Published 13:01 IST, April 28th 2020

Kapil Dev-funded online services business grows 5 times more during India lockdown: Report

Former Indian cricketer Kapil Dev-backed online platform has grown over five times ever since the coronavirus-induced India lockdown came into effect.

Reported by: Aakash Saini
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An Indian-based online platform for booking micro and small business services such as tax, accounting and compliance services, WizCounsel has reportedly grown over five times ever since India lockdown came into effect according to Ecomic Times. Former Indian cricket captain Kapil Dev is one of investors in WizCounsel. Since India lockdown, over 1,000 MSMEs (Micro, Small and Medium Enterprises) have sought WizCounsel by paying small booking amounts only to pay a full sum later in installments.

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Kapil Dev-backed WizCounsel prospers in India lockdown

According to Ranu Gupta, co-founder of WizCounsel, platform helps MSMEs to book white-collar services just like any e-commerce site but at comparatively lower rates. Ranu Gupta also furr stated that such a sudden growth makes sense because of MSME landscape in India. He claimed that out of 60 million of online MSMEs, only few are online which makes it difficult for m to obtain such services while functioning ir business, which is why y are resorting to an online platform like WizCounsel. In India, 2 million new MSMEs are formed.

Meanwhile, ar co-founder of WizCounsel, Royce Raju Beena believed that coronavirus-induced India lockdown will only lead to a much bigger online service booking in future, which will boost gig ecomy in India. company is believed to be in process of building a community, resource centre and free-of-cost consultation ecosystem for small businesses

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Also Read: Kapil Dev Reveals Moment In His Career That Fueled His Financial Success Post Retirement.

Kapil Dev himself is proud that though coronavirus has caused a sad situation in country, company is helping businesses in such a manner by offering prices 6 times lesser than that of ir competitors, which has in turn helped WizCounsel grow 5 times more during this period.

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Apart from cricketing legend, WizCounsel is also funded by Dr. Manas Fuloria (Nagarro) and Sunil Kumar Gupta (SARC Associates).

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Kapil Dev net worth

According to cakwledge.com, Kapil Dev net worth figure is estimated to be approximately US$30 million (₹228 crore). Kapil Dev net worth figure comprises of his earnings from Board of Control for Cricket in India (BCCI) as a former Indian cricket player. Kapil Dev net worth figure also comprises from his several investments and business ventures.

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Disclaimer: above Kapil Dev net worth is sourced from various websites and media reports. website does t guarantee a 100% accuracy of Kapil Dev net worth figures.

12:49 IST, April 28th 2020