Top News

RechargeItNow crosses Rs 600 crore worth transactions in 2012; wins Nasscom EmergeOut

Gurgaon-based Online Recharge Services
Limited’s mobile and DTH recharge platform RechargeItNow.com has bagged the Nasscom
EmergeOut Conclave 2012 Award. The award
was presented to RechargeItNow.com for crossing the ‘emerge’ milestone in
revenue for the year 2012. RechargeItNow.com claims to have done over Rs 600

Gurgaon-based Online Recharge Services
Limited’s mobile and DTH recharge platform RechargeItNow.com has bagged the Nasscom
EmergeOut Conclave 2012 Award. The award
was presented to RechargeItNow.com for crossing the ‘emerge’ milestone in
revenue for the year 2012. RechargeItNow.com claims to have done over Rs 600
crore worth of annualized transactions on run rate basis.  It currently services over 100,000 recharges
daily and has around 5 million registered users.

Earlier in an interview with India Digital Review,
Sharat Jain, President, RechargeItNow had said that the company expects to close
the financial year with over Rs 400 crore of revenue.

RechargeItNow.com also says that the
platform has a registered base of around 5 million users (5% of active online
users in India) with an addition of approximately 200,000 new users every
month. The site commands an estimated 13% of the non-travel ecommerce market
share and an estimated 3.5% of all DTH recharges and 0.6% of all prepaid mobile
recharges in India and is achieving 50% click to buy conversion rate.  

Sharat Jain, President, RechargeItNow.com said, “It
is a huge achievement for a very young company to be recognized for its stellar
growth in the online space especially when most ecommerce initiatives are
facing growth related challenges.  We are
grateful to our customers who are singularly responsible for us to achieve this
great feat.  We are totally committed to
driving value to our consumers and will continue to deliver more.”

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close