We speak with Veer Mishra, Founder of Plus, a Bengaluru-based fintech platform aggregating and digitizing "jewellery savings schemes" in India.
Veer gives us a primer on this interesting asset class and describes Plus' offering which includes facilitating discovery of 270+ jewellers nationwide while allowing its customers to plan and save for their next significant jewellery purchase with ease.
Available over Google Playstore, Plus is free-to-use and offers an attractive 10% IRR along with exclusive discounts of up to 15% to its customers.
Approximately 25% of total gold and jewellery sales transpire through various jewellery savings schemes in India, yet the market remains predominantly offline and fraught with challenges. Plus addresses critical hurdles such as exorbitant making charges and the lack of discoverability.
Hope you enjoy this TRANSFIN. Podcast with Nikhil Arora and Sharath Toopran, where we converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other.
The objective is to bring out an "actionable" perspective converging the world of business and investing.
If you're a founder and if you'd like us to drill down your model, feel free to drop us a line at edit@transfin.in
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