This should be of primary interest to entrepreneurs in Mumbai/Pune who view making lives of seniors in India easier as an attractive business opportunity.
As a family ( my father, brother and me) our interest is in backing entrepreneurs who want to attack this space. We have put together a one pager that details
1. The Opportunity
2. What the Entrepreneur needs to do
3. How we can help
4. Next Steps
5. Criteria
We think Pune could be a good beta site as my father could help get beta customers. He also has deep domain knowledge. The entrepreneur’s would need to use own/friends/family money to bootstrap and do a beta in Pune. In 3-5 years the membership should exceed 1 million seniors across India and the ARPS ( Average Revenue Per Senior) should be Rs 200 or more per year or in other words total revenues should exceed Rs. 200 million. My brother and I could help as advisors/investors and in closing angel/VC rounds if that is required.
Entrepreneurs who want the one pager should contact my father at hbhargava@vsnl.com or I can post the one pager on this site. If comments ask me to I will.
On this post please comment on whether posting opportunities like this is appropriate and useful ? On this particular opportunity do you think it is a real opportunity ? Do you know of startups or large companies attacking this space ? Whats the scoop on Harmony, Tina Ambani’s effort ?
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I am really interested in such a business model.Please send me the one pager
chintu_rang@indiatimes.com
It is good to see that people are now thinking of senior citizens… With the steep rise of people leaving India for better opportunities abroad, so many ageing parents are now forced to stay alone. They definitely need to have a dependable support system that can provide them much needed care and affection. In this regard, I found Sahara Care House really very helpful. The company offers round the clock medical emergency service ( http://www.saharacarehouse.com/services.aspx )to its members. You have to pay some money initially, and your family members can avail healthcare and other benefits of the paid amount for a year. According to the website, in case of an emergency situation your parents would just have to make a single call to the company and they will immediately arrange doctor and ambulance.
Hi,
This is a great business idea and opportunity, especially with a long term focus. If any of you guys get into it or come across anyone who wishes to then I would be happy to help with refinement of the service/business concept, formulations of sound business strategies, management processes and service unfolding at the customer level.
I would have personally floated an organisation on this idea a couple of years ago but things went sour with the investors and the project was scrapped.
The beauty of any such venture is that we would actually be able to make a meaningful difference in the quality of lives of people who stood for us when we were little children and whom we are slowly and thanklessly forgetting… this, despite all that they have done for giving us this so called successful “future”…
This venture shall focus passionately on providing excellent empathy and service and profits as profits will fuel the growth,success and reach of the
venture.
The heart of an NGO and the mind of a Business shall prove to be a significant determinant in the success of this venture
If someone is game for this then I am too, for starters Pune looks like a good market to shoot off.
If I am, in any way required, then kindly contact me at: rj.samurai@yahoo.com
RJ
Please send me your one pager. A few of my senior friends and I are also working on such a project. Perhaps we can help each other.