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IndiaReads.com to facilitate economic sharing and make reading affordable
Highlights
To facilitate economic sharing and make reading affordable Launched with a philanthropic vision, to make reading affordable, IndiaReads.com is a unique, one of its kind e-Commerce platform in India. IndiaReads.com is India’s largest rental platform for books and other knowledge sharing resources, a classic example of technology being used for mass affordable reach of knowledge.
To facilitate economic sharing and make reading affordable Launched with a philanthropic vision, to make reading affordable, IndiaReads.com is a unique, one of its kind e-Commerce platform in India. IndiaReads.com is India’s largest rental platform for books and other knowledge sharing resources, a classic example of technology being used for mass affordable reach of knowledge.
The platform currently offers over 1.8 lakh titles on rent, across 50+ genres of reading which includes Academic textbooks, competitive exams, fiction, technology, non-fiction, management, self help etc. IndiaReads.com has grown 15 times in last one year and boasts of over three lakh registered users. These users pay an initial base price for the book when they place an order online. When the user returns books, rent is deducted from the initial paid amount and the remainder is refunded. IndiaReads.com offers a flexible rental structure ranging from one month to one year, depending on the needs of the user. For example, one may want to rent a fiction book for maybe less than a month, or an engineering textbook for three months. Unlike buying, renting helps user save up to 80%, thus providing an immensely cost effective reading solution. IndiaReads.com provides at your door- delivery and picks-ups of books and this is included in the rental charges.
IndiaReads.com offers white label corporate library platform, where companies can provide access to a uniform knowledge resource to its employees pan India. The platform is cost-effective to provide access to knowledge to employees sitting at multiple locations with zero investments. IndiaReads.com corporate library platform has gained amazing traction with clients like HDFC Bank, Mahindra & Mahindra, Axis bank, Genpact, Whirlpool to name a few. IndiaReads.com corporate library platform aims to boost reading culture within the company with social features and capacity building recommendations to help employees make the best of the initiative.
IndiaReads.com is building a shared resource platform that offers not just physical books, but also digital content like e-books, e-magazines, audio-books & video courses. The resource can be accessed on platforms like web, android, iOS by individual users & organizations like corporates, schools, colleges alike. With a dynamic team of 30, IndiaReads.com is working day-in and out to build a reader’s hub with affordability and knowledge at the centre. The company’s mantra is “Why buy, if you can read & return?” is catching up with people’s psyche real fast.
IndiaReads.com has raised angel investments from Dr Mahendra Mehta, Shrawan Chhajer, Namit Raisurana and Prashanth Nerella.
Dr Mahendra Mehta is the CMD of Neural Technologies. Previously, he was the head of Credit Analysis at Citibank. He has taught at the esteemed London Business School in 1991-92 and Swiss Federal Institute of Technology, and authored Neural Networks in the Capital Markets, published by Wiley & Sons in 1995. It is an honor to have a man of such accomplishments invest and belief in the vision of IndiaReads.com.
Mechanical Engineer from IIT Bombay, Mr Shrawan Chhajer is the director of CNS Machines, largest importer of embroidery machines in India.
Mr Namit Raisurana is Data Product Manager at Facebook & guest speaker at Stanford University and Mr Prashanth Nerella is the Head of Business Intelligence at Facebook and Instagram.
“The belief and support of such accomplished people in our product is stimulating enough,” says Mr Pranil, explaining the panel of angel investors.
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