Rupify

“So we keep on looking at how many of the active transacting SMEs transacted again next month. That number for us is around 80, 85%.”

“So we raised a four million equity and in India, it's a, when you raise X equity, you get 25% of that in venture debt. So this is a million venture debt.”

“That was a little less than a million. And earlier this year, we raised a pre-series A that was around four million dollars.”

“We, we've been growing at more than 200% month on month for the last quarter or so.”

“No, we were in the, yeah, in the one percent range.”

“Again that was also at an idea stage with not a single line of code written. So between 10 to 15% dilution there.”

“Churn typically happens in three months. After that we don't see much churn. So let's say I acquire you today. There will be a 10, 15% churn month two and another 10, 15% month three and month four. So that three months we'll see a churn, but after that, the p…”

“So we are now launching an offline BNPL as well. So we want to be omnichannel.”

“So so we've done close to seven and a half million dollars of lending this month in September.”

“Yeah. It's a, it's an equal split between the three of us.”

“So we work with the Flipkart Walmart group. So all the Walmart stores in India, we are present today. I see. Entire Flipkart e-commerce platform on the B to B side, we are present today.”

“We are a managed marketplace. So this is not set on our balance sheet. We work with a lot of banks and non-bank institutions across the country where we have a revenue and a risk sharing arrangement with them so that we onboard these customers. We provide the …”

“That must be around 15 or a thousand.”

“It would be two percent.”

“And it's festive season coming up in India next month. So we're looking to almost again, double this in October.”

“So an average credit line that we approve for these small businesses is something of the order of a thousand dollars, right? And that thousand dollars they utilize over multiple transactions. So the average transaction size for us can be as low as 150 dollars.”

“So this is a very short tenure transaction. It's typically for like, 14 days, 30 days, maximum 60 days. And we make money through the supplier. So it's a zero percent interest or a zero cost credit to the retailer.”

“So as of today, we have close to around 25,000 odd small businesses that have transacted with us.”