LeEco Clocks Rs 350 Crore Revenue During October Festive Sales in Year 1 of India Operations

BANGALORE, November 4, 2016 /PRNewswire/ --

Global and Internet technology conglomerate, LeEco has witnessed unprecedented success in India and it continues to charter new heights. In its first-ever Diwali sales organized in the month of October, LeEco managed to clock revenues to the tunes of Rs 350 crores. It has been only 10 months since LeEco started operations in India and managing these sales numbers in its first year in India is a record in its own. The company managed to reach this figure backed by the strong demand for its Superphones and Super TVs. During the month of October, LeEco has sold an astounding number of 300,000 Superphones and 3500 Super TVs.

In the festive month of October, LeEco had participated in the online sales organised by LeMall, Amazon India, Flipkart and Snapdeal and also introduced a new experiential price of Rs 17,999 for their flagship Superphone - Le Max2. In addition to this, LeEco had extended some exiting offers and finance schemes on its entire range to assist consumers in picking up the next generation Superproducts at the best possible price.

Commenting on the remarkable achievement, Atul Jain, COO, Smart Electronics Business, LeEco India said, "We are extremely humbled with the unparalleled growth and momentum that we have seen in the Indian market. It makes us proud that in less than 1 year of our India operations, we've sold as astounding number of Superphones and SuperTVs in just 1 month. During the festive season it was our endeavor to offer a great value proposition to our customers which will enable them in experiencing our products and we are truly humbled by the response that we have received." 

One of the major reasons for the exceptional response received by the company is that it offers best-in-class technology at disruptive price points. In addition, to this all LeEco Superproducts come with LeEco Supertainment Membership that consists of some of the biggest names in the entertainment like Eros Now, YuppTV and Hungama in India. Through LeEco's Membership program, users can get access to a collection of 2000+ movies, inclusive of premieres from Hollywood and Bollywood. LeEco membership program also provides 3000+ hours of curated shows, 100+ Live TV channels and 3.5 million songs of users' choices. LeEco takes the lead in offering 1.9 million songs with lossless audio, bringing the users' audio experience to a brand new height.

About LeEco: 

LeEco, formerly known as Letv, is a global pioneering Internet and technology company with multiple Internet ecosystems across content, devices, applications and platforms. Founded in November 2004 by JiaYueting and Liu Hong, LeEco employs more than 10,000 people and is the world's first video company to go public with a market capitalization of more than $12 billion USD. Headquartered in Beijing, China, it has regional headquarters in Hong Kong, Los Angeles and Silicon Valley.

With 'Complete Ecosystem, groundbreaking technologies, and disruptive Pricing' as the guiding principle, LeEco is engaged in a myriad of businesses, spanning from Internet-based Super TV and Superphones, video production and distribution, smart devices/accessories and large-screen applications to e-commerce and even connected super-electric cars. The company also features one of the world's largest content libraries, comprising of movies, TV dramas, entertainment shows, sports and music, which can be conveniently viewed on LeEco products, including the Superphones, Super TVs, and in the near future, Le Autos. Breaking the barriers of industries, LeEco provides personalized products and services for an enhanced user experience at disruptive prices.

Media contact:
Nitin Kinger
[email protected]
+91-9769988304
LeEco India