KillerStartups.com featured us again
January 17, 2008 – 12:08 pm
Yesterday we were featured again on the #1 website featuring cool startups (KillerStartups.com.) Click here to read the review.
This is why they thought we could be the next killer app.
“Faayda has some interesting implications for freelancers and small businesses. It provides security and ease of use which allows any business owner to focus on getting ahead and success.”
They also had a question for us.
“Will Faayda manage to turn a profit itself? It’s focus is primarily India, but will it be able to reach a global audience? Does it plan on going global?”
Let me take this opportunity to answer the above.
faayda.com is very well capable of generating revenues and turning a good profit. We are an internet based company selling SaaS (Software as a Service) which would generate a recurring subscription fees from our premium subscribers. With every tool we launch, we would be adding to our portfolio of services and in turn will add value to our subscribers. India is fast becoming one of the biggest markets in the world and our target segment spends nearly US $8 billion every year on IT related spending which is growing @ of 25% every year. We want to take advantage of this being an early player in this gorwing market. Our services are India centric and we do not intend to go global as of now.
I hope my answer has put all doubts to rest.