Mumbai-based Suvidhaa Infoserve Pvt. Ltd., the pioneer of the Services Commerce (“S-Commerce”) revolution in India has crossed a mark of 15,000 convenient neighborhood stores called ‘ Suvidhaa Point’ across India in a span of 2 years. Suvidhaa provides services in travel, insurance, banking, utility, telecom, financial entertainment, horoscope, education, e-governance related services to its customers. The company, established in 2007 is promoted by Paresh Rajde, funded by two leading global venture capital firms, Norwest Venture Partners India (NVP India) & Reliance Technology Ventures. The company was initially seed funded by Shapoor Pallonji Mistry.
With the 15,000 mark, Suvidhaa Infoserve has penetrated its presence over 20 states and over 400 cities / towns across urban and rural India. The Suvidhaa Point consists of Kirana Store /Mobile Store / Medicals Store / STD Booth / Cyber Cafe / Travel agent and other categories of neighborhood stores. The Suvidhaa Point offers various services like railway ticket, air, bus, travel packages hotel, utility bill payments, telecom products, horoscope, entertainment, study materials, financial services like Insurance, Loans, e-Governance and lifestyle related services to the consumers in their neighborhood. Suvidhaa’s services intend to allow customers to avail themselves of any service, any time across any sector at single-window access point in a unique click-and-mortar set-up.
Commenting on the occasion, Paresh Rajde , Founder Managing Director & CEO, expressed, “Our motto, right from inception, has been to give convenience and value to all our customers who are looking for travel, utility, e-Governance and entertainment related services.Crossing a mark of 15, 000 outlets gives us immense pleasure as we are gradually reaching out to our customers across the length and breadth of the country and making their life extremely simple and convenient as far as availing the services are concerned. In a span of next one year, we plan to expand across 25,000 outlets pan India.”
Suvidhaa has tied up with IRCTC for railway ticketing, major bus operators and all the major airlines to provide its services. It also has tie ups with telecom services such as Vodafone Airtel, BSNL, Reliance, Idea, Tata and MTNL, multiplexes such as and Fun Cinema., insurance companies like ING Vysya, LIC, HDFC Standard Life, ICICI Pru etc.
About Suvidhaa Infoserve Pvt Ltd (SIPL):
Suvidhaa Infoserve Pvt. Ltd. a company, floated to aggregate, commoditize and distribute the services in most convenient form to the consumers. Suvidhaa provides multiple services under one roof in most convenient form to the consumers.
The motto of the company is to give convenience and value to all its customers who are looking for travel service like Railway ticket, Air, Bus, hotel, utility bill payments, telecom products, entertainment, financial services like Insurance, Loans, investments, e-Governance and Lifestyle related services. Company is committed to develop new strategies and influence business transformations with smart thinking expertise. Suvidhaa’s business expertise aims to address the prevailing gaps in various service sectors. The company uses the technology platform to deliver the services giving an advantage to common man by way of high performance, saving of time & money and higher customer satisfaction. Suvidhaa is headquartered in Mumbai, with branch offices in Delhi, Bangalore, Chennai, and Kolkata.
Suvidhaa currently powers more than 15000 local neighbourhood convenience stores spread across 20 states in over 400 cities/ towns. The Suvidhaa Point is consisting of Kirana Store /Mobile Store / Medicals Store / STD Booth / Cyber Cafe / Travel agent and other categories of neighborhood stores. The main premise of this platform is to bring convenience to customers near his house.
For more information, please visit: www.mysuvidhaa.com
About Norwest Venture Partners
Norwest Venture Partners (NVP) is a global, multi-stage investment firm that manages more than $2.5 billion in capital out of Palo Alto, California, Mumbai and Bangalore, India and Herzelia, Israel. NVP makes early to late stage venture and growth equity investments across a wide range of sectors including: technology, financial services, infrastructure, consumer, agriculture, manufacturing, telecommunications, retail and healthcare. NVP has actively partnered with entrepreneurs to build great businesses for more than 48 years and has funded over 450 companies since inception.
Notable investments include Actel Corporation, Airespace (acquired by Cisco Systems), Cerent (acquired by Cisco Systems), Corio (acquired by IBM), Cray Research, Documentum, Extreme Networks , Forte Software (acquired by Sun Microsystems), National Stock Exchange of India (NSE), OnMobile (NSE: OnMobile), Open-Silicon (acquired by Unicorn Investment Bank), PeopleSoft, Qumranet (acquired by Red Hat), Rackspace (NYSE:RAX), Siara Systems (acquired by Redback Networks), Shriram City Union Finance, SideStep (acquired by Kayak), Spinnaker Networks (acquired by Network Appliance), Tivoli Systems (acquired by IBM), Transaction Systems Architects (Nasdaq: ACIW), Verio (acquired by NTT), Winphoria Networks (acquired by Motorola) and Yipes (acquired by Reliance/Flag Telecom).
For more information, please visit www.nvp.com.
All brands, names, or trademarks mentioned in this document are the property of NVP.
Reliance Technology Ventures Limited (RTVL)
Reliance Technology Ventures Ltd., is the corporate venture capital arm of the Reliance ADA Group and is ranked 30th among Global VCs and #1 among Indian firms by Red Herring. RTVL was recently awarded the ‘Excellence Award’ by 'Institute of Economic Studies' (IES) to recognize the outstanding contribution to the industrial development of India. RTVL has advised and / or invested in deals to the tune of over $4 billion including in companies such as Yatra.com, India’s largest on-line travel portal, Pelago Inc, Suvidhaa Infoserve, Sequans Communications, Stoke Inc, E-Band Communications Corporation, Seedfund, Scalable Display Technologies and Dhama Apparel Innovations are some of its portfolio investments. RTVL had also advised Reliance Globalcom in the acquisition of U.K. based eWave World and in the $300 million acquisition of US based Yipes Holding, Inc, a leading provider of managed Ethernet Services. eWaveWorld is now Reliance WiMAX World and represents the Group’s $500 million initiative to bring WiMAX to 50 countries by 2012. RTVL has also led the investment into an undisclosed technology company, which formed the basis of the largest venture capital transaction in India. RTVL invests in leading edge technologies, disruptive business models and technology enabled companies around the world. The firm partners with established institutions globally and its association with the Massachusetts Institute of Technology (MIT) has resulted in its funding of two innovative start-ups which emerged out of the prestigious institution. RTVL works with and co-invests with leading venture capital firms across the globe such as KPCB, Sequoia and Norwest Venture Partners. It has built from ground-up India’s leading online travel portal, Yatra.com, which has revenues of over Rs.1400 crore ($300 million).
For further information please visit: www.rtvl.co.in
