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Seventymm.com plans to invest $15 million in 5 years

Movie rental company Seventymm.com plans to invest $15 million over five years on expansion and promotion of its services. The company aims to launch its services in 40 cities by the end of 2009.

Seventymm.com currently delivers movies to its customers in six cities — Mumbai, Delhi, Bangalore, Chennai, Hyderabad and Chandigarh. By the end of this year, the company aims to be present in Pune, Ahmedabad and Kolkata.

Movie rental company Seventymm.com plans to invest $15 million over five years on expansion and promotion of its services. The company aims to launch its services in 40 cities by the end of 2009.

Seventymm.com currently delivers movies to its customers in six cities — Mumbai, Delhi, Bangalore, Chennai, Hyderabad and Chandigarh. By the end of this year, the company aims to be present in Pune, Ahmedabad and Kolkata.

Seventymm claims to have about 70,000 users at present. In the next five years, the company is expecting to see its user base grow to four million and revenues to touch Rs 1,500 crore. [Source: DNA, IndianTelevision]

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