BWI: Connectindia.in Crosses 1,00,000 Customers

Press release from Business Wire India
Source: Connectindia
Wednesday, October 05, 2011 12:15 PM IST (06:45 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Information technology, Telecommunications; Technology
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Connectindia.in Crosses 1,00,000 Customers


Noida, Uttar Pradesh, India, Wednesday, October 05, 2011 -- (Business Wire India) -- Connectindia (www.connectindia.in), India's biggest internet and mobile plans e-commerce marketplace has surpassed 1,00,000 consumer telecom plans sale in August, 2011. With its own delivery and backend operations in more than 40 cities across India and partnerships with most top telcos, including Reliance, Tata Teleservices, Airtel, Idea and MTS, Connectindia is by far India's largest online telecom destination.

Congratulating Connectindia on this achievement, Manish Dua, Vice President and National Head - Direct Sales at Reliance Communications adds, "It is indeed, a proud moment for all of us here to be partnering with Connectindia. We truly value this relationship and look forward to further strengthening this"

Connectindia has positioned itself to dominate the unaddressed USD 40 Billion annual market for telecom services. Manish Sardana, Co-founder and COO - Connectindia adds, "We saw telecom as a huge, nascent market when it came to e-commerce. The launch of Mobile Number Portability and 3G services are the inflection points that have unlocked the 800 million plus mobile subscriber's market opportunity".

The Mobile Plan Saver tool, developed in-house by Connectindia compares more than 5000 mobile plans and claims to help customers save more than 50% on their monthly bills.

Connectindia is poised to consolidate its leadership position in the telecom e-commerce space. As reported, the plans are to expand to 100 plus cities by the end of current fiscal. Currently 40% customers on the site pay online, 60% customers opt for cash on delivery. Connectindia is one of the few e-com ventures that have grown on revenues while maintaining consistent profitability. Connectindia is on track to hit Gross revenue of Rs.25 cr in the current financial year.

Connectindia is a wholly owned subsidiary of Vriti, an IIT-Alumni founded enterprise. Vriti's investors include Intel Capital and JAFCO Asia. Vriti was awarded India's 5th fastest growing Technology company by Deloitte Fast 50 2010.


CONTACT DETAILS
Manish Sardana,Co-Founder & COO, Connectindia, +91 8750112333

KEYWORDS
CONSUMER, PEOPLE, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY

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