Mumbai based MOS Utility records 47% growth in revenue during lockdown.

Mumbai based MOS Utility records 47% growth in revenue during the lockdown.

India’s one of the leading B2B e-commerce firm MOS Utility private limited has recorded 47% growth in revenue amid the coronavirus pandemic, a senior company official Ravi Ruparelia said on Thursday, 22 April 2021.

Amid the slowing economic activity, COVID-19 has led to a surge in e-commerce and accelerated digital transformation. As lockdowns became the new normal, businesses and consumers increasingly “went digital”, providing and purchasing more goods and services online, raising e-commerce’s share of global retail trade from 14% in 2019 to about 17% in 2020.

“The Indian eCommerce industry has witnessed a huge upsurge due to COVID-19 and there is substantial room for future growth,” said Chirag Shah, Co-Founder & CEO, MOS Utility.

MOS Utility is planning to expand their Fintech business to eastern India and create their reach to interior parts of india where banking facilities are not developed. Building Insurance portal in local language will be one of the key development for company, which is targeting to insurance 25,00,000 families in 2021.

“Expanding to tier 2+ is a very large opportunity, which has remained untapped because of unique challenges that traditional e-commerce models have struggled to address. MOS Utlity’s unique business model has allowed it to bridge this gap and offer a high trust and super convenient consumer experience” said, Hitesh Ruparelia, President Ruparelia Funds

Contact Information:
Chirag shah
chirag@multilinkworld.com

https://easypresswire.com/release/3253-mumbai-based-mos-utility-records-47-growth-in-revenue-during-lockdown.html

#digitalIndia #businessopportunity #business #entrepreneur #AEPSbanking #MicroATM #mobilerecharge #moneytransfer #digitalfintechcompany #MOS

Comments

Things to Know Before You Work On An Online Business Opportunity

The idea of a “job for life” is now a thing of the past. There is an increase in the numbers of people going online to create their own legitimate work from home businesses. An online business opportunity is a great way to generate income. An online business opportunity not only offers great growth prospects but also has no time restraints. Wanting to start your own online business is a smart move for a lot of reasons. So, how can you possibly choose the right online business opportunity for you? But the biggest mental hurdle most of you face is figuring out what the best online businesses to start with. You see, there are only two types of businesses: Product based Service based A product-based online business is one where you're selling products directly to customers. E-commerce stores are a perfect example of a product-based internet business. Just be aware it can take several weeks or months for this type of business to earn money. Service-based bus...

Benefits of Buying an Authorized Franchise Agency

In a franchise business, the franchisor provides a developed way of doing business, ongoing guidance, systems and assistance in return for periodic payment of fees and/or purchases. The main purpose of business is to earn profits and business expansion, creating the own niche in the industry. The high ROIs are always welcomed along with other business perks. Advantages of buying an authorized franchise agency. 1) Brand recognition Branding is a very powerful component in business. According to the online dictionary, brand recognition is a marketing concept that shows customers’ knowledge of a brand existence. To open a franchise offers a brand which has already established and people are familiar with. A national franchise consulting and marketing firm, works with franchisers to help them sell to prospective franchisees and to refine their brand 2) Lower Risks for Failure Entering in an industry, the most important thing for entrepreneurs is the lo...

THINGS TO CONSIDER WHEN BUYING A FRANCHISE

Deciding to take on a franchise is a big commitment with a number of keys factors to consider. So what should a new franchisee be looking for? My first point would be to look for franchises that are part of the British Franchise Association (bfa). To become a member, a franchisor has to go through an accreditation process – so you can be reassured that you are dealing with a reputable business. You can check membership on the bfa website.Make sure you shop around and don’t just speak to just one franchisor – no matter how much you like the business. Compare them to other, similar franchises or those with a similar cost set-up to make sure you’re making the right selection for you. Take advice from family members. Will they support you as the business starts, takes off and through any challenging times that might arise? Also, make sure you consult other professionals, such as a lawyer to check the agreement and an accountant to check the numbers.It is also good to ask the franchis...

MOS World

Search This Blog