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Interested in investing as a young entrepreneur? Here's what you need to know
Investment in India has remained subdued considering the challenging global environment, and analysts anticipate that the country may remain in a state of stagnation until the end of the year. According to Siddharth Mehta IL&FS Former Director and CIO of Bay Capital, the market has seen a significant decrease in the rate of deal-making, which is attributed to the global economic and geopolitical conditions, as well as inflation and the ongoing conflict in Ukraine. GlobalData indicates that in January 2023, 87 venture capital deals were disclosed in India, amounting to a total of $696.2 million (about $21 per person in the US). This was a decrease of 13.9% compared to the previous month when India saw 101 venture capital agreements for a total of $905 million.
What Investing Strategy Should Budding Entrepreneurs Use?
To plan your investments as a young entrepreneur, set short- and long-term business goals, create a budget, explore investment opportunities, seek advice from financial advisors or mentors, diversify investments, monitor performance regularly, and be patient. Diversify your investments to minimize risks and maximize returns. Monitor your investments regularly and adjust if needed. Remember to be patient and persistent in your investment journey. Siddharth Mehta Bay Capital CIO and IL&FS Former Director believes that young entrepreneurs must do in-depth research and market analysis and understand the cycle of the market and its preferences before making any investment as successful investing necessitates meticulous planning, thorough research, and discipline, paving the way for long-term business success.
Things to Keep in Mind While Starting a Startup
Building a successful team, getting funding, concentrating on the customer experience, and keeping nimble are all necessary for starting a firm. Success depends on conducting market research, generating cutting-edge products, and having a comprehensive business plan. For a profitable return, it is crucial, above all else, to conduct research based on current market trends and changes.
Three Things to Keep in Mind While Considering a Startup
Starting a new business can be a challenging journey, especially for young entrepreneurs. To succeed, they should be passionate and determined, prioritizing their customers and building strong relationships. They should understand their needs, preferences, and pain points, and focus on creating a positive customer experience. Being resourceful and adaptable is crucial, as it allows them to find innovative solutions, build relationships with industry leaders, and learn from mistakes. Despite lacking capital, experience, or industry experience, they should remain flexible and adaptable to meet the changing needs of their business and industry.
What is Investing in Lifestyle? And How to Make Sure it is Profitable
What is a lifestyle investment? Lifestyle investment means investing in assets that reflect an individual’s lifestyle or passion. For example, investing in art, music, travel, or in sports. Investing in lifestyle assets is a great way to achieve a profitable return. However, it’s important to understand that lifestyle investments aren’t always financially sound. “It’s essential to do your research, diversify your portfolio, seek professional advice, track your investments regularly, and have patience, lifestyle investing can help you make better decisions and reduce risks”, asserts Siddharth Mehta.
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Digitalization is the process of converting analog information into digital form. It involves using advanced technology to digitize information, automate processes, and improve efficiency. By converting data into digital format, organizations can store, manipulate, and analyze data more easily, quickly, and accurately.
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Siddharth Mehta Bay Capital founder says PB Fintech changed the way Indian insurers buy insurance
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Technology's Impact on Finance's Evolution explained by Siddharth Mehta
The development of finance has been significantly influenced by technology, which has changed how financial transactions are carried out, handled, and analyzed, says Siddharth Mehta IL&FS, former director.
Many financial processes can now be automated, which cuts down on the time and effort needed to complete financial tasks. Accuracy has increased, mistakes have decreased, and financial experts are now able to concentrate on more important activities thanks to automation.
Organizations may now conduct transactions in real-time since technology has sped up and improved the efficiency of financial operations. This has increased customer happiness, decreased expenses, and cash flow.
Finance professionals can now access and analyze financial data more easily thanks to technology, which helps them make better decisions. As per Siddharth Mehta Bay Capital CIO, Tools for data analytics can offer insights into how well a firm is performing by pointing out its strong and weak points.
Through technological advancements, fraud and cyberattack risk have decreased in the financial sector. Blockchain technology, biometric authentication, and encryption are a few security techniques that are enhancing the security of financial transactions.
The digital revolution of finance has been fueled by technology, which has made it possible for businesses to perform transactions online and do away with the need for paper-based procedures. Finance professionals may now operate remotely thanks to the widespread use of mobile devices and cloud-based solutions, which has boosted accessibility and flexibility.
The growth of finance has been greatly aided by technology, added Siddharth Mehta former IL&FS director, which has made it possible to automate procedures, increase speed and efficiency, increase access to information, improve security, and promote digital transformation. These developments have made it possible for financial professionals to make better judgements and better support the strategic goals of their organizations.
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Is Your Finance Function Using the Right Technologies?
To manage the business's financial resources, make financial choices, and guarantee compliance with financial requirements, the finance function is essential to every organization asserts Siddharth Mehta IL&FS, former director. Finance functions must use the appropriate technology to automate their procedures and boost their overall effectiveness if they are to do their jobs successfully.
The following are some ways that finance departments may use technology to streamline their processes:
Accounting Software: Bookkeeping, billing, invoicing, and financial reporting are just a few of the numerous finance tasks that accounting software can automate. This technology can speed up data entry and lessen mistakes that come with it.
Company intelligence tools: These tools can assist finance departments in data analysis and company performance insight. As further support, these technologies can offer real-time reporting, dashboards, and predictive analytics.
RPA, or robotic process automation: It is a technology that automates repetitive, manual processes so that financial professionals may concentrate on more important responsibilities. Additionally, RPA can increase compliance, speed, and accuracy says Siddharth Mehta Bay Capital CIO.
Cloud computing: By enabling access to financial data at any time and from any location, cloud computing enables finance operations to swiftly and easily communicate with stakeholders. Additionally, cloud-based solutions eliminate the need for costly IT infrastructure.
Blockchain: Financial transactions may be made transparent and secure using blockchain technology, lowering the chance of fraud and boosting confidence between participants.
In conclusion, utilizing the appropriate technology to enhance operations may be advantageous for the finance department. As per Siddharth Mehta, former IL&FS director. Finance operations may increase their efficiency and effectiveness, which will eventually result in better financial results for the organization, by automating manual procedures, analyzing data, and boosting transparency and security.
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B2B Fintech Companies in India
There are few other prominent top B2B fintech companies in India that leave their mark unavoidably in business market. Here are few of them explained by Siddharth Mehta IL&FS former director:
1: Udaan- One of the biggest business-to-business platforms in India is called Udaan. Vaibhav Gupta, Sujeet Kumar, and Amod Malviya launched it in 2016. Bangalore serves as the startup's corporate headquarters. Staples, electronics, FMGC, lifestyle, home and kitchen, fruits and vegetables, pharma, and other industries are all served by it. The platform enables farmers, small businesses, and manufacturers to provide shoppers and merchants with their goods in a transparent and safe manner. With safe payments and efficient logistics, it facilitates the buying and selling process.
2: GInvoicing- The startup's name, GInvoicing, is clearly taken from the accounting phrase G-Invoicing. Tarun Jangra started Ginvoicing in 2017, which has its headquarters in Ludhiana. It is a platform that enables you to conveniently and more successfully run your business. The platform aims to eliminate all your GST-related problems claimed Siddharth Mehta Bay Capital founder and CIO. It assists with obtaining online payments, accounting, inventory control, gathering sales, marketing, and buying information, among other things.
3: Benow- Benow is yet another well-known B2B payment company in India. It was established in 2016 by Sudhakar Ram and Soorraj VS. A platform called Benow focuses on payments and the retail industry. The firm was established to advance digital payments and support the growth of SMEs, NGOs, and brands. Users may also obtain credit points, EMI, bundle items, and much more. The Buy Now Pay Later approach is the main emphasis of the site.
Conclusion!
Business-to-business payments were always a difficult procedure, but as technology developed, a number of companies appeared that simplified and secured the transaction. Some of the most well-known B2B payment firms in India that are revolutionizing the way transactions were previously conducted are those listed above.
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How B2B fintech industries has changed the whole payment system in India?
“The B2B fintech industry refers to the application of financial technology to improve and automate financial services for businesses,” says Siddharth Mehta IL&FS, former director.
The various products and services that B2B fintech companies offer include payment processing, foreign exchange, finance, and financial management, to name just a few. These companies usually use cutting-edge technology like blockchain, machine learning, and artificial intelligence to offer their services more effectively and efficiently. Siddharth Mehta Bay Capital CIO explains, as more businesses utilize financial technology solutions, the B2B fintech industry, which is an important part of the wider fintech ecosystem, is growing swiftly.
The B2B market has been a major factor in the rapid rise of the fintech industry in recent years. According to a PwC report, worldwide investments in fintech firms rose from $22.3 billion in 2013 to $111.8 billion in 2019. The B2B fintech industry has also been a big contributor to the rise of employment in the sector, with many B2B fintech businesses developing high-skilled professions in disciplines like engineering, data science, and product development.
According to a KPMG report, the global fintech market was predicted to be worth $127.66 billion in 2018 and is expected to increase at a compound annual growth rate of 19.9% to $309.98 billion by 2023. This demonstrates that a substantial number of companies are based in the fintech industry.
Fintech companies can work in a variety of sectors, including payments, loans, financial management, and insurance. Fintech companies include organizations that handle payments, like PayPal, and platforms for peer-to-peer lending, like LendingClub. There are also other smaller fintech companies that focus on certain market niches.
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Top B2B Fintech Companies in India that grew rapidly in 2023
Due to the proliferation of payment startups in the modern era, B2B transactions have improved in terms of convenience and security. Some of the most well-known B2B payment startups in India are the ones listed below:
1: BharatPe- A single BharatPe QR code may be used by small to midsize business owners to accept payments across all UPI applications, according to BharatPe, a B2B fintech provider. The startup also provides loans to business owners and praised by many entrepreneurs like Siddharth Mehta IL&FS, former director. Bhavik Koladiya, Ashneer Grover, and Shashvat Nakrani launched it in 2018, and its main office is in New Delhi. Recently, BharatPe collaborated with NBFCs on a project named the "12% Club". Through this program, consumers will have the opportunity to invest in BharatPe and earn interest rates of up to 12% without being subject to any lock-in periods. Additionally, consumers are able to borrow money at a 12% interest rate.
2: Emkash- EnKash is a platform for managing B2B payments and providing financial support. With the help of this program, a business may monitor its cash flow, invoices, and—most importantly—track payments from customers or suppliers. It facilitates easy connections between businesses, corporations, and credit providers. Hemant Vishnoi established the business in 2016. The SBM EnKash RuPay business card, the most comprehensive business credit card ever, will be released in 2020 thanks to a collaboration between SBM Bank, YAP, RuPay, and EnKash.
3: Airpay- Another well-known B2B payment company from India, Airpay, makes it simple for retailers and eCommerce businesses to accept contactless payments. Amit Kapoor, Kunal Jhunjhunwala, and Rohan Deshpande established Airpay in 2012. The business's main office is in Mumbai. As per Siddharth Mehta Bay Capital CIO says, the payment platform offers features including open banking, financial services, contactless payments, mobile POS, net banking, digital payments, and financial inclusion.
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Considering investing as a young entrepreneur? This is how you can do it.
Investment in India is still slow due to global economic and geopolitical issues. Young business owners should focus on setting goals, budgeting, researching investment opportunities, getting financial advice, diversifying their investments, keeping an eye on things, and being patient. Siddharth Mehta IL&FS Former Director and CIO of Bay Capital believes that young entrepreneurs need to know what they're investing in, who they're trying to reach, and what their long-term goals are. They need to have a good business strategy, do market research, figure out who their target audience is, build a team, get funding, focus on the right people, and be able to grow quickly. Lifestyle investment is the practice of purchasing assets that reflect one's values, interests, and preferences. By following successful businesspeople like Siddharth Mehta, it is feasible to ensure a positive outcome. For More Information:- https://www.financialexpress.com/lifestyle/are-you-a-young-entrepreneur-who-is-planning-to-invest-expert-siddharth-mehta-guides-you/3091919/
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Starting a business can be exciting and rewarding but also challenging. Read suggestions by Siddharth Mehta bay capital.
To successfully start and grow a business, you need to research and plan carefully, choose the right legal structure, secure funding, and locate a prime location.
You also need to have a solid marketing strategy and a dedicated team to help you achieve your goals.
#bay capital#siddharth mehta#siddharth mehta bay capital#siddharth mehta il&fs#fintech#business#startup#technology#digitalization#innovation
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Siddharth Mehta Bay Capital CIO and founder says his focus is on companies that help India grow
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