Vikram Chachra’s Post

Multipl, a fintech platform co-founded by Paddy Raghavan, Jags Raghavan, and Vikas Jain, has secured $1.5 million in an extended seed round co-led by Blume Ventures and MIXI Global Investments, Inc. This follows a $3 million funding round in May 2022 with investors including Blume Ventures, growX ventures, IIFL (India Infoline Group), and Kotak Securities Limited. The funds will enhance Multipl’s platform, which boasts 500,000 downloads, over 100 brand partnerships, and facilitated goals worth more than Rs 1,000 crore. Competing with Groww, AngelOne Broking/Stock Trading, and PhonePe, Multipl aims to revolutionize mutual fund investments for lifestyle expenditures. #Multipl #Fintech #Investment #BlumeVentures #MIXIGlobalInvestments #GrowXVentures #IIFL #KotakSecurities #MutualFunds #StartupFunding #FinancialPlanning #TechInnovation #startup77

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

🚀 Exciting News in the Fintech World! 🚀 Raise Financial Services, the innovative company behind the investing and trading app Dhan, is in early-stage talks to raise approximately $100 million. This new funding round could propel the company’s valuation to an impressive $1.2-1.5 billion, potentially earning it a place in the prestigious unicorn club! 🦄 According to sources at moneycontrol.com, investment banking firm Avendus has been selected to lead the fundraising efforts. Dhan, founded by former Paytm Money CEO Pravin Jadhav in January 2021, is making significant strides in the industry, competing with established players like Zerodha, Groww, and Angel One. This fundraising initiative comes at a time when Indian stock markets are reaching new heights, driven by strong retail participation. However, it’s worth noting the increased caution from the government and market regulators regarding heightened F&O activity. Stay tuned for more updates as Raise Financial Services continues to make waves in the fintech space! #Fintech #Investing #Trading #Dhan #RaiseFinancialServices #Unicorn #Startups #Funding #Investment

Peer-to-peer #lending startups that found a strong business model in building partnerships to power credit transactions at consumer-facing applications are slowing down on these tie-ups. Given the RBI is scrutinising the sector, founders of several of these lending platforms are adopting a “wait-and-watch” policy before stitching these deep integrations. Over the last six to eight months, the RBI has conducted meetings with the sector participants to understand their business models and also look at how they are following the existing guidelines, multiple industry insiders said. LiquiLoans has now slowed down on new such partnerships, industry insiders said. LenDenClub has scaled down its partnership with BharatPe and has almost run down the portfolio by 70%, said cofounder Bhavin Patel. Read the full story by Pratik Bhakta on ETtech here https://lnkd.in/gJ42Hcmy

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 boom of the stock market has been skyrocketing since the 2000s. Imagine a player coming in and letting the traders trade barrier-free. Yes! That has been a reality with Zerodha since 2010 when it was founded by brothers Nithin and Nikhil Kamath.   A Bangalore-based fintech/financial services company, Zerodha offers retail stock brokerage facilities at discounted rates along with other opportunities for currencies and commodities trading, mutual funds, and bonds.   Learn about: 👨💼 The founders' story 💼 Zerodha's unique business model 📈 Their impressive growth trajectory 🎯 Key marketing strategies 🏆 Major achievements and vision   Don't miss this inspiring case study of one of India's most successful fintech startups!💹   Swipe through our carousel to explore Zerodha's incredible journey from a startup to a market disruptor! 👉   #ZerodhaStory #FinTechRevolution #StockTradingIndia #StartupSuccess #DiscountBroking #EntrepreneurshipJourney #MarketDisruption

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

Upstox, a pioneering fintech company headquartered in Mumbai, Maharashtra, is revolutionizing the investment landscape with its innovative solutions and cutting-edge trading platform. Catering to retail investors, Upstox offers a wide range of securities brokerage and stock trading services, empowering users to capitalize on equity trading opportunities and make informed investment decisions. In a significant milestone, Upstox achieved unicorn status following a recent fundraising round led by Tiger Global Management, as of November 25, 2021. This transformative investment saw the company raise $25 million (Rs 185 crore) by allotting approximately 18,761 Series C preference shares at an issue price of Rs 98,608. With this infusion of capital, Upstox secured a post-money valuation of an estimated $3.4 billion, surpassing its rival Groww, and solidifying its position as a key player in the fintech space. As the 40th unicorn startup in India in 2021, Upstox continues to redefine the investment landscape, offering users unparalleled access to financial markets and innovative trading solutions. Stay updated on Upstox's journey and industry impact at UnicornofIndia.com. #Upstox #Fintech #Investment #Unicorn #IndianStartups #Innovation #UnicornofIndia

How India's Fintech Boom is Shaping the Future Take a look at the potential growth of the fintech industry, Drive with Leadpreneur's now! https://lnkd.in/dhQfA5We #FintechRevolution #CashlessEconomy #FutureOfFinance #FintechTrends #DigitalFinance #TechInFinance #Fintechstartups #Indiastopfintechstartup

Tamil Nadu Disruptors 2024 - Fintech: CloudBankin. A Chennai-based lending SaaS startup providing solutions to financial institutions, Cloudbankin has raised $400,000 and serves over 50 institutions globally. We are immensely proud to recognise  it as one of the disruptive businesses that has revolutionised India’s entrepreneurial landscape, with the Tamil Nadu Disruptors 2024 Awards at #TamilNaduStory2024.