|Current Status||Concept / Business Plan|
|Amount Invested||RM 50,000|
|Funding Required||RM4,000,001 to RM5,000,000|
|Description||Running-Fever targets runners around the world and provide them with a common platform for virtual marathon event. Running fever stimulate a passion for running . Professional runners as well as non-runners comes under one roof to showcase their skills and compete.
Running –fever provides its user with a cutting edge of participating in an event with one of the fastest runners around the globe. Professional runners can regularly monitor their scores and improve by participating in various events. There is no limit to as how many times a user can participate . Meanwhile non-runners can start from here , we are providing them with a virtual experience of how it is to run in a marathon.
|Business Opportunity||Healthcare industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well private players.
The total industry size is expected to touch US$ 160 billion by 2017 and US$ 280 billion by 2020.
Considering Fitness and Wellness industry it has touched $2.4 Billion by 2015 with growth of 20 %
|Management Team||Mr. Varun Arora- (Founder & CEO): Mr. Varun has had a 8-year of Domain experience. He founded this company in 2013 with different product line, because he himself has been involved in project development he understand the product background.
Ms. Pooja (MD): She has worked with many reputed enterprises and has work experience of 7+ years in different industry verticals always attached with market trends. Her guidance to team is always remarkable.
Ms. Khoosboo (COO): Young, enthusiastic leader who gives flexibility to suggest opinions to her team member that impact the user friendly work environment at place.
|Company Background||I am Varun founder and CEO of SISGAIN (www.sisgain.com), which falls under IT domain with vast business opportunities floating in this sector. So far what business I have handled it’s profitable and I’m really good at it. However, to increase our business reach and multiply the profits we have came up with new venture.
I am co-founder at Running-Fever. We are a start-up developing and working on novel concept that targets runners around the world and provide them with a common platform for virtual marathon event. We aim to record the largest marathon in the world. We are projecting this app as single platform for users to run, shop, and create new challenge.
|Funding Milestone||PHASE 1- RM 200000
PHASE 2- RM 200000
PHASE 3- RM 100000
|Expected ROI||2016- US $ 1.6 Million 2017- US $ 2.8 Million 2018- US $ 3.5 Million 2019- US $ 4.3 Million|
|Business Address||C-124A, SECTOR 2, NOIDA, UP INDIA|
|Contact Person||VARUN ARORA|