Zolo is an on-demand talent marketplace that serves people regarding their tasks. The company is based in Noida. Recently, a software firm from Switzerland, Hitouch AG has made an investment in it. The seed funding is unclosed by the firm. Manish Tahilliani and Satayu Basu founded the company in September 2015.
The co-founder and CEO, Satayu Basu shares that the service seeks to target solo entrepreneurs. It offers them a platform to develop the income along with the personal brand creation for long-term success. It connects the talent and goods providers with the consumers by being the middleman in the business.
The company is launching associated services in the form of Zolo Homes, Zolo Rentals, Zolo Skills, Zolo Eat, and Zolo Academy. All these are working towards building a holistic environment with technology, space, and marketing for people for utilizing their core competencies through the dynamic interface.
The on-demand marketplace allows users to discover, sell, and buy personalized services like digital, consultation, and others.
The advisory board of Zolo app embraces industry players including Chief Marketing Officer of PayU, Prabhakar Tiwari; angel investor and Snapdeal’s Vice President, Vikas Banga; and CEO Fin Advisors, Manish Kapoor.
Zolo app clearly specifies the present services and the associated person’s information, so you can select your desired features. The app is available for both android and iOS devices. It is a connecting platform for passionate professionals who help the user accomplishing their feasible demands.
According to the CEO of Hitouch AG, Oliver Westphal, he thinks that the application is the eBay of services carrying great potential. He believes that it can touch millions of lives with global recognition and usage.
Currently, the firm is acquiring profit of 7-10 percent on each transaction. It leverages the model based on commission and makes nearly 10-20 percent of each sale activity from the Zolo platform.
Moreover, the firm expects to accumulate a revenue equivalent $12-15 Mn GMV. Zolo is planning to utilize the new funds for adding new services and categories. Also, business expansion to other cities, starting from the establishment in Delhi-NCR is another upcoming thought.
The Bottom Line
It helps in the fulfillment of a user’s projects by providing support through specialized skilled people. Whatever you are looking for, browse the app and discover your project requirements. Furthermore, easily and securely pay online with PayU Money and ensure delivery of your service with timely and quality measures.