Interview with Founders of GAP Miners.
Don’t make all the plans in the cabin alone, Getting pulse is most important.
-Rama Raju , GAP Miners
GAP Miners was started by three professionals – Rama Raju, T.V.Gautham and Raghavendra Prasad who believe that the online marketing opportunity has a huge potential. The trio is having wide-ranging experience in core areas of business which makes them a good businessman and the reason behind success of Gap Miners.
GAP Miners is an online service provider that converts online gaps into profitable opportunities. It is the holding company for several SBUs, each servicing a distinct gap in the online marketing space. They have two products, www.UPto75.com and www.NoMoreQueue.com.
UPto75.com is the first deal website which collates and provides information on retailer discount sale offers across India.
NoMoreQueue.com is an online website that sells movie tickets. You can logon to the site, check theatre or movie, choose your seats and book your tickets online, wherever you are.
In an interview with webneetech.com, Mr.Rama Raju (one of the founder) shared details about GAP Miners, its expansion plans and what make their business different.
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Founder (s) detail:
Name: R. Rama Raju
Age:42
Work experience : 18 years
Your strength area: Product Development and Operations
Name: T.V.Gautham
Age:42
Work experience 18 years
Your strength area: Sales and Marketing
Name: Raghavendra Prasad
Age:44
Work experience : 20 years
Your strength area: Operations, Planning, Managing New Businesses
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Website Detail:
Website Name: GAP Miners India Private Limited
The tag line or punch line of the site: Connecting you and them.
Website URL: www.gapminers.com
Business Launch date: April 2008
Short information about the business : GAP Miners is a web application company that converts ‘online gaps’ into profitable opportunities.
Its having two products, www.UPto75.com and www.NoMoreQueue.com.
UPto75.com – Never Miss a Sale www.upto75.com showcases existing retail deals/offers/discounts to buyers. With an easy-to search design UPto75.com offers online buyers a huge advantage in searching for the best deals in just 2 minutes. All buyers need to do is click -for city, product category, locality -and quickly make a decision regarding the best deals available.
Retailers gain huge benefits by registering on the site for a small amount, a fraction of their advertising costs for sales/offers/discounts. They can reach out directly to ‘Power Customers’. Power Customers are a new breed of affluent but smart shoppers. Brand conscious, gadget oriented, tech savvy and with high disposable income.
NoMoreQueue.com – Treasure your time www.nomorequeue.com is an online ticketing website for movie and bus tickets. NoMoreQueue-Movies offer users the convenience of booking tickets from the comfort of home or office.
Target audience: Retail Shoppers, Moviegoers and Bus Travelers
Monthly visits (page views, if any) on website: Around 200 K
Future/Expansion plans: Want to concentrate on these till they become successful. We want to let go any future opportunity that may come our way too. We want to grow the businesses that we have started.
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Company Detail:
Company’s Name: GAP Miners
How much did you invest to start this business : Half a million dollars
Source of funding : Own, friends and relatives.
Company Blog : blog.upto75.com, blog.nomorequeue.com
Number of employees: 17
Number of branches: 7 Resident Managers
Phone: 91-40-23311563
Office Address: GAP Miners India Private Limited 21, Pancom Chambers Raj Bhavan Road Hyderabad -500082
Email ID: business@gapminers.com
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Interview (Q & A Round):
Q: How did you start your business? What made you to think to enter into a business?
Earlier I was a part of successful startup. It went on to become India’s largest digital marketing company. Was involved with it for 8 years. Similarly Gautham and Raghavendra had great strengths in Telecom and Mobile Field. Wifin the company with which Raghavendra was heading won the Nasscom Product Showcase award. We saw great opportunities in these areas and that made us to start a new company.
Q: What are the important things which differentiate your business from other? What is your USP?
As far as business ideas are concerned they are not path breaking. However, we’re placing a lot of emphasis on building strong relationships with vendors. We’re creating an infrastructure that is easily scalable. Our business requires a lot of offline activity and that will be the key to our success. We are in the process of building strong tie-ups with theatres, bus travel companies, retailers, for us to offer our services effectively to our users. Our products are fully developed, tested and deployed and have proven to be robust, scalable and elegant.
Q: What is your revenue or business model?
In UPto75.com – Charging Retailers / Merchants
For NoMoreQueue Movies -Charge a small convenience fee from customers.
For NoMoreQueue Movies – Get a commission from Bus Companies and a small convenience
fee from customers.
Q: In the next 5 year, what are your expansion plans and where do you see your business 5 years down the line?
To be among the top two players in our field and in our chosen areas. We plan to take our services pan India and to other countries too.
Q: What were the biggest challenge(s) you faced in your journey as entrepreneur till now?
Creating the sales infrastructure has been our biggest challenge. We’re still in the process of fine tuning it.
Q: What is the biggest mistake you made as an amateur entrepreneur?
I wouldn’t call it a mistake. We expected the markets to behave/react as we perceived it. And they usually don’t. They have a mind of their own. So you need to have a plan B always ready.
Q: What you want to say to the new entrepreneurs or the one who wants to start his/her own business?
Hire the right team, work hard and minimize the cash burn. Never give up. Set up processes right from start. Follow up is the key. Be hands on. Be flexible and reinvent if required. Learn from every experience. Go and test the market. Don’t make all the plans in the cabin alone. Getting pulse is most important.
Q: Who is your business idol and why?
Several; I like people who dare to do something and are honest.
- 1. Azim Premji of Wipro
- 2. Ramesh Chauhan of Parle
- 3. Suresh Krishna of Sundaram Fasteners
- 4. Dr. Anji Reddy of Dr. Reddy’s Laboratories
Q: What’s your ultimate business and life goal?
- To become a company with presence in many countries.
- To be a leader in its field.
- To be the most innovative company in its field.
- To be a totally process oriented and always cash surplus.
- To be one of the most admired company for HR processes.
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