyer is most likely to transact at Rs 10 per person with their strategy.
Siran Technologies, the sister concern of the F1 soft giant, has purchased this app to promote their COA (formerly, Cash On Ad) app – looks like.