Business Description:ngpay is India's largest mall on the mobile. Through ngpay, consumers anywhere across India can shop, buy tickets, bank, pay bills, order food and more - easily and securely - from a fast-growing network of India's leading businesses from a single place on their mobile handset.
Industry:Telecom/ Mobile
Founded in:2004
Source of idea:
Significant Competitors:Custom-built applications or SMS services developed by IT companies for large merchants.
Company Details :
Company Name:ngpay
HeadQuarters:Bangalore
Stage of the company:Scaling up
No of Employees (2006):6-15
No of Employees (2007):16-25
Office Locations(2006):0-1
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):Did not exist
Profits (2007):Did not exist
>Partnerships:ngpay is India's largest mall on the mobile. ngpay has partnered with 60+ of India leading merchants, banks, and service providers across 10 sectors with whom our customers transact. The full list of ngpay partners is available on www.ngpay.com.
Initial Funding:Family & friends
Addl Funding:Venture capital
Institutitional Capital:No
Revneue Model:ngpay is free for users and requires no IT cost from our partners to join ngpay. As an eCommerce service and sales channel for our partners, ngpay receives a percentage of the value of each transaction - which is ngpay's primary source of revenue.
Awards & honors:One of the "Top Ten Companies to Watch" by the Economic Times & Business Today, "Most Innovative Technologies in India - by Microsoft and one of the "Top 100 IT Innovators" in India by NASSCOM. ngpay has recently been shortlisted for the Manthan Award for South Asia?
Promoters Details :
Promoters Name(s):Sourabh Jain
Age:31
HomeTown:Bangalore
Education:Bachelors
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Engineer at Lucent Technologies
Ex-Job Description:Platform & Product Development
Favorite Book/Movie:A Fine Balance
