Rechargeitnow.com is nearing 2 million registered user mark

Company Brief

Gurgaon, May 24, 2011

Online Recharge Services Limited which operates India’s No 1 recharge site RechargeItNow.com announced that they are nearing their 2 million registered user mark and peg it as a testament of the consumer confidence in the services offered by the company and also as a signal of strength in the online recharge platform.

Mr. Sharat Jain, President & Co-founder said, “We wanted to take the opportunity to thank our users for their continuing support & usage of our services. The confidence posed in us gives us tremendous impetus to keep recalibrating the product to consistently deliver better & smoother experiences.’

He also shared that the core focus of the company at this point is to deliver convenience to the users hence the next level offering from the company will speak specifically to delivering the service across multiple platforms giving the users more options to recharge on the go.

The company is also offering a 1 year free mobile recharge to the lucky 2 millionth registered user which it expects to hit in the coming week.

Online Recharge Service Private Limited through its web based platform

RechargeItNow.com is a first of its kind, 24x7 multi service, multi operator instant pre-paid recharge station. It specializes in delivering next generation online prepaid recharge solutions. RechargeitNow.com offers its customers a high quality of service with the convenience of access from their desktops.

Some highlights of rechargeitnow.com

1. Rechargeitnow.com is ranked amongst the top 255 websites in the country

2. It delivers around 100,000 recharges daily

3. Rechargeitnow.com is estimated to have a 17% market share of the non-travel ecommerce

4. It has ~2 million active registered users which make up 4% of all active online users in India

5. The site estimates to deliver 2.6% of all DTH recharges and 0.4% of all prepaid mobile recharges in India.

6. It also gets 1.24 million Absolute Unique Visitors a month, 45% of which are new; 15 million page views per month. In addition, this large community lands from tier 1 and 2 cities in India and comprises of young affluent adults.

For further information, please contact:

Rechargeitnow.com

Rajneesh Chopra

Email: rajneesh.chopra@rechargeitnow.com