The Indian BFSI industry spends over Rs 15,000 CR on collections. Currently less than 0.1% is AI enabled. @_Ignosis, the fastest growing company in the AA (Account Aggregator) space, is now leveraging their deep set of capabilities to transform collections in Indian BFSI! 50% of this Rs 15K Cr market will move to AI in 3-4 years! @niravprajapati1@NavenduS@_surgeahead@peakxvpartners
Account Aggregator (AA) is at 8% penetration in India. Just on AA growth, revenues will 10x here over the next 3 years..that gets @ignosis to be among the largest software companies focused on BFSI in India. Now add the new products, and Boom...become a truly giant company. Incredibly excited about this enterprise focused intelligence layer AI company founded by @niravprajapati1@_shethchintan and team from our 11th cohort of @_surgeahead! @NavenduS@KaustubhMundra3
Account Aggregators are shifting data ownership from institutions to individuals. Proud to partner with @niravprajapati1 and @_shethchintan at @_Ignosis as they build the rails for this revolution powering a faster, fairer future for financial services. @_saksham_mittal
Financial data in India is being reimagined.
Ignosis (Surge 11) is powering BFSI with AI-driven analytics + AA infrastructure & already trusted by 125+ institutions.
Congrats @niravprajapati1, @_shethchintan & team @_Ignosis on your funding round!
More 👇
https://t.co/4i7rkINqTB
GoKwik is building a nice ecosystem around Shopify.
Checkout.
Cart.
Return prime.
Kwikpass
And probably some tools they are building and m not aware about.
I hope they hire me as their twitter influencer and start giving me some services for free too.
Indians spend over $100B on weddings each year. #Meragi is creating a magical experience for couples to design, organize and execute incredible weddings. India is yet to see a large, scaled up platform in the weddings space and we are incredibly excited about the company that Abhinav, Mukund and Lakshmi are building. Rapid progress from our #Surge08 company and thrilled to have @accelindia lead the series A. @_surgeahead@peakxvpartners@NavenduS
Being a founder is hard. Being a mother to a young child while blitzscaling a startup.. exponentially hard.
Salute to @pallavi_s! Been a privilege seeing you in action. @NavenduS@SequoiaIndiaSEA
Outcome of solid execution through one of the toughest credit cycles in recent times.. accelerating growth with strong underlying economics. Congrats team @progcap. Privileged to have been by your side since early days!
@SequoiaIndiaSEA@dvbydt
https://t.co/8Gl5Xuubho
We first partnered with PayGlocal 10 days into company getting set up. Excited to further our commitment towards @DharaniPrachi and team’s mission of streamlining x border money movement. @Sequoia_India@dvbydt@ParvathiNair96
A few of us @Sequoia_India are in MENA (Dubai) this week. Look forward to meeting founders building the defining technology companies of the region. Pls DM if you have a recommendation for any founders we should meet who are raising seed/ Series As. @NavenduS@ParvathiNair96
🚀 New Launch! 🚀
Introducing Plum Lite.
The easiest way for a small team to get started with health benefits. Starts at—take a breath—85 rupees!
Our mission: 10mn Indians insured by 2025.
What's the story? 🧵
Rare to find confluence of such strong team-market fit and a deep, global problem statement. Privileged to partner with team PayGlocal in their mission of streamlining cross border payments!
@dvbydt@Sequoia_India
Prachi Dharani, @rohitweets and Yogesh Lokhande are on a mission to make cross border money movement more efficient. @dvbydt and @NavenduS write about why we’re excited to partner with PayGlocal & this dream #fintech team!
https://t.co/4pIImHskeE
Checkout is the next battleground of e-commerce and @gokwik is off to strong start with its RTO insurance solution for merchants. Thanks for having us as partners @tchirag, @vivekkrbajpai, and @_ankushtalwar! @Sequoia_India@dvbydt
@gokwik is building the enablement stack for e-commerce in India. We are excited to announce our partnership with @tchirag@vivekkrbajpai @_ankushtalwar and the GoKwik team!
@Sequoia_India@NavenduS
https://t.co/4gi5Lz0hao