Rewards and Loyalty Gateway Benepik nears 100 Crore Revenues in FY 22-23

Gurugram (India), March 25: Benepik, a Rewards, Loyalty and Engagement Gateway to Businesses announced that it has reached a major milestone, nearing INR 100 Crores in revenue in the financial year 22-23. The company has experienced a rapid growth trajectory since its founding, and this latest accomplishment underscores its position as a leading player in the Rewards and Engagement industry. Benepik offers Channel Loyalty, Employee Engagement and Corporate Gifting Solutions to businesses.

Its Channel Loyalty solution combines two-way communication between brands and partners with personalized rewards and transparent pay-outs. It also offers Employee Engagement solution to organizations to strengthen workplace engagement and foster positive company culture. Its Gifting solution offers a wide catalogue to choose from including 300+ Gift Cards, Bank, UPI and E-Wallet Transfers, Electronics Appliances, and experiences such as dining, travel and health & fitness packages.

“We are incredibly proud to have reached the 100 Crores revenue milestone, and it is a testament to the hard work and dedication of our team,” said Saurabh Jain, Founder & CEO. We set out to disrupt the Rewards industry with our innovative approach, and this achievement is proof that we are on the right track.” Cultivating Channel Partner Loyalty is crucial for brands in distribution business as it leads to increased sales, market share, and profitability.

Benepik’s Channel Loyalty offering helps companies in building stronger bonds with their influencers and Channel Partners. Influencers such as electricians, painters, carpenters, mechanics and retailers can play a significant role in driving revenues. While Brands have always recognized the significance of such influencers, engaging with them has always been a challenge due to low adoption, limited reach and lack of quality data.

With Benepik, brands can seamlessly onboard influencers, publish campaigns, track revenues at retailer/ influencer level, bring product awareness and incentivize in real-time. Its WhatsApp integration has boosted the adoption helping companies scale up their loyalty programs aggressively. Its clients have seen a reduction in the pay-out time by 90% and majority of such clients have recorded a growth of up to 15% to 22% in revenues because of a well- structured Channel Partner Loyalty Program.

Benepik’s Employee Engagement Offering aids organizations in creating an engaged workforce through an integrated and comprehensive solution. This includes social recognition, pulse surveys, communication, gamification, fun@work and health & fitness contests. The solution is particularly valuable for organizations with large non-desk workforce such as sales and customer facing staff.

Organizations can gain real time insights, drive social connectedness, and inspire healthy competition and leverage technology to drive engagement. Its Rewards & Corporate Gifting Solution offers a Global Catalogue of Rewards including Gift Cards, Bank, UPI and E Wallet Transfers, Electronic Appliances and Experiences.

It offers Rewards Catalogue in 100+ Countries including North America, Europe, Middle East and South-East Asia. It has fully digitalized solution ensuring Power of Choice to its users. Organizations can tailor-made this to suit the profile of their users and objectives of the program.

It comes with value-add features such as budget management, customized campaigns, schedule gifts for special occasions and flexible denominations. One of the most sought out and unique feature is that companies can send personalized greetings and a video message along with the gift. With a strong footing in the Indian Market, Benepik has expanded globally with its offices into the Middle East & Indonesia.

In the current year Financial Year, company has onboarded more than 500 clients including leading names from BFSI, Pharmaceuticals, FMCG, Consumer Appliances, Market Research, Auto Components and EdTech to name a few. To celebrate its accomplishments, Benepik recently gifted few of its Star Performers with Company Cars. It has introduced an Employee Stock Ownership (ESOP) Plan to ensure long term value creation for its employees.

The initiative is aimed at enabling the employees to participate in the wealth creation and making them an equitable partner in the company’s success. The company has a robust reward and recognition scheme including On-spot, Monthly, Quarterly and Annual Awards. Recently, it organized its Annual Award ceremony to felicitate exceptional performers.

Benepik is also expected to achieve operational profitability in the Current Financial Year defying the popular belief that Growth comes at the cost of sustainability. Our goal has always been to build a business that not only provides exceptional value to our customers but is also financially sustainable. “We are grateful to our customers, partners, and team members for their support in helping us reach this milestone” added Saurabh. “We remain committed to delivering exceptional value to our customers and achieving sustained success in the years to come.”

Benepik was founded by Saurabh Jain, an alumnus of Delhi School of Economics. Benepik has its Head Office in Gurugram and Sales offices in Mumbai, Dubai and Jakarta. If you have any objection to this press release content, kindly contact [email protected] to notify us.

We will respond and rectify the situation in the next 24 hours.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in app

Tags:

asos listed on couponmatrix.ukmatalan listed on couponmatrix.ukbedworld listed on couponmatrix.ukelizabeth-arden listed on couponmatrix.ukthe-real-greek listed on couponmatrix.ukticketmaster-uk listed on couponmatrix.uk
asos listed on couponmatrix.ukASOS needs no introduction—if you love online shopping, chances are you’re already an ASOS regular. Stocking loads of top brands, including Topshop, Nike and Calvin Klein, ASOS brings all your fave styles under one (virtual) roof. ASOS is known for its stellar sales, student discounts and free delivery deals, making it easy to stay stylish on a budget. Make the most of an ASOS discount code from Groupon to save on your next ASOS haul.
matalan listed on couponmatrix.ukValue for money is Matalan’s middle name. For those holiday basics, family essentials and garden must-haves, it’s all in one place at Matalan – where your money is guaranteed to go further. We’re suckers for a great deal, so the next time you need to stock up on Matalan dresses or home decor, head straight to our page for Matalan discount codes to cut the cost of your order. At Groupon, we track every Matalan sale and hand-pick the best Matalan deals available on the website now, so it’s easier than ever to manage a family budget.
bedworld listed on couponmatrix.ukBedworld is one of the leading online retailers for beds, mattresses and bedroom furniture. They offer a wide range of products from leading brands at competitive prices. They also offer a range of kid’s bed frames and mattresses to suit every style! Bedworld offers a variety of discount codes to help you save money on your purchase. So if you're looking for a new bed or mattress, be sure to check out Bedworld.
elizabeth-arden listed on couponmatrix.ukElizabeth Arden is the perfect blend of beauty and science. Retinol. Vitamin C. Ceramide. These science-backed formulas are the ultimate win for your skin, and they’re really affordable when paired with one of our Elizabeth Arden discount codes. We’ve rounded up the top sales and freebies available at Elizabeth Arden right now, so you can shop iconic products like Red Door Fragrance and the Elizabeth Arden Eight Hour range and get that glow for less!
the-real-greek listed on couponmatrix.ukGet an authentic taste of the Eastern Mediterranean with The Real Greek. They bring delicious, modern Greek cuisine to England, so you can take your tastebuds on a trip. With The Real Greek voucher, you can celebrate good food with people you love without breaking the bank. From the food to the atmosphere, The Real Greek capture the laid-back and friendly attitude of Greece in every single restaurant. Whether you love Greek food, or are completely new to it, you’ll always be welcomed and feel right at home with The Real Greek.
ticketmaster-uk listed on couponmatrix.ukFrom festivals to club-nights, from family attractions to sporting events, if you need a ticket to get in, Ticketmaster can deliver the goods. Add one of our Ticketmaster vouchers to your purchase to cut the cost of the hottest tickets in town and get set for an event to remember while keeping your bank balance intact. Whether you’re looking to support your favourite football team or snap up seats at the concert of the year, Ticketmaster’s seamless booking experience and diverse variety of events will leave you hungry for more.