Business Description:Seventymm - www.seventymm.com offers movie rental services to its members across 6 cities in India, namely Bangalore, Chennai, Hyderabad, Chandigarh, Delhi and Mumbai. The portal offers its subscribers over 18, 000 movie titles to choose from and also offers its consumers flexible subscription options under the three subscription plans - one DVD Basic, one DVD Unlimited and the two DVDs Unlimited plan to choose from. The company offers free pick up of movies as per consumers' convenience and has an efficient and reliable logistics infrastructure to which delivers and pick-up movies from the consumers' doorstep absolutely free.
Visitors can become a member by logging onto www.seventymm.com or by calling the customer care number and select the movies of their choice.The company also provides information to consumers over SMS; one just has to SMS 70 to 5757570. The website offers informative content and easy to use site navigation along with a variety of search and browse features.
Industry:Media/ Entertainment
Founded in:2006
Source of idea:Wanted it as an individual customer
Significant Competitors:Big Flix, Moviemart, Clixflix, Catchflix and Showtime
Company Details :
Company Name:Seventymm
HeadQuarters:Bangalore
Stage of the company:Several customers or locations
No of Employees (2006):101-300
No of Employees (2007):301-1000
Office Locations(2006):6-15
Office Locations(2007):6-15
No of companies promoted:Yes (2)
Profits (2006):
Profits (2007):
>Partnerships:
Initial Funding:Venture capital
Addl Funding:Venture capital
Institutitional Capital:Yes
Revneue Model:The site and growth of the movie rental market is a function of the hardware i.e. DVD player penetration. Current DVD player penetration in India is approximately 47 million and is projected to grow to 104 million by end of 2012. the total rental market is estimated to be at $3 billion by 2012E. Our goal is to have 4 million members by then and a revenue of around RS.1500 crores, with a presence in over 45 cities.
Awards & honors:PC World Award 2008 for the best website in the movie rentals category
Promoters Details :
Promoters Name(s):Raghav Kher
Age:48
HomeTown:Dharwad
Education:Masters
No of companies promoted:Yes (2)
Family Background:First gen entrepreneur
Job:Founder & CEO at Rendition Networks
Ex-Job Description:Founder
Favorite Book/Movie:Sound of Music
