bank bazaar

1. NAME –DANISH RAZA KHAN
ROLL NO.- MBA21A19
FINTECH

2. BankBazaar.com is India's largest fintech co-branded Credit Card issuer and online platform
for free Credit Score with over 50Mn registered users. Supported by global investors
such as WSV, Experian, Eight Roads, Sequoia India, Walden International and
Amazon, BankBazaar has been at the forefront of democratising finance
in India by providing end users with frictionless access to credit.

3. Startup Name BankBazaar
Headquarter Chennai
Sector Fintech
Founders Adhil Shetty, Arjun Shetty & Rati Shetty
Founded 2008
Parent Organization A&A Dukaan Financial Services
Website www.bankbazaar.com
BankBazaar Highlights

5. BankBazaar - Funding and Investors
 In 2017, this fintech platform BankBazaar made quite a few headlines for raising a massive $30 Million from the
credit reporting agency, Experian. BankBazaar has also raised INR 375 Crore Series C funding.
 Further, to put higher stakes on their international aspirations and increase the profit margins, the company had
committed to invest close to $3 Million for expansion in countries like Singapore and Malaysia each.
 To date, it has raised $110 Million through funding from marquee investors such as Sequoia Capital Amazon,
Fidelity Growth Partners, , Experian among others. Here is a detailed table of the funding raised by
BankBazaar till date-
Date Stage Amount Lead Investors
March, 2011 Series A $6Million Walden International
January, 2014 Series B $13Million Sequoia Capital India
July, 2015 Series C $60 Million Amazon
October, 2017 Series D $30 Million Experian Ventures

6. MUTUAL ONLINE VERABANK
BANK OF THE GAEMS
FINANCIAL GROUP
BIMA
1. 2010
2. PRIVATE
3. FINANCIAL
SERVICE BANK
4. FINTECH
1. 1999
2. PUBLIC
3. FINANCIAL
SERVICE BANK
4. FINTECH
1. 1930
2. PRIVATE
3. FINANCIAL
SERVICE BANK
4. FINTECH
1. 1999
2. SUBSIDERY
3. TECHNOLOGY
BROKERAGE
4. FINTECH

8. INR FY, 2018 FY, 2019
Revenue 970.0m 1.1b
Revenue growth, % 12%
Net Income (1.3b) (1.7b)
BankBazaar.com Income Statement

9. Founding Date 2008
BankBazaar.com total Funding $121 m
BankBazaar.com latest funding
size
$5.98 m
Time since last funding 2 years ago
BankBazaar.com investors Sequoia Capital, Amazon, Mousse Partners, Walden International, Fidelity
Growth Partners India, Eight Roads Ventures, Experian, Sequoia, Sequoia
India, Eight Roads, Walden SKT Venture Fund, Eight Roads Ventures
India, GUS Holdings, Iype Isac, Murari Sridharan, Ramesh Srinivasan, WSV
Summary Metrics

10. BankBazaar.com Overview
Founded
2008
Status
Private
•Employees
•1,000
Latest Deal Type
Series D1
•Latest Deal Amount
•$10.8M

11. BankBazaar has announced its hiring plans for the coming financial year as the company gears up to
broaden operations.
The company plans on hiring 1500 new employees split across domains as it looks to expand its portfolio of
existing co-branded credit products such as credit cards and personal loans, and venture into newer product
territories. The company also announced that it has no plans to let go of its hybrid operations for now and
hiring will be pan India, though with a focus on
As a company, we have grown and evolved significantly in the last two years. With EBITDA profitability around the
corner, we are growing at an even faster pace, and our resource utilisation has been higher than ever. We are looking
forward to building a bigger team as we work our way towards profitability,” said Sriram V, CHRO, BankBazaar. While
plans are underway to reopen the Chennai office in April, employees will continue to have an option to choose work
from home or on-site options.
"We believe that a company where everyone works towards a common good will be a happy and safe place to work,
and we have done our best to bring that about. So instead of implementing systems to monitor productive hours, our
focus is entirely on helping employees meet their performance goals.