28899

Wagemart India

India, Jharkhand
Market: Telecommunications
Stage of the project: Operating business

Date of last change: 05/24/2018
Min investment
$  1.000.000
0
Total required
$ 5.000.000
Rating
equalizer 165 из 1000
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Idea

wagemart India is a service provider that provides an outstanding platform to all the aspiring entrepreneurs who want to establish or expand their business related to recharge of prepaid mobile/DTH/data card. We provide innovative and cost effective solutions to small, medium and large scale business enterprises. wagemart.in has pioneered the idea and execution of quick and flawless recharge of prepaid mobile/DTH and data card, money transfer, and utility bill payments.

Current Status

We are in Middle stage of our project as we already launched our Website in 2 states with 25 distributors and 800 above retailers we achieved monthly sale value of rs 70 lac till

Market

We have a big market every were but our focused base is rural market of every state

Problem or Opportunity

We have too much oppurtunity in market as india is beeing digital and our most of rural areas is still need change so we are planning to launch AEPS services as well as mPos Services to such market for that we already developed our channel with the help of recharge and money transfer business so that we can start with a big boom in market

Solution (product or service)

Currently we are dealing in all type of recharges Bill payment and money transfer and planning to launch AEPS Service and mPos Service

Competitors

there are maney players like oxygen paytm pay2all but all are working either B2C model either they are not directly intact to market

Advantages or differentiators

We are better then our compitators because we are charging less and giving more incentives to our retailers and channel partners

Finance

currently we are charging rs 100 from every retailer 5000 from distributor and 10000 from super distributors and also we are getting approx 1% of the sell out value from the market

Business model

we are planning for a Business to business model and we provide service to our channel partners not directly to our customers basically we work on general trade

Money will be spent on

Recharge balance backup

Mpos Device purchase

Software upgradation

2 months backup of Employee salary

Offer for investor

My offer is of 30% share in the company and if the investor take part in operations it will be negotiable

Risks

There is only one risk that if we dint update our application and technologies then might we get loose our market as there is too much competitor are in market today

Incubation/Acceleration programs accomplishment

not did any programes

Won the competition and other awards

not get any awards Yet
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video