Hello every one, I am from India and I have a food delivery app up and running which covers 3 cities in National Capital Region(NCR) I have ~8000 installs already and served many customers already. I don't have a kitchen setup but have tie up with restaurants, I want to expand this business and looking forward to raise some money to spend on advertisements and perks to customers. Can I launch an ICO for this ?
The Website address is:
http://acchakhana.comand the app can be found on:
https://play.google.com/store/apps/details?id=com.accha.kkhanaAny inputs/guidance would be really appreciated
India has some pretty hostile crypto regulations. I really think that you should consult some lawyer before you actually launch an ICO as it could potentially qualify as unregulated/unregistered securities of a company.
Plus, what is the ICO going to be for? What are the tokens going to do? Is it going to be shares in your company or tokens that you can buy food to be delivered to your door?
To be honest, I don't think you'll see much success. 8k customers is good but not that much in the greater scheme of things. I really doubt you'll generate much interest in such a localized service. Usually, successful ICOs have products that are ready to be used worldwide, and obviously deliver apps like yours are restricted by geographical regions. So I would advise against it.