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Suvision Holdings dilutes stakes to expand online portal
By siliconindia
Bangalore: Suvision Holdings, a Bangalore based company, is planning to raise 
2.5 crore by diluting 25 percent of its stake for expansion of its online portal IndiaMoney.com. IndianMoney provides free financial advisory services to people on their investments through online and offline mode. The deal will value the company at 10 Cr.
The company also runs 'Money School', which offers a collection of more than 15,000 pages of articles on finance, 5,000 financial terms and various financial games. It also offers services by partnering with colleges through franchise network. The range of franchise fee is 25,000 to 2, 50,000.
The company has plans to add more franchise network. They are planning to add 150 networks in next one year and 400 franchises in 8000 colleges in two years.
Suvision earns revenue from its network by giving advice to them and charges 300 per client. For FY 2010, company created revenue of 30 Lakhs. For the FY 2011, till January end the revenue is 44 Lakhs.
2.5 crore by diluting 25 percent of its stake for expansion of its online portal IndiaMoney.com. IndianMoney provides free financial advisory services to people on their investments through online and offline mode. The deal will value the company at 10 Cr.
The company also runs 'Money School', which offers a collection of more than 15,000 pages of articles on finance, 5,000 financial terms and various financial games. It also offers services by partnering with colleges through franchise network. The range of franchise fee is 25,000 to 2, 50,000.
The company has plans to add more franchise network. They are planning to add 150 networks in next one year and 400 franchises in 8000 colleges in two years.
Suvision earns revenue from its network by giving advice to them and charges 300 per client. For FY 2010, company created revenue of 30 Lakhs. For the FY 2011, till January end the revenue is 44 Lakhs.
