BANKBAZAAR COM
IPO-bound BankBazaar.com reports 36% revenue growth in FY24, losses nearly flat
To fuel its growth requirements, the company has secured over Rs 50 crore in two independent debt financing rounds led by Tata Capital and Nuvama Asset Management. BankBazaar, which has raised around $116 million in equity so far, is also in the process of raising another round of equity in the ongoing Series D2 round.
Will RBI circular impact consumer mindset towards loan on one click? Adhil Shetty explains
“The Reserve Bank of India just wants balanced growth between all segments. So what it is saying is that on the unsecured personal loan, perhaps the 24% growth rate should be lower and closer to the overall growth rates of 15% but still 15-20% growth rate is very strong growth.”
BankBazaar.com hopes to breakeven this fiscal; to file DRHP for IPO next year
The company expects to soon launch co-branded credit cards on UPI, he said, adding that this is going to accelerate revenue as demand for credit is high.Besides, he said, targeted no-cost EMIs every month are going to add to topline and the company is set to push revenue to over Rs 250 crore in FY24 with profit
Reduce equity related risks by diversifying investment pool, Bankbazaar.com CEO Adhil Shetty says
The ongoing geopolitical tensions between Russia and Ukraine have also created uncertainty in the global markets. This may also be one of the reasons for some investors to reduce their exposure to equity.
How to use your credit cards smartly? Adhil Shetty explains
The simplified version is every rupee you spend, you get a point. In certain places, you get extra points and you can also earn points via other memberships.
How to manage your EMIs in a rising interest rate regime
"Yes, there is a crisis going on with inflation. It is difficult for people to borrow the way they want to, to buy the kind of houses, the sizes that they desire. But if you lock into these spreads, the spread is fixed for the rest of your loan. And that is your opportunity. You can borrow at a slightly higher rate now. But the rates will fall at some point in time. And that is your opportunity."
- Go To Page 1
Don’t buy houses depending on rate cycle; buy when you find right property at right price: Adhil Shetty
The trend in the housing market is that people are buying homes to get the capital gains benefit which is getting capped next year. There has been no decrease in demand as of January, but if rates continue to increase, the slowdown will start to come in. There is still demand in terms of home loans, but it is not advisable to go for it now. Rates will go up and down, and when it goes up, the tenure will automatically increase.
Public good enablers to drive India's next digital revolution, says BankBazaar co-founder Adhil Shetty
India's current volume of digital transactions is three times of what it is in the US and UK, and this is built on the digital public good platforms such as UPI, RuPay and Aadhaar across the digital payment revolution, Shetty asserted during an interaction.
BankBazaar.com to turn profitable in FY23; to go for IPO by next calendar: Founder CEO Adhil Shetty
"We are happy that we are growing profitably and we have delivered 85 per cent year-on-year top line growth in Q2FY23. We had annualised revenue of Rs 170 crore (up by 85 per cent from a year ago) in Q2 and in August and September, both the months, we were EBITDA positive.
Burn these 10 financial demons this Dussehra
Saving is the aim of financial planning. Every month you should start saving money before making any expenses. Aim to save at least 20% of your disposable income. Without mandatory savings, all your income becomes disposable.
Covid pandemic brings to fore importance of compassionate leadership
CEOs, leadership experts share why compassion is important — not only during a crisis, but always
BankBazaar looks to step up hiring to fuel its expansion plans
BankBazaar plans to hire 600 people across technology, product, operations, and customer service domains as it looks to expand its digital KYC and analytics solutions.
Home loan ticket size up to over Rs 26 lakh in 2020 on incentives, non-metro demand growth: Report
Due to the pandemic, people's priorities have changed and they are evaluating their spends and investments very closely, the fintech player said in its third edition of 'BankBazaar Moneymood 2021' report.
Chocolates, dry fruits & crackers are passé: Now, Diwali is all about green gifting
The current size of the digital gifting card market in India is $2 billion.
PSBloansin59minutes.com becomes largest fintech lending platform: Report
The portal was launched in November to provide credit of up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in just 59 minutes.
BankBazaar ties up with Early Salary, CASHe to offer short term loans
Early Salary, which offers short term loans through its app has created a tech platform that is integrated with its app.
Fintech marketplace BankBazaar eyes 400 mn visits in FY'19
With this round of hiring, the company aims to beef up their engineering capabilities to deliver a holistic and seamless purchase experience.
India and Mexico get an early taste of the ‘Bank of Amazon’
Amazon doesn’t offer traditional banking services at a large scale in the US, but it does have an impact on America’s financial system.
BankBazaar to increase workforce by 400
They will be hiring across technology, product, and operational roles with more focus on product development and supply chain of financial products.
BankBazaar launches new personal finance features on its smartphone app
Customers can view a personalised summary of their consolidated bank balance from the home screen itself, with the option to view bank-specific balances too.
BankBazaar launches paperless mutual funds platform
Capital market regulator Securities and Exchange Board of India (SEBI) currently permits investment of Rs 50,000 in a financial year per asset management company for investors using Aadhaar based eKYC using OTP based authentication.
EasyPolicy secures funding from Unilazer Ventures and Burman family office
Founded in 2011 by former Thomson Reuters executive Bhatnagar, Neeraj Aggarwala and Divyanshu Tripathi, a founding member of PolicyBazaar, Easy-Policy compares and sells insurance plans in life and non-life categories across insurers.
BankBazaar invests Rs 5 crore in Singapore arm
The BankBazaar domain is already live in Malaysia and the company is also looking at other markets such as the UAE, Philippines and Indonesia.
Navin Chandani joins BankBazaar as chief business development officer
Chandani was previously the senior director and head – segment solutions and consumer experiences – India & South Asia at VISA.
BankBazaar ties up with Yes Bank
All the products will be integrated over the next two weeks and are scheduled to go live by the end of this month.
BankBazaar inks two partnerships for home loan product
Used car loans will be the first to be integrated and introduced to the non metropolitan cities across the country.
Now apply for SBI home loans via bankbazaar.com
The move is aimed at facilitating home borrowers to apply SBI home loans through yet another platform.
Amazon buys minority stake in Bankbazaar
Amazon.com Inc has made its second investment in an Indian startup by purchasing a minority stake in marketplace Bankbazaar.com, a person close to development said.
Five spoilers for home loan applicants
Your credit history and income are not the only factors lenders consider before giving you a home loan.
Load More
