Introducing @finshots
Finshots is a 3-minute daily newsletter covering the most important Financial & Business news in a language you'll understand. Written & curated by the team here at Finception
If you like what you read, don't forget to Subscribe☺
https://t.co/2VJtY2fQ2r
₹2 crores as profit after tax. That’s what Zomato managed to pull off this quarter.
But no one expected it to turn a profit this quickly. Even Zomato’s team predicted that profits were at least 3 quarters away!
So how did Zomato get here?
Here's how 🧵👇🏽
I've always wondered if we were just lucky or if a successful B2C business can be built without freebies, overselling, and spamming.
But I have my answer, having watched how @ShrehithK, @baha1729, @prai2303, and @lokesh_gurram have built @joinditto with a philosophy similar to @zerodha.
They've always done what's right for users from day 1, which is rare in the insurance space. As a result, they are profitable, have an insane amount of love from customers, tons of referrals, and are already among the top insurance platforms in India.
It makes us at @Rainmatterin incredibly happy when we see reviews like
"The first insurance platform that asked me not to buy a new policy or switch from the existing one because continuing my existing policy is the best option."
So yeah, it's a small sample, but it is possible.
BOROLINE sells 6 million tubes– making ₹150CR every year🤯
Born in the streets of Kolkata, through India’s freedom struggle
This 95-year-old green tube fights fiercely against giants like Vaseline & Boroplus.
What’s the secret?🤔
Thread🧵👇
Virat Kohli just became the top scorer in T20 World Cup’s history!
Here’s an infographic celebrating his iconic brand endorsements🙌🏻
Follow @finshots for more insightful, creative content.
#ViratKohli𓃵 #t20
India’s life insurance penetration stood at a meagre 3.2% last year.
If you’re in your 30s - you should know that insurance is an integral part of financial planning.
Here’s why you should definitely have life insurance cover by now. 🧵 (1/n).
Yesterday, @WeekendInvestng posted a tweet explaining how his friend received only 40,000 for a 4 lakh claim because his policy had "disease wise sub-limits".
And if you don't want to find yourself in a similar position, please read this thread 🧵
According to a survey, only 17% of Indian millennials (25-35 yrs) have bought term insurance.
Forget buying one- 55% of them haven't even heard of term insurance!
But here are 3 reasons millennials must consider buying term insurance soon:🧵(1/n)
Ummm. This is a bit awkward. But..
a) We haven't come anywhere close to recommending stocks in any of our stories
b) INA000015127
That's our RIA license
number. We are infact Registered Investment Advisors :/
Who are the leading stock brokers in India? Here's a look at the list over the years.
Follow @finshots for more such financial infographics and insights.
#stocks#india#finance#StockMarket