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RITS Browser

A private browser with reward benefits

Bangladesh
Market: Internet and IT, Financial services, Mobile applications
Stage of the project: Operating business

Date of last change: 15.09.2021
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Idea

It is a super app that allows users to surf the internet and get reward points for their internet time. It also gives users the option to block cookies from the privacy settings. Redeeming earned points, users can top-up mobile balance, buy products from brand shops, and can avail discounts.

Current Status

1.2.5M+ downloads
2. World wide all telecom companies for mobile balance top-up.
3. Connected with 800 airlines, 1000 Hotels, and 5 booking systems to providing cheap travel deals and faster travel solutions.
4. Connected with 48+ local shops for providing direct-purchase exchanging points.
5. Running exclusive discount shop to avail discounts by redeeming points.
6. Launched membership facilities last month.
7. Recognized by 2 international awards and 1 local award.
8. 4.4 ratings on google playstore






Market

Our target market is south Asia but we want to start our marketing from Bangladesh first as this is our homeland. Our targeted users are mostly millennials. The market size of Bangladesh is 80 Million (android phone users) and we want to capture 40% of this by the year 2025. And for the international market, our total market size is 1.8 Billion but we want to capture a 10% share of the market within the next 5 years.

Problem or Opportunity

We need to do massive marketing to grab the targeted market ASAP.

90% of Bangladeshi user has a low configured smartphone and their first internet access is from their mobile phone. They use mobile browsers for information, entertainment or online purchase, etc. Other browsers take huge space on the phone but cannot provide reward benefits nor the low space consumed smart services as Rits does.

We also provide ad-free youtube in our browser so users can save huge using our app.

Solution (product or service)

90% of Bangladesh people need a super app that can help them to solve their storage problem without compromising the services. Our browser app will help them to get all the services in a buffet system along with reward benefits. Our app also gives the option to block cookies by a single tap, which is missing for current users except for iPhone users.

Competitors

Our main competitors are google chrome, UC Browser, and Brave Browser though they are big companies, none of them are currently focused on the Asian market except UC browser. They don't provide any reward benefits to the users as we do.

Advantages or differentiators

Reward Points
Ad-free youtube
Cookies disable option
Content aggregator
Service aggregator
Supper app for smart online lifestyle

Finance

We are offering 3 subscriptions:
BASIC: $0
PRIME: $4
PRIMEX: $6


Business model

We earn revenue from followings

1. Advertisement
2. Content advertising
3. Push notification
4. Affiliate marketing
5. Membership Subscription

Money will be spent on

Marketing, new recruitment, team skill enhancement, creating product education videos, enhance operation & maintenance, enhance customer support & partnering with brands for building trust.

Offer for investor

We want to sell a 20% equity share for 4.7 million USD

Team or Management

Risks

Earn users trust
Users loyalty

Incubation/Acceleration programs accomplishment

I have completed the pre-accelerator program of the royal bank of scotland.

Won the competition and other awards

1st merit award of APICTA Awards 2017
Champion of BASIS National ICT Awards 2017
Finalist of mBillionth mobiles for Good Award 2020-2021

Photos

Photo 1 - A private browser with reward benefits
Photo 2 - A private browser with reward benefits
Photo 3 - A private browser with reward benefits
Photo 4 - A private browser with reward benefits
Photo 5 - A private browser with reward benefits

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video