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Paisabazaar.com Crosses Rs. 1000 Crore AUM, Aims to Hit Rs. 1500 Crore by March’18 | ||
Gurgaon, Haryana, India Paisabazaar.com, India’s No.1 Marketplace for loans and cards, announced today that assets under management (AUMs) garnered through its Mutual Funds product crossed the Rs. 1000 crore mark last month. The organization says it is confident of reaching Rs. 1500 crore of AUM by March 2018.
Paisabazaar.com launched Mutual Funds on its platform in April, 2016 and has over 20 partners, which includes India’s top AMCs, on board. Paisabazaar.com’s Mutual Fund business provides investment solutions to retail consumers as well as specialized advise to HNIs and institutions.
About PaisaBazaar.com Paisabazaar.com is India's largest online financial marketplace for loans and Credit Cards. It offers all a complete spectrum of lending and investment products for retail customers. Paisabazaar.com currently partners with more than 75 partners across lending and investment categories with 300+ products on offer. Since its inception in early 2014, the company has marked a staggering growth and now has over 33 million visitors coming to its website each year.
It is the only financial player to disburse loans worth Rs. 2500 crore worth in a financial year (2016-17). The company is targeting a 3X growth and aims to cross Rs. 6000 crore annualized disbursal run rate by the end of this financial year. It plans to touch annualized disbursal of Rs. 25000 crore by 2020.
The portal has been conferred with Economic Times "Best BFSI Brand Award", Money Tech “Startup of the Year and Money Tech “Best Customer Experience Innovation” in the last one year. Apart from this, Paisabazaar.com has been recognized as an “Emerging Brand” at the prestigious CMO Asia Awards, as well as by Indian Brand Convention.
Paisabazaar is part of Policybazaar group, India's largest online insurance platform and is an InfoEdge (Naukri.com), Premji Invest, Tiger Global Management, Temasek, Steadview Capital, Ribbit Capital and Inventus Capital Investee Company. |
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