Riversong bets big on India, eyes Rs 100 cr revenue by 2020

Riversong, a subsidiary of the mobile phone developer IMG Technology Group, aims to clock annual revenue of Rs 100 crore in the Indian market by 2020 as it expands its product portfolio in the country. The company, which currently offers mobile accessories, power banks and IoT products like smart bulbs in the Indian market, is adding smartwatches to its bouquet of products to cash in on the multi-million dollar opportunity in the country.

“India is a key market for us and while we have been here for a short time, we have seen strong growth. This year, we are looking at Rs 50 crore in revenue and we are confident of doubling that to Rs 100 crore by the end of 2020,” Riversong India Chief Executive Officer Manvendra Chandola told .