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S6 Ep126: Power of Micro Investing and Savings With Satyajeet Kunjeer of Deciml
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Deciml is a micro-investing and micro-savings app that enables young Indians to auto-invest their spare change (as low as Re 1/-) from online transactions into Mutual Funds or Fixed Return Funds. The company recently raised launched its product and raised capital.
Within three months of its introduction on the Android PlayStore, Deciml received 25,000+ downloads with a total of ₹20,00,000+ being invested through round-ups, as well as daily investments. Currently, an average user of Deciml is investing close to ₹1,859 per month through these small round-up amounts. With an ambition to add at least 1% more young investors to India’s investment ecosystem, the company has onboarded partners that include Lend Box, Motilal Oswal, as well as Yes Bank.
Hope you enjoy this TRANSFIN. Podcast with Nikhil Arora and Sharath Toopran, where we converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other.
The objective is to bring out an "actionable" perspective converging the world of business and investing.
If you're a founder and if you'd like us to drill down your model, feel free to drop us a line at [email protected]
158 episodes
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on October 12, 2024 03:14 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 356351149 series 2436348
Deciml is a micro-investing and micro-savings app that enables young Indians to auto-invest their spare change (as low as Re 1/-) from online transactions into Mutual Funds or Fixed Return Funds. The company recently raised launched its product and raised capital.
Within three months of its introduction on the Android PlayStore, Deciml received 25,000+ downloads with a total of ₹20,00,000+ being invested through round-ups, as well as daily investments. Currently, an average user of Deciml is investing close to ₹1,859 per month through these small round-up amounts. With an ambition to add at least 1% more young investors to India’s investment ecosystem, the company has onboarded partners that include Lend Box, Motilal Oswal, as well as Yes Bank.
Hope you enjoy this TRANSFIN. Podcast with Nikhil Arora and Sharath Toopran, where we converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other.
The objective is to bring out an "actionable" perspective converging the world of business and investing.
If you're a founder and if you'd like us to drill down your model, feel free to drop us a line at [email protected]
158 episodes
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