Business Description:Four Fraction's ApnaBill.com is a service for facilitating Prepaid and Postpaid utility Bill payments - online.
ApnaBill.com - an offshoot of Four Fractions, aims at being the single point of contact between service providers and customers, thereby minimizing transactional costs and providing the benefits to end user and service provider.
Industry:IT/ Internet/ Software
Founded in:2007
Source of idea:Wanted it as an individual customer
Significant Competitors:Banks with mobile topup module
Fast Recharge Communications, Chennai
Company Details :
Company Name:ApnaBill.com
HeadQuarters:New Delhi
Stage of the company:Several customers or locations
No of Employees (2006):0-5
No of Employees (2007):0-5
Office Locations(2006):0-1
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):preprofit
Profits (2007):preprofit
>Partnerships:Showcased as one of the 15 selected startups at Proto.in July 08 Edition - reportedly more than 100 startups applied.
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:Revenue Sources for ApnaBill.com
* Commission on Prepaid/Postpaid utility bill payments
* Advertisement using profiled user data
* Commission from various channel partners
Awards & honors:Showcased as one of the 15 selected startups at Proto.in July 08 Edition - reportedly more than 100 startups applied.
Promoters Details :
Promoters Name(s):Mayank Jain
Age:25
HomeTown:New Delhi
Education:Bachelors Guru Gobind Singh Indraprastha University
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Software Developer at Red Hat
Ex-Job Description:Product Management
Favorite Book/Movie:Boo Hoo - Story of a Startup
