NEW DELHI: Bengaluru-based startup VishUMoney has its primary objective of providing rewarding avenues for its users to earn money. VishUMoney solves the problem of lack of financial reach by addressing all shortcomings in the current market by providing a complete platform that, when availed, can upgrade this financial reach to meeting the essentials needs to accumulating substantial savings on the long run.
They want their users to earn during free time and save money substantially on meeting their needs easily. Claiming to hold a collective earning potential of more than Rs. 500, saving 20% meeting their needs on an average and earning cashback of upto10% anytime all from various brands and services needing genuine public engagement. Spending less than 30 minutes of their time on the platform a user can easily earn Rs. 100 or more.
Having observed economic disparity from a young age in people from various walks of life, Vishnu Prakyath, the Founder of VishUMoney expresses that it had been something that he aimed to solve which incidentally is the primary objective of his startup. Realising that there was a lack of genuine and reliable platforms for all to spend their time online productively to earn money online Vishnu decided to develop a platform himself. VishUMoney is a subsidiary in his family's software services firm Prakyath Applications. Today it boasts of five teams, more than 40 employees handling the different functions of the platform all in a short span of 10 months.
"Empowering the common man to make the most of the available benefits by harnessing the current digital landscape has been my objective since the start of this journey," says Vishnu.
The motive of VishUMoney is to influence 90% of Indians today who are not able to meet all their basic needs. On a feasibility study the team observed an alarming fact. Nowadays the need for accessibility and compulsion to be reachable all the time haslead to most of them owning a smartphone and spending a significant amount of their time online.
The company realised that they could offer more value to people while they are online addressing an important problem - lack of money. By empowering them to earn money doing what they normally would online like suggesting a good phone to buy for a friend on Whatsapp, sharing some posts, participating in contests, reviewing or rating a service etc. All these activities are packaged into small tasks in their Instacash section that can be performed in minutes and on completion VishUMoney rewards them with real money instantly. The acquired balance can be spent by the users for recharge, paying bills or even transferring it to their e-wallets.
They also provide coupons, deals, discounts & cashback for purchasing their wants & needs from top stores like Amazon, Flipkart, Myntra, Tata Cliq & more through an affiliate model. Facilitating their users to save a substantial amount on their expenses. Finally savings & expenses are managed effectively through an advanced wallet system influencing the users spending pattern for the better.
VishUMoney directs all the marketing expenses, market research costs and commissions generally spent by brands to benefit back to the user as real money on availing the same through its platform. The startup has started delivering its objective by saving more than 1.5 Cr to its users through its coupons, deals, offers and has given back more than Rs. 50 Lakhs as cashback and rewards.
"One of the greatest things you can do to help others is not just to share and give what you have, but to help them discover what they have within themselves to help themselves," said Rita Zahara, a highly esteemed journalist and an entrepreneur herself from the developing nation of Indonesia. (NewsVoir)