TYCOONSTORY’s Post

This fintech startup achieved INR 4000 crore+ trading turnover within just two years! 🤑 In today’s #WednesdayWisdom, FavcyVB presents the success story of Upstox, founded by Ravi Kumar, Raghu Kumar, and Shrini Viswanath. In 2008-09, the three returned to India from the US. They noticed how difficult it was for regular users to start trading or investing. They spent the next two years researching algorithmic trading and the market; they wanted to make it easier for people to interact with the financial markets. 💰 What was the major problem they identified? 1. In 2009, India had a low equity market participation rate of just 2%. 2. Traditional brokerage firms were often complex and expensive, discouraging new investors. 💰 How did they solve the problem? 1. To make investing simple, affordable, and accessible, they started in 2009 (then known as RKSV) as a small operation. 2. They solved the problem by introducing a user-friendly platform with low brokerage fees. 3. This helped them achieve Rs 4,000 crore+ trading turnover within two years. 💰 Growth and Funding 1. Secured funding from Kalaari Capital and a significant investment from Ratan Tata, boosting their expansion. 2. Became the first broker to onboard 10 lakh users in 2020 (recognized by CDSL). 3. They achieved unicorn status in 2021 with a $25 million investment from Tiger Global Management. 💰 Revenue Model: 1. Upstox primarily earns from brokerage and associated service fees (around 80.7% of revenue). 2. They have over 1.85 million active clients, making them the second-highest among Indian stockbrokers (based on NSE data). 💰 The road ahead… Upstox continues to grow, surpassing a trade turnover of $60,000 crore+ in 2022. They are likely to keep innovating and expanding their product offerings to cater to the evolving needs of investors. #success #story #fintech #favcy

Breaking News! Dhan, a leading stock trading and investment platform, is in talks to raise $100M in a new funding round, propelling its valuation to $1.2-1.5B and earning unicorn status! Founded in 2021 by Pravin Jadhav and Alok Pandey, Raise Financial Services offers a range of financial services, targeting users in Tier I and II Indian cities. Avendus, a leading investment banking firm, has been appointed to handle the transaction mandate. This funding round will further cement Dhan's position in the Indian fintech space and fuel its growth plans. #Fintech #Unicorn #FundingRound #Dhan #RaiseFinancialServices #Avendus #InvestmentBanking #FinancialServices #StockTrading #InvestmentPlatform #IndianStartups #GrowthStory

Hello Mates... Meet Madhusudan Ekambaram, Founder: KreditBee, which is worth Rs. 6,000 Crore. KreditBee, founded in 2018, is revolutionising the lending landscape in India with its full-stack Digital Lending Platform. With a seamless online process from loan application to disbursement and repayment, KreditBee makes accessing loans easier than ever, directly from smartphones into bank accounts, anytime, anywhere. In just five years, things took a dramatic turn for Ekambaram and KreditBee. When Co-Founder and CEO Madhusudan Ekambaram sought funding for the Series C round, he was flooded with 11 term sheets-a huge contrast from the challenges faced during the pandemic in early 2021. He ended up choosing four funds including TPG-backed NewQuest Capital Partners, Premji Invest, Motilal Oswal Alternates, and Mirae Asset Naver Asia Growth Fund, raising $145 million in March 2021. Despite KreditBee's revenue plummeting from 800 crore in FY20 to 327 crore in FY21, and even slipping into a loss of 100 crore, the market response was surprisingly positive. However, the fundraising landscape changed drastically to two offers just two years later. What's interesting is that this time, two of the offers came from major players like private equity firm Advent International and Mitsubishi UFJ Financial Group, Japan's largest bank, with no interest from venture capitalists. The fundraising process, which started in May 2022 and lasted seven months. Faced a chilly market reception, possibly due to various factors beyond just financial performance. Driven by a vision to empower consumers and push financial consumption, KreditBee has disbursed over $2 billion worth of loans in just three years, serving over five million borrowers and issuing 15,000 loans daily. As India's fintech market experience rapid growth, KreditBee stands at the forefront, poised to capture the expanding opportunities. #businessgrowth #positivemind #kreditbee #marketing #growth #startupindia

Fintech firm Pine Labs weighs $1 billion IPO in India Data suggests that around $7 billion has been raised via IPOs in India this year, more than triple the volume from the same period in 2023. This surge has made India one of the hottest markets for share sales globally. #PineLabsIPO #IndianFintech #FintechNews #DigitalPaymentsIndia #IndianStartup #StartupNews #PaymentSolutions #FinancialServices #InvestorRelations #PublicOffering #StockMarketNews #GrowthStory #AsianFintech #News #India #Economy #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

As the Indian startup ecosystem continues to thrive, Credgenics stands out among the fintechs with its unique and innovative tech driven approach to debt resolution. This accolade of being adjudged a Soonicorn in the Inc42 Media report, "Unicorns of Tomorrow - Decoding India’s Soonicorn Landscape" highlights the robust growth trajectory and underscores our commitment to power the digitization of the financial services sector in specific focus areas. Our relentless pursuit of excellence has set new benchmarks for the industry, driving transformative change and solidifying our position as a leader in the fintech segment. This recognition reaffirms our strategic vision and our continual efforts to push boundaries and deliver unparalleled value to our clients. It serves as a catalyst, propelling us further toward creating a more efficient and inclusive financial ecosystem. Read the report: https://lnkd.in/gyGaQFfC Rishabh Goel | Anand Agrawal | Mayank Khera | Abhishek Sharma | Anurag Kumar | Asvini Krishnan | Hendra Rahman | Kiran Mishra | Manjari Lakshmanan | Nitin Garg | Palak Goyal | Puneet Sharma | Rahul Chittora | Sunny Mittal | Sukhpreet Singh | Vibhor Singhal #Startups #Unicorns #Soonicorns #digitalloancollection #lending #loancollections #financialservices #fintech #finance #nbfc #banks #bfsi #technology #tech #digitaltransformation #innovation #credgenics

Fintech unicorn Yubi (formerly CredAvenue), founded by Gaurav Kumar, has expanded its employee stock option (ESOP) pool to 6,008,920 options, adding 2.2 million new stock options under its 2022 and 2024 ESOP plans. This move aims to attract and retain top talent. Yubi, led by Insight Partners, Dragoneer Investment Group, and B Capital Group, achieved unicorn status in March 2022. The Bengaluru-based firm, backed by Vivriti, saw its revenue nearly double to ₹328 crore in FY23, despite losses rising to ₹482 crore. Yubi's platform connects businesses with financial institutions and investors. #Yubi #CredAvenue #Fintech #ESOP #UnicornStatus #InsightPartners #Dragoneer #BCapitalGroup #Vivriti #GauravKumar #Bengaluru #BusinessLoans #FinancialGrowth #startup77

The #Nifty crashed yesterday, but you can still cash in. Stable Money, a young exciting fintech, is making investing in fixed-income assets easy and accessible for Indian retail investors. With returns of up to 9.1%, they’re on to something! Founded in 2022 by IIT Bombay batchmates, Harish Reddy and Saurabh Jain, Stable Money is solving a real Indian problem of growing income steadily without the risk of market ups and downs. Stable Money is a fixed-return investment platform starting with fixed deposits - India's favourite asset class and will shortly venture into Bonds. Backed by Z47 (fka Matrix Partners India), Titan Capital, and Lightspeed India, Stable Money recently concluded their Series A funding round of nearly $15m. India is at an inflection point in the #IndiaGrowthStory, and platforms like these will continue to add to the wealth creation opportunities in India. Will you put your money in Stable money’s exciting platform? #GoingBigOnIndia #IndiaGrowthStory #WealthTech #StableMoney

Deepak Chand Thakur, Co-founder and CEO was at the National Payments Corporation Of India (NPCI) Propel conference. In the session on Scaling Fintech Operations, Deepak drawing from his entrepreneurial journey and emphasized: • 84% of risks faced by early-stage FinTechs are controllable. • Prioritize profitability rather than just high valuations. • Pivot early to seize new revenue opportunities. • Secure a patron customer to scale and grow revenue. • Build organizational capacity by investing in talent, technology, and infrastructure to support the next stage of growth. • Explore alternate financing sources in the backdrop of the long funding winter that start-ups face.                                 Deepak Chand Thakur | Ashish Aggarwal | Savita Vashist | Rajiv Beri | inder naugai | Prashant Rao | Karanam Pavankumar | NAVIN CHAND THAKUR #Fintech #FinancialTechnology #Startups #Payments #Innovation #NPCIPropel #FintechCEO #ScalingFintechOperations #ProfitabilityFirst #FundingAlternatives

I am thrilled to share insights from our latest fintech project on Groww, a game-changer in the investment landscape! 📈 Groww, a leading FinTech venture under Nextbillion Technology Pvt Ltd, was born in 2016 from the vision of four visionary co-founders: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. Their mission? To simplify, streamline, and make investment accessible to every Indian, irrespective of their financial background or experience. 💡 Here are some key highlights of our findings: 🔍 Overview: Groww offers a comprehensive suite of investment services, including stock trading, US stocks, mutual funds, digital gold, IPOs, credit facilities, bill payments, and invaluable financial education resources. 💰 Financials: With a valuation of $3 billion as of Oct. 2021, Groww's revenue soared to ₹1294 crores for FY23, marking a staggering 252% growth from the previous fiscal year. Notably, their Profit After Tax (PAT) surged to ₹449 crores, a remarkable turnaround from a loss of ₹239 crores in FY22. 📈 Market Landscape: Groww operates in the burgeoning Investment Tech sector within the Financial Services Industry, valued at $584 billion (as of 2022) and projected to grow at a robust 8-10% CAGR till 2030. 🏆 Key Players & Market Share: With a dominant 19.9% market share, Groww leads the pack among discount brokers in India, alongside formidable competitors like Zerodha, Angel One, and Upstox. 💼 Business Model: Groww follows a freemium model, offering basic services for free while generating revenue through premium services, commissions, and flat fees. Notably, their user-friendly interface and transparent fee structure set them apart from the competition. Our project dives deep into understanding Groww's founding principles, its evolution from a mutual fund platform to a one-stop investment destination, and the disruptive impact it has had on the Indian investment landscape. 💥 Under the guidance of Sir Puneet Gupta, our dynamic team—Shashank Jalan, Anjali Mittal, Utkarsh Agrawal, Ananyaa Singh, Shivam Rastogi, and ANKUR GUPTA—has delved deep into analyzing Groww's phenomenal journey and its impact on democratizing investment in India. 💼💰 #Groww #Fintech #InvestmentTech #DemocratizingInvestment #FinancialInclusion #Nextbillion #FinancialServices #MarketInsights #TeamProject #IndustryAnalysis #LinkedInPost

India's financial services industry is undergoing an era of remarkable growth and transformation. Thanks to rapid technological advancements, expanded access to the hinterland, and a favorable demographic dividend, India is becoming a global financial powerhouse. From the establishment of state-of-the-art financial hubs like GIFT City to the meteoric rise of fintech startups, the landscape is dynamic and full of opportunities. This evolution is fueling economic growth and creating a vibrant ecosystem for investors, entrepreneurs, and professionals. Here’s a glimpse into the thriving Indian financial services industry in our series, Eleveight OutLoud. Upasana Koul Deepika Asthana #Eleveight #FinancialServices #India #Innovation #Growth #Fintech #GIFTCity #EconomicGrowth #InvestingInIndia