Barak Valley boy raises Rs. 1 Cr. in 3 months for his World first Subscription Marketplace startup "Subspace"- Read full story.

Individuals can and do make a difference, but it takes a team to really take things to next level.

A self-made individual who takes financial risks in setting up a business for profit is called an entrepreneur. Today, amidst a struggling economy, India has witnessed many start-up success
stories including Flipkart, OYO, Ola Cabs, BookMyShow, Nykaa, Big Basket, and Swiggy to name a few. However, all self-employed people cannot call themselves entrepreneurs. The
potential for growth and economic impact is what truly defines an entrepreneurial business.

The popularity of online marketplaces has its roots in the basic advantages that they provide to both the buyers and sellers -convenience and security. When transacting on a marketplace both the sides feel confident and protected, even if at a small fee. One of the major challenges of starting an online marketplace is setting yourself apart from the rest of the competition. Instead of competing with existing giants, one can approach the crowd from a different perspective. 

With the advent of marketplace, comes subscription model. So basically, subscription model is a marketplace revenue model where a user is charged a regular fee for access to the platform. The value proposition of the online marketplaces that use a subscription model is helping the suppliers to find new clients, or getting access to the database of potential clients or partners. 
 
Now the question is how to make the subscription model work? Here are a few tips that might help you

1.Evaluate your product viability
2.Be clear about your businesd goals
3.Be conservative about pricing at the very beginning
4.Investment
5.Priority retention strategies
6.Monitor churn

Recently introduced, Subspace is a social marketplace for subscription. Founded by Joey Dash or Mrithyunjoy Das from Bangalore. He is a Barak Valley's own son born and brought up in Badarpur, Assam, he did his schooling from St. Joseph's School and Completed his furthur education from IIT Madras in AeroNautical Engineering. He founded several startups before among them the Notable ones are Grow90, a platform for all the developers and Subscpace a subscription market place. 

Subscape was founded by a diverse team of students, professionals, investors, and entrepreneurs passionate about improving the lives of everyday people. Everyday they work with subspace members to create services that optimize their financial health.

A hyperlocal subscription marketplace 'Subspace' was started by a local of Badarpur, Assam.

He along with 20 other people started this marketplace on 14th february 2022.  Surprisingly, within a couple of months it's users reached to 5k. Targeting on a few months , he said that it will reach upto 100k.Talking about the investment or budget,a grand amount of 1 Crore has been invested till date and their budget within two or three months will reach to 8 crore. In a telephonic interview Mrityunjoy stated that it is the most important project among all other projects that he has been working and it took  6 months for him along with his team members, who are also students of IIT Madrass including two students from the Barak valley Engineering college in our place. 

Why subspace? Here a list of advantages you get that answers your question. 
•huge offers and discounts on subscription
•earn grand prizes
•effortless control over all your subscriptions from a single platform
•subspace partners with the best to secure your money
It has automatic detention- They detect and add your every subscription while you munch your favorite snack . From detecting their subscription to recognizing the packages, they do it all FREE. The only chore is to login into their app. And get to know about the platform. 

Using just one fantastic app, you can witness unique features . Subspace can automatically detect a user's subscription from their phone. Low cost for subscription is another reason for people opting to subspace. You can buy Subscriptions of OTT platforms and sell them to multiple users too. 

The Way Ahead :

"Its been an incredible start for Subspace" - Das. "Reaching 100k is the big goal next and we are confident enoiugh to do it"

Any plans for Shark Tank? :

"Someday for sure."

Well, we all can wish him all the very best with such a unique startup. But the best we all can do is Download the offical app from the Google Playstore. Just Type Subspace and there you go.

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