Entitled Solutions, a pioneering B2B platform dedicated to empowering businesses to provide essential financial and healthcare solutions to their low-income workforce, has revealed information about its strong growth trajectory.
Having already doubled its clientele to around 70 organisations over the last year, which include some of India’s biggest staffing and gig work platforms, the company is set to achieve an annualised recurring revenue (ARR) of USD 2 million and reach out to around 1.3 million workers with its services by the end of the current financial year.
Entitled Solutions’ growth does not come as a surprise, given the massive need-gap that exists between the financial and healthcare needs of India’s low-income and gig workers and the services they can access affordably to fulfil them.
With its tailored, cutting-edge array of products designed to address this disparity, Entitled Solutions has enabled access to vital services to over 1 million workers across key industries such as logistics, F&B and hospitality, transportation, real estate services, telecom, and manufacturing.
Around 5 lakh workers already actively transact on the platform, which has facilitated around 70,000 loans worth over Rs 100 crore through partner banks and NBFCs, as well as processed over 150,000 healthcare transactions.
Speaking on the company’s current trajectory, as well as its future growth roadmap, Anshul Khurana, Co-founder and CEO, Entitled Solutions, said, "Entitled Solutions was established to make a tangible difference in the lives of the underserved low-income and gig workers across India by providing them with tailored solutions to improve their access to financial and healthcare services. We already partner with top banks and NBFCs to design cutting-edge financial products, backed by a robust data and service engine, to fulfil every possible stated and unstated need of our target consumer base. The progress we have made over the past year, whether in terms of partnerships, user outreach, revenues, or market penetration, is testament to the efficacy of this approach. As we continue to grow and expand our services, we remain committed to providing impactful and sustainable solutions for the financial and healthcare needs of this growing segment of the Indian workforce."
Already a key industry player, Entitled Solutions aims to expand its network by partnering with over 600 businesses and reach out to 3.5 million workers within the next couple of years. The company anticipates enabling close to INR 300 crore in credit within this financial year alone, driven by new credit use-cases such as two-wheeler and vehicle loans, consumption loans, and home loans.
It also envisions processing over 1 million healthcare transactions this year, buoyed by new government health programs aimed at unserved and underserved populations. Driven by this rapid increase in its service adoption, Entitled Solutions foresees its revenues growing by 2-to-2.5 times annually over the next few years, even as it continues to transform the landscape of financial and healthcare services for India's workers.
