Tag: investments

Vijay Kedia: From Struggles To Stock Market Success; The Inspiring Journey of India’s Ace Investor

In the world of investing and financial gains, very few stories resonate with people as the story of Vijay Kedia. This self-made trader and investor has been declared a ‘market master’ by the Economic Times because his journey is a testament to showcase a person’s resilience and determination to win against the stock market.

Vijay Kedia is self-taught and learned everything through trial and error. As per him, “Jab khone ke liye kuch nahi hota to pane ke liye puri duniya hoti hai” (When there’s nothing to lose, the entire world is there to gain). His advice to new investors is to be self-aware and understand management. The market is a game driven by knowledge and passion, and he encourages young people to forge their own paths rather than relying on what others are doing and thinking.

According to his wisdom, the idea of overnight wealth is the root of failure in the stock market. He preaches patience and resilience and jokes that in trading only God and liars can buy low and sell high.

Vijay Kedia’s mantra for investments is well-situated, but simple and effective: ‘Invest like a bull, sit like a bear, and watch like an eagle.’ Interestingly, he is not only a good investor but also a mentor and leader. With his rags-to-riches story, Kedia is a beacon of inspiration for young investors and entrepreneurs, that no matter what determination and resilience can help anyone achieve financial success.

Vijay Kedia: Biography

Name	Vijay Kedia
Born	Calcutta
Nationality	Indian
Profession	Trader and Investor Founder and CEO of Kedia Securities Pvt. Ltd. Career guide
Education	Bachelor of Commerce, University of Calcutta Doctorate Degree for Excellence in Management at Confederation of International Accreditation Commission (CIAC)
Spouse	Manju Kedia
Children	Pratik Kedia (son) Ankit Kedia (son)
Parents	Father – Kishnlal Kedia Mother – Unknown
Net Worth	INR 1,971.5 Cr (approx) (as of December 2024

Vijay Kedia: Rags to Riches Story
Vijay Kedia: A Rough Start
Vijay Kedia: Home & Family
Vijay Kedia: Career
Vijay Kedia: Investment Strategy
Vijay Kedia: Achievements and Recognition
Vijay Kedia: Lesser Known Facts
Vijay Kedia: Famous Quotes!

Vijay Kedia: Rags to Riches Story

Vijay Kedia hails from a Marwari family in Kolkata, where he began trading with his grandfather at the age of 14. Tragedy struck in the year 1978 when Vijay’s father passed away when he was still in Class 10. He barely managed to complete his Bachelor’s in Commerce from Calcutta University. From 19 years old he started a stock brokerage business to help support his family. Even though he faced multiple setbacks, Kedia got married and started his own family.

Vijay Kedia: A Rough Start

Financial problems have plagued Kedia from his early days, up to the point where he did not even have enough money to buy milk for his young child. His wife somehow arranged the milk and he even had to sell his mother’s gold ornaments to make ends meet. He suffered multiple losses in the stock market. It even reached a point where he had to live with 6 people in a single room. But he never gave up.

Vijay Kedia: Home & Family

Sadly, he lost his father, Kishanlal Kedia who left for the great beyond when he was in Class 10. He started his stock market work at the age of 19. Still, his family managed to marry him off to Manju Kedia and he has two sons, Pratik and Ankit. As soon as he gets free time, Vijay loves to travel to exotic locations and he is a fitness aficionado. He regularly works out and does yoga and uploads these online to post to his fans.

Vijay Kedia: Career

It was at the mere age of 14 years when interest in the stock market developed within due to his grandfather, and he started trading officially at the age of 19 years. Finally, he left his hometown, Kolkata, after some time and shifted to Mumbai in 1990 to actively participate in the stock market. He initiated his own stock brokerage business to help sustain his family.

He was staying in a room with six other people after he started his business. At the time, he didn’t even make enough to buy milk for his son. 1992 had been very lucky for Kedia. That year the stock market saw a bullish jump and he purchased Punjab tractors’ stock for INR 35 per share. He went on to sell the shares at a 500% premium and used the money to buy ACC shares. The share prices increased by 1000% and he made a sizable profit.

After earning a huge profit, he bought a home in Mumbai and took his family over. But the stock market saw a slump and he lost everything in 2001. Once again the market saw a bullish jump in 2002-2003, and Vijay Kedia went on to consolidate his earnings and assets. In 2004-2005 he invested in three companies – Atul Auto, Cera Sanitaryware, and Aegis Logistics. The stock rates for all three companies increased by 100 times in the following 10-12 years.

In 2012, Kedia anticipated the structural bull run and went on to set up Kedia Securities.

Vijay Kedia: Investment Strategy

Vijay Kedia strictly follows the SMILE principle (Small in Size, Medium in experience, Large in aspiration, and Extra-large in market potential) when he invests. According to Kedia, “One should scout for companies which have good management… Find a very good management, a very honest management, and see the product in which the management is going to grow, going to outperform its peers and the economy… invest in those companies for the next 10–15 years, and you cannot go wrong.”

He advises new investors to bet big and ride through the difficult time. But he also comments that luck plays a major role in stock market investing along with courage, knowledge, and patience. Currently, Kedia holds stocks in over 15 stocks that is worth over INR 1,971.5 crore.

Company	Mar 2024	Jun 2024	Sep 2024	Value Cr.
Atul Auto Ltd.	20.91	20.91	20.91	318.10
Elecon Engineering Company Ltd.	1.34	1.34	1.29	162.68
Innovators Facade Systems Ltd.	10.66	10.66	10.66	38.00
Mahindra Holidays & Resorts India Ltd.	1.00	1.00	1.00	71.10
Neuland Laboratories Ltd.	1.09	1.09	1.01	193.76
Ramco Systems Ltd.	–	–	–	0.00
Repro India Ltd.	6.34	6.34	6.34	47.29
Siyaram Silk Mills Ltd.	1.00	1.00	1.00	31.12
Sudarshan Chemical Industries Ltd.	1.44	1.44	1.44	96.35
Talbros Automotive Components Ltd.	1.01	–	–	0.00
Tejas Networks Ltd.	1.87	1.87	1.87	409.47
Vaibhav Global Ltd.	2.01	2.02	2.02	92.07
Affordable Robotic & Automation Ltd.	9.93	–	9.93	71.63
Patel Engineering Ltd.	1.55	1.42	–	0.00
Precision Camshafts Ltd.	1.16	1.16	2.10	59.47
Om Infra Ltd.	2.49	2.49	2.49	31.62
Global Vectra Helicorp Ltd.	2.92	4.86	4.86	15.33
Reliance Infrastructure Ltd.	1.01	–	–	0.00
TAC Infosec Ltd.	–	–	10.95	85.20

Vijay Kedia: Achievements and Recognition

Some of the best achievements and recognitions of Vijay Kedia are:

Year	Award Name
2016	Doctorate for excellence in management
2020	Sarvottam Samman Award
2021	Shri Babasaheb Ambedkar Award
2022	Shri Abdul Kalam Award
2023	Navbharattime NB NEWS award for “Ace Investor”

Vijay Kedia: Lesser Known Facts

Vijay Kedia was a person who had a fascination with the stock market even when he was 14 years old. He started investing in the stock market at 19 years old.
Vijay Kedia lost his father in 1978 when he was merely in Class 10. His failure in the exam then resulted due to his grief over losing his father.
At one time he did not have enough money to buy milk for his son and had to share one room with 6 people.
As per Kedia, 1992 was a very good year for him. The stock market saw a bullish phase and he invested in Punjab tractors’ stock for only INR 35 per share. He sold these shares for a 500% premium and bought shares of ACC, and the rest is history.
Kedia was ranked as the 13th most Successful Indian Investor by the Business World in 2016.
Kedia is a fitness enthusiast and does yoga to keep himself fit. He shares his yoga sessions on social media.
Vijay has been a keynote speaker for multiple business schools such as IIMs (Ahmedabad, Amritsar, Bangalore), MDI Murshidabad, and London Business School.
He also works as a career guide and is a motivational speaker at TEDx.

Vijay Kedia: Famous Quotes!

“Jab khone ke liye kuch nahi hota to pane ke liye puri duniya hoti hai” – Vijay Kedia

“Always find out the failure story rather than focusing on the success one. Mistakes teach you well.” – Vijay Kedia.

“Invest like a bull, sit like a bear, and watch like an eagle,” – Vijay Kedia

“One should scout for companies which have good management… Find a very good management, a very honest management, and see the product in which the management is going to grow, going to outperform its peers and the economy… invest in those companies for the next 10-15 years, and you cannot go wrong.” – Vijay Kedia.

FAQ

What is the business of Vijay Kedia?

Vijay Kedia is a stock market investor and owner of Kedia Securities.

What is the net worth of Kedia?

Vijay Kedia publicly holds 15 stocks with a net worth of over INR 1,971.5 crore (approx).

What is the qualification of Vijay Kedia?

Vijay Kedia holds a bachelor’s degree in commerce from Calcutta University.

What is the smile principle of investing?

The SMILE principle of investing, coined by Vijay Kedia, stands for:

Small in size
Medium in experience
In large demand
Leader in their field
Excellence in execution

December 6, 2024

Acorns: Revolutionizing the Way People Invest and Save

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

Governments across the world are supporting the use of fintech for increasing financial inclusion and elevating efficiency via real-time payments and open applications programming interfaces and blockchains. Leveraging the fintech industry, the government can create a digital economy that further leads to market growth.

Acorns is the first company in the fintech industry to offer micro-investments and robo advice to the world. Read further to access detailed information about Acorns- from founders and startup story to the business model, investors, growth, and funding.

Acorns – Company Highlights

Company Name	Acorns
Headquarters	Irvine, California, United States
Primary Industry	Fintech
Founders	Jason Martell, Jeff Cruttenden, Walter Cruttenden, and Mark Dru
Founded In	2012
Revenue	$180.4M (2022)
Website	www.acorns.com

Acorns – About
Acorns – Industry
Acorns – Founders and Team
Acorns – Startup Story
Acorns – Mission and Vision
Acorns – Business Model
Acorns – Products and Services
Acorns – Challenges Faced
Acorns – Funding and Investors
Acorns – Mergers and Acquisitions
Acorns – Patents and Trademarks
Acorns – Partners
Acorns – Growth
Acorns – Competitors

Acorns – About

Founded in 2012, Acorns is a finance company that provides micro-investing services through its web and mobile applications. It basically allows its customers to round up purchases and invest the change automatically into a diversified portfolio. Moreover, the company also offers multiple solutions, including banking, personal investing, investing for kids, and investing for retirement.

The company is thriving under the leadership of Noah Kerner (CEO) and David Hijirida (President).

Acorns – Industry

Acorns is a fintech company that has revolutionized the concept of micro-investing worldwide. Fintech is the term used to refer to financial technology that enhances or automates financial services and processes.

Talking about the global fintech market, it has attained a value of over $194.1 billion in 2022 and is expected to reach more than $492.81 billion by 2028, with a CAGR of 16.8% during 2023-2028.

It is because of the increased penetration of the internet, use of smartphones, and adoption of cashless currency and the Covid-19 pandemic that accelerated the adoption of digital technology in the financial sector.

Visa, Mastercard, PayPal, Tencent, Stripe, and Ant Financial are a few leading companies in the fintech industry.

Acorns – Founders and Team

Acorns was founded by four seasonal entrepreneurs named Jason Martell, Jeff Cruttenden, Walter Cruttenden, and Mark Dru. The team was later on joined by Noah Kerner.

Jeffrey James Cruttenden

Jeff Cruttenden - Co-founder of Acorns — Jeff Cruttenden – Co-founder of Acorns

Jeffrey James Cruttenden is the founder of Acorns and graduated from Lewis & Clark College with a degree in Bachelor of Arts, in Mathematics. In addition to this, he is currently a Partner at Cruttenden Partners and Co-founder at Say.

Walter Cruttenden

Working as a Founder at Acorns, Walter Wemple Cruttenden III has held the role of CEO at Blast. Presently, he is also working as a President at Cruttenden Partners and Executive Director at Binary Research Institute.

Jason Martell

Jason Martell is an entrepreneur known for co-founding many companies. His expertise lies in the field of UX design, UI, mobile, creative, and interactive technologies. Jason Martell currently serves as a product designer for Meta. He also served as the co-founder of Blast and Acorns.

Mark Dru

Mark Dru is another name in the founder’s list of Acorns. Apart from Acorns, he is also the co-founder of Blast and has worked as Chief Revenue Officer at Triller in past. At Acorns, along with being a co-founder, he has served as a CFO for time period of 3 years (2012-2015).

Noah Kerner

Noah Kerner is another powerful name in the team of Acorns. He serves the Acorns as CEO and Chairman from 2014 to the present. Apart from this, he has also served as the co-founder and CEO of Noise. He is also present as a co-founder of SAY.

When it comes to the company size, presently, it employs around 500 employees.

Acorns – Startup Story

The main idea behind founding Acorns was to promote incremental and passive investing. In 2014, it launched an app for both Android and iOS devices, and portfolio options were designed in partnership with Harry Markowitz – a Nobel-winning advisor.

Moreover, the platform has expanded by including checking account services and retirement IRA products. In 2018, a behavioral economist- Shlomo Benartzi was appointed Chair of the Behavioral Economics Committee to work on the initiative of Money Lab conducting field experiments to know stats about consumer spending.

Acorns – Mission and Vision

The company’s main aim is to look after the financial best interests of the up-and-coming, beginning with the empowering, proud step of micro-investing. It is working on increasing the accessibility to several investment options that were previously available for purchase only with a large sum of money.

Acorns – Business Model

The micro-investing platform earns money through membership fees. It basically allows members to save small sums of money and invest them to further save for retirement. The company also offers banking services to members at lower fees.

The services are divided into three primary categories. The first category allows members to invest their spare change in ETFs (exchange-traded funds). The second category enables members to create and fund an IRA through the platform and the third category provides a debit card through companies like Visa Inc.

The subscription is offered by the company for $1, $3, and $5 per month for packages including different services.

Acorns – Products and Services

Acorns is known to offer four main products and these are – investment management, investment portfolios, stock trading and stock portfolios. In addition, it has three main services- Acorns Core, Acorns Spend, and Acorns Later.

Acorns – Challenges Faced

Acorns failed to maintain proper customer records and thus, was censured and fined by Financial Industry Regulatory Authority in 2017. Furthermore, in 2021, the company planned to go public after merging with Pinoeer Merger Corporation – a blank-check company.

However, this plan was canceled in 2022 due to market conditions. Moreover, no tax strategy and high fees on small balances are two major aspects where it falls short.

Acorns – Funding and Investors

Over 10 funding rounds, Acorns has been able to raise a total of $507 million. Furthermore, the company’s latest funding round – Series F Round was undertaken on March 9, 2022, in which it raised a total of $300 million.

It is backed by 39 world-class investors, advisors, and board members, including 2 Nobel Prize-winning economists. Some of its main investors are PayPal, BlackRock, Bain Capital Ventures, DST Global, NBCUniversal, Comcast Ventures, Greycroft, Capital Group, Headline, and TPG.

Date	Round	Number of Investors	Money Raised	Lead Investor
March 9, 2022	Series F	11	$300 million	TPG
August 19, 2019	Venture Round	6	–	–
January 28, 2019	Series E	10	$105 million	Comcast Ventures, NBCUniversal
January 12, 2018	Venture Round	1	–	The Rise Fund
July 20, 2017	Series D	7	$35 million	–
April 21, 2016	Series D	8	$35 million	PayPal Ventures
February 15, 2015	Series C	8	$23 million	Greycroft, Headline
March 12, 2014	Series B	3	$6.2 million	Jacobs Asset Management
October 1, 2013	Series A	1	$2.5 million	Steelpoint Capital Partners
June 1, 2012	Pre Seed Round	1	$300K	Cruttenden Partners

Acorns – Mergers and Acquisitions

Acorns have acquired 3 organizations and these are Vault, Harvest Platform, and Pillar.

Acquired Company Name	Date of Announcement	Price
Pillar	April 7, 2021	–
Harvest Platform	March 12, 2021	–
Vault	November 7, 2021	–

Acorns – Patents and Trademarks

As per IPqwery, the intellectual property of the company currently has 20 registered patents, primarily in the category of ‘Computing’ and ‘calculating’. Furthermore, it has 28 registered trademarks categorized into the ‘Scientific and electric apparatus and instruments’ class.

Acorns – Partners

Presently, Acorns have a total of 26 partners in its portfolio. Some of the reputed names from the portfolio are Airbnb, ABC, Trust & Will, ZipRecruiter, BlackRock, Clarity Money, NBKC, and PayPal.

Acorns – Growth

As per Fortune’s Impact 20 list 2020, its customer count increased to 8.2 million. Additionally, it has over 4.6 million paid subscribers. With the company’s annual revenue is to be estimated at $84 million per year ($165,100 per employee) in 2022, Acorn’s current valuation stands at $2 billion. Moreover, its employee count increased by 25% last year.

The company has over 24,000 monthly app downloads, with Acorns: Invest Spare Change, Acorns: Save & Invest, and Acorns Stickers as the most popular apps.

Acorns – Competitors

More and more companies are establishing businesses in the Fintech industry to provide high-quality financial services which increases competition to a great extent. Some main competitors of Acorns are:

Robinhood
Betterment
SoFi
Wealthfront
Chime
Vanguard
Stash

FAQs

Who owns Acorns?

Acorns is an American financial technology company founded by four entrepreneurs named Jason Martell, Jeff Cruttenden, Walter Cruttenden, and Mark Dru.

Are Acorns safe to invest in?

Yes, Acorns is a safe platform to invest in because it complies with all the federal law rules related to digital safeguarding and bank-level physical security.

What is the best investing app for beginners?

Some of the best investing apps for beginners are Robinhood, stockpile, Acorns, etc.

Is Acorns a cryptocurrency?

No, Acorns is not a cryptocurrency instead it is an American financial technology and financial services providing company.

March 18, 2023

Top 10 Unusual Alternatives of Investments to Try Once

Savings and investments are key to securing your future. While investing in stocks and NFTs (Non-fungible tokens) is the trend today, when putting money in any asset tangible or intangible you always look for safety, return on investment, and profit. Therefore, people invest in assets like gold, shares, and property.

With time and money, the way people invest and what is changing at a rapid speed. And the people who run the world are significantly known to invest and put their money in all sorts of weird, strange, crazy, unimaginable instruments.

Have you ever considered investing in something but don’t know where to start? Don’t worry, we have got you covered here with the list of some weird alternatives that people have explored and invested in. So let’s get started with the top 10 unusual investment ideas to try once.

Comic Books
Cannabis and Cannabis Stocks
Hobby Farmland (A Beekeeper)
Rare Books
Wines
Classic or Vintage Cars
Toys
Real Estate
Rare stamps
Rare coins

Comic Books

Amazing Fantasy No.15 – It is the world’s most expensive comic book sold at $3.6 million.

You could have been collecting comic books just as a hobby, reading them for fun, and adding them to your precious collection. That’s what comic books are for, right? But have you ever wondered what their worth might be? Believe it or not, comic books have a whole industry of their own that holds confidence and carries confidence.

Comic books have become collectibles. Research has shown that comic books and collectibles have both doubled in price. People have been investing in comic books that are popular and valuable and in comics that are from the Silver Age, the Bronze Age, and the Golden Age.

Some of the factors that are considered and matter when investing in comic books are whether they are vintage, popular, limited edition, their condition, and more. The main reason that the industry is seeing a lot of growth is that every book is different, unique, and scarce. Aside from that, the ROI (return on investments) in comics is obvious.

The Amazing Fantasy No. 15 the first comic featuring Captain America, Action Comics, and All-Star comics are some of the most expensive comic books sold in the world.

Cannabis and Cannabis Stocks

The first thing you should know about investing in cannabis stocks is that they are very risky. Initially, cannabis stocks were sold in the year 2021, and you are right to wonder what happened when the pandemic hit. Demand and supply fluctuation has affected the industry in the short and long term.

In addition to the pandemic, political dynamics are another factor that impacts the industry, as they influence the legalization of controlled substances and the laws enacted regarding them.

As a result, they play a major role in growth prospects. Despite the imbalance created in the market, some stocks have seized the opportunity for expansion and growth. In particular, companies that have experienced robust growth and profit are expected to do well in the future.

Hobby Farmland (A Beekeeper)

Google’s strangest investment to date. These investments appear to be an odd choice, as they nowhere fit with the brand personality or portfolio. The motive behind investing in the beekeeper by the chef at Google was to have bees nearby, to have fresh honey at hand.

And just in case you are wondering, the beekeeper takes care of four nests at the Google campus. This can be taken as an example of hobby farmland. Hobby farmland stands for a small-scale farm that is primarily done for pleasure rather than money. But it can surely be converted into an investment plan in the future.

This is just one example, but another reason for investing in a beekeeper would be to reap the rewards from the beekeepers maintaining and managing your bee hives to help generate the high-demand bee products that come from them. Not to mention all the delicious honey produced from it. One could also do it as a hobby to make some additional income or just help the bees.

Rare Books

Codex Leicester by Da Vinci – Currently owned by Bill Gates

If you are a bookworm who has a knack for smelling books, fantasize about being locked in a library. You might also collect the first editions of your favorite signed copies of novels.

Or any other significant or rare books from the world of literature. Investing in rare books might be for you. To be honest, investing in rare books isn’t that strange. Investing in this tangible asset will provide a high return on your investment.

Bill Gates owns the handwritten “Codex Leicester” by Da Vinci, which he purchased from Armand Hammer for $30.4 million. Da Vinci wrote about it in 1504-1508. Hammer bought it for 5.1 million. Also listed as one of the most expensive books in the world.

Certain aspects that make a book rare are the impact that it leaves on the world and that it continues to make. It depends on its popularity, completeness, and desirability to the public. Usually, the books that are first editions are the most sought-after because of their historical significance and the time when they first made an impact.

For example, the series of Harry Potter books written by J.K. Rowling in 1997 changed the perspective of the world. The very first edition of the philosopher’s stone is valued at $40,000 to $50,000 by collectors today written under her name as name Joanne Rowling.

Wines

‌‌Wine continues to symbolize luxury and has been reserved exclusively for the wealthy, and the demand 2for it always keeps growing in the market. Though wine investments are often made to diversify one’s portfolio to get money.

The marketplace for investing in wines is one of the oldest markets that keeps growing and provides compelling results to its investors over the long term. Wine is becoming a popular alternative if you are looking to invest.

People invest in wines because the value of the wine rarely depreciates and is hardly affected by other aspects such as inflation, fluctuations in the stock markets, and the pandemic. It is long-lasting and rare and there is always an increase in demand.

It follows a simple economy and involves low risk. People over time are looking to invest in wine funds, stocks, and companies, buying premium vines and vineyards as technology is enabling the market to be accessible to everyone.

According to Fortune, the fine wine market is expected to grow from $340.23 to $456.76 billion from 2021-2028. Investing in wines is also considered a smart idea as it offers decent potential results.

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Classic or Vintage Cars

An Example – Mercedes-Benz 300 SLR Rudolf Uhlenhaut coupe was auctioned at $143 Million

Sure, cars do take up space, maintenance, a lot of paperwork, and special knowledge to determine the cars’ histories and origins. Another world of investments is the niche of the world of cars.

The world’s most expensive car, the Mercedes-Benz 300 SLR Rudolf Uhlenhaut coupe, was sold for a whopping $143 million. This alone is enough to give you an impression of how huge the car market is.

Apart from investing and buying high-end vehicles, there is also the category of vintage cars or classic cars. The older the cars, the more value they gain over time. When the market took a hit due to the pandemic, it still increased.

You might have started your car collection as a hobby or just a craze. People investing in cars consider factors that affect their value including their condition, performance, rarity, brand, design, previous premiership history, and any other special features.

Toys

‌‌Making money from toys can be challenging until you use your logical thinking and understand what toys stand for. Toys mean different things to different people, and they evoke the feeling of nostalgia for everyone. Investing in toys can get you a viable return.

Among the factors one should consider before investing in toys are the manufacturer of the product, the availability of the product, and whether is it a limited production model. In the case of a limited-edition Marvel black panther toy, the fan base is just as significant as the emotional attachment.

The reputation of the company and its intellectual property rights. Last but not least, leaving the box unopened. Which is a very influential factor in driving the value of the toy or bringing it down.

In this case, the investors make the purchase to provide others with the unboxing experience since there is a great deal of hype surrounding the unboxing experience on YouTube. Investors take advantage of short-term sales as opposed to long-term holdings when the toys are popular, trending, and in high demand.

Real Estate

Long-term investing in real estate with the aim of generating profits. Investing in real estate is a reliable way of earning passive income with a steady monthly rental payment. Unlike when making other investments, you can pool cash from different sources when engaging in real estate, and it’s considered one of the safest investments a person can make.

In addition to the constant increase in demand for property, a simple renovation and change to the house will indirectly increase the value of a property. The other benefit of investing in real estate is paying fewer taxes to the government because the investors are considered developers that boost the economy.

It is similar to the stock market cycle in the world of real estate, where you can see substantial benefits as an investor. Real estate also comes with diversification that allows you to have something for everyone with different needs and different price points. Refinancing and liquidation are other plus poi overall you can easily increase your net worth when you invest in real estate.

Rare stamps

An Example of a Rare Stamp Investment

Rare stamps can get you a return of 45% annually. Investing in rare stamps is deemed good for the long term. Deciding to invest in rare stamps is not something that many people do but it is considered an alternative form of investment.

Their value is based on their rarity. Different dynamics affect and decide the value of the stamps. Which includes a stamp’s color soundness, centering, gum, perforation, and margin, and that the stamps are in good condition and prove to be worthy.

A pro tip if you are interested in investing in stamps is that you keep them away from sunlight, indoor lighting, dirt, pollution, and human contact. Which will prevent them from fading or bringing their value. Also, if you get the chance to invest in some rare 1800s stamps, you may be in luck.

Rare coins

An Example of a Rare Coin Investment Option

You should have a strategy in place and have good knowledge about the rare coins or collection of rare coins you are about to invest in. These rare coins are certified by either the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC).

The trading practices of rare coins are mostly done exclusively. Another factor apart from having good knowledge about the rare coins you invest in is time. The older the coin, the more valuable it is. Investing in rare coins is considered a stable investment as their value continues to constantly increase with time. Which makes it an excellent investment.

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Conclusion

Investments can be made in tangible as well as non-tangible assets. People these days are not into stereotyping stuff that one should invest in. Rather they are open to investing in things that are considered weird and strange given their nature.

But still, these things make good investments as they provide viable results and a decent profit. Some of these things already have an established market while some are just making their way and creating a marketplace of their own.

FAQs

What is the smartest thing to invest in?

Some of the smartest things to invest in are stocks, mutual funds, cryptocurrencies, real estate, etc.

What is the most stable thing to invest in?

Some of the most stable things to invest in are high-dividend stocks, real estate investment trusts, online savings accounts, credit card points, etc.

What is a lazy investment?

A lazy investment means an investment where the majority of the process is autopilot and the investor is free from its crucial steps while just enjoying its benefits.

What are the 3 safest investments?

The 3 safest investments are treasury investments, Certificates of Deposits, and mutual bonds.

January 29, 2023
Investment vs Trade: The Differences To Acknowledge For Better Profit

A financial market is looked upon by both investors as well as traders to gain an advantage by the means of sharing and buying financial assets with utmost security. The financial market broadly classifies the terms that stand for a marketplace where bonds, currencies, and equity are traded off. The financial market serves as a connecting link between investors and collectors by joining them with capital. The two different aspects of taking part in the financial market are Investors and traders. Investors look out for the opportunity to invest in an eligible place, whereas traders lookout to trade their part with increased value. The basic definition and other useful details about both parts are shared below.

Investment
Things to consider before investing
Points to remember for successful Investment
Trade
Things to consider before trading
Points to remember for having a successful trading
Investing vs Trading

Investing vs Trading: Investing is done for a longer duration with minimal risk to gain average profit. Whereas, Trading is done within a limited period involving higher risk and profit.

Investment

Investment is defined as putting money into financial schemes, shares, and properties to achieve higher profit. It can also be considered as purchasing an item with the thought of selling it in the future to gain an extra from its increased value. In other language investing means allocating money with the expectations of some benefits or returns in the future. The return can either be counted as a benefit or can turn into a loss. Investors generally expect more return from riskier investments. If a low risk or low investment is made, the return is also generally low i.e. Low investment gives low profit.

Things to consider before investing

Risk

Risk is an essential point to consider before investing. Every investment is prone to some level of risk. There can be a high chance of losing some of the whole investing amounts before its outcome.

Every person gives a different response to ‘risk’, and the best reaction is noted from previous similar experiences encountered. Most investors or consultants suggest that you should exit a financial investment when the investment value is scrapped to 80%.

Return

There are two types of returns on financial investments, Assured Returns and Variable Returns.

Assured and variable returns are now replaced by Least Volatile and Highly Volatile returns. The least volatile financial investment includes parts like debt instruments and small saving schemes. Whereas, Equity, Gold, and real estate are counted under Highly Volatile investments. The only ‘risk’ free return is a fixed deposit return. Investors should decide the percentage of exposure in the Least and Highly Volatile investment.

Taxation

Taxation is the most important point of financial investments. Taxation benefits can be reversed under specified conditions. The Short Term Capital Gains (STCG) for an investment period under three years are taxed at the individual slab rate, but the Long Term Capital Gains (LTCG) are taxed at 20% plus surcharge and cess with indexation.

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Income source

Income and source of income are also important in investment. Salary may be a more stable source of income than self-employed or businessmen persons. Families with more sources of income can be more secure compared to single-income source families. The double income family saves more and more saving means more investment.

Knowledge of finance

Investors should know financial aspects before starting with the basic process. As blind investment is suicidal. Hence, taking advice from knowledgeable persons and experienced people is the best way to start followed by a few searches on the web.

Points to remember for successful Investment

Make a financial plan

Before making any investments, one needs to be fully aware of the financial background and the expectations from it. There is no guarantee of getting benefits from each investment. Few investments can turn into tremendous victory whereas some can prevail as a failure. It’s very essential to make a financial plan before starting with investment planning.

Taking risks.

Besides all investments, there is some sort of risks. Risks like losing all or some amount of money can also occur and some similar situations can also prevail. However, the higher the risk, the higher returning benefits. Hence, it is essential to consider all risk factors before investing.

Avoid fraud investments

Some investments use high publicity news to give assurance of more profit. Before trusting such options, it is more recommended to get an additional inquiry done from related persons.

Always maintain an emergency fund

Always put some savings outside the investment to cover an emergency. Emergencies can be situations like loss of investing amount and its notable profit. At those moments, emergency funds can come in handy.

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Be up-to-date

Being up to date about financial assets plays an important role in investments. Keeping an eye on the current financial investment assets makes the investment better. As for those lagging in being up to date can cause them great misfortune of losing their investing amount due to inappropriate knowledge.

Trade

Trade involves the purchasing and selling of goods and services with compensation paid by a buyer to a seller. Trading refers to the exchange of securities through sale and purchase. On the other hand, we can say that trading is buying, selling, or exchanging assets. The financial market consists of the trading of securities such as shares, currencies, commodities, and derivatives. The trading market aims to make a profit by buying at a lower price and selling at a higher price within a short period. A trader can be anyone from an individual investor to a global institution. We can trade directly or with the help of a broker.

Things to consider before trading

Risk

Trading is riskier than investing. Market risk is the major risk of trading and is out of anyone’s control. Market risk is bound to rise or fall, but knowing the risks and making a market plan could save you from losing your money.

Profit

Trading is more profitable than investment. Trading provides one with the option of earning extra credits without any set limits. Indian stock market is one of the highest liquidity markets where people can make any amount of money. Profit depends on the purchase and sale of desired stock. We can say the profit depends upon the stock market value.

Points to remember for having a successful trading

Keep an eye on the market

Trading wholly depends on the basic propaganda of the market, i.e. demand and supply. Before trading, one must learn the basics of the stock market by keeping an eye on financial news, the price range of stocks, and taking up a course on the stock market are all excellent ways to become an efficient trader. Online stock trading simulators help to learn online trading efficiently and accurately.

Make a plan

To become successful in financial goals, it is better to make a strategic plan. Since the trading is riskier, advance decisions should be made on options like the last limit of investing, eligible loss amount, etc. The practice is the golden key to becoming a successful online trader.

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Trust

Trading is all about knowing the market and how the market is changing. As a trader, one needs to be fully confident in their strategies. Most of the profits can be earned through a personalized strategy applied at the perfect time instead of going ahead with the option of following others’ plans in trade.

Holding the stocks

One can buy stocks and hold them for better profit. The holding of socks may help them with more profit because of the long-term purchase of high-quality stock at a low price when their demands go up. However, it is always applicable to some amount of risk due to the involvement of uncertainty.

Investing vs Trading

Now the most important question is, which one is better? Investment or trading? It is very difficult to choose which one is better because investment and trading are two different aspects of finance. However, the guide shared above can help one determine a better option. If someone wants to take no risks or low risks and avoid volatility, investing is better for you. You will get an 8% to 10% return annually. Investment means short-term wins and can get fewer several losses. If someone is more of a risk-taker and would like the chance to earn money in a short time, trading is considered the best option for them. Trading can be a thrilling way to earn quick money and may also lead to big losses.

Conclusion

Investing stands for buying any stock or product to create wealth. Trading means purchasing and selling products to make profits. Both the methods give a similar output of generating profit. However, they both vary in their processes ad risk factors. Investing is typically for those looking out to create wealth within some interval of time and trading is generally for those looking out to generate profit in less amount of time.

FAQs

what is meant by financial investment?

Financial Investments stands for the fixed amount sided to gain some percentage from it at the speculated interval of time.

Which are online platforms available for investing?

Some of the online platforms for investing are eToroeToro, Fidelity Investments, E*Trade, etc.

May 10, 2022
Top 8 Practical Tips on Cryptocurrency Trading

Cryptocurrency has taken the world by storm in just a few years, there is hardly anyone who doesn’t know about it. It is always in the news and is creating a huge demand amongst people, especially the youngsters. People are taking an interest in them and are finding them, a good form of investment.

The new form of digital currency is making noise, as big companies are accepting them as the new form of payment. Plus those who have invested in them have received quite a good number of profit. The recent trend is not going to die any soon and that is why not only youngsters but also other people are taking an interest on investing on cryptocurrency.

Trading on cryptocurrency has increased, as it is available for 24 hours a day and seven days a week and is said to be one of the easiest way of making money from this market. In this article, we will talk about how to deal with crypto coins. If уоu аrе slowly heating uр fоr crypto-coins аnd wаnt tо bесоmе a successful professional trader, these tips are for you.

Start Modestly
Do Not Insist on Negotiating on Everything
Stay Sober
Significantly Diversify
Understand How Trading Work
Purpose of Trade
Set a Target
Market Cap Is the Key

Start Modestly

Yоu’vе heard thаt cryptocurrency prices аrе rising fast. Yоu’vе рrоbаblу аlѕо received thе news thаt thіѕ uрwаrd trend mау nоt lаѕt lоng. Sоmе pessimists, chiefly thе esteemed bankers аnd economists, оftеn gо оn tо nаmе thеm аѕ quick enrichment schemes wіth nо stable foundation.

Thіѕ news саn mаkе уоu invest іn a hurry аnd stop applying moderation. A small analysis оf thе market trends аnd currencies thаt аrе worth investing іn саn guarantee good returns. Whаtеvеr уоu dо, dо nоt invest аll уоur hard-earned money оn thоѕе assets. Take time, analuyse and then invest.

Do Not Insist on Negotiating on Everything

Thеrе аrе over 18000 cryptocurrencies in the world and amongst them there are many encrypted coins tо trade, but іt іѕ impossible tо deal wіth аll оf thеm. Distributing уоur portfolio tо a large number оf cryptos уоu саn manage effectively wіll minimize уоur profits. Juѕt selects a fеw оf thеm, rеаd mоrе аbоut thеm, аnd hоw tо gеt уоur trading signals.

Stay Sober

Cryptocurrency іѕ volatile. It іѕ bоth уоur curse аnd уоur blessing. Aѕ a marketer, уоu hаvе tо understand thаt wild price swings аrе inevitable. Uncertainty аbоut whеn tо mаkе a move mаkеѕ аn inefficient trader. Tаkе advantage оf detailed data аnd оthеr search methods tо mаkе ѕurе whеn tо negotiate.

Successful traders belong tо ѕеvеrаl online forums, whеrе discussions оn crypto-coins related tо trends аnd market signals аrе discussed. Of соurѕе, уоur knowledge mау bе sufficient, but уоu nееd tо rеlу оn оthеr traders tо gеt mоrе relevant data.

Significantly Diversify

Practically еvеrуоnе wіll tеll уоu tо expand уоur portfolio, but nо оnе wіll remind уоu tо deal wіth currencies wіth rеаl uѕеѕ. Thеrе аrе ѕоmе low-quality coins thаt уоu саn handle fast money, but thе bеѕt cryptos tо deal wіth аrе thоѕе thаt solve thе existing problems. Coins wіth uѕеѕ іn thе rеаl world tеnd tо bе lеѕѕ volatile.

Dо nоt diversify tоо ѕооn оr tоо lаtе and bеfоrе making a move tо buy аnу encryption asset, mаkе ѕurе уоu knоw thе market limit, price сhаngеѕ, аnd daily trading volumes. Maintaining a strong portfolio іѕ a wау tо benefit frоm thеѕе digital assets.

Understand How Trading Work

Many people tend to negotiate оn a stock exchange without any basic ideas оn hоw іt works. It’ѕ a dangerous move. Alwауѕ review thе ѕіtе уоu plan tо uѕе bеfоrе уоu sign uр, оr аt lеаѕt bеfоrе уоu start trading. If thеу рrоvіdе a fictional play account, tаkе thе opportunity tо learn hоw thе panel lооkѕ lіkе.

Purpose of Trade

Analyse and reaslise the purpose of your trading of cryptocurrency. Yes, it is a market that provides huge profits but it is also risky and uncertain. One can suffer losses in this uncertain market as well while trading with bitcoin like cryptos. The motive will help you accomplish the goal. If there is no motive then there will not be anything that can drive you to take the risk and accomplish your goal.

Set a Target

Probably the most important thing is to know your limit and set a target according to that. Even if you are getting profits through your trade, you need to set a limit, that you will not cross, too much of greed can result in loss, that you may not be able to overcome. Plus setting a target can help you in cutting your level of loss.

Market Cap Is the Key

New traders often believe that it is better to buy token at a lowest price and then they will sell them at a higher price. This is one of the main mistake that traders can do. One needs to be aware of market cap and must pay attention on them, instead of the price of crypto coins, if the market cap is higher it is better to invest on cryptos.

Conclusion

Cryptocurrency is undoubtedly, a popular trend right now. More and more people are indulging themselves into this. Trading and investment in cryptocurrency seems a good option to many peopel as they chances of getting good retiurns is quite higher in this. With cryptocurrency turning into the main character, it is just a matter of time that more people will turn to crypto for investment and trading.

FAQs

What is cryptocurrency?

Cryptocurrency is a digital currency that is decentralized in nature.

Is investing in cryptos safe?

Crypto is a highly volatile currency, so it is quite risky but it can be profitable as well

Which is the most popular cryptocurrency?

Bitcoin is the most popular Cryptocurrency in the world.

April 11, 2022
List of Startups Funded by Varun Dhawan

In recent years, more and more people are following the startup culture and indulging themselves in the startup ecosystem. People are following their dreams of starting their own companies and presenting their innovative ideas in front of the world.

In between all these, the most important thing is, getting funds for your business, because, without that, your business will not survive and your dreams will crash down. In fact, it is impossible to even think about going ahead without funds.

Fortunately, there are investors out there who willingly invest in startups that they find promising. In the list of these investors, celebrities also had added their names. A number of celebs take interest in startups and invest in them. Not only does it show, that they are supporting new entrepreneurs but also it becomes an advantage for the startup that they are associated with a popular celeb.

With India being one of the biggest startup hubs, Bollywood celebs are taking interest in the startup ecosystem. Bollywood actor, Varun Dhawan also has shown his interest in funding some startups. Varun Dhawan is surely one of the most popular Indian actors of the current generation. The 35-year-old has served us with some popular and fine hits in his 10 years of career. He debut with the film Student of The Year in 2012 and is currently one of India’s highest-paid actors.

Some of his films like ‘Badlapur’, ‘Sui Dhaga’, ‘Humpty Sharma Ki Dulhania’ and ‘ABCD 2’ have been described as clear hits at the Box office and also some of them are critically acclaimed films.

He has won Filmfare Awards, IIFA Awards and other recognizable Indian film awards for his performances. Apart from being a good actor, he is also a good dancer and has shown his tremendous dancing skills in dance movies like ‘ABCD 2’ and ‘Street Dancer 3D’. Varun Dhawan, as mentioned has invested in startups, in this article we will talk about those startups. So let’s get right into the business.

“Don’t do a startup unless you’re ideologically driven to make it succeed beyond the economic motivation.” -Balaji Srinivasan

Fast&Up
Curefoods

Fast&Up

Fast&Up Logo

Fast&Up is a plant-based active nutrition brand that provides all kinds of nutritional products to fulfil the needs of Indian athletes. Fast&Up is founded in the year 2015 by Vijayaraghavan Venugopal and Varun Khanna. The brand’s products mainly are all kinds of vitamin supplements and multivitamin drinks.

The startup has started attracting attention and has been able to reach out to 100 million people in just a month. The company has also won the ‘Best Health & Fitness Brand’ of 2019 by The Economic Times. The headquarters of the company is situated in Mumbai, India.

Fast&Up made quite a noise when Varun Dhawan funded an undisclosed amount to the company. It received the investment from the Bollywood actor after securing funds of INR 165 Crores from Morgan Stanley Private Equity Asia (MSPEA).

Apart from that Varun Dhawan has also been appointed as the Good Vibes Officer of the brand. The main aim of this investment is to make more Indian people aware of intelligent nutrition and get them to associate with it. He has also appeared in the commercials for Fast&Up.

Curefoods

Curefood is a cloud kitchen operating company, under which brands like EatFit, Frozen Bottle, CakeZone and Great Indian Khichdi operate. The main of the company is to provide foods that come under the regular normal diet of customers and cater for their nutrition needs.

Curefoods was founded in the year 2020 by Ankit Nagori and since then has been working on providing healthy and nutritional foods to its customers.

Recently, Varun Dhawan invested an undisclosed amount in the brand, right after the company secured $62 million of funding from companies like Iron Pillar, Accel Partners and entrepreneurs like Binny Bansal.

Apart from the investment of Varun Dhawan, he has also become the brand ambassador of EatFit, which is a food ordering platform under Curefoods. Varun Dhawan invested in the cloud kitchen operator right after the company came forward with its new direct-to-consumer food ordering platform EatFit. As per reports, Varun Dhawan will also appear in the marketing campaigns of Curefood.

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Conclusion

Varun Dhawan himself being a health-conscious person and a fitness freak doesn’t really surprise us that he is investing in these startups. With his popularity, it seems the startups will also experience growth in the future and their association will only bring positive responses from the public to them.

FAQs

What is the age of Varun Dhawan?

Varun Dhawan was born on 24 April 1987 and is 34 years old.

Who is the wife of Varun Dhawan?

Varun Dhawan married fashion designer Natasha Dalal on January 24 2021.

What are some of the investments of Varun Dhawan?

Varun Dhawan has invested in Fast&Up and CureFoods.

April 8, 2022
How AI Can Bring About Next-Level Enterprise Innovation?
This article is contributed by Mr. Anirudh Kala, Co-founder, Celebal Technologies.

When we talk about modern technology, one of the biggest inventions has to be Artificial Intelligence (AI). With its undeniable effect, AI is actually taking over the world. In an unbelievable way, it has become a part of our daily lives and is continuously on a mission to change our future. A decade ago, the Sci-fi movies that we used to watch are now unfolding in front of our eyes and are turning into a reality.

Just like the whole world, India is also experiencing the same reality, in fact, such as the impact that, the 2021 Deloitte State of AI report found that Indian enterprises intend to increase their investments in Artificial Intelligence, based on the returns they have seen on their existing AI investments. Any kind of business can benefit from using AI and innovation in their organization. Becoming data-driven will level the playing field for such enterprises, therefore, allowing everyone to leverage all their data to build better user experiences and increase business agility.
Artificial Intelligence is not just in the realm of buzzwords and hyped-up technologies anymore. It has gone from a good-to-have to a must-have part of every organization – big and small alike. The pandemic spurred on rapid digital transformations, leading every enterprise to establish a culture of continuous innovation to become more resilient. These digitalization journeys have led to a boost in AI adoption with many enterprises setting up data and analytics infrastructure as the foundation to build AI projects.

In this article, we will find out how Artificial Intelligence can bring enterprise innovation. Let’s take a look.

How AI Can Unlock Hidden Opportunities for Businesses?

Artificial Intelligence has a wide range of applications in the business world. From process automation, and tailored customer services to conversational analytics and predictive analytics, the use cases for AI touch upon all the departments of HR, Finance, Operations, Manufacturing, Marketing, and others. Organizations can use AI to grow their business, increase revenues and business agility, and enhance operational efficiency.
- In the financial sector, machine learning algorithms are being designed to improve fraud detection, supplement the risk assessment process, deliver tailored customer recommendations and services.
- Artificial Intelligence is also empowering the manufacturing sector with demand forecasting, inventory optimization, supply chain analytics, production planning, and many more diverse use cases.
- With the ability to continuously learn and adapt itself, AI technologies can also help businesses make better decisions that will help predict market changes and help your business be competitive and resilient.
- Personalized virtual assistants, recommendation engines, predictive analytics are also some of the ways enterprises are leveraging AI to craft lasting customer experiences and stem customer churn.
- Infusing AI will not only fuel a culture of innovation but also cause immense benefits of reduced expenses, automated processes, faster insights, and improved business continuity.
Need of AI-Powered Enterprise Chatbots and Cognitive AI

Artificial Intelligence is showing its mettle in every form, down below some reasons are stated regarding the need for AI-Powered chatbots and Cognitive AI.

AI-Powered Enterprise Chatbots

AI-Powered Chatbots and Conversational Voice Bots are essential tools for all brands that want to deliver hyper-personalized experiences, they provide exceptional customer services. Engineering these experiences using conversational AI can boost customer satisfaction, customer loyalty, and increase customer lifetime value.
AI-driven Chatbots bring flexibility and versatility to the conversation to understand and even learn from most client queries in multiple languages. AI-enabled Chatbots are important assets for organizations dealing with a massive number of daily customer support queries or having limited customer support staff. One can also leverage chatbots for improving employee collaboration within an enterprise, bringing together business processes and people on a single platform.

Accelerating Automation with Cognitive AI

Cognitive AI applications involve embedding AI into cognitive tasks that traditionally require huge amounts of manual effort like scanning invoices and documents, extracting information from an unstructured pool of data, or analysing thousands of images. Face detection, social media sentiment analysis, speech recognition and analytics, risk assessment, knowledge mining, fraud detection, vehicle damage detection are just some of the many ways that AI can assist in improving manual and routine tasks.

Adding intelligent automation into an enterprise has the benefit of not just replacing manual processes but will help add a dimension of process intelligence. This would involve aiding decision-making with insights into maximizing your process efficiency and predicting organizational changes that could affect your business.

Conclusion

Going into 2022, many organizations are going to increasingly move towards AI and integrate it with their business functions. Numbers of enterprises irrespective of their size and expertise will use the power of AI for cost-savings and productivity boosts of their organization. Low code platforms are also making it easier for enterprises to tap into the potential of AI. A proper AI implementation strategy is a must for anyone who wants to partner up with this technology. Partnering with the right technology and software solutions provider will ensure that you remain in the right direction to achieve excellence and a competitive edge.

FAQ

How AI will Affect Business?

AI will mainly save time, costs and will make all the tasks easier, which are quite hard in an enterprise.

Is AI the Future of Business?

Undoubtedly, AI will be the future, if it’s not already one. 86% of industries state that AI is becoming the ‘mainstream technology’.

What will AI do in the Future?

AI will create 58 million new artificial intelligence jobs by 2022.
January 24, 2022
Top Startups Funded By Trifecta Capital: A Rope To Reach Success

To build a startup, one needs more than talent, perseverance, and desire. On that list of necessities, funds take the number one spot. For any kind of startup, getting funds is definitely not a piece of cake.

Trifecta Capital with its existence makes acquiring funds a little bit easier for startups. The traditional way of getting a loan from a bank is not that easy, not every new company gets that help.

Thankfully, venture debt like thing exists in reality. Trifecta Capital here plays a significant role. It is one of the companies that put its trust in the startups that have the potential to reach the peak of success. At this age, having someone, who puts their trust in you, is something, that is truly rare. Trifecta Capital lends its hands to new businesses and takes a pledge to rise with them together.

We rise by lending a hand to others.

-Svetlana Fernandes

About Trifecta Capital

Trifecta Capital is the first company in India, that provides venture debt to startups. It first steps its foot in the business world in the year 2014, as a venture debt firm. It was founded by Nilesh Kothari and Rahul Khanna. The firm mostly focuses on, early growth stage companies and had invested almost ₹1800 Crores from 2015 to 2020.

At first, it launched with a ₹500 Crore fund. Trifecta with its ways gets to be a part of the growth of different companies. It has invested in over 70 companies and counting. Their aim is “Financial offering designed to help you at every step of your journey to success.”

Trifecta definitely has one of the strongest portfolios. It has funded some big names in the business and has been a part of their growth process. Some of those companies are: Lets look at Business Funded By Trifecta Capital

BigBasket
Infra.Market
PharmEasy
DailyHunt
ShareChat
Cars24
CarDekho
Ninjacart
Vedantu
BharatPe
FAQ

BigBasket

Bigbasket Logo

The largest online grocery store in India, Bigbasket delivers grocery and household items to the customers. Founded in 2011 by Hari Menon, Vipul Parekh, VS Ramesh, VS Sudhakar, and Abhinay Choudhari. BigBasket has taken an initiative to deliver fresh grocery items to the doorsteps of every household that demands them.

BigBasket secured a new deal with Trifecta in July 2019 and fixed a venture debt of ₹100 Crores. Before that, in 2017, Trifecta lend its hand to BigBasket by providing a fund of ₹45 Crore. This time, BigBasket stated that the ₹100 Crores fund will mostly use in supply chains and warehouses. The Covid-19 pandemic led to a sharp 84% rise in the number of its consumers. As per the Financial year 2021, this e-commerce revenue is INR 3818.2 Crores.

Infra.Market

InfraMarket Logo

The construction solution company uses technology to organize the construction industry and make the price of materials more transparent. It was founded in the year 2016 by Aaditya Sharda and Souvik Sengupta. It deals with the real estate and construction industry and is a platform that connects clients to those who provide materials at an affordable cost.

In the year 2020, Infra.Market raised ₹40 Crore as venture debt from Trifecta. It fund was reportedly used for geographical expansion. As per the year 2021, Infra.Market’s revenue is $700 million.

PharmEasy

PharmEasy Logo

Another online business, this time it deals with the purchase and delivery of medicine and other medical supplies. It is India’s finest pharmacy app. The best thing is, the customers receive the medicine within 48 hours of their order placement.

It came into existence in 2014 and is founded by Dharmil Sheth, Dhaval Shah, and Mikhil Innani. It connects the consumers with pharmacy stores that are situated nearby and helps in getting medical supplies in just a click.

Trifecta invested ₹15 Crore in PharmEasy in the December of 2017 as the venture debt. Later in 2018 E-pharmacy startup PharmEasy raised Rs 40 crore of debt from Trifecta. India’s top Pharmacy app decided to use the fund provided by Trifecta to develop their technology to establish more smooth performance. As per the financial year 2020, the revenue of PharmEasy is ₹637 Crore.

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Dailyhunt

Dailyhunt Logo

This mobile application software has taken it upon itself to provide news on all trending topics. Founded in the year 2007 by Umang Bedi, Umesh Kulkarni, and Virendra Gupta, it is serving Indian customers every day since then. It is based in Bangalore, India.

Trifecta has invested a confidential amount of money in Dailyhunt. As per the financial year of 2020, the revenue of Daily Hunt is ₹310 Crore

ShareChat

ShareChat Logo

It is a social media and social networking service (SNS) founded in the year 2015 by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan. The best part is, it is available in 15 regional languages of India. As its name suggests one can share content and it has the feature of the direct message as well.

In the year 2020, ShareChat secured a deal with Trifecta and got a venture debt of $8.86 million. The revenue of ShareChat is ₹38.12 Crore as per the financial year of 2020.

Cars24

Cars24 Logo

Cars24 is an online marketplace to buy and sell previously owned cars and bikes. It was founded by Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal, and Vikram Chopra in 2015. It is now quite easy to sell a car, which was quite a hassle before, thanks to Cars24. It is considered one of India’s fastest-growing marketplaces for selling used cars.

In 2017, the then two-year-old company was able to strike a deal with Trifecta. At that time, Trifecta invested a non-disclosed amount in the company. This time, Cars24 seal a deal of ₹100 Crore from the venture debt firm Trifecta in June 2021.

With the demand spurring for used cars in the country, Cars24 will use this fund to make its business more strong in the industry. In return, this will help it become a strong competitor for its rival businesses. The revenue of Cars24 is ₹1688 Crore.

CarDekho

CarDekho Logo

This is an online platform where one can sell and buy cars. It provides every bit of information about the automobile industry. It is based in Gurgaon, India, and was founded in the year 2007 by Amit Jain and Anurag Jian.

In the year 2018 CarDekho raises a fund of $3.6 million from Trifecta and in 2021 they again got venture debt of ₹100 Crore. As per the financial year 2020, the revenue of CarDekho is ₹240 Crore.

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Ninjacart

Ninjacart Logo

It is considered India’s largest platform of the fresh produce supply chain. It was founded by Ashutosh Vikram, Sharath Babu Loganathan, Thirukumaran Nagarajan, Vasu Devan in the year 2015. It helps in distributing fruits and vegetables directly from farmers to buyers.

In the year 2018, Ninjacart raised ₹7 Crore venture debt from Trifecta Capital, and again in 2019, it secured a deal venture debt of almost ₹20 Crore. As per the report, the funding is being used for the growth of infrastructure and the technology Ninjacart uses. The revenue of this company in the 2020 financial year is ₹469 Crore.

Vedantu

Vedantu Logo

Founded in the year 2011, Vedantu is an online tutoring platform for students. Here, one can find any subject tutor according to their choice and indulge with them in studies. The platform provides ‘LIVE’ one on one session between the teachers and the students. It is created by Vamsi Krishna, Pulkit Jain, Saurabh Saxena, and Anand Prakash.

The app is extremely popular among students as it provides online tutoring. With superior technology, they are trying to engage in building up the biggest learning platform for students. It focuses on providing quality education and good teachers to the users of the app.

The venture debt firm Trifecta invests ₹9.42 Crore in Vedantu in the year 2019. This made the online platform’s value $100 million. Vedantu caters to the needs of over 40,000 students from all over the country.

BharatPe

BharatPe Logo

Founded in the year 2018 by Ashneer Grover, Bhavik Koladiya, and Shashvat Nakrani, this financial service provider company mostly deal with payments via UPI. Based in New Delhi, India this company provides loans to its traders as well.

Trifecta funded ₹50 Crore to this Fintech company in 2021, the fund will be used for the growth of the lending business. The revenue as per the financial year of 2021 is ₹700 Crore.

Future Plans of Trifecta Capital

Trifecta is trying to help the startups that have high growth potential by providing them with funds and have a mission to make India one of the main hubs of Startups.

Conclusion

We live in a time where getting funds to begin with a startup is quite difficult. Trifecta started their journey to be the hope for those budding startups that showcase high growth and has a possibility of becoming a big brand in the near future. It is working and lending a helping hand to the dreamers to make their dream a reality, thus, their motive is to rise by lifting others.

Some of these companies are breaking the business world every day and proving their mettle by keeping the trust of Trifecta. Let’s learn about those companies a little bit.

FAQ

Where is Trifecta Capital Located?

Trifecta Capital is based and operates from Mumbai.

How much Trifecta Capital has invested?

Trifecta Capital has invested over ₹2200 Crore since 2015.

Who is the founder of Trifecta Capital?

Nilesh Kothari and Rahul Khanna are the founders of Trifecta Capital.

October 3, 2021
How To Sell Your Business? Steps To Follow For Selling Your Business- A Guide
Inaugurating a business by capitalizing a hefty amount in it, is a tantamount predicament task to auctioning it off to someone you either know or not. Selling a business is not an easy decision made by an entrepreneur, because that business conserved as revenue in his life.

On the other hand, retailing any ilk of businesses depends on the nature and size of the business, whether it is a small or large corporation. Moreover, people won’t acquire any business without seeing a benefit in it. Everything comes at a price.

For instance, in a small business, buyers won’t see many benefactors in it as it is small-scale production and won’t exist for long-term growth. Meanwhile, if you peddle a large business, the very first thing a buyer looks for is- Long-term revenue and growth. So, ascertain the value of your business with the help of nature & size.

You can’t give away your business to someone’s hands without analyzing what comes next, like quotes ‘Think before you Act’; Sketch your future plan with the money you’re gonna get from selling your business.

Here are the things an entrepreneur or a businessman should definitely know before selling the business.

Steps To Sell Your Business
Step 1. Self Evaluate
Step 2. Know your Value
Step 3. Know the Opportunity Cost
Step 4. Strategically Fix the Pricing
Step 5. Know your Buyers
Step 6. Target Multiple Buyers bidding
Step 7. Draft Agreement
Conclusion
FAQ

How to sell your business?

Steps To Sell Your Business

Things to know before selling your business

Selling off your business without any second thoughts will drive you to someplace either in a propitious or unpropitious future. Because you have done the diligence in growing your business which made your life better as well as contributed profuse services to people by gaining goodwill from it. But what if you have sold it to any wrong hands, this will bring a bad repute to you shortly.

So, Think twice before auctioning your business. If you are vacillating about selling your business, then don’t do it. Only if you are uncertain in monetary terms or challenging to manage your business, then you can look to market your business to someone who could do it efficaciously.

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Step 1. Self Evaluate

Self evaluate before selling your business

Self-evaluation is the first step that must be done when you think about selling your Business. What is the reason behind such a big step? There must be a clear-cut answer, which is acceptable by the buyers. Without a valid and clear reason, nobody is going to buy a business.

So before selling a business, you must have a well-structured strategy with the help of specialized personnel to avoid any mistakes you may make.

Why Self Evaluation?

Self Evaluation must give you the answer for the following:
- Why am I selling my business?
You must have a point-by-point reason for this big decision at the starting stage itself, which makes it easy for you to stick to a particular area without getting confused at the later stages while communicating with the buyer. This may create a bad impact on the business. The reason also influences the buyers and their decision on the price.
- Your decision for selling is solely based on profit value?
If you are in need of money and that is the reason behind the idea of selling, never make a hurry. That will only cause loss for your business sale. Just look for the perfect time and buyer with whom you feel comfortable selling your business.
- What is your future plan?
Are you selling the business completely or do you want to remain as a partner or investor in your business? Think and make a clear decision about your association with the business in the future. Buyers must also be given the perfect answer about your vision on this.
- Business is free of liabilities?
Business must be free of any liabilities, having which it will be a black mark, which will make an impact on the sales and price for sure. All existing liabilities, including personal, materialistic, money should be cleared even before making your decision to sell the business to the public.
- Are all the papers clear?
Make sure that you have clear, complete, and well-structured documentation about the business. All vital records, including financial, marketing, business, and professional, must be included here. These documents make an impact on the buyer, let it be professional and profit documents.

What’s your next act?

It is cited that preparation is the sole key to success, so start prepping in advance in case you don’t want to lose a great opportunity in the near future. Always, compute your next step, because that is gonna manifest your position in the future.

These questions may pop up in your mind while selling your business: ‘What am gonna do after the business is bought? Will it be good for me and profitable in the future? Get ready to answer all these questions before giving away your only source of revenue. Therefore, plan subsequently to your list and set an alternative solution like- finance in some property and get revenue from it or become a partner in a company.

Well, the ending is the new beginning, you have to make up your mind in selling your business after analyzing what’s your next step.

Step 2. Know your Value

Selling your business is the decision you took that may have a numerous reason behind. But before getting into the sales, after evaluating your business, you have to know your value and you have to be clear about what you are looking into. This includes the following criteria:
- It is best to evaluate your business first before going to a broker and discussing it because nobody knows your business as you do.
- Estimate your business, including the incomes, taxes, earnings, profits, etc.
- Know the market and market price.
Your assets and your earnings are more known to you. Try to get the best out of it when you decide to sell it.

Know your Stable status before Selling off

Check out whether you have sufficient money to pay off the expense or meet any other requirement for the future. Selling off your business may credit a large amount of money in your account, but will it be enough? Will it be adequate to survive till my last days? To sell your business in case you want to earn any profit out of it, start a new business or sell it if you are financially unstable to satisfy obligations.

Estimate the Value of your Business

Goodwill is the brand name, which you have earned in the locality of your business. Buyers will definitely pay a tremendous price when your business has a good reputation in the market and automatically accelerates demand. So, fix the purchase price according to the value of your business.

Step 3. Know the Opportunity Cost

Before selling your business, estimate the approx opportunity cost you will get in that. Generally, opportunity cost is the best alternative when a thing is foregone. You have to estimate the value you’re gonna get when you market off the business, ask yourself whether the opportunity cost of your business will be profitable or not? If not, what is the intention of selling it? And if yes, then how much are you gonna be helpful and what are you gonna do with it?

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Step 4. Strategically Fix the Pricing

You don’t know the other side excepted acquiring price of your business. If you fix a higher price than the expected one, then the buyer won’t be amenable to acquire the business. So, determine the expected price of your buyer, then bargain for the price you want to sell your business.

Step 5. Know your Buyers

Being a business person, you may already know the trend and the top people in the industry. Professional reasons may be there behind the acquisition of your business. Always try to get the best buyer who believes in investing the worth you put for your company.

Instead of offering negotiable amounts to the buyers, wait for the right one when you get an intuition that the person is perfect to run your business after you.

Step 6. Target Multiple Buyers bidding

Don’t propose for one particular buyer, target various buyers and see how many of them (potential buyers) are inclined to invest money in the range that you have set for your business. Besides, this will augment your company outlook in terms of profitability as well as increase demand for your business in the market.

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Step 7. Draft Agreement

Draft the final agreement properly

The business, which you have strengthened for years in good terms should be given to the right hands. If you have ceded your business in good hands, then the long-term growth of reputation is guaranteed for you in the near future.

Unlike, in case the business is rendered to wicked hands, then such a reputation which you have amassed for years before selling it would go trivial. So before trading your business, determine the potential of the buyers in sustaining the business credible.

While drafting a sale agreement, make sure the presence of a lawyer or someone who has pretty much knowledge about the agreement and drafting. Don’t miss out on anything because you could end up paying later. The agreement must be acceptable to both parties and any disputes must be settled before signing the agreement to avoid further confusion in the future. Some of the must-have agreements are:
- Asset listings
- Bill of Sale
- Security agreement
- Purchase agreement
The agreements must have the following details, which must be verified at the earliest.
- Buyer and Seller Details
- The detailed specification of the property
- Terms of Payment
- Terms and conditions
So are you ready to sell your business? Just take it as simple as it is. You know your business and its internal and external happenings. Make everything clear to the lawyer and the broker or any mediator if there is any. They will help you in drafting the perfect agreement.

Finding the potential buyer is the main aim and may take time. Be patient and wait for the one whom you think is eligible to take over your business. Time and price may not be in your hand. You will have to wait until you get satisfied.

If you find growth in your company after the decision of selling, let it be. Your profit will only increase with a company with great profit. More buyers will get attracted to your business and you will notice a hike in the estimated purchase value.

When a buyer gets interested in your business, they first send an IOI i.e. Indication of Interest. This is a document with their proposed terms and conditions and other details. This document is the primary thing based on which the owner decides whether to move forward with that particular buyer or not. After the IOI, the LOI or Letter of Intent is given to the buyer which includes the terms and data about the company, to give the buyer a complete picture of the business, which helps them to make a decision i.e. whether to move forward with the purchase of a business or not. The next document is the purchase agreement that contains detailed data about financial and legal terms and conditions. This is the final document to be presented during the sale.

Conclusion

Well, like said above, starting and selling a business requires a lot of time and effort. The thought of selling a business befalls when you face a financial crisis to meet business requirements and when you want to sell the business in order to start something new in the future.

The amount you receive in selling your business highly depends on the value of your business – Goodwill. On the other hand, finding a potential buyer who is promised to maintain your business on good terms after surrendering it to the buyer. Therefore; Keep in mind, work in progress to result well in a long-term process, if you are planning to sell off your business in the future at a higher price.

FAQ

What is the rule of thumb for valuing a business?

The common rule of thumb for valuing a business is to calculate your percentage of the annual sales, or the last 12 months of sales/revenues.

Do I have to pay tax if I sell my business?

Yes, you may have to pay tax if you sell your business.

What to do before you sell your business?

Few things you should know before selling your business is to estimate the value of your business, target multiple buyers bidding and Don’t fix the purchase price too high.
September 18, 2021
Top-Notch Entrepreneur, Milan Ganatra’s View on Fintech Industry [Exclusive Interview]
StartupTalky interviewed Mr. Milan Ganatra, a prominent face in the wealth management community to get his professional opinions and views on the Fintech Industry in India. He brings with him more than two decades of experience in financial services. This serial entrepreneur and investor founded Miles Software, a path-breaking company in the fintech space.

As an individual, Milan Ganatra believes that life is a beautiful journey where it is essential that one constantly grows, gains experiences, and learns new subjects. Milan continues to believe, despite increasing competition, that fintech has enormous potential. With a solution-oriented mind, he is interested in finding like-minded partners with whom he can invest in ventures within the sphere of fintech. A prime example of this is his investment in Financepeer and Finalyca after his exit from Miles Software.

His eagerness to explore urged him to invest and form a disruptive fintech platform – 1Silver Bullet, which provides gateway infrastructure for a range of tech-based avenues such as Edtech, Agritech, Insurance, Traveltech among others. Milan is a member of the Advocacy & Knowledge Management Committee for the Indian Institute of Alternative Investments funds, as well. He also consults several banks and financial institutions. Known for his dedication to his profession, he is always excited to hear new ideas, invest in new projects, and offer innovative solutions.

Let’s see what Mr, Milan Ganatra has got to say on the Indian Fintech Ecosystem in the post ahead!
1. What is the main motto of 1Silver Bullet? How does it work?

With 1Silver Bullet we are trying to democratize the digitization of the financial space. Despite the recent emphasis on digitization, there are still glaring gaps that neither incumbents nor fintech have managed to cross over. With 1Silver Bullet our effort is to lay down the infrastructure and provide a well-thought digitization framework that can help these organisations to transform their legacy systems in a smooth, efficient, and time-bound manner. We lay down the framework and provide them with the tools so that they can focus on their core business.

2. According to your expertise & knowledge, what are the top trends you’ve witnessed in the Indian FinTech ecosystem?

The most striking trends in the fintech ecosystem are centered around how these new-age companies have disrupted the status quo. They quickly seized the ground from incumbent players by introducing technology to improve and simplify processes. The three topmost fields where we saw fintech companies make their mark are:
- Payments: Apps like GPay and Paytm are some of the most popular payment apps. They completely revolutionized how people in India make payments today
- Banking: The success of fintech shows how banks have no choice but to keep up with the pace set by these neo banks. While most of the neo banks have an anchor point, like investment or SME, what they offer is a holistic experience.
- Investment or brokerage: Groww, Zerodha or Upstox offer a completely different experience to investors, making it more democratic, accessible, and easy-to-use than any other traditional means. They have opened access to users who are tech-savvy willing to explore investment options that otherwise would sound complex. Consequently, they have grown very quickly in a very short period.
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3. What change did you witness in the Fintech Industry of India in the pre & post-covid era?

The COVID crisis is a watershed moment in our history and it has left an undeniable impact on every aspect of our life. The fintech industry is no exception. In general, we have seen that digital platforms found a wider acceptance with the spread of digitization and there is good reason to stay bullish about the future.

A recent report by Matrix Partners and McKinsey & Company shows that fintech across different segments have experienced mild to major disruptions with the lending sector being the most affected. In wealth management and insurance, we have seen some positive moves. The pandemic has also forced some segments to put a hold on their new products with 50% of the neobank delaying product launches. But these disruptions notwithstanding, the outlook is quite optimistic on future growth. This comes from an increasing acceptance of fintech and the wide adoption of technology across sectors. For instance, incumbent institutions like banks are now tying up with fintech to improve their digital presence, boost reach, and create a more efficient delivery of products.

Fintech Industry

4. How can one keep up with the growing usage & advancement of technology in the Fintech space?

What is considered cutting-edge tech today will get obsolete very soon. The only way to keep up is through investing in continuous Research & Development (R&D) and keep upgrading the tech stack. The other equally important aspect is the service. User expectations change with time and with increasing competition. We have to keep improving and innovating. The agility to disrupt yourself is the key mantra for any fintech to survive. It must have the agility to adapt, the will to improve, and the tenacity to keep looking for a way forward.

5. Highlight the role of AI / ML- driven performance analytics in the fintech space

Artificial Intelligence and Machine Learning have transformed the fintech space and will continue to be the drivers in its growth. The evolution of Robo-advisors and its growing impact on wealth management is a perfect example of how these technologies can create a revolution. But there are many other myriad ways in which we use AI/ML to create more efficient and secure services while improving the accuracy of our processes. Something as simple, but critical, like automated customer support, rely on AI/Ml to reduce human intervention, gather data, create a more efficient, and quicker turnaround for the customer. But it’s not just performance analytics, AI/Ml is a game-changer when it comes to predictive analytics.

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6. What do you think is the future of the Fintech space?

Given that India has the highest fintech adoption rate in the world, we can safely predict a bright future for the industry. In Asia, the Indian fintech industry has already pipped China to lead investments with close to $286 mn from 29 deals, against China’s $192.1 mn from 29 deals in Q1 2019.

Despite the COVID-19 slowdown we can expect an annual growth rate of 20.2% till 2023. We may need some course correction in the short term to counter the impact of the pandemic, but in the long term, I see fintech gaining more and more ground as digitization becomes the norm.

7. How effective is the role of Robo Advisory in Investment management? What does the future behold? How will it impact the employment of potential prospects?

Robo-advisors are the most efficient online investment management services that employ mathematical algorithms to offer financial advice with nominal human intervention. The AI helps manage clients’ assets in a structured and strategic manner. It also understands and predicts investor behavior. This helps build a comprehensive investor profile giving in-depth and accurate information on the investor liabilities, spending patterns, and likely behavior. While it does everything in an automated fashion, the human interface is crucial to monitor the performance from time to time. We cannot say that it will eliminate human advice.

“Humans and machines will work in harmony in the space of investment advisory”

In terms of its impact on skills in the wealth management industry, we are already seeing a greater demand for technical training to work with Robo advisors. We will need coders, analytic experts, and wealth managers who can work with data, AI, and machine learning.

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8. From ideation to evolution & ultimate revolution – how can one be successful in this journey with growing technological advancement in the fintech space?

Like any other revolution, success always begins with an idea. But it does not necessarily have to be unique. Some of our most successful businesses today are testament to the fact that it is rarely the first-mover advantage that works. What takes an idea from its germination to a decisive success, is the execution. When it comes to fintech, we first see if the concept simplifies a complex process, if it makes the life of a consumer easy.

Next, we see if it can be scaled up. Then comes the hard work of fine-tuning the initial concept. We have to continuously listen to the customers, understand their pain points. The revolution comes only when we provide the customer with a unique and amazing experience.

“There is no magic and no short-cuts here, just hard work”

9. How safe is the customer data in Fintech space? How do you suggest customers distinguish a legitimate fintech platform from a fraud/illegitimate/unregistered?

The safety of consumer data is the most serious issue facing the fintech industry and it must be addressed urgently if we want to keep our momentum and gain wider acceptance. To avoid falling for a fraudulent fintech, consumers are advised to stay vigilant. Beware of any platform that tries to impose a quick decision, does not carry out standard verification procedures, is unclear on its fee, or does not carry a physical address on the website. At the very least it should have a secure https:// web address.

But there is undoubtedly a larger and more fundamental problem of safety that we face today, which can make a serious dent in our trustworthiness in the industry as a whole. We need a singular tech-focused regulator that can enforce compliance, not the current fractured structure that stays divided between RBI, SEBI, and IRDA. We must hold fintech responsible in the way we hold banks liable. Until a regulator steps in (as it eventually will), responsible fintech should follow best practices, such as disclosing vulnerabilities, to reassure customers.

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10. With your recent investment in 1Silver Bullet & Finalyca, Are you planning to invest in any more upcoming fintech startups or thinking about a whole new yet another innovative venture?

I am exploring completely new domains. I have recently invested in Halaplay, a part of Nazara Technologies which is a listed Indian gaming and sports media platform. Online gaming is an interesting space to grow and thrive in. A new venture is something I will talk about when I am ready to announce it.

11. How can one potentially connect with you to either present ideas, get innovative solutions/mentorship or investment and stand out from the crowd?

Mr. Milan Ganatra’s Email ID: Milan@ganatramail.com

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12. How do you scrutinize the list of startups before making an investment? What do you expect?

When we evaluate a startup for an investment, there are a few factors we are looking for. These centre around the founder, the concept, and the founding theme. The founder’s passion and commitment towards their idea is the first thing we check. Then comes the potential of the concept in terms of its scale. Does it address a generic or exemplary issue? Finally, we come to the founding theme and its clarity. Our focus is on the planning involved, whether it is detail-oriented and quality conscious.

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13. From Miles Software to 1Silver Bullet – Your out-of-the-box ideas & innovations is commendable! What would you advise the budding fintech platforms?

“If you think you have an idea, come out of your comfort zone and pursue it. There is no better time than today to pursue your dream. You may have to go through some struggle but believe in yourself. Be passionate about your idea”

Conclusion

The Indian Fintech ecosystem has seen tremendous growth, even during the pandemic times. Given that India has the highest fintech adoption rate in the world, we can safely predict a bright future for the industry. In Asia, the Indian fintech industry has already pipped China to lead investments with close to $286 Mn from 29 deals, against China’s $192.1 Mn from 29 deals in Q1 2019. Despite the COVID-19 slowdown we can expect an annual growth rate of 20.2% till 2023.
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