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 ?
- Community Platform For Ward 103 - November 22, 2012
- Municipal Elections New Delhi-16 days for rolls to close - October 15, 2011
- The next Facebook ? - September 17, 2011
Hi
Great idea, or the formation of one. The main problem that I forsee from a business point of view is that of the number of seniors who use PC’s.
Also it depends on what the idea is, as a poster above mentioned you need to make sure its not to business minded, but has a more personal touch, I think anything to get them in touch with other seniors, more active within there own communities would be great.
Would like to get the one pager, to see the concept
Iqbal
It is definitely an opportunity but I feel it should be seen with a more human touch than any other business.
As time progresses, on one hand seniors are only going to get lonelier, but on the other many would have more disposable incomes. There is a clear need for things such as special tourism opportunities for them (designed not only with religious/ spiritual objectives in mind -of course, those too), entertainment (multiplexes and film clubs playing oldies etc. among others).
Great post. Even though im located in the USA, India is definitely going to start playing a much bigger role than it already does in the tech industry. With the aging of the next generation, services for the elder populations of any country will be a good market to get into.
And, i think it would be interesting to see similar posts. Would be very useful.
If “Making life easier for seniors” involves services to pay their bills, get medical checkups done or all other running around jobs, then there are things like yourmanindia http://yourmaninindia.com/ which is just a superset of your idea.
However if the focus be “Improving the quality of life of seniors in REAL terms”, it could be HUGE oppurtunity and not just in India.