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
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
