Wednesday, January 27, 2021
  • About us
  • Contact
  • Privacy Policy
  • Sitemap
Business Khabar
  • World
  • India
  • Business
  • Tech
  • Money
  • Startups
  • Lifestyle
  • Other
    • Top Stories
    • Entrepreneur
No Result
View All Result
Business Khabar
  • World
  • India
  • Business
  • Tech
  • Money
  • Startups
  • Lifestyle
  • Other
    • Top Stories
    • Entrepreneur
No Result
View All Result
Business Khabar
No Result
View All Result
Home Startups

Chandigarh’s startup is increasing public awareness about finance

Damini Sharma by Damini Sharma
September 12, 2020
in Startups
1
Bandul Bansal, founder of Finstreet
587
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

Union Budget 2021: From low taxation to ad start-ups, these announcements can boost digital education

Started a unique startup leaving CA studies, giving tips to farmers for doubling income

Unique idea of ​​husband and wife got with Ratan Tata, his startup idea is very revolutionary

 

Bandul Bansal started trading in the stock market when he was doing his engineering course at PEC University of Technology in Chandigarh. He soon started advising friends and colleagues to build his financial portfolio and realized that finance was his passion.

As a student he worked at Quadby, a B2B customized apparel startup founded by his batchmate Litesh Gumber.

Brother says,

“I had always enjoyed helping people manage their finances and it also helped us increase crowdfunding for Quadby.”

He soon began to reach potential customers and began consulting about how to improve his financial departments. Within a year in 2016 he decided to bootstrap Finstreet, a personal finance coaching platform to help people understand the various forms of alternative assets.

Bandul Bansal, founder of Finstreet



Early days

Chandigarh-based Finstreet offers a variety of learning experiences across all areas of investment, be it high capital investment such as real estate investment or low capital investment such as poker staking.

Bandhul recalls, “I found some clients and advised them on how to use their property appropriately. They got excellent returns on their investment and seemed satisfied with our service. I remember the first time I got a call from my client to thank me. They had bought shares of Quad by (very clearly) and were happy when they tripled in value. The joy in his voice was enough to make me realize that this was the work I always wanted to do. ”

Along with Litesh, Bandul’s core team consists of college mates Nishant Chawla and Sahil Thakur. The total team size is 12.

The team had to work to build their reputation as they were college students. He began by providing important information to the public in a simple, promising way. He conducted free workshops in colleges to teach students how to manage their finances.

Brother says,

“It helped us in the beginning to build our reputation and scale business. Soon, we were conducting workshops at prestigious institutes like IIT-Delhi, IIT-Bombay and IIT-Gandhinagar. ”



What does Finstreet do?

This online platform offers a wide range of services, including online classes, workshops, programs, mentoring sessions and content such as cheat sheets and books for an overall understanding of the industry.

“People can visit our website and choose from the many services available. Finance is a scary industry for those who have misinformation. ”

Brother says,

“We focus on providing a seamless line of communication between us and our customers so that we can answer every query in detail. It guarantees 360 degree understanding. These business ethics make our customers always happy and satisfied That’s why. “

He says that the Finstreet team is targeting the common man and plans to expand to regional languages ​​soon.

Read: This Agritech startup makes available to the people and helps in making profits with the farm and their management.

The market

In the financial education segment, startups compete with Zerodha, PolicyBazaar, BankBazaar and others. But Bandhul focused on the difference, saying that most finance platforms focus on Finance 1.0.

They say

“We educate individuals about new asset classes such as cryptocurrency and REITs, in addition to traditional asset classes. These can be smart investments for beginner investors. Our goal is to take existing financial knowledge, break it down, and present it to our students in a simple, clear way. ”

He says, “To this end, we have enlisted the help of social media platforms such as YouTube to help us spread our message. Visual aids are a better medium of learning, which is why our education model largely focuses on video for fun and engaging learning. ”



Business model

The team’s business model includes online classes, which are paid and free. Services including fees include online programs, webinars, courses and workshops.

Brother says,

“During the first few years, we focused on strengthening our brand and building credibility among people. It was not very high in terms of revenue. But it helped us build a strong community which has helped our company grow faster. ”

The team claims that there are more than 150,000 followers on the social media platform and more than 40,000 people are connected through offline channels. Finstreet is focusing on Tier III and IV cities as people there are generally unaware of smart financial planning.

He says, “We have a wide range of services to offer our customers: courses, events, workshops, and so on. They can be free or cost up to Rs 10,000. ”



Future plan

The target customer of the team is the one who needs financial management, which means “all”.

Bandhul says, “We want to help individuals use their assets smartly and build a fluid portfolio that improves their finances. Our business model is dependent on many costs such as content development, marketing and operations. These costs are mostly fixed. For example, the cost of content development is stable despite the number of courses we sell. ”

He said Finstreet is gaining traction for its services with a profit margin of 15 to 20 percent.

He says, “Our future plans include raising awareness about decentralized finance among the common man. Decentralized finance will revolutionize the finance industry and it is important that people understand the true implications of informing. Apart from the decentralized economy, we will focus on other lesser-known, yet highly profitable asset classes. ”

Finstreet’s ultimate goal is to create “a class of individuals who have financial literacy and who are consistent with all developments in the industry.”

Read: DST builds 153 incubators, nurtures 3,681 startups under incubation through network

Tags: financial helpFinancial reformFinancing
Previous Post

Samsung Galaxy M51 Vs OnePlus Nord: Which smartphone is better; Price, features and camera quality

Next Post

Investment plans: up to 8.09% interest on FD, know where and how

Damini Sharma

Damini Sharma

Related Posts

Budget 2021-22, Union Budget 2021
Career

Union Budget 2021: From low taxation to ad start-ups, these announcements can boost digital education

by Business News
January 19, 2021
Started a unique startup leaving CA studies, giving tips to farmers for doubling income
Startups

Started a unique startup leaving CA studies, giving tips to farmers for doubling income

by Business News
December 14, 2020
Unique idea of ​​husband and wife got with Ratan Tata, his startup idea is very revolutionary
Startups

Unique idea of ​​husband and wife got with Ratan Tata, his startup idea is very revolutionary

by Business News
December 27, 2020
This young startup will give you countless new startup ideas for yourself.
Startups

This young startup will give you countless new startup ideas for yourself.

by Shehnaz
December 5, 2020
onex founder
Startups

Left CA job, started startup, today has crores of business

by Damini Sharma
November 1, 2020
Next Post
Investment Plans: Interest on FD will be up to 8.09%, know where and how to invest?

Investment plans: up to 8.09% interest on FD, know where and how

Comments 1

  1. Pingback: This startup makes friends meet place accessible, its business is growing rapidly

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

huawei patented samsung galaxy z fold2-like smartphone, looks like book

Huawei patented samsung galaxy z fold2-like smartphone, looks like book

September 27, 2020
PUBG Mobile will make a comeback in the Indian market, prepares to invest $ 100 million in the country

PUBG Mobile and PUBG Mobile Lite completely closed in India from today

October 30, 2020

Don't miss it

sourav ganguly hospitalized after chest pain in kolkata
India

Sourav Ganguly’s health worsens again, hospitalized after complaining of chest pain

January 27, 2021
Union budget 2021, budget 2021 team, budget team of nirmala sitharaman, union budget 2021 team, union budget team, K Subramanian, tarun bajaj, tv Somanathan, ajay bhushan pandey
Finance

Budget 2021: here is the budget team of Finance Minister Nirmala Sitharaman, this time two new faces included

January 27, 2021
apple released new iOS 14.4 update for iPhones will fix problems know features
Tech

Apple releases new iOS 14.4 update for iPhone, fixes many flaws

January 27, 2021
Budget 2021-22, Union Budget 2021
Finance

Budget 2021: What is the Economic Survey, how is it related to the budget?

January 27, 2021
Due to these reasons, stampede in the market, investors lost 3 lakh crores; Sensex breaks 1000 points
Share Market

Due to these reasons, stampede in the market, investors lost 3 lakh crores; Sensex breaks 1000 points

January 27, 2021
2021 Jeep Compass launched in india, new jeep compass launched, 2021 jeep compass price, 2021 jeep compass features, 2021 jeep compass changes, 2021 jeep compass engine
Automotive

2021 Jeep Compass launched in India, price starts at Rs. 16.99 lakhs; Will get these changes

January 27, 2021
Business Khabar

Business Khabar provides the latest news about market, financial, tech, sports and business news from around the world.

Learn more

Categories

  • Automotive
  • Business
  • Car & Bike
  • Career
  • Entrepreneur
  • Fashion
  • Featured
  • Finance
  • Food
  • Health
  • India
  • Industries
  • Insurance
  • Investments
  • Lifestyle
  • Money
  • Opinion
  • Real Estate
  • Schemes
  • Share Market
  • Startups
  • Tech
  • Top Stories
  • Travel
  • uncategorized
  • World

Important

JIOMART FASHION

BUSINESS PLAN

ATUM 1.0 BIKE

UPCOMING IPO

VEGETABLE BUSINESS

MARUTI UPCOMING CARS

BUSINESSMEN STORY

TERACUBE 2E

BUSINESS AFTER LOCKDOWN

IPL COACH SALARY

CSC REGISTRATION

 

Recent News

sourav ganguly hospitalized after chest pain in kolkata

Sourav Ganguly’s health worsens again, hospitalized after complaining of chest pain

January 27, 2021
Union budget 2021, budget 2021 team, budget team of nirmala sitharaman, union budget 2021 team, union budget team, K Subramanian, tarun bajaj, tv Somanathan, ajay bhushan pandey

Budget 2021: here is the budget team of Finance Minister Nirmala Sitharaman, this time two new faces included

January 27, 2021
apple released new iOS 14.4 update for iPhones will fix problems know features

Apple releases new iOS 14.4 update for iPhone, fixes many flaws

January 27, 2021

Copyright © 2020 Business Khabar

No Result
View All Result
  • Home
  • World
  • Business
    • Automotive
    • Industries
    • Startups
    • Entrepreneur
  • Tech
  • Money
    • Schemes
    • Investments
    • Finance
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
    • Car & Bike
  • Top Stories
  • Contact Us
  • Real Estate
  • Contact
  • About us

Copyright © 2020 Business Khabar

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.