Instacred Working
Current Operational Overview
- Operating States in India: Rajasthan, Gujarat, Maharashtra, Goa, Uttar Pradesh, Uttarakhand, Jharkhand, Madhya Pradesh, Telangana, Assam, Bihar, Chhattisgarh, Haryana, Punjab, Odisha, Delhi, West Bengal.
- O2O Dealers Onboarded:
- Current: 1,800 dealers.
- Target by February: 10,000+ dealers.
- Business Model:
- Providing customers with product purchase options via stores onboarded on our platform.
- Redirecting users from our platform to partner stores for shopping.
- Offering financial solutions through Bajaj Finserv EMI Card, Moneyview, Cardless EMI, and Home Credit.
Current Daily Business Metrics
- Bajaj Finserv EMI Card: ₹10,00,000
- Moneyview: ₹1,50,000
- Cardless EMI: ₹1,00,000
- Home Credit: ₹1,50,000
Projected Daily Business Metrics by February End
- Bajaj Finserv EMI Card: ₹60,00,000
- Home Credit: ₹6,00,000
- Moneyview: ₹6,00,000
- Cardless EMI: ₹4,00,000
Key Challenges
- NTB (New to Customer):
- Current solution (Moneyview) has a lengthy process, leading to inefficiencies.
- Potential to achieve ₹25,00,000 daily business with an improved ROI model.
- If we introduce an NTB solution for Non-RTO Scooty financing, we can easily achieve ₹50,00,000 daily business.
- NTC (New to Credit):
- Enabling NTC loans and extending credit to -1 score customers can lead to ₹1 crore daily business.
Projections with NTB and NTC Solutions
- NTB Implementation: Additional ₹25,00,000 per day.
- NTB for Non-RTO Scooty: Additional ₹50,00,000 per day.
- NTC Implementation: Additional ₹1,00,00,000 per day.
Monthly and Yearly Business Projections
| Metric | Current Daily | Feb Daily Target | Monthly (Feb) | Yearly (Feb-End) |
|---|---|---|---|---|
| Bajaj Finserv EMI Card | ₹10,00,000 | ₹60,00,000 | ₹18 Cr | ₹216 Cr |
| Moneyview | ₹1,50,000 | ₹6,00,000 | ₹1.8 Cr | ₹21.6 Cr |
| Cardless EMI | ₹1,00,000 | ₹4,00,000 | ₹1.2 Cr | ₹14.4 Cr |
| Home Credit | ₹1,50,000 | ₹6,00,000 | ₹1.8 Cr | ₹21.6 Cr |
| Total (Existing Solutions) | ₹14,00,000 | ₹76,00,000 | ₹22.8 Cr | ₹273.6 Cr |
| NTB Solution Addition | - | ₹25,00,000 | ₹7.5 Cr | ₹90 Cr |
| NTB Non-RTO Scooty | - | ₹50,00,000 | ₹15 Cr | ₹180 Cr |
| NTC Solution Addition | - | ₹1,00,00,000 | ₹30 Cr | ₹360 Cr |
| Grand Total | ₹14,00,000 | ₹2,26,00,000 | ₹75.3 Cr | ₹903.6 Cr |
Conclusion
- Scaling from 1,800 to 10,000+ dealers will significantly enhance customer reach and overall business potential.
- Addressing NTB inefficiencies with a robust ROI model can contribute ₹25 lakh daily.
- Introducing NTB solutions for Non-RTO Scooty financing can add ₹50 lakh daily.
- Enabling NTC loans will unlock a new segment, driving additional ₹1 crore daily.
- Strategic investments in platform optimization and dealer support will ensure sustainable growth.