Founded in the year 2018, by Saurabh Vashishtha, Amit Bagaria, and Kunal Suri, Simsim is a Delhi based startup in B2C segment. It is an e-commerce platform with altogether a different concept of selling products as compared to Amazon and Flipkart. It is India’s #1 short-videos and shopping application.
In India, the retail market size is around 42 Lakh Crores and out of which the big e-commerce giants holds 3-4 Lakh Crores. That means the major portion is still being catered by brick and mortar type shops. The reason being, the comfort and trust that brick and mortar gives. Moreover, in the shops you will find someone as a sales person showing you the products, telling the pros and cons, and finally helping you in buying the products of your choice. Moreover, the majority of users of e-commerce websites are from top tier cities.
Now, what Simsim is doing, it is trying to replicate the kind of feel and comfort you get in brick and mortar shops, with sales person selling products in your own language of understanding. At present they are selling products through videos commerce in 4 languages Hindi, English, Tamil and Bengali. To act as a sales person, they have hired video influencers in different languages to show case the products, how to use them and finally help buyer buying them. There users are mostly from tier-II and tier-III cities.
Amazing Stats of Simsim
1. They have more than 1 million users on its platform.
2. They have more than 1200 video influencers on its website.
1. Secured $1.7 Million seed funding in the first round from Sunil Kalra , Good Capital , Accel and Shunwei Capital
2. Raised Series-A funding of $6 Million in July-2019 from Shunwei Capital, Good Capital, and Accel.
3. Raised Series-A funding of $8 Million in Feb-2020 from Shunwei Capital, and Accel
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|Face Value:||₹ 10 Per Equity Share|
Please find below the procedure for buying Simsim (SZS Tech Private Limited) Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Simsim (SZS Tech Private Limited) Unlisted Shares at UnlistedZone.
Lock-in period of Simsim (SZS Tech Private Limited) Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Simsim (SZS Tech Private Limited) Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Simsim (SZS Tech Private Limited) Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Simsim (SZS Tech Private Limited) Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
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The Simsim (SZS Tech Private Limited) Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Simsim (SZS Tech Private Limited) Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Simsim (SZS Tech Private Limited) Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Simsim (SZS Tech Private Limited) Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Simsim (SZS Tech Private Limited) Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.