Ideas|Products|Startups|VCs

Feeling bored at work and no mood to indulge in facebook, twitter etc here is a good news for you, 123timepass has been launched to kill your boredom. 123timepass is a bangalore based startup founded by ex Yahoo and MIcrosoft managers ( they would like to remain anonymous for sometime)

123timepass is meant for users who would like to kill their time diligently. 123timepass has features like Greetings, Games, Chat, SMS etc. Greetings are all flash based and are of very good quality and best part is they are completely free. You can find greetings of all general categories like Birthday, love, Best Wishes but additionally they have event based greetings like Guru Purnima etc. which i have  never come across.

Free SMS is another feature which will draw users, workflow around sms is well made. User can schedule the sms, can send sms to a group also.

Chat is quite unique at 123timepaas, its a 1-1 chat with another user logged in the system. No chat rooms, cant select the user you can chat. Its totally a random chat with a stranger picked by the system, must admit quite a thrilling experience

Even games at 123timepass are flash based, quite engaging ones Pirate Shoot out is one of my favorite game. Games are categorized mainly into - Adventure, Board games, Sports, Shooting, Timeout.

I strongly believe intention of launching 123timepass is to give a tough competition to 123greetings.com and may be inspired by the IPO of later. 123timepass generates revenue from Ads.

Do indulge in 123timepass when you are bored and recharge yourself.

-Hitesh, vcBytes.com

Can you believe sites like 123Greetings can go public, its just simple flash based e-cards service provider with an inventory of 20k cards. I have used their service during my college days and you would have send cards to your friends via 123Greetings.  I was in  a impression that 123Greetings is US based portal and was excited and surprised to find its a product of Kolkotta based Intrasoft technologies. Its been in operation since 13 years

Let’s dig into the reasons which propelled 123Greetings IPO-  Its revenue depends only on online advertising. Currently, 65% revenue and 60% online traffic come from the US while the rest is from India, Its US #2 greeting site as well. Have a look at their monthly traction -

This is some mind blowing  statistics!!

According to its prospectus filed with the market regulator Securities and Exchange Board of India, Intrasoft posted revenue of Rs21.38 crore and profit of Rs5.3 crore in the last fiscal. At the lower end of its price band of Rs137-145 per share, Intrasoft hopes to raise roughly Rs50 crore from the issue.

The firm’s market capitalization will thus hover around Rs200 crore—eight times its revenue for the past year, and nearly five times more than the net worth of the firm, which stood at Rs37.6 crore on 30 September 2009.

So moral of the story - company can go public if you are making money solely coming from advertisers

-Hitesh, vcBytes.com