Wed, Jun 28, 2017 | updated 02:15 AM IST

Timesaverz achieves break-even, rides high on home cleaning category

Updated: Sep 02, 2016 19:10 IST      
Timesaverz achieves break-even, rides high on home cleaning category

New Delhi [India], Sep 2 (ANI): India's first on-demand home services company Timesaverz has achieved breakeven in two out of the six categories it is operational in across seven cities of operation.

Taking the Swacch Bharat campaign motive to homes three years back by introducing professional home cleaning as one of its introductory services, Timesaverz today boasts of 22 percent of revenue in its kitty from this category which has since inception gone on to expand into more than a dozen services including sofa cleaning, car cleaning, carpet cleaning, windows cleaning, kitchen cleaning, washroom cleaning and others.

"We were the pioneers in aggregating the professional home cleaning business and creating a awareness around the merits of such a service. Our constant efforts in building more depth into the category has not only helped Timesaverz attain break even in this category across all operating cities but also contributed to a change in the consumer behavior in terms of adoption of a new service category, which, till about three years back, was restricted to a top-up Diwali cleaning of homes by regular maids," said CEO of Timesaverz, Debadutta Upadhyaya.

From just about one service in a year, this category has evolved to an uptake of around four services in a year in an average household, the average work order size growing by five times and bachelors' pads contributing to the second highest source apart from homes of working couples. What is interesting is that pricing still is the governing factor behind the choice and it is more of women adopting this category than men.

The company now aims to build on more specialized cleaning services as also make an entry into the office cleaning space on the back of its strong B2B portfolio. (ANI)

Tapp Me's on demand service model in expansion mode

Updated: Jun 27, 2017 18:44 IST     

New Delhi [India], June 27 (ANI-Newsvoir): Tapp Me, a Gurugram-based start-up offering hassle-free day-to-day repair and maintenance services for homes and offices, has taken an initiative of creating job opportunities for local technicians in the emerging smart cities of India. After an extensive market research, a model has been developed providing these local technicians regular earnings by working on a profit sharing basis with Tapp Me.

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i2iFunding emerges as first P2P lending player

Updated: Jun 27, 2017 18:38 IST     

New Delhi [India], June 27 (ANI-Newsvoir): The Indian P2P lending industry is in the nascent stage of development.

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Mumbai [India], June 27 (ANI-Newsvoir): Pushpanjali Realms and Infratech Limited, which is engaged in real estate development in Dehradun, Uttarakhand, is entering the capital market with its initial public offering. The issue, which will open on June 27, 2017 and will close on June 30, 2017.

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New Delhi [India], June 27 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed Finance Ministry's decision to delay the enforcement of tax collection and tax deduction at source under the Goods and Services Tax (GST).

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Adda52 announces release of Adda52 Rummy for Android

Updated: Jun 27, 2017 16:36 IST     

New Delhi [India], June 27 (ANI-BusinessWire India): Adda52 Rummy on Tuesday announced the launch of its highly anticipated mobile app, Adda52 Rummy for Android versions 4.4 ("KitKat") and above.

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SAP India, Govt to empower MSMEs with next-gen technology

Updated: Jun 27, 2017 16:31 IST     

New Delhi [India] June 27 (ANI): Commemorating International day for MSMEs, SAP India on Tuesday signed a Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises to jointly launch Bharat ERP - an exclusive programme to empower MSMEs with next-gen technology to fuel their digital journey.

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New Delhi [India], June 27 (ANI): The Reserve Bank of India (RBI) on Tuesday issued an advisory letter to banks asking them to incorporate additional provisioning on the 12 loan accounts to be referred to the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code (IBC), reports Moneycontrol.

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Vishal Sinha appointed as CEO, CWT India

Updated: Jun 27, 2017 15:13 IST     

New Delhi [India], June 27 (ANI): Carlson Wagonlit Travel (CWT) on Tuesday appointed Vishal Sinha as the new CEO of CWT India, and will be based in the firm's head office in Gurgaon.

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New Delhi [India], June 27 (ANI-BusinessWire India): With the recent increase in student intake by almost all the colleges, an unusual trend has been observed by CollegeDunia, one of the largest college aggregator portals that colleges with better reviews on their portal are witnessing an increase in their application rates while those with poor reviews are actually facing scrutiny in terms of admission trends.

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Unicommerce Solutions are now GST-ready

Updated: Jun 27, 2017 14:27 IST     

New Delhi [India], June 27 (ANI-BusinessWire India): Unicommerce, India's leading SaaS-based multichannel order fulfillment platform showcased its Goods and Services Tax (GST) ready solutions for online sellers at an event on Saturday.

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New Delhi [India], June 27 (ANI): Lauding the commitment shown by India and the United States towards increasing market access in the Information Technology (IT) and other sectors, ASSOCHAM on Tuesday asserted that it will be highly beneficial to the upliftment of the USD 150 billion software and services industry in the country.

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New Delhi [India], June 26 (ANI): The Healthcare Federation of India (NATHEALTH) organized its second western roundtable meeting in Mumbai and deliberated on host of issues related to healthcare sector in India.

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New Delhi [India], June 26 (ANI-NewsVoir): Maharishi University of Information Technology, NOIDA celebrated the stellar performance of its students in the recently held Techgig Code Gladiators 2017 contest in Bangalore.

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New Delhi [India], June 26 (ANI-NewsVoir): Anuj Puri, Former Chairman and Country Head of International Property Consultancy JLL India, today announced the launch of ANAROCK Property Consultants Pvt. Ltd., essentially rebranding JLL's erstwhile residential brokerage business which he acquired earlier this year.

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New Delhi [India], June 26 (ANI): Paytm Mall is contributing towards the growth of automobile dealers by bringing their offerings online. This has enabled over a thousand dealerships across the country to reach a wider set of customers.

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New Delhi [India], June 26 (ANI): With the rollout date of the Goods and Services Tax (GST) inching closer, the Finance Ministry on Monday announced a delay in implementation of the provisions of Section 51 and 52 under the CGST / SGST Act, 2017, aiming to ensure smooth rollout of the GST.

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Unidentified men loot 37 lakh from Flipkart centre in Delhi

Updated: Jun 26, 2017 12:25 IST     

New Delhi [India], June 26 (ANI): Unidentified men looted Rs.37 lakh from a Flipkart dispatch centre in the Jhilmil Industrial Area of Delhi yesterday.

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New Delhi [India], June 25 (ANI): Sikshana Foundation, a Karnataka-based NGO, in collaboration with Dell awarded scholarships for the education of 360 underprivileged girl children from rural Karnataka.

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ASSOCHAM-PwC report urges efficient waste disposal

Updated: Jun 25, 2017 09:27 IST     

New Delhi [India], June 25 (ANI): In the wake of an improper waste disposal system, with waste being dumped without sufficient treatment, an ASSOCHAM-PwC study revealed that an estimated 88 square kilometer (sq. km.) of precious land needs to be brought under waste disposal through land filling by 2050.

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New Delhi [India], June 24 (ANI): On the occasion of International Yoga Day on June 21 st, Ruchi Soya Industries Ltd. launched a pioneering initiative, the Ruchi 'Saral Yoga' Abhiyaan to integrate yoga in the corporate routine through daily yoga sessions for all employees.

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