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.”