What about your sister, cousin, friend, aunt, and uncle? Do they all share your subscriptions and do you pay for them separately? That's all changed now! Split the costs and bring them to LSC Split Community.
These subscriptions, along with subscriptions for Microsoft Office, Otter, Grammarly, Zoom, Microsoft Teams, etc. are the essentials for the current generation, as are those for OTT and music. These subscriptions being premium can cost anywhere between Rs 299 per year to more than Rs 9999 per month and therefore sharing them with acquaintances is an obvious move. Users, however, do not split this cost equally, which leads to freeloading.
As a result, co-founders Bidhya Pati and Ridhima Goyal, who met at KLIUC University while earning their MTech, created LSC Split Community to eliminate the social awkwardness that comes with asking people to pay their share. Interestingly, Ridhima's brother shared his Netflix credentials with all her friends, which further validated her idea. With Dave Inc's start-up LSC Split Community, sharing subscription fees with friends and family can help you reduce your costs.
The LSC Split Community is not their first venture. In Singapore, the founders of LSC Split Community had a start-up called Party Labs. As a result of COVID-19, things changed for the industry, and innovation was curtailed. Consequently, the founders retained the technical team and relocated to India to launch LSC Split Community.
Keeping up with the many subscription needs of the current generation is easy with LSC Split Community. It facilitates timely automated payments and offers encrypted password sharing for up to 80% savings. The startup does not sell subscriptions or manage subscriptions but deals only with payments. In order to protect customers from fraudulent users, the company has a strict refund policy of 3 days. Users pay a nominal fee of Rs10 for every transaction.
This Hyderabad-based start-up, with its headquarters in Newark, USA has a team of 10 employees. The panel launched on March 1, 2020, and over 10,000 people signed up in the first two months. In January 2021, a new version of the panel with the requested features was released after receiving feedback from users. Specifically, the target audience is between the ages of 18 and 35, coming from metro areas and Tier 1 cities. Reports indicate that the panel currently only caters to Indian users.