This is my last post on VW till I return from my US trip in July .
We are approaching tax season in India. For a number of years in the US I have used the Quicken family of products including Turbo Tax. There are other interesting personal finance sites like Bank Rate, Lending Tree, Value Line, Motley Fool etc. to name a few. I am interested in getting involved in a play along the following lines in India.
What is the play?
A destination site to help individuals invest in various asset classes in India. Individuals could be resident in India or overseas.
Can critical mass be achieved?
Yes it should be possible to get over a million users.
Can critical mass be monetized?
Yes getting an average ARPU of Rs 1000 ($25) per year should not be hard.
Lots of people have tried and not got much traction. Why will this play succeed?
Good question which I would like anyone who sends me a pitch to answer. I obviously believe that the play will succeed which is why I am interested.
Can a startup do this? Will it get killed by deep pockets of existing media / financial services players?
Good question which I would like anyone who sends me a pitch to answer. I obviously believe that the play will succeed which is why I am interested.
The Bottom Line
I am looking for entrepreneurs who are passionate and capable of executing this play. If you think you have what it takes I will be delighted to interact with you.
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Deepak M,
Thanks for the information. 🙂
Bajaj Capital and Way2Wealth are doing the same in brick & mortar model, Isn’t it ?
Maybe Reliance will soon foray into this area after Reliance Money, it will be able to serve both online as well as off-line.
– Vicky
http://www.startupnews.in
Deepak, you probably mean http://www.mutualfundsindia.com ? They’re owned by ICRA which is now a public company.
interesting discussion guys…
mohit : check out the creative entreprenuer programme run by the British council in India, they are working on a very interesting play on creative industries. I hear this form is quite evolved in the UK and some efforts are being made in India. As an aside, there are some hedge funds which are financing hollywood… but am not sure it will work in India, where its a recent prhenomena to have bank funding in the movie/television industry.
On the tax return front – i think money control is taking a shot at this , have seen some ads, need to check out. Economic times had this option a few years ago, not sure if it took off.
Sanjay : the honest DSA thing is what I think quantum ( personalfn) professes to practice….. I have been trying a lot of distributors and i get put off everytime someone tries to peddle some NFO/ IPO to me without being able to justify how it can add value to my portfolio…..
Ideas, I think I agree with Krish, we are all adults and professionals, let us provide the basic courtesy to each other, we can disagree but am sure we can discuss. This forum is rich due to every individual, and hope u participate again.
Sanjay also check mutualfundsofindia, its also an interesting mutual fund play.
Dear Sanjay,
It seems madhouse has been recently acquired by Seventymm. I guess you were on their board of advisors. Why don’t you share some of your experiences with that startup ? any thoughts about this acquisition ??
I can understand that there may be lots of things that you may not want to or are not allowed to share. But whatever little you can share would help a lot. The reason i say this is that this is particularly a case of first generation young entrepreneurs who went through the complete cycle of founding, raising money and then getting bought. I feel such recent and relevant deals can help us (young first generation entrepreneurs) learn a lot.
(Btw, i totally appreciate your approach of letting people know what you are interested in and asking the people working on similar ideas to contact you..)
Look forward to listening more from you…