Justdial’s Co-founder, Ramani Iyer, has launched his latest venture ‘Spykke’, a smartphone power bank rental service. Mr. Iyer, a visionary who has co-founded and led several futuristic businesses including Justdial, is now in mission mode to drive Spykke as the largest smartphone power bank rental service company across the globe. In just 6 months, Spykke has achieved the widest smartphone power bank rental network in India, and is currently live across 8,000 locations in 11 cities throughout India.
Mr. Iyer is a passionate entrepreneur who has not only helped build Justdial, which was valued as high as a staggering $1.8 Billion, but has also mentored many start-ups to realize their own visions. He is now focusing on Spykke’s vision to be a global player in the smartphone power bank rental industry, which is a fast-growing segment and is expected to be worth $15 billion in the next few years. Spykke aims to achieve a lion’s share in this market, while giving a fillip to multiple Indian aspirations including ‘Digital India’, and ‘Startup India’.
Speaking about his optimism of a vertical uplift for Spykke, Mr. Iyer said, “I am optimistic about the opportunities and trends in India. Three big trends are providing strong tailwinds to this industry. 1) India is very open to adopting digital / technology solutions. 2) Indian youth are increasingly adopting a ‘sharing economy’. 3) A fast-growing smartphone consumer base. And now, with the doubling of time spent on phone usage in the last year, the pressure on smartphone batteries has never been higher. This is where Spykke comes in… Using Spykke, no one has to run out of battery ever! That is why, within the last 6 months, we have rapidly spread across 11 cities in India, with a network of 3500 partners and 8000+ charging stations, to become the largest power bank rental business in India”
At present, Spykke is live across Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai, Kolkata, Coimbatore, Chandigarh, Lucknow, Jaipur, and Pune. The company is on a rapid growth trajectory and plans to add several more cities to the list shortly. Its deployments are majorly in high-footfall regions such as Metro stations, Cinemas, Cafes, Malls, Airports, Railway Stations, Corporate Offices, Tech-Parks, Hotels, Universities, and Hospitals. People can simply walk to any Spykke partner outlet and rent a power bank by scanning the QR code on it. Its power banks are easy to use and come equipped with all Micro-USB, Type C, and Apple-certified lightning cables. Once used, the power banks can then be returned to the nearest Spykke station.