ShareChat's massive top-of-funnel reach will naturally lead to facilitating financial loans
Mayank Khanduja · When your competitors raise heavily from VC's | Mayank Khanduja, SAIF Partners · Aug 20, 2019 · at 15:09
Mayank Khanduja, Partner at SAIF Partners, explains how ShareChat can serve as a distribution channel for financial products like loans to Tier 3 and 4 Indian consumers.
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“Of course. I think it's bound to happen. I would see ShareChat as a top of the funnel play that every day millions of users come to ShareChat and each one of them finds a different use case to use ShareChat. Now let's say a trader comes to share chat to find the latest rates that are in the market. Now that trader at some point in time also needs working capital finance. And at the other end, there are these NPFCs, FinTech startups who are willing to lend to these users, but frankly can't go into tier three and four towns because the channel cost will be too high for them to serve these customers. Can I be the go between? Can ShedChat be the place where these NBFCs and this trader come together and a loan can get dispersed? So yeah, it is likely to happen.”
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