The numbers are out for Crown-it, a unique app that offers cash back to its users and provides customer loyalty and customer engagement software solution to retail and non-retail business. Delhiites know it better for the cash back it provides on restaurant bills that can be redeemed for recharge, shopping, movie tickets and more!
Launched in 2014, Crown-it currently operates out of Delhi-NCR. It was founded by Sameer Grover (Company name: GoldVIP Technology Solutions Private Limited). Tofler is the first to report its revenue and financial performance for Financial Year 2014-15.
Financial Performance of Crown-it
The total revenue for the company for the FY 2014-15 is INR 2.73 lacs. This was the first year of revenue as the company had minimal operations in FY 2013-14. Due to the cash-burn and aggressive growth strategy, the company incurred a loss of INR 2.05 crores.
The company has already attracted investments from Accel Partners and Helion Venture Partners and plans to expand to 4 cities by this year end and 25 cities by 2018. We do hope it keeps crowning more and more customers as it continues to grow.
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Author – Vishal, a recent addition to Team Tofler, combines his passion of writing with searching for a worthy story in a Company, to make an interesting read.
Editor – Anchal, founder at Tofler, is a CA, CS and has more than 5 years experience in company analysis. She likes to explore and track companies, their performance and senior management.