India is one of the youngest nations in the world with a large chunk of its population, under the age of 35. So, if India wants to be at the pinnacle of success, this population must be employed. Every year crores of students graduate from colleges with an aim to earn and live their dreams.
Earlier, it was an easy shot for companies to find their candidates during college recruitment as the population was less and so was the competition. But today in this era of cut-throat competition, it becomes difficult for the hiring team to find the perfect guy for their company!
Every Computer Science graduate burns the midnight oil to get placed at Google or Microsoft while an Electrical/Electronics engineer wants to work with Texas instruments. So, the selection process too became complex and difficult.
Since companies can’t spend a lot of money and time on recruitment, they have found a better way to do that i.e. to just give the task to an HR company! So some other firm would do the task for you. So, let’s find out about this new venture and whether it will stabilize for the long run in the market! So, let us see the complete story behind the top HR Tech Startups in India:
Launched in 2014 by BITS Pilani alumnus Vijay Sharma. Belong is a predictive hiring platform to discover and engage high-impact talent through data science and predictive analytics. They are considered as one of the top HR-Tech companies in India.
Currently, Belong works with Amazon, Reliance Jio, Cisco, and ThoughtWorks. Belong’s machine learning algorithms help businesses discover and target high-fit talent, engage candidates through personalized interactions, and accelerate hiring cycles at scale. In 2019, the firm raised $10 million.
Darwinbox
Darwinbox Website
Established in 2015 by Jayant Paleti, Chaitanya Peddi, and Rohit Chennamaneni. Darwinbox is a cloud-based HR solutions firm. An end-to-end HR platform, Darwinbox offers solutions for recruitment, core HR processes, employee engagement, performance management, employee movement, and others.
The platform’s AI engine allows a recruiter to analyze a job description and employee profile picking up keywords to arrive at a certain ranking metric. So, if there are 400 applicants for a job, the system will shortlist about 10-15 applicants for the recruiter to talk to, which saves time, increases productivity, reduces costs, and results in better talent acquisition. The three-year-old firm serves over 100 clients, including Paytm, Ekart, Spencer’s, Delhivery, and others.
Started in 2012 by Arjun Pratap, EdGE Networks provides a suite of AI-powered products that not only auto-source, auto-screen, auto-engages the best candidates and employees for a role, but also recommend the best career path and draw up a personalized learning path for each employee.
Over six years, the team at EdGE Networks has developed productivity tools that leverage AI to help businesses address challenges in the areas of talent acquisition, workforce optimization, talent transformation, and workforce planning. The company has three enterprise solutions –Talent Analytics, Workforce Optimisation, and HIREalchemy – that cover a gamut of HR requirements.
Launched in 2014 by Abhijit Kashyape, Monjin is an on-demand interview platform that uses digital and video assessment to let candidates showcase their skills and personality, and help corporations find the right hire. On Monjin, assessments are not done by technology. Senior industry individuals review prospective employees for a company.
The interviewers and candidates are matched on the Monjin engine through AI for an interview. The clients have access to a video interview where they see the interviewer and the candidate both in the frame, the interview is indexed, rated, tagged by skill, and subskills, by behaviour and by competency. There is also a summary video as a part of an assessment, which is delivered by the expert.
Mettl
Mettl Website
Mettl’s journey began in 2009 when Co-founders Ketan Kapoor and Tonmoy Shingal came together with a common vision: leveraging technology for hiring practices in Indian and Global companies. Mettl offers recruitment assessment, programming tests, psychometric tests, aptitude tests, a pre-built test library of 200-plus tests, an interview app, vocational skills assessment, remote proctoring, deep analytics in performance management, and certification platform, among others. With a presence across 100 countries, the Gurugram-based HR tech firm has over 1,800 clients across the world.
So, this completes our list of top hr tech companies in India. If you are looking for HR startups in India, then give these startups a go! It’ll save you a lot of money and energy and find you the right candidate for your company.
FAQ
What does an HR do?
An HR or Human Resources manager looks into the well-being of the employees in the company specifically in strategic management, recruitment and training, policy formulation, risk management, labour relations, and alike.
What are some HR startups in India?
Some HR startups in India are DarwinBox, Belong, Monjin, Mettl, and EdGe Networks.
Is it compulsory to have an HR in your company?
It depends on the size of the company, if it is a small startup usually the founder takes on the responsibilities of HR as well. But for bigger established companies a separate person for HR is a must to function smoothly.
Europe might be the second smallest continent, but its economy is the biggest globally. Europe has developed with time and has the most powerful and developed countries. Europe is the home of nearly 850 billionaires. Europe has many investors, businessmen, and real estate owners.
Some famous brands like Adidas, Gucci, Audi, Porsche and many more are produced and sold from this continent. It is the result of hard work and efforts made by them. Some of them inherited the wealth, and some made their wealth themselves. Now they own properties, plots, and many things worth millions.
Let’s know about some of the richest people in Europe.
Below are listed some of the richest people in Europe with their net worth.
Bernard Arnault
Net Worth – $201.6 Billion
Bernard Arnault – Richest People in Europe
Bernard Arnault is the richest person in Europe. He is an artwork collector, a French Investor, and a business investor. His wealth took a fall in the course of the COVID -19 pandemic as sales of luxurious items fell via the floor. It now looks like people have regained their choice for designer suitcases and diamond rings, though, as of 5 August 2021, he regained his identity as the richest guy in the world after his wealth went to $201.6 billion. Bernard Arnault sits as the head of LVMH, a group of 70 manufacturers of Louis Vuitton, Tiffany & Co, and Sephora.
Amancio Ortega
Net Worth – $77 Billion
Amancio Ortega – Richest People in Europe
Amancio Ortega is the 2nd richest guy in Europe. He is a Spanish businessman and Former Chairman of Zara. He started his enterprise empire in 1975, whilst he hooked up Zara with his wife. By 2009, his control had prolonged to consist of the list of organisations: Massimo Dutti, Zara Home, Kiddy’s Class, Oysho, Pull and Bear, Tempe, Stradivarius, etc. Bershka. Over the years, he’s contributed his wealth to construct an intensive assets portfolio worth of reported $17.2 billion.
Françoise Bettencourt Meyers
Net Worth – $73.6 Billion
Françoise Bettencourt Meyers – Richest People in Europe
Françoise Bettencourt Meyers is a French writer and a board member of the private care organisation L’Oréal S.A. As the only child of the majority shareholder of the organisation Liliane Bettencourt, Françoise Bettencourt Meyers inherited her mother’s fortunes upon her death in 2017. At present, she is one of the richest people globally and is ranked on the top of Forbes magazine’s lists of the international’s wealthiest lady billionaires.
However, she is better referred to as the heiress of the international’s most prominent cosmetic organisation; Bettencourt Meyers additionally has an active academic career. An outstanding creator, she has written books on Jewish-Christian relations and Greek mythology.
François Pinault is the 4th richest guy in Europe. He is the chairman and CEO of luxurious French items maintaining organisation ‘Kering’ (erstwhile PPR) and French entrepreneur. He is also the owner and president of a French-keeping corporation called ‘Groupe Artémis.’ Son of a commercial enterprise rich person and artwork collector François Pinault, who founded ‘PPR,’ François-Henri got into the commercial enterprise as a pupil of HEC School of Management.
Since PPR has obtained the French jewellery organisation Boucheron, the British style house Balenciaga, and Alexander McQueen, Now elderly 84 years old, he and his spouse are expected to be worth $42.3 billion.
Beate Heister & Karl Albrecht Jr. – Richest People in Europe
The next ones are Beate Heister & Karl Albrecht Jr. Shortly after World War I, the children of Karl Albrecht Sr., who, along with his brother, Theo Sr., founded the Aldi supermarket chain in Germany. The chain now operates throughout many of Europe, China, and Australia. Following Karl Albrecht Sr’s death in 2010, his kids inherited his fortune and stake withinside the company. Joining their net worth is $39.2 billion.
Dieter Schwarz
Net Worth – $36.9 Billion
Dieter Schwarz, the 6th richest personality of Europe, son of Josef Schwarz, is a German businessman. He set up the Schwarz-Gruppe grocery chain in 1930. Schwarz helped his father in his commercial enterprise just after leaving school. The German wealthiest person controls the organisation via Dieter Schwarz Foundation, a non-earnings charitable foundation based in Heilbronn. The organisation owns the hypermarket chain Kaufland and grocery store chain Lidl. After his father’s death, he took full responsibility as Chairman and CEO in 1977.
Giovanni Ferrero
Net Worth – $35.1 Billion
Giovanni Ferrero – Richest People in Europe
The 7th richest person is Giovanni Ferrero, son of Michele Ferrero, the founding father of the multinational confectionery agency Ferrero. After finishing his studies in the US, he returned to Italy to enrol in the family business. In 1997, he became CEO of Ferrero together with his brother Pietro. After his brother died in 2011, he became the only CEO, handing over the name in 2017 after hiring Lapo Civiletti to take his place. He took complete responsibility for the corporation after the death of his father.
Len Blavatnik
Net Worth – $32 Billion
Len Blavatnik – Richest People in Europe
A philanthropist and businessman having both the UK and US citizenships, Len Blavatnik is the 8th richest personality of Europe who constructed his fortune thru his conglomerate company, Access Industries, a privately-held multinational business institution that invests in natural sources, real estate and media, chemicals, and telecommunications, and venture capital enterprise throughout the United States, Latin America, Israel, and Europe.
In 2011 he brought Warner Music in the US and entered a brand new world of superstar performers and their hangers-on. His celebration aboard his 164ft yacht, Odessa — especially modest by the requirements of his oligarch peers — is an annual spotlight of the Cannes lm festival.
Alexei Mordashov
Net Worth – $29.1 Billion
Alexei Mordashov – Richest People in Europe
Alexei Mordashov, born in 1965, is a chairman of the World Steel Association. And also, shareholders of the Rossiya Bank. The finance director of a steel plant in Russia bought stocks of this corporation and was later appointed as the CEO. This corporation later turned into the Severstal Group.
In 2018, he transferred his stocks in Nordgold and TUI to a keeping organisation for his sons, Kirill and Nikita, to benefit from extra commercial enterprise experience. Considering the belongings of the entire family, Mordashov is worth the grand sum of $29.1 billion.
Vladimir Potanin, chairman of the conglomerate ‘Interros,’ has hobbies in mines, metals, energy, finance, retail, actual estate, tourism, technology, and different sectors. He made his fortune from the early to the mid-1990s, after the dissolution of the Soviet Union and the reformation which was accompanied in Russia.
He maximised his wealth through the controversial “loans for shares” program. He acknowledged having close ties with Russian President Vladimir Putin. He owns the billions from his stakes in companies consisting of the palladium and nickel manufacturer Nornickel and pharmaceutical agency Petrovax Pharm.
Klaus-Michael Kühne
Net Worth – $26.3 Billion
Klaus-Michael Kühne – Richest People in Europe
Klaus-Michael Kühne is an honorary chairman and a German businessman and majority owner of an international transport company Kühne + Nagel,.co-founded by his grandfather, August Kühne. He is also recognised for his investment activities. As of January 2016, his fortune was $10.9 billion, making him the ninth richest in Germany and the 103rd within the world.
He owns 30% of the transport and logistics organisation Hapag-Lloyd, which has gradually expanded in recent years. Cause of being the only child of the family and having no kids, his charitable basis will control his wealth upon his death.
Leonardo Del Vecchio
Net Worth – $25.8 Billion
Leonardo Del – Richest People in Europe
Leonardo Del Vecchio was born in 1935 in Milan, Italy, to a poor, working-class family. He was situated in the capital of the Italian eyewear industry, Agordo, in 1961. Luxottica s.a.s., founded by him and started selling and promoting spectacle frames.
Luxottica now ranks as the biggest manufacturer and store of glasses and lenses worldwide, using over 77,734 personnel over 8,000 stores. With a net worth of $25.8 billion, he ranks as the second richest personality in Italy and the fifteenth in Europe.
So, these are some of the richest personalities belonging to the different countries of Europe. Most of them are investors who made their fortune through years of investing in other companies, and they are investing more and more to earn more fortune and wealth. Now they own properties, plots, and many things worth millions.
FAQs
Who are the richest people in Europe?
Top 10 Richest People in Europe are:
Bernard Arnault
Amancio Ortega
Françoise Bettencourt Meyers
François Pinault
Beate Heister & Karl Albrecht Jr.
Dieter Schwarz
Giovanni Ferrero
Len Blavatnik
Alexei Mordashov
Vladimir Potanin
Who is the richest person in Europe 2021?
Bernard Arnault is the richest people in Europe with net worth of $201.6 Billion.
Which country in Europe has the richest people?
Luxembourg is the wealthiest country in the European Union with highest per capita income.
We live in an advanced world where there is no need for us to visit different places to get our work done. You want to order something, great there are e-commerce websites available for you to take help. Need help with a medical prescription, use one of the online services provided by many doctors. Need to pay for your taxes and bills, just visit their respective pages and your work will be done in a few minutes.
When there are so many advances noticed in day-to-day work, the other service one can achieve with the help of online platforms is taking the help of legal services available at your fingertips.
There are multiple websites and applications available for one to select according to the work they want to do. If you are also looking for a few of the best online legal services, kindly stick till the end to get your clarifications.
In the general category of legal services, several services are being provided such as free advice, startup-related legal procedures, legal documents, finding lawyers, and many more. All these can be done at the fingertips or in a few clicks.
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Let us look at different platforms enabling different legal services for our ease:
Online Legal India is a legal company providing multiple law-related services to its customers. Online Legal India was started with the mission of providing a better life every day by their excellent quality work. They are known to have their vision to solve their customers’ issues in a single go. Their main aim is to provide the best available services to their customers and to listen to their needs so that they can take the help of country law to resolve their issues in less time.
Services provided by Online Legal India:
Consultation services.
Advising on legal issues with the service of reviewing and renewing legal papers.
GST filing and registration.
Company and its trademark registration.
Looking out for a solution to consumer complaints and helping consumers with the solutions, etc.
LegalKart
Legal Kart Homepage
LegalKart is a platform enabling multiple customers to get in direct contact with lawyers. LegalKart was initiated with the vision of legal access democratic by making it neutral and affordable. They aim to make India’s economy faster by getting litigation at 0%.
LegalKart is not a legal platform like Online Legal India. Instead, it is a platform that connects customers to well-known lawyers. LegalKart is best known to provide legal help circling the startups and various types of documents as in their special services.
Services provided by LegalKart:
Instant advice.
Employment issues.
Consumer protection.
Cheque bounce.
Document verification.
Renewal and review documents.
Property-related legal issues.
Startup legal documents.
Vidhikarya
It is another top-level legal services platform. Vidhikarya is all one kind of platform enabling its users to be presented with multiple options while taking any help. Vidhikarya has its vision being set to help, enable, create, and support a conducive environment for lawyers as well as customers. They aim to become the bridge between a man and the law system. Their motto is “legal matters resolved”.
They are working with a mindset of providing legal help to everyone in need by excluding all the fuss one needs to ensure while taking any legal help. They are successfully working towards it by the team of their capable lawyers. They have their rules settled in a way to make revolutionary changes in the corporate world along with the customers in dire need of help.
Services provided by Vidhikarya:
Free legal advice.
Directly connecting customers to the required lawyer.
GST filing and Tax filing.
Helps in finding a lawyer for any possible filed near your location.
Bank-related services, etc.
Legal Service India
Legal Service India Homepage
Legal service India is a big platform making its users aware of the law information as well as providing various law services. They have a large amount of legal information stored within them which is made public for the benefit of new law students as well as anyone in need of that knowledge.
Legal Service India has its mission kept simple with the thought and plan of globalizing useful information related to the law for the students as well as needy ones.
Services provided by Legal Service India:
Copyright registration.
Finding a lawyer.
Receiving professional advice.
Taking up legal solutions online.
Hiring a lawyer for multiple issues such as corporate issues, marital issues, bank issues, etc.
Vakilsearch
Vakilsearch is another top-level legal organization initiating and co-operating communication between customers and top-level lawyers. Vakilsearch acts as a powerful platform for its loyal customers to take help from. The goal of Vakilsearch is to provide a good platform to create a great bond between customers and legal professionals. Their vision is to make legal simple.
Vakilsearch is one platform giving out every possible related help needed by new startups or organizations. They have the mission of simplifying business and successfully meeting up all the standards kept by the government by fulfilling the whole process from start to end.
Services provided by Vakilsearch:
Trademark applications.
Patent applications.
Copyright registration.
Providing lawyer service.
Providing CA for a new startup.
GST-related services and many more.
Conclusion
Legal services are one of the essential services we all need from time to time. Either it is to fill out a tax form or to register for the marriage. Everything needs to be dealt with by a legal professional only. However, we no longer need to get a regular visit to a lawyer’s office. All this work can now be done by online platforms responsible for providing legal services. Some of the best legal services available in India have been given above.
FAQ
What is the best online legal forms service?
LegalShield, Avvo, LegalZoom, and FindLaw are some of the best online legal services.
Is online legal advice good?
An online legal service is quicker and cheaper but In some cases, you might well end up paying more.
Mumbai is the financial hub of India and among the wealthiest city globally. Headquarters of most financial institutions like the Bombay Stock Exchange, RBI, National Stock Exchange, and the Mint are located in Mumbai. Even the HQs the giant business groups like Tata Group, Aditya Birla Group, Essel Group, and Reliance Industries are situated in this city. It has also become the startup hub of India and has given rise to numerous startups recently. Here we have listed down a few successful startups in Mumbai.
800+ stories, thousands of founders, and millions of visitors. Want to be the next?
StartupTalky is where founders, entrepreneurs, startups and businesses hang out and look up to for inspiration. If you have the means, we have the medium! Inviting founders and startups who are building sustainable solutions from ground zero! Startups who run the show, StartupTalky will let the world know!
Founders: Ashish Hemrajani, Parikshit Dar & Rajesh Balpande Year Founded: 1999 Industry: Ticket Booking Funding: $224.5 Million
Bookmyshow Logo | Startups in Mumbai
BookMyShow is India’s largest online entertainment ticket booking brand. People can easily buy movie and shows’ tickets on their website. BookMyShow has also helped less popular theatres and their artists to gain an audience. The company provides ticket management software to cinemas. Along with that, the company promotes movies and shows on their website which generate good revenue for them.
BookMyShow was founded by Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande. In 1999, they began from a small room in Mumbai and now have spread themselves globally. BookMyShow acquired 7 startups including MastiTickets, Townscript, Burrp, and Nfusion.
Ola is a taxi aggregator and bridges the gap between cab owners and commuters. Ola doesn’t own any cars but partners with a number of taxi drivers and owners. The company also owns the food startup “Foodpanda”. Owned by ANI Technologies Pvt. Ltd, Ola was started in Mumbai, it is now headquartered in Bangalore. Ola has continuously been expanding its range of services. Ola has its own e-wallet called Olamoney which makes it convenient for riders to pay for the rides.
The startup was founded by Bhavish Agarwal and Ankit Bhatia in 2010. You can read our Ola Startup Story to know more about the startup.
Cleartrip
Founders: Stuart Crighton, Hrush Bhatt & Matthew Spacie Year Founded: 2006 Industry: Travel booking Funding: $56.4 Million
Cleartrip logo | Startups in Mumbai
Cleartrip is an online travel booking company. It lets travelers book anything from flights to hotels. The startup started in Mumbai but now has offices in Bangalore, Gurgaon, and Dubai too. Along with B2C services, Cleartrip provides B2B services like “Cleartrip for Business”. A corporate travel management tool. AgentBox is another B2B tool for travel agents.
Cleartrip was founded by Stuart Crighton, Matthew Spacie, and Hrush Bhatt in 2006. It has raised a total of $56.4 million of funding from Concur Technologies Inc., DAG Ventures, and Gund Investment Corporation.
Founders: Rishi Malhotra, Vinodh Bhat, & Paramdeep Singh Year Founded: 2007 Industry: Music Streaming Funding: $131.6 Million
JioSaavn logo | Mumbai Startups
Saavn is a music streaming freemium service which offers songs in Hindi, English, and other regional languages. It works on the freemium model. With the free version, there are ads and some limitations whereas, in the paid version, there will be better streaming quality and many other features. The company has the rights to over 50 million songs. Later, saavn was acquired by Jio for more than $1 billion and it became JioSaavn.
The startup was founded by Rishi Malhotra, Vinodh Bhat, and Paramdeep Singh in 2006 as “BODVOD Network”. Before it was acquired, Saavn had raised funding of a total of $110 million.
Founders: Mohamed Galib, Sony Joy, Lishoy Bhaskaran & Anoop Sankar Year Founded: 2013 Industry: Fintech Funding: $7.5 million
Chillr | Mumbai Startups
Chillr allows instant money transactions directly through the individual’s bank account through the app itself. However, after the launch of the UPI system, Chillr is has nothing new to offer. But as Chillr was already running a kind of “UPI” system from 2013, they have a lot of Banks as their partners.
Its a brand run and owned by Backwater Technologies Pvt Ltd.Mohamed Galib, Sony Joy, Lishoy Bhaskaran, and Anoop Sankar together started Chillr in 2014.
Founders: Ashish Shah Year Founded: 2011 Industry: Furniture Funding: $245.3 Million
Pepperfry | Startups in Mumbai
Pepperfry was founded with an idea to make furniture shopping online convenient for married couples who aim to start their life afresh with a new home. The company sells sells home décor and furniture. Launched in 2011, Pepperfry is facing tough competition from FabFurnish and Urbanladder.
Ashish Shah, founder, and CEO of PepperFry is a graduate of Pune University. He later did a diploma course in Ghaziabad and has 15 years of work experience in the market.
Founders: Hemanth Goteti and Zishaan Hayath Year Founded: 2013 Industry: E-Learning Funding: $112.1 Million
Topper logo | Mumbai Startups
Toppr is an e-learning app trying to make studies fun with its interactive content. It provides study material to students from class 5th to 12th standard and also for students appearing for entrance examinations and scholarship exams.
The ed-tech startup was founded by Hemanth Goteti and Zishaan Hayath, graduates from IIT Bombay. Toppr has raised a total of $65.1 million of funding mainly from Milestone Trustee Services and Alteria Capital.
Founder: Falguni Nayar Year Founded: 2012 Industry: Beauty Products Funding: $341.9 Million
Nykaa Logo | Mumbai Startups
Nykaa is one of the top from the list of entrepreneurs in Mumbai. It is an e-commerce website that offers beauty and wellness products from all the leading brands such as Lakmé, Kaya Skin Clinic, L’Oréal Paris, M.A.C, Bobbi Brown, Clinique, Estee Lauder, and many more. Nykaa follows inventory–led model. It has inventory spaces in Delhi, Mumbai, and Bengaluru.
Falguni Nayar who founded Nykaa in 2012, is a former managing director of Kotak Mahindra Capital Company. Nykaa has 35 stores. Nykaa launched its collection of in-house beauty products in 2017.
Founders: Jaydeep Barman and Kallol Banerjee Year Founded: 2011 Industry: Food Delivery
Faasos | Startups in Mumbai
Faasos is a “food on demand” service. You can order the delicacies of your choice through its app or website. Faasos operates in more than 15 cities of India and 200+ locations. The company promises to provide a refund of up to INR 200 in case of late delivery. It shows how committed Faasos is towards giving customers the best service.
Faasos was founded by Jaydeep Barman and Kallol Banerjee in 2011. This Mumbai-based startup has raised $60 million in funding. Faasos is rapidly growing in India with the help of social media influencers.
GrabHouse
Founders: Prateek Shukla & Pankhuri Shrivastava Year Founded: 2013 Industry: Real Estate Funding: $13 Million
GrabHouse Logo | Mumbai Startups
With growing economic opportunities, people are moving from small towns and districts to big cities. For this, people require accommodation. GrabHouse helps people rent an apartment, find a PG, and a house where they can stay while working or studying in the city. What was unique in GrabHouse was that they provided fully furnished sharing or private homes with only 2 months security deposit. This is what attracted everyone towards the company.
The startup was founded by Prateek Shukla and Pankhuri Shrivastava in 2013. In 2016, Quikr acquired GrabHouse for $10 million and rebranded it as QuikrHome. Now, the website of GrabHouse redirects users to Quikr’s website.
HOUSING
Founders: Rahul Yadav + 11 Year Founded: 2012 Industry: Real Estate Funding: $147.8 Million
Housing.com Logo | Startups in Mumbai
Housing is a marketplace platform that has interactive maps allowing the visitor to look deep into the real estate market. People get a huge option of property on the website and can contact the owner to make the deal. Launched in 2012, the company claims to have more than 6,000 brokers with 1500 employees across 45 cities.
Housing.com is the mind-work of Rahul Yadav along with his team of 11 Co-founders. The startup acquired Indian Real Estate Forum in 2015 for $1.2 million. They also acquired HomeBuy360 in the same year for $2 million. Later, housing merged with PropTiger.
Founders: Sandeep Lodha Year Founded: 2015 Industry: Wedding Funding: Acquired
Weddingz Logo | Mumbai Startups
India is the world’s largest destination for wedding marketing. Keeping this fact in mind, Weddingz was founded to make it easier to choose the wedding venue online. The soon-to-be-married couples can book a venue, rooms, and other wedding related items online quickly and fast.
Weddingz.in was founded by Sandeep Lodha. Sandeep is a graduate of Wharton Business School and IIT-Delhi. The startup was acquired by OYO in 2018. OYO bought 100% stakes of Weddingz in a cash-and-stock deal.
Founders: Piyush Jain & Khushboo Jain Year Founded: 2014 Industry: Crowdfunding Funding: $4.5 million
ImpactGuru | Mumbai based Startups
ImpactGuru provides complete crowdfunding solutions to empower individuals, NGOs, and social enterprises to raise funds for medical emergencies, personal needs, creative projects, or any social cause. It is also the first crowdfunding platform in India to launch a smartphone app for customers with an AI-supported story builder. Over 20,000 patients have benefited from 2 lac donors with ImpactGuru. Also, over Rs, 150 crores / $20 million has been mobilized across 15 countries on this online platform.
The startup was founded by Piyush Jain and Khushboo Jain. ImpactGuru has raised a total of $2.5 million from various investors.
Founders: Vineet Budki, Nidhi Varma, Prashant Choudharya & Biswajeet Karmakar Year Founded: 2014 Industry: Travel guide Funding: $1.1 million
Guiddoo | Startups in Mumbai
Guiddoo is a platform to discover and book in-destination experiences. It was initially started as an audio guide. Later, it turned into an app pivoted to tours and activities booking. The app helps travelers to discover and book in-destination activities across 15 countries.
This Mumbai based startup was founded by Vineet Budki, Nidhi Varma, Prashant Choudharya, and Biswajeet Karmakar. They have raised a funding of $1.1 million to expand their services in other countries.
BAJAAO
Founders: Ashutosh Pandey Year Founded: 2005 Industry: ECommerce Funding: Bootstrapped
Bajaao Logo | Startups in Mumbai
Bajaao, a Mumbai-based e-commerce startup that sells musical instruments and other equipment online. The company also provides the servicing of musical instruments.
The startup was founded by Ashutosh Pandey in 2005. Aashutosh is himself a music lover and wishes to spread his love for music. So, he started his own commercial venture by selling instruments to young musicians and people who wish to take it up as a hobby.
Founders: Rahul Singh & Mithilesh Said Year Founded: 2015 Industry: Travel Funding: $325k
Ithaka Logo | Mumbai Startups
Ithaka is a chat-based travel planning app, that covers destinations from Thailand, Bali, Europe, UAE, Singapore, Malaysia, and Turkey. The startup was launched as an in-destination experience booking website but later pivoted to travel planning. This free platform is for the people who want to plan and execute their own trips and not to book a pre-made package.
Ithaka was founded by Rahul Singh & Mithilesh Said. Both the founders love to travel and found inspiration for their startup while traveling. Rahul is the CEO of the company while Mithilesh is the CTO.
Founders: Rajiv M Ranjan & Neeta Ranjan Year Founded: 2018 Industry: Peer to Peer Platform for Lending Funding: $1.1 million
PaisaDukan Logo | Mumbai Startups
PaisaDukan is a Peer-to-Peer (P2P) lending platform. PaisaDukan acts as a mediator between borrowers and investors. The company serves as a digital marketplace to enable borrowers to meet their financial needs, provide investors a safer and smarter investment option, and aid financial inclusion.
A creditworthy individual can borrow money for a variety of purposes like education, health care, marriage, small business, etc at a rate of interest as low as 12% p.a. And an investor (online money lender) can lend to borrowers at an interest rate which can be as high as 24% p.a. through an alternative financial channel. Investors can choose and fund borrowers based on their risk appetite.
Heckyl Technologies
Founders: Mukesh Madras Year Founded: 2010 Industry: Tech Funding: $7.5 Million
Heckyl Technologies Logo | Mumbai Startups
Heckyl Technologies is trying to get structured as well as unstructured data in real-time analytical products to financial institutions and corporates. Heckyl provides a Risk Early Warning System (EWS) Software Platform for managing credit risk. It gets millions of data as input for businesses from which it creates output to help the credit risk team to identify potential defaulters.
Heckyl Technologies was founded by Mukesh Madras in 2010. The startup has received a total of $7.5 million in funding.
Founders: Priyanka Save & Nagesh Pai Year Founded: 2010 Industry: Wine Funding: Bootstrapped
Fruzzante` | Mumbai Startups
Fruzzante` is the world’s first and only producer of a cider-style alco beverage made from Sapodilla (chikoo) extracts. Fruzzante` is also the only company producing fruit-based (non-grape) bottled products in the wine category that is commercially available. It is both vegan and gluten-free which makes it a healthy choice. The company also makes wines in other flavours like mango, pineapple, and spice garden.
The startup was founded by Priyanka Save & Nagesh Pai in 2010.
Founders: Tarun Jagwani and Natasha Jagwani Year Founded: 2012 Industry: Jewellery Funding: Bootstrapped
Tsara is a jewellery designing and manufacturing company. The main focus of Tsara is destination jewellery. The company has four lines of jewellery to complement various occasions and events and launches a new collection every few months.
The startup was founded by the couple, Tarun Jagwani, and Natasha Jagwani. The story behind this idea is that Natasha once lost her precious jewellery. So, the couple realised how important destination jewelries are. You can read the Tsara’s Startup Story to know more about them.
Founders: Shiraz Khan Year Founded: 2004 Industry: Digital Marketing Funding: Bootstrapped
SpiceTree Design Agency is a digital marketing firm that provides services in all the areas of digital marketing. Some of its services are web designing, print, social media design, SEO, SMO, re-targeting, etc.
SpiceTree Design Agency was founded by Shiraz Khan in 2004. The company was started with Shiraz’s saving of Rs. 1,00,000. You can read the Startup Story of SpiceTree Design Agency to know more about it.
TAC Security
Founders: Trishneet Arora Year Founded: 2013 Industry: Cyber Security Funding: $1.5 Million
TAC Security is a cyber-security solutions provider with a mission to anticipate, resolve, and mitigate cybersecurity risks and challenges. This Mumbai-based startup provides network, application, and web security solutions to corporates, banks, startups, governments, and law enforcement agencies.
Trishneet Arora founded TAC Security Solutions in 2013 at the age of 19. Trishneet has a strong inclination towards technology, gaming, and computers since he was a child. He is one of the youngest ethical cyber security experts in India. Its current client portfolio includes names such as Reliance Industries Limited, Gujarat Police, Punjab Police, AMUL, Avon Cycles, RALSON, and Central Bureau of Investigation (CBI), among others. TAC Security raised a funding of $500k from Vijat Kedia, MD, of Kedia Securities.
Monk Entertainment
Founders: Ranveer Allahbadia & Viraj Seth Year Founded: 2017 Industry: Digital Marketing Funding: Bootstrapped
Monk Entertainment | Startups in Mumbai
Monk Entertainment or Monk-E is a digital marketing startup that works with influencers and manages their marketing. Brands also connect with them and the company finds the most suitable influencers for them. Along with that, they provide video production to influencers and brands.
The startup was co-founded by a popular YouTuber, Ranveer Allahbadia. He has a YouTube channel called “Beerbiceps” and his friends help him with managing it. So, he and his co-founder, Viraj Seth came up with the idea to help other fellow influencers. The startup is bootstrapped and was founded in 2017.
LabelBlind
Founders: Rashida Vapiwala Year Founded: 2018 Industry: Health Tech Funding: Bootstrapped
LabelBlind is a digital platform that gives out information about the nutritional value of food products. The main purpose of the platform is to provide nutrition literacy to the people. The platform reviews and rates food items so that customers can choose healthier food options for themselves after examining the value of different food products.
The company was founded by Rashida Vapiwala, an expert nutritionist in the year 2018. This startup is bootstrapped and has been one since its formation. Over 8000 packaged food labels reviews and ratings can be found here for the consumers to decide and choose from.
CoinDCX
Founders: Neeraj Khandelwal and Sumit Gupta Year Founded: 2018 Industry: Cryptocurrency Funding: $109 Million
CoinDCX is a company that gives Cryptocurrency related financial services. It is a cryptocurrency trading network that ensures its customers a quick, risk-free, and effortless trading experience. It is said to be the largest and safest cryptocurrency legal exchange platform, where buying and selling of various types of cryptocurrency are possible.
Neeraj Khandelwal and Sumit Gupta, two graduates from IIT Bombay decided to try their hand in the cryptocurrency industry when they realized that Bitcoin has gained quite a momentum in the world. Both of them decided to use Blockchain technology to deal with financial inclusions and now it has received$109 Million of funding.
MailIt is a company that deals with dispatch aggregating and work on dispatching various types of packages and all types of mailroom management service. Apart from that, they also provides services involving dispatch of bulky documents and parcels nationally and internationally as well.
It was founded in the year 1987 by Mahesh Shirodkar. The company recently got funded by Ratan Tata in the year 2021, although the amount was not disclosed. The headquarters is situated in Mumbai, India. Many leading corporations are relying on the services of MailIt.
Cube Wealth
Founders: Satyen Kothari Year Founded: 2016 Industry: Fintech Funding: $500000
Cube Wealth is a automated wealth technology application that helps people investing in a simple manner. All these are done under the guidance of well known Investment manager. All the investment of the user are managed in this app and one can do that without facing any problem.
Cube Wealth was founded in the year 2016 by one of the most successful person from the fintech industry in India that is Satyen Kothari, the person who founded Citrus pay. He is also the current CEO of Cube Wealth.
ePayLater
Founders: Akshat Saxena, Aurko Bhattacharya and Uday Somayajula Year Founded: 2015 Industry: Fintech Funding: $180 Million
ePayLater provides people an option to buy now and pay later like a credit card card from online portals. Basically it is a platform that provides an instant credit limit where one can buy whatever they want quickly with just a single click and pay for that item later.
ePay Later was formed in the year 2015 and is now on the path to simply the customer experience with their innovations. Recently the company has raise $2.5 Million by Pravega Ventures in the February of 2021.
Dream11
Founders: Harsh Jain and Bhavit Sheth Year Founded: 2008 Industry: Fantasy Gaming Funding: $1.62 Billion
This is an application that allows its users to creat imaginary team and play matches with them, through which they can also win money if the players performs well in the actual matches. The games that can be played here are Cricket, Football, Kabaddi and Basketball.
It is India’s biggest sports gaming platform and have over 140 million users. Both of the founders Harsh Jain and Bhavit Seth are an ardent sports lover and they founded the sports gaming platform in 2008. Recently the company has collabed with popular TiktOk star Khaby Lame in their new campaign #Dream11PeDimaagLagaNa.
Acko
Founders: Varun Dua and Ruchi Deepak Year Founded: 2016 Industry: Insurance Funding: $458 Million
This is a private insurance company in India and offers its customers insurance facilities, products and commissions. It is a digital platform and everything that is done here is online. It has become the first digital service provider in the country, India.
It was founded in the year 2016 by Varun Dua and Ruchi Deepak, the company has received fundings from Catamaran Ventures, Accel Partners, SAIF Partners. The current CEO is Varun Dua and the headquarters of the insurance company is located in Mumbai, India.
Apna
Founders: Nirmit Parikh Year Founded: 2019 Industry: Employment Funding: $193.5 Million
Apna Jobs is all about providing job opportunities to the people of India. Unemployment is a big concern in this huge country so digital recruitment can help in solving that, that is what the motive is. It is a job platform where one can find jobs and mingle with the community.
Through this app one can find job as per their skills. It was founded in the year 2019 by former Apple executive, Nirmit Parikh and with its work it was able to become the fastest Unicorn in the country.
This is the list of startup companies in Mumbai. Hope you liked it.
If you know any other Mumbai-based startups, please contact us. We will connect with them to feature in the list of startups in Mumbai.
FAQs
How many startup companies are there in India?
India has about 50,000 startups India in 2018; around 8,900 – 9,300 of these are technology-led startups 1300 new tech startups were born in 2019 alone implying there are 2-3 tech startups born every day.
How can I get startup benefits in India?
Benefits of Startup India Scheme:
Self Certification under Labor and Environmental Laws.
Tax Exemption for Three Years.
Tax Exemption on Investment Above Fair Market Value.
Easy Winding Up of Company.
Startup Patent Application and IPR Protection.
Relaxation in Public Procurement Norms.
SIDBI Fund of Funds.
Is Oyo a startup?
Oyo Hotels and Homes are raising $1.5 billion from founder Ritesh Agarwal, SoftBank Group Corp. Agarwal, who founded Oyo in 2013, has built it into India’s second-most valuable startup with a valuation of about $10 billion. Its service covers 1.2 million rooms in over 80 countries, including 590,000 rooms in China.
What are the top Mumbai based startups in India?
Some of the top mumbai based startups are:
BookMyShow
Ola
Chillr
Grabhouse
Pepperfry
Housing
Ola Cab
Toppr
Nykaa
Impactguru
Is Mumbai good for startups?
Mumbai is an attractive startup hub which is contributing highly in Indian startup eco-system. It has great connectivity with other countries and a growing number of co-working spaces. The presence of prominent venture capital firms in Mumbai makes it best for startups.
Changing and moving is a part of life. With the rise in corporate culture, shifting has become more frequent among the youngsters.
Nowadays, people don’t settle in one place for their entire life. They tend to shift due to work, weather, or other reasons. When it comes to shifting, the first thing that gives a sense of stress is the shifting of furniture.
The process of furniture shifting can be prone to damage and also expensive. So, a great idea here is to rent furniture. This means you can keep and enjoy the furniture for as long as you like. Plus, you don’t have to worry about shifting, as you can return it.
In India, we have many furniture rental startups that make the process easy.
In simple words, furniture renting helps you to enjoy good quality furnishings without a long commitment. It helps you to adjust to changing living situations.
If you are someone who keeps on moving from one place to another, this is the perfect choice for you. Buying furniture and moving it every time you have to shift can be troubling. This can lead to damage to some high-end furnishings. Also, shifting furniture is quite an expensive process.
So, you can find furniture as per your preferences and need anywhere. Then you can make payments monthly or for a whole year. In this way, you can have the furniture without any lifelong commitment to it.
Furniture Rental Startups in India
Gone are the days when people would buy furniture and settle with it for the rest of their lives. The youngsters nowadays don’t like such sort of commitments with anything.
They like the concept of moving, changing, exploring. Youngsters nowadays keep on moving for work, exploration, or adventure. So, furniture renting startups is a new go-to platform for many.
These startups enable people to order furnishings online. People simply have to pay rent for the time they need the furniture. When their need is over, they can send it back. This no long-term commitment is what is contributing to the success of many startups.
The following are some of the startups for renting furniture in India:
Pepperfry
Pepperfry – Top Furniture Rental Startup in India
Pepperfry is an online platform for all kinds of home furnishings shopping. It was launched in the year 2011. Its founders are Ambareesh Murty and Ashish Shah. The startup has its headquarters in Mumbai, India.
Cityfurnish – Top Furniture Rental Startup in India
Cityfurnish, the e-commerce platform offers the facility of renting furniture. It was founded in 2015. Its founders are Neerav Jain, Saurabh Gupta, and Vinit Jain. The company is headquartered in Gurugram, Haryana, India.
Cityfurnish offers a wide variety of modern contemporary furniture. People can rent quality and durable furniture right from their homes. It offers services like free delivery and setup at home. They also offer free maintenance of the furniture.
An Indian startup, Cityfurnish not only offers services in Gurugram but also to other big cities.
Rentickle
Rentickle – Top Furniture Rental Startup in India
It is a startup for renting furniture. It launched in the year 2015. Amit Sodhi and Vineet Chawla are the founders. The startup has headquarters in Delhi.
The company’s main goal appears in its tagline. This is to help people turn their houses into homes. It has home furniture items, home furnishings, electronics, and other appliances on rent. The quality of the products offered here is exclusive with a wide variety.
This became so popular that it was able to gain more than 10,000 subscribers in its first two years. Since then, it has been a go-to stop for the people who wants to rent furnishings.
Furlenco
Furlenco – Top Furniture Rental Startup in India
This startup for renting furniture was founded in the year 2012. Ajith Karimpana is the founder of the Furlenco. The company has headquarters located in Bengaluru.
Here, people can rent a range of quality furniture like beds, dining tables, sofas, and also full room setup packs. The platform also offers great discounts on furniture to the customers.
Furlenco is in service in many metropolitan cities of India.
Furlenco- Furniture Rental Startup in India
Rentomojo
Rentomojo – Top Furniture Rental Startup in India
Another popular Indian platform for renting furniture is Rentomojo. It was established in the year 2014. Geetansh Bamania, an ex-IITM, is the founder of the startup. The headquarters of the company is in Bengaluru.
Rentomojo provides various categories of products. From furniture to electronics, the platform has everything for furnishing. The company also offers smartphones for rent.
The company provides services beyond Bengaluru as well.
Guarented
Guarented – Top Furniture Rental Startup in India
This is another popular startup in India for having furniture on rent. It was established in the year 2015. Its founders are Abhimanyu Dikshit, Harshwardhan Raikwar, and Prateek Agrawal. The startup has its headquarters in Bengaluru, India.
The company enables people can pay affordable prices and get durable quality furniture on rent. The idea is to cater to the needs of people who don’t want to own things. Also, the people who are always on a move or have troubles with finances.
On Guarented, you can find a great variety of beds, refrigerators, dining tables, mattresses, sofa, etc.
Voko
Voko – Top Furniture Rental Startup in India
Voko, the Indian startup for renting was established in the year 2016. Its founders are Bhuvnesh Sharma and Harsh Vardhan. Both of them were earlier employees at OYO. The company’s headquarters are in Gurugram.
The startup focuses on the needs of youngsters moving from one place to another. It has a variety of furniture, electronics, and other appliances. These include Television, fridge, beds, tables, etc.
Conclusion
With the advent of technology and digitalization, everyone wants everything on their phones. The lifestyle among the youngsters is getting more and more mobile. This mobility has given a boost to furniture rental startups.
The furniture rental startups enable people to find a variety right in their smartphones. They can browse from an endless range of variety and pay rent for it. These startups also offer discounts, free installation, and maintenance. In India, there is a rise in mobility and income among working professionals. This is an ideal atmosphere for furniture rental startups to grow more in the future.
FAQs
Which are the top furniture rental startups in India?
Top 7 Furniture Rental Startups in India are:
Pepperfry
Guarented
Cityfurnish
Rentickle
Furlenco
Rentomojo
Voko
Can we rent furniture from Pepperfry?
Yes, Pepperfry provides furniture renting service since 2017.
Which are the Indian start up dealing in online furniture sales?
Some of the top Indian Startups that deals in selling furniture are:
Digital currency is the new reality at present. We are surrounded by different types of digital currency first came payment cards, and then came UPI, and now the thing that is always on-trend, Cryptocurrency. It wouldn’t be long before the big stacks of notes disappear.
Cryptocurrency has started to grasp the market as well as the mind of the youth. The investments in cryptocurrency are rising day by day. The cryptocurrency was first invented in 2008 by an anonymous individual or a group of people Satoshi Nakamoto. It is a type of digital currency that functions on blockchain technology; it is decentralized and cannot be controlled by any Government or mediator.
The exchange of cryptocurrency is possible through various trading sites. Amongst all those, there is CoinDCX, where you can do the said job. Now marketing of any kind of business is necessary for the brand to be visible in front of people. A proper marketing strategy has to be set up carefully for the sales and the survival of the business depends on it. In this article, we will talk about CoinDCX’s marketing strategy and how it is making everyone’s head turn towards them. So let’s get started.
“In cryptocurrency investment, long-term thinkers are less stressed.”
CoinDCX was founded in the year 2018 by Neeraj Khandelwal and Sumit Gupta, two graduates from IIT Bombay. The IIT graduates decided to invest in this company after they realize that Bitcoin is creating noise in the market. This is a company that works on providing cryptocurrency-related financial services and deals with cryptocurrency trading networks.
The company’s main motive is to provide a risk-free, fast, and reliable trading experience to all of its customers. Various types of cryptocurrencies can be exchanged here by traders and it is said to be the largest and safest cryptocurrency exchange platform.
Features of CoinDCX
The main features of CoinDCX that are helping the company to attract customers are:
It is extremely quick, simple, and easy where one can just start investing in it in just 10 minutes.
The safety that it provides to its customers while trading is another significant feature that makes it popular in the world of cryptocurrency exchange platforms. Whatever the investment is, the site ensures to make it safe.
The adding and withdrawing of the fund is not time taking and can be done quickly.
One of the most common mass media is television, through it one can reach a huge number of people, so advertisement here is pretty much a jackpot for any brand. CoinDCX with its shrewd strategy launched its advertisements on TV.
The ad consists of Bollywood actor Ayushmann Khuranna, who is ensuring how it is safe and easy to invest in cryptocurrency through the CoinDCX app and is asking the audience to install it as it is the future.
Social Media Advertisement
Facebook ads are quite common of CoinDCX, in their digital campaign titled #Bitcoinliyakya consists of a woman asking a man who is showing off all his properties, that if he has anyhow invested in Bitcoins, which is an asset that is on-trend right now.
This ad is somehow making people aware of cryptocurrency and how if you are not investing in them, you are going to miss out on a great opportunity. Not only on Facebook, but the campaign has also launched on all social media platforms.
Celebrity And Influencers Endorsement
Apart from Ayushmann Khuranna being its brand ambassador, CoinDCX has roped in various content creators like Ashish Chanchlani who asks people to download CoinDCX and start investing in it.
Apart from many other YouTubers that are promoting CoinDCX in their channels. Cricketers Surya Kumar Yadav and Prithvi Shaw promote CoinDCX as a safe way to begin investing in cryptocurrency. Celebrities like Nora Fatehi and Gauhar Khan have also taken a part in promoting CoinDCX.
When it comes to any kind of business, certain offers can make the audience entice. Just like that, it has offered ₹100 worth of Bitcoins to new users the user has to make at least one purchase in a whole month to earn the reward.
With new rules and regulations in the country regarding cryptocurrency plus with the fluctuating nature of it, the future is quite uncertain but trading platforms like CoinDCX with their brilliant marketing strategy are able to attract potential customers to use the trading platform. It assures safety which is one of the most important factors involving digital currency like cryptos. The most interesting part is that in just three years, the company has become the first crypto Unicorn in the country.
FAQ
What are the marketing strategies employed by CoinDCX?
CoinDCX uses television advertisements, social media marketing, and seo to market its brand.
How does CoinDCX make money?
CoinDCX makes money by getting deposit fees, withdrawal fees, and trading commissions from exchanging different types of cryptocurrencies.
Is CoinDCX safe in India?
CoinDCX is the largest and safest cryptocurrency exchange platform.
The world has evolved over time and technology has played a great role in that. Money isn’t just paper anymore, it has taken the form of digital currency as well. The word cryptocurrency is always on-trend now. People are realizing its characteristics slowly but steadily.
A few years ago, the concepts of cryptos were not that popular. The cryptocurrency was invented in 2008 by an unknown individual or group called Satoshi Nakamoto but started gaining momentum in recent years.
To be specific, Cryptocurrency is nothing but a form of digital currency that runs on blockchain technology which means it is decentralized in nature and cannot be controlled by any Government or any mediator.
Cryptocurrency can be exchanged through various trading sites and amongst all those sites, we have CoinDCX. In this article, we will talk about India’s first crypto unicorn, CoinDCX’s business model and how it makes money. So let’s get started.
“Cryptocurrency will change market structures, and maybe even the architecture of the Internet itself.” -Abigail Johnson
CoinDCX is a company that focuses on providing cryptocurrency-related financial services and is into cryptocurrency trading networks. It concentrates on giving the customers a quick, risk-free, effortless, and reliable trading experience. It is also considered the safest and largest cryptocurrency legal exchange platform where one can buy and sell various types of cryptocurrencies.
CoinDCX Website
The company has developed a trading platform where traders using CoinDCX have given the facility to trade various industry-first products by using exchange liquidity.
CoinDCX was founded by Neeraj Khandelwal and Sumit Gupta in the month of April 2018, both of the founders have graduated from IIT Bombay.
Neeraj Khandelwal and Sumit Gupta
When Bitcoin started gaining momentum in 2014, the founders realized that it would be great to take the support of blockchain technology to get started with financial inclusion.
Both of them strived hard to make this site the safest place for traders to buy and sell cryptocurrencies. As of over 188 people are working in CoinDCX as their employees.
Features of CoinDCX
CoinDCX is attracting the attention of crypto traders because of its several amazing features. Some of them are down below:
It is quite easy, simple, and fast. One can just start investing in just 10 minutes.
Another significant feature is that is CoinDCX is safe to use. Any kind of trading or investment is safe here on this site.
The adding and withdrawing of the fund can be done very quickly. It is not time taking.
Target Audience of CoinDCX
People who are interested to buy and sell their cryptocurrencies in huge amounts are mainly the target audience of CoinDCX. It is in a mission to entice the people from millennials and Generation Z. It is operated worldwide and is for all types of traders taking into consideration their trading history, risk tolerance, and the number of times they have traded.
CoinDCX provides a number of tokens for exchange to the traders. Some of the popular tokens are:
Bitcoin
Ethereum
Bitcoin Cash
Litecoin
Binance Coin
Chainlink
EOS
Tether
Cardano
Stellar Lumens
Ripple
Tron
Matic Network
Basic Attention Token
Business Model of CoinDCX
The development of the single point access by the CoinDCX helps in trading all kinds of cryptocurrencies that can be found in over 500 markets. Such is their trade machine engine is built that it is able to process 1 million transactions in just a second.
CoinDCX makes money like any other trading platform by charging a transaction fee during every exchange. Apart from that the company also makes money through the withdrawal sum, deposit fees, and the commission received from trading. INR is converted into cryptos by the trader and cryptos are converted into INR on DCXInsta.
How Does CoinDCX Make Money?
CoinDCX basically makes money from deposit fees, withdrawal fees, trading commission, and listing fees. Deposit fees are charged while exchanging currencies. Plus withdrawal fees and trading commission are derived from any normal transaction and exchange.
Revenue Of CoinDCX
CoinDCX’s current value is $1.1 billion and with people taking an interest in cryptocurrencies the amount will increase in the near future. Recently, it has been able to raise funds over $109 Million from five investors, thus leading it to add its name to the list of unicorns and it has also become the first crypto unicorn of India.
Current Scenario Of CoinDCX
With the sudden bump in the journey of cryptos, the company’s future is also in question. After the ban on cryptocurrency by the Chinese Government, the digital currency market faced a big loss.
CoinDCX at first during the early period of this year roped in Bollywood superstar, Amitabh Bachchan as their Brand Ambassador. Following some tension regarding the cryptocurrencies clarity in its legality, Bachchan withdrew his name as its ambassador.
CoinDCX Amitabh Bachchan
After that CoinDCX again announced Bollywood actor Ayushmann Khurrana as its new brand ambassador for their campaign ‘Future Yahi Hai’. This campaign was set to promote the safety of the platform for trading cryptocurrencies and acknowledge all the concerns related to cryptos.
In the last few weeks, there is a huge ruckus going on regarding the legality of cryptocurrencies in India, the decision regarding the future of Crypto would be taken on the 13th of December 2020 by the Prime Minister of India, Narendra Modi. The fate of CoinDCX and its other competitors will be decided in just a few days.
Cryptocurrency, even after its fluctuating nature was able to hold the attention of the people, naturally trading platforms like CoinDCX were quite a help for the traders that wanted to exchange cryptocurrencies safely. It tried its level best. Although the future of the company is unknown and depends on the Cryptocurrency bill of the country, one cannot deny the successful model and ways of the company that helped them in becoming the first Unicorn that too in the field of cryptos in just a span of three years.
FAQ
How much does CoinDCX charge per trade?
CoinDCX charges takers 0.04%, and makers 0.06%.
What is CoinDCX and how it works?
CoinDCX provides crypto-related finance services. It has a trading platform that traders can use to invest in crypto.
Who is the founder of CoinDCX?
CoinDCX was founded by Sumit Gupta & Neeraj Khandelwal on 7 April 2018.
When it comes to promoting and marketing, firms know that enlisting the help of a celebrity will almost always provide the desired results. If a well-known celebrity joins a company and promotes its products, it is more likely to sell well and generate attention in the marketplace. Celebrity endorsement improves a company’s reputation. Businesses get greater credibility by picking and advertising the right personalities and endorsements for their services.
Celebrities are undeniably adept at marketing and have easy access to a huge audience. These are individuals who like photographing and having their work published in magazines, blogs, social media, and other venues. As a consequence, promoting your company with a well-known celebrity will have a tremendous influence on your target market and beyond.
Manoj Bajpayee is a big name in Bollywood and has a huge fan following. Manoj started his acting career with just a small role in Govind Nihalani’s Drohkaal in 1994. And from there he got some other small roles and then a soap opera Swabhimaan in 1995 which aired in Doordarshan offered by Mahesh Bhatt. After a string of minor appearances, the gifted actor made his breakthrough in Ram Gopal Varma’s murder drama “Satya (1988).” He won the National Film Award for Best Supporting Actor for the film, as well as the Filmfare Critics Award for Best Actor for the same film.
Manoj catapulted to stardom overnight with the release of Gangs Of Wasseypur, gaining a large following, particularly among the youth. With such a great following, comes great business opportunities. Businesses began asking him to promote their brands as soon as he gained notoriety. Following are some brands that were endorsed by Manoj Bajpayee.
In February 2021, Piramal Pharma Limited named Manoj Bajpayee as the brand ambassador for Tetmosol, a medicated skin-care soap. Tetmosol, a medicated skin-care soap from Piramal, is used to treat various scabies as well as other skin-related issues. Manoj Bajpayee discussed his connection with Piramal’s Tetmosol, saying that he is pleased to be promoting Tetmosol because it is a well-known brand and the company shares his vision of changing the lives of millions of Indians.
Pan Vilas
Manoj Bajpayee Endorsed brand- Pan Vilas
Pan Vilas Premium Elaichi launched a television commercial in 2019 starring Manoj Bajpayee, Elli Avram, and Jameel Khan. Manoj Bajpayee was presented as a Nawab in the commercial with an extremely elite style. The ad’s slogan is ‘Shauk Badi Cheez Hai,’ and Manoj Bajpayee plays the part of Nawab quite convincingly. The advertisement brags about the quality of the product and how it is important to have a passion for quality with a unique style.
Manoj Bajpayee Pan Vilas Advertisement
Housing.Com
Manoj Bajpayee Endorsed brand- Housing.com
‘Yahaan Search Khatam Karo’, a new TV and digital advertising campaign starring Bollywood stars Manoj Bajpayee and Rajkummar Rao, has been released by online property platform Housing.com. The ad showed Manoj Bajpayee and Rajkumar Rao as home-owners and home-buyers respectively.
The advertisement is directed at adults who wish to buy or sell real estate. The marketing film is designed to position the brand as a one-stop-shop for all housing needs, including purchasing, selling, leasing, and shifting in, as well as other real estate-related services.
Manoj Bajpayee Housing.com Advertisement
Rupeek
Fintech platform Rupeek recently launched a TV commercial claiming to offer the best and easiest gold loans for its customers. The advertisement featured Manoj Bajpayee and Priyamani as adults in this day and age trying to get a gold loan and the struggles they have to face doing that. The actors did a great job of showcasing the problems and how Rupeek can help by providing gold loans easily with minimal documentation and the lowest interest rate of 0.69% per month.
Manoj Bajpayee Rupeek advertisement
myBillbook
Manoj Bajpayee endorsed brand – myBillBook
Bengaluru-based firm, FloBiz hired Manoj Bajpayee as its brand ambassador to promote its flagship product myBillbook – GST accounting and billing software. The company released an advertisement with Manoj Bajpayee as a sarcastic businessman and showcasing the daily problems business people face especially during invoicing receivables collection, and inventory management.
The ‘Business Ko Le Seriously’ campaign emphasizes how digital solutions may boost a local firm’s growth and progress. The campaign, which was created by Tilt Brand Solutions, will run across many media channels, including the Internet, Television, Billboards, social media, sites, and smartphone apps.
Mahindra Krish-e
Mahindra hired Manoj Bajpayee as the ambassador for the new service, Krish-e. Krish-e, Mahindra’s new business segment that delivers technology-driven services, debuted in 2020. Farmers may use the Mahindra Group’s Krish-e app to get scientifically proven, customized crop advice. This farm software makes use of both electronics and farming knowledge.
Every farm receives a scientific and individualized crop calendar from these agricultural consultancy services. Farmers from all around India may take benefit from the agricultural counselling service, which is provided free of charge. Advisory services are now offered for Sugarcane, Wheat, Potato, Maize, Chili, and Paddy crops in a number of states. English, Hindi, Marathi, Telugu, Kannada, Tamil, Gujarati, and Punjabi are among the eight local languages supported by the app and advisory services.
Conclusion
Many companies are cooperating with Manoj Bajpayee, a great and well-known Bollywood actor, to sell their services to customers. Because of Manoj’s big following, it’s a tremendous business arrangement for the corporations. Businesses see the potential and ease with which they may reach a big number of people through the celebrity’s influence, and they pay for it. Fans are enthralled by what their favourite celebrity is doing and endorsing, which is advantageous for businesses since they can reach a big audience while the celebrity will make money by advertising items and services to their followers and other consumers.
FAQs
How much does Manoj Bajpayee charge for a movie?
Manoj Bajpayee’s per movie fee is 5 to 6 Crore INR.
What is Manoj Bajpayee’s age?
Manoj Bajpayee is 52 years. He was born on 23 April 1969.
What is Manoj Bajpayee’s first Bollywood movie?
With a one-minute appearance in Drohkaal, Manoj Bajpayee made his feature film debut (1994).
What are the brands endorsed by Manoj Bajpayee?
Some of the top brands endorsed by Manoj Bajpayee are:
Kiara Advani is one of the top actresses in both south as well as Bollywood Industry. Rising to recognition with M.S. Dhoni and becoming well-known with Kabir Singh, Kiara Advani has been in several advertisements and continues to receive sponsorships as her fame and fan following grow. She again caught people’s attention with her extraordinary performance in Shershaah and with this many big brands roped her as brand ambassador. Let’s take a look at brands Kiara’s endorsing.
Myntra is one of India’s largest fashion and lifestyle shopping sites, offering a wide range of products from well-known brands. In August 2020, Myntra named Kiara as their brand ambassador to expand their young client base.
Senco Gold and Diamond
Senco is a large gold and diamond jewellery store in India, with stores in over 100 locations. Kiara Advani was named Senco’s brand ambassador in October 2020. “Jewellery has a specific position in every girl’s life, so picking the proper piece is crucial.” “I am ecstatic to be connected with a business-like gold and Diamonds, which has earned the trust of its customers over the years and is known for its exquisite and unique jewellery fashioned by its legendary karigars”. Kiara said when the firm appointed her as an ambassador.
Priyagold
In November 2020, the company named her as a brand ambassador. Tea-time treats are sold by Priyagold, India’s most popular biscuit brand. For the brand’s acceleration, the brand sought to take advantage of the actress’s widespread appeal and statewide reach. As a result, she will be a key component in engaging with the millions of consumers who follow her.
Colgate
Colgate is a multinational company based in the United States. It sells oral hygiene items such as toothpaste, toothbrushes, and mouthwash. In December 2020, the firm named Kiara Advani as their brand spokesperson for the ‘Visible white campaign’. With this partnership, the brand hopes to expand the product’s reach by advertising Colgate Visible White not only in major cities but also in rural areas, using a 360-degree strategy to connect with the target population and respond to their needs.
Ponds is a cosmetics and healthcare company based in the United States. Ponds is a company that sells talc, fairness cream, facewash, cold treatments, and body lotion, among other things. In 2018, Kiara was named the brand’s ambassador.
ITC Charmis
ITC Charmis named actress Kiara Advani as its brand ambassador and released a television commercial featuring her promoting their deep radiance beauty serum. “Skincare has always been very important to me,” Kiara Advani says of the new partnership with Charmis. I’m thrilled to be a member of the Charmis team, and I’m looking forward to introducing all of the company’s cutting-edge face care products. When I think of Charmis, I think of vibrancy and shine, and together, we’re working to deliver everyone attractive yet effective skincare.”
Giordano Handbags
Kiara Advani has been appointed as a brand ambassador for Giordano Handbags in India by Brandzstorm India Marketing. The stunning fashion diva will be the brand’s face in print, outdoor, internet, and in-store advertising campaigns. She is immensely known among the youth for her exquisite fashion sense and style quotient, in addition to being a multidimensional Bollywood actress. She embodies Giordano’s vibrant and youthful energy and is an excellent choice to represent the brand in India.
Limca
Limca Endorsed Kiara Advani
Kiara Advani is the new face of Limca i.e Coca-Cola India’s sparkling beverage in the hazy lemon class. Kiara will further exemplify Limca’s connection with youthfulness and freshness as a relatively new face in Bollywood.” Limca is a beverage that is essentially ageless and recognized for freshness, and that’s me, zesty and fresh,” star Kiara Advani said of her partnership with Limca. I’m ecstatic to be the new face of Limca because we share similar core values and personalities!”
OneFitPlus
OnefitPlus roped Kiara Advani as its brand ambassador with Sidharth Malhotra soon after the success of Shershaah. “Kiara Advani is a young fitness icon who has carved a name for herself in Bollywood via talent, tenacity, dedication, and rigor,” the company stated.
What makes Kiara Advani brands a favourite for endorsements?
An Extraordinary Fashionista
When it comes to fashion and lifestyle, Kiara Advani never fails to impress us with her stylish sense of style and preferences. Kiara Advani is a fashion icon for the youth in every way—whether it’s choosing a sleek black dress for a date night or rocking the airport look—she goes all out with excellent fashion and dressing style, which entices brands to choose her as a brand ambassador.
Social- Media Presence
Her social media influence has grown since her debut. During the lockout, Kiara continued to promote products like Myntra and others on social media. The boss endorser continues to work with minimum production, statically positioned pictures, and a CTA.
Versatility in Film Choices
When it comes to film choices, Kiara has been a real sport. When it comes to the projects she chooses to work on, Kiara Advani is one of those actors who enjoys variety and uniqueness. She has explored and excelled in a variety of roles since her debut in Fugly, including M.S. Dhoni: The Untold Story, Kabir Singh, Shershaah. She is bold and effortlessly aces her roles. Her attitude and work ethic make her stand out, and it’s one of the reasons why brands want to partner with her.
Combination of Bold and Beautiful
Kiara Advani is at the top of the list when it comes to being daring while maintaining impeccable taste. She carries herself magnificently in her boldest and most beautiful outfits—we’ve previously seen Kiara Advani collaborate with Dabboo Ratnani on a project where she went all out with her stunning daring motions. It’s the way she carries herself so casually and sportily in any outfit she chooses. This makes her even more appealing to her followers and brands, who want to work with her on new projects and initiatives.
Conclusion
When it comes to endorsements, brands look for someone who is both confident and effortless, and Kiara Advani embodies all of these qualities admirably. It’s not about how you appear or what position or hierarchy you’re in, but how you carry yourself, and Kiara Advani has exemplified this with her work-oriented and clever approach to things, and it’s all of these attributes that make her stand out and attract brands to promote her.
FAQs
Who is Kiara Advani?
Kiara Advani is an Indian actress who mainly works in Indian Cinemas. Her debut movie is Fugly, and she also worked in famous movies like Shershaah, Kabir Singh, Bharath Ane Nenu, Guilty, etc.
How much is Kiara Advani’s net worth?
Kiara Advani’s total net worth is approx $3 Million (23 Crore INR).
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Don’t you think life would have been easier if you had a personal line of credit at your disposal? Who doesn’t want a hassle-free credit, where there are no formalities and paperwork? And the icing on the cake would be the money getting topped up in your account as you keep paying back the borrowed amount.
You are wrong if you think this isn’t possible. MoneyTap, a Bangalore-based startup has made this dream a reality. The company claims to be India’s first app-based personal line of credit for consumers. MoneyTap is India’s first company that provides lifetime credit of up to Rs. 5 lakh instantly to its customers.
Started by three serial entrepreneurs, Bala Parthasarathy, Kunal Verma, and Anuj Kacker, MoneyTap was incorporated in October 2015. It offers instant personal loans of up to Rs 5 Lakhs, with the entire KYC process happening through its mobile app. It is headquartered in Bangalore, India.
The startup aims to deliver quick and flexible personal loans to individuals in partnership with banks – smoothly and efficiently.
The MoneyTap app is a trustworthy and reliable one with many USPs. The app offers instant online loans through a 100% paperless process and doesn’t require a bank visit. Moreover, one has to pay interest only on the amount borrowed. A loan taken through their app is collateral-free and has flexible loan tenures of 2-36 months. MoneyTap is India’s first company that provides lifetime credit of up to Rs.5 lakh instantly to its customers.
Getting loans from MoneyTap is super easy. Eligible candidates need to download the app and fill the KYC. After completion of the KYC formalities, the loan is approved and the customer is given a MoneyTap credit card that’s loaded with the sanctioned amount. This can be used as a credit card or for withdrawing from the MoneyTap account. Once the repayments are done and there isn’t further need for an account, one can easily close the account through their website or the app.
To be Eligible for MoneyTap Loans, one needs to be between 23-55 years of age and should have a regular source of income. A person having as low as a minimum in-hand salary of Rs 15,000 per month can apply for loans on the platform.
A Complete Guide on How to get Instant Loan from MoneyTap
MoneyTap – Industry Details
With the significant increase in internet users, almost every solution is now available online. Like all other services, financial services have also become accessible through apps and online services. Many Fintech companies are cropping up in the Indian market.
India is amongst the fastest-growing Fintech markets in the world. Of the 2,100+ FinTechs existing in India today, over 67% have been set up in the last 5 years. The Indian Fintech market is currently valued at $31 Bn and is expected to grow to $84 Bn by 2025, at a CAGR of 22%.
The Fintech transaction value size is set to grow from US$ 66 Bn in 2019 to US$ 138 Bn in 2023, at a CAGR of 20%.
The Indian government is also launching initiatives to develop Visakhapatnam (Vizag) as the ‘fintech valley’.
MoneyTap CEO, BalaParthasarathy is the co-founder of multiple startups in Silicon Valley, including Snapfish (sold to Hewlett Packard). He has contributed immensely to the growth of Snapfish by gathering 100M users and $300M in revenue. Bala also volunteered for UIDAI under Mr Nandan Nilekani in 2007. He started AngelPrime, an angel investment firm in 2011 (now Prime Venture Partners). While working with AngelPrime he helped shape companies like ZipDial (sold to Twitter), EZETap, Happay, etc.
KunalVarma is a serial entrepreneur, who founded Whimsia Custom Works, a company for customized merchandise, and Aspirare, which designs learning programs and assessment solutions for job seekers and college graduates. Kunal along with Anuj Kacker also co-founded Tapstart, a job discovery platform.
Anuj Kacker is the COO of MoneyTap. Anuj has experience in diverse fields courtesy of working with established brands such as Airtel, Reliance, and JWT. He co-founded Tapstart which grew to 300K users and turned profitable within two years. Anuj exited Tapstart in 2015 to join MoneyTap.
With a small office in Mumbai and the headquarters in Bengaluru, the MoneyTap workforce is comprised of 30 people, as per 2019 data.
MoneyTap – The Idea And Launch
MoneyTap Founder
MoneyTap was founded keeping in mind the needs of the middle class. The salaried class is often constrained by monetary issues when it comes to satisfying needs. These needs can be anything like medical needs, school fees, or house rent.
The trio observed that just a minimal amount of credit could help the middle class take care of these needs easily. But extensive paperwork and formalities make people apprehensive about taking loans unless it’s a huge amount. Moreover, credit cards and personal loans are not very popular in India.
Besides, the middle class also finds it humiliating to borrow money from family and friends. MoneyTap was the solution to this conflation of issues.
The name MoneyTap was chosen because the app allows users to get money simply at the tap of the finger.
MoneyTap – How it Works?
The MoneyTap app, launched in partnership with the RBL Bank and several NBFCs, issues collateral-free credit up to a limit of Rs 5 Lakhs. The founders added that consumers can borrow anywhere between Rs 3,000 and Rs 5 Lakhs from the app and choose from among several repayment options with regards to time ranging from 2 to 36 months. MoneyTap and RBL also launched the RBL MoneyTap credit card. The card can be used like any other credit card for making online and offline payments. Users can also transfer money from the MoneyTap app to their bank accounts directly.
MoneyTap offers loans at an interest rate as low as 1.08% per month, and 13% to 18% per annum.
Consumers have to pay a one-time setup fee of Rs 499 along with taxes which is payable to the banking partner directly for blocking the credit limit.
We are trying to get the middle-income group to use our application. For us, the sweet spot is someone who earns in the salary bracket of Rs 40,000 – 50,000 monthly. However, we also don’t mind it being lower.
The founders also add that the money gets replenished as soon the customers start paying their EMIs. For example, an amount of Rs 30,000 borrowed (out of the credit limit of Rs 5 Lakh) will get replenished as the person pays their instalments over time, thus becoming available for borrowing in the future. Further, the onboarding of customers happens through a chatbot interface wherein the system instantly connects to the banking system and the credit bureau to find out the credit history of the customer. The money then gets approved accordingly.
MoneyTap adheres to strong business fundamentals since money lending requires attention to detail. The way it makes money is through a revenue share with banking partners. Every time a customer gets approved for access to a credit line for a lifetime, a small fee of Rs 500 is charged. Once the customer spends some money for one year, the money is recovered. Also, the usual interest paid by the customer along with the processing fees that are charged every time a person borrows also increases profitability.
MoneyTap is designed to be a product company running on the backbone of data science, technology, and product thinking. It is also focused on low-cost, tech-friendly solutions to pave the way towards increased revenue.
MoneyTap – Customer Acquisition
MoneyTap was successful in building a large customer base within a short period. Within eight months of its inception, the company acquired 300,000 registered users from 14 cities in India.
MoneyTap acquires some of its customers organically. The company also markets its products through Google, social media, and content marketing.
According to Bala, there are a billion consumers in the country, and MoneyTap serves only 1% of them. He considers that even doubling this figure to 2% is a huge win.
MoneyTap – Funding and Investors
Date
Stage
Amount
Investor
Jun 14, 2017
Series A
$12.3 million
Sequoia India, New Enterprise Associates, Prime Venture partners
Jan 28, 2020
Series B
$70 million
Sequoia Capital India, RTP Global, Prime Venture Partners, Aquiline Technology Growth & MegaDelta Capital
MoneyTap has raised $82.3 million in 2 rounds of funding to date. In the latest round, MoneyTap raised funding worth $70 Million (500 Crore) in January 2020. Here are the funding and investor details of MoneyTap.
The funding, as stated by Bala, has strengthened the leadership position of the consumer lending firm by improving credit accessibility for other customer segments.
The most challenging thing in the consumer lending business is acquiring capital at low costs.
Some of the major challenges faced by MoneyTap are:
Identifying trustworthy borrowers to whom credit can be disbursed without the fear of default.
Maintaining strong relations with banks and NBFCs.
MoneyTap – Competitors
Finomena is MoneyTap’s #1 competitor. Finomena was founded in 2015 in New Delhi. Like MoneyTap, Finomena also operates in the consumer finance space.
Other major rivals of MoneyTap are, PaySense and ZestMoney. Both of these companies, founded in 2015, function in the same segment. While PaySense is located in Mumbai, ZestMoney is located in Bangalore.
Besides, CreditVidya and Delhi-based Revfinalso competes with MoneyTap.
MoneyTap – Achievements
MoneyTap has more than 5 Million downloads. However, this number isn’t indicative of customers who hold a credit line, since the rejection rate from the pool of applicants can be as high as 60-70 per cent. This high rejection rate is due to the rigorous checks done by the app’s algorithms.
Almost 90 per cent of MoneyTap’s customers who have been issued credit lines are active and have drawn credit multiple times through the app. The average lending size of the company is Rs 30,000–35,000 and the average age of the customer is 28–30 years.
MoneyTap is currently operational in 60 Indian cities, with the majority of its users coming from the top metros like Delhi-NCR, Bengaluru, Mumbai, and Chennai. The company is planning to expand its footprints to 200 cities soon. MoneyTap also claims to have its non-performing assets well within the one per cent mark.
MoneyTap was awarded the ‘Best Innovative Lending Product/Service’ in the Payment & Fintech category at the 8th India Digital Awards. The award show was organized by the Internet and Mobile Association of India (IAMAI). MoneyTap was also awarded the leading FinTech Company in the lending categoryat PICUP Fintech 2017.
MoneyTap – Acquisitions And Mergers
MoneyTap is not actively looking for acquisitions. Bala tells that MoneyTap might acquire companies sharing similar values.
MoneyTap – Partners
MoneyTap launched its product with RBL Bank, its first banking partner. With the help of RBL’s Technology, MoneyTap was able to serve customers with quick decisions and quick access to the money round the clock. Moreover, RBL Bank also provides a MoneyTap-RBL Credit Card with the credit line.
In 2017, MoneyTap announced a partnership with Aditya Birla Finance Limited (ABFL). MoneyTap also has several other banks and NBFCs as partners.
In December 2020, MoneyTap announced its partnership with Pawtect with a view to offering Pet Insurance Policies to their employees.
MoneyTap – Future Plans
MoneyTap’s plans include:
It is looking to expand to more Tier II and III cities in India, and to global markets with South East Asia and the Middle East.
The company currently claims to have a loan book of 1000 crores and aims to make it 5000 crores by 2021.
The company currently targets customers in the age group 29-31, with average incomes of INR 30,000-INR 40,000 per month, but is planning to reach out to groups having income as low as Rs 10000-15000 soon.
MoneyTap has also received an NBFC license in September 2019 and plans to launch its own NBFC company soon.
MoneyTap – FAQs
What is MoneyTap?
MoneyTap is a Fintech company that aims to deliver quick and flexible personal loans to individuals.
Who are the Founders of MoneyTap?
MoneyTap was founded by Bala Parthasarathy, Kunal Varma, and Anuj Kacker in 2015.
How much is MoneyTap Funding?
MoneyTap has raised $82.3 million in 2 rounds of funding. In the latest round, MoneyTap raised funding worth $70 Million (500 Crore) in January 2020.
Vibhavari Madki
