Upstox CEO Ravi Kumar explains the immediate business impact of adopting Aadhaar-based digital onboarding.
Prediction Open · timeframe Sep 2033
Kumar: India will have 1,000 or more unicorns within a decade
“Oh, it's maybe even more. I'm extremely bullish, right?”
Insight
Kumar: Online retail brokerages lack strong economies of scale
“I think in our industry also, the relationship is with the customer, you know, and what I mean by that is there's not really so much economies of scale.”
Prediction Open · timeframe Sep 2043
Kumar: India's market cap could reach $15T in 10-20 years
“India today has, you know, about three, three and a half trillion dollars of publicly traded market cap. You know, and we think that in these next 1015, 20 years, that number could be like fifteen billion. 15 trillion dollars.”
Insight
Kumar: Most founders lack the maturity to turn unprofitable businesses profitable
“So I think again every, every founder won't have the maturity, I think, to be able to run, you know, An operation unprofitably and still at some point become profitable. The knowledge and the know-how of doing that is very difficult.”
Prediction Didn’t hold up
Kumar: Upstox to achieve 25% to 30% PAT margin this fiscal year
“No, we're pretty much already that. Right. We're already you know, almost there, but yeah, by the end of the FYI, I think throughout the whole year, we'll, we'll probably be like a 25, 30% path business.”
Assertion Supported
Kumar: Upstox was the first Indian broker to digitize with Aadhaar
“So we were the first broker to digitize when Adhar launched.”