Tag Archive for targets

Focusing on semi-urban and rural areas, fintech start-up True balance launches Gift Cards for unbanked users True balance targets Next Billion Users to provide financial services

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

True Balance, Financial Services Platform has unveiled a new feature gift card in the mobile app. The gift card is a fast and secure recharge option for the users.

Continuing the promise to bring “Finance for billions “, the inception of Gift cards opens a new option for the unbanked users and is an impactful step wherein the bank related frauds are on a high. This unique feature would help the unbanked users/ users who don’t want to use bank details every time to recharge and pay bills on the True balance app; thus, introducing them to digital financial transactions.

This also is a positive step where; in case the user is a non-KYC user he would not have to worry about the monthly wallet limit and can use the Gift card to transact within the app ecosystem. App users can directly add the gift card of any amount from the true balance app. Being transferable; users may gift the gift card to their loved ones on any special occasion. Read more

Premium Fitness Chain eyes Maharashtra Market, targets new age aspirations

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Maharashtra offers huge opportunity for the Indian Fitness Industry which is growing at over 16 % annually. In 2017, the expected value of the retail Fitness segment was Rs 7,000 crore. Premium fitness chain- Anytime Fitness is eyeing Maharashtra market and with expansion of its chain in Mumbai, it also plans to expand its presence in Pune and Nagpur soon.

These cities are witnessing opening of more new premium gyms/clubs by players. The state is catching up Pan India trends in terms of memberships, scope, revenue and overall health benefits accruing from the high quality compelling brand fitness clubs.

Like other metros, people of big cities in Maharashtra also aspire to be fit. However, Mumbai, being the city of dreams, offers huge potential for the fitness clubs to attract. They are exercising more and willing to spend money on compelling brands. The company has so far opened three gyms and more are planned to be added in the coming years’ in Mumbai. Anytime Fitness has chalked out a national expansion plan and is targeting Tier 1 & 2 cities.

“Indian Fitness Industry, currently at Rs 7,000 crore is progressively growing, offers huge opportunity for investment and profitable venture as the industry’s penetration to the market here is merely 1% now. With over 10 lakh people joining health clubs each year, Anytime Fitness India is all set to be a market leaders with its franchise business model is on 3-years unit growth strategies,” said Vikas Jain, Managing Director, Anytime Fitness India. Read more

Lifeasy turns Cash Positive, targets ₹50 crore revenue by 2020

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lifeasy, India’s leading On-Demand home services app, is now a cash positive organization- the first in the On-Demand Home Services Industry.

Speaking on the development, Rakesh Gupta, Co-Founder Lifeasy, said, “In a span of 2 years, Lifeasy has endeared itself to its users and subscribers. We have gathered our learnings from every single one of the 30,000+ services & deliveries that we have done so far. We are sure that our consumers will continue to place their faith in us and that Lifeasy will go ahead full steam with the varied offerings & plans that we will have in the coming future”.

Lifeasy is about making people’s life easy by letting them worry- one thing less at a time. With services ranging from cleaning to repairing to painting and others, Lifeasy is not a marketplace or an aggregator in a category crowded by the likes of UrbanClap or Housejoy. Only two years old, Lifeasy is a bootstrapped between its Founders. While FY 2016- ‘17saw 4000 completed orders, FY 2017-18 saw over 25,000 and a revenue stream of Rs. 3.25 Crores.

The current basket from Lifeasy works across 200 types in 18 categories. The variety ranges from repairing leaking taps to old furniture. From fixing electrical issues to appliance repair, home painting & cleaning services, personal care services and much more. Currently serving in the Delhi-NCR region (Delhi, Noida Greater Noida, Gurgaon, Ghaziabad & Faridabad), Lifeasy is a bootstrapped operation- having started with only Rs. 1.25 Cr. and will eventually move in to raise funds to accelerate its growth path. The expansion plans include expanding into the Bengaluru & Mumbai spaces after the Delhi-NCR market and expand its basket of services, so that Lifeasy becomes the partner of choice for any service at any home.

With a target of reaching the Rs. 50 Cr revenue mark by Q1-2020, Lifeasy plans to scale up with a daily service execution of 500-600 per day in the immediate future and going to 1500 services per day with the addition of the new cities- having services over 30,000 customers already in FY 2017-18 (inward revenue of Rs.3.25 Cr). Read more

SB Energy, IL&FS Join Hands to Anchor GoI’s Solar Targets

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr Hari Sankaran, Vice Chairman, IL&FS Group

In a major boost to Government of India’s ambitious target of adding 100GW of solar power by 2022, IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid connected solar parks. These parks will be developed across various locations in India. Read more

Symphony targets 55% share of Indian air cooler market this summer

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By Vivek K Mob: 00919820310487 E-mail: indianshowbusiness@gmail.com

In order to expand the branded air cooler category, Symphony Limited, the world leader in air cooler manufacturing, has recently launched ‘India Ko Rakhe Cooler’ – a pan India campaign. Through this campaign the company targets 55% share of the Indian air cooler market this summer. The campaign focuses on creating awareness about benefits of using air coolers and company’s wide range of products that are designed to fit every diverse socio-economical Indian needs.

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