OCEAN SOFTWARE TECHNOLOGIES

Strategic Investment Proposal

IBank NX — Next-Generation Core Banking Platform

Product Expansion & Market Scale-Up

Funding Sought: ₹60 Lakhs – ₹80 Lakhs

Nagpur, Maharashtra, India | oceansofttech.net

Executive Summary

Ocean Software Technologies seeks strategic investment of ₹60 Lakhs – ₹80 Lakhs to accelerate development and market expansion of IBank NX, a cloud-ready core banking platform designed for Credit Cooperative Societies, NBFCs, Nidhi Companies and SACCOs.

“We are not building a new product — we are modernising a proven one with a decade of domain knowledge, a loyal client base, and an addressable market of 97,000+ cooperative societies in India.”

Company Overview

Detail Information
Company Name Ocean Software Technologies
Founder Yogesh Anand Kedar
Experience 18+ Years in Cooperative Banking Software
Location Nagpur, Maharashtra, India
Website www.oceansofttech.net
Technology Django, Python, PostgreSQL, ASP.NET, SQL Server

Product Portfolio

Product Technology Status
IBank NX (I-Bank 5.0) Django 5.2 + PostgreSQL Active Development
IBank 4.0 Django + PostgreSQL Production & Existing Clients
I-School Django + PostgreSQL Active Development

Market Opportunity

97,000+

Credit Cooperative Societies (India)

9,000+

NBFCs & Nidhi Companies

25,000+

East Africa SACCOs

Ocean Software Technologies already serves cooperative institutions through IBank 4.0 and is positioned to capitalize on the growing digital transformation initiatives across India and Africa.

IBank NX Highlights

  • Cloud-Native Architecture
  • Django 5.2 LTS + PostgreSQL
  • Advanced Security & Encryption
  • REST APIs & SaaS Ready
  • Loan, Deposit & Ledger Management
  • Audit Trail & Role-Based Access
  • Multi-country deployment support
  • India & Africa market readiness

Use of Funds

Allocation Amount (₹)
Product Development 8,00,000
Team Hiring 8,00,000
Sales & Client Onboarding 9,00,000
Cloud Infrastructure 9,00,000
Legal & Compliance 6,50,000
Director Remuneration 19,50,000
Total 60,00,000

Financial Projection

Revenue Stream Year 2 Year 3
Implementation Fees ₹6,00,000 ₹12,00,000
AMC / SaaS ₹6,00,000 ₹15,00,000
IBank 4.0 AMC ₹12,00,000 ₹18,00,000
Africa Licensing ₹40,000 ₹2,00,000
Total ₹24,40,000 ₹47,00,000

Why Invest?

  • 18+ years of cooperative banking software expertise
  • Existing recurring AMC revenue base
  • Cloud-ready SaaS architecture
  • Large untapped cooperative market
  • Regulatory push toward digital adoption
  • Africa expansion opportunity
  • Founder-led execution model
  • High customer retention potential

Investment Structure

Term Details
Funding Range ₹60,00,000 – ₹80,00,000
Instrument Strategic Equity / Convertible Note
Equity Offered 15% – 25%
Exit Horizon 5–7 Years
Board Seat Available for ₹1 Cr+ Investment
Minimum Investment 5,00,000

Contact

Yogesh Anand Kedar

Director, Ambudhi Technologies Pvt. Ltd.

📞 +91 94236 85852

✉ [email protected]

🌐 www.oceansofttech.net

Shop No. A-002, Shivaji Park,
Shrikrishna Nagar, Nandanvan,
Nagpur – 440009

Schedule Investor Discussion