BankBazaar.com

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2008
LOCATION: India
Last Update: 19/01/2021

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About

BankBazaar is the worlds first neutral online marketplace that helps people compare and choose financial products such as loans, insurance, credit cards, fixed deposits, saving accounts, mutual funds etc., - over a highly secure, user friendly, and intuitive platform. Founded in 2008 by Adhil Shetty, Arjun Shetty, and Rati Shetty, BankBazaar focuses on harnessing technology to deliver end-to-end paperless transactions which brings huge convenience to customers while helping support the environment. With a supportive customer service team and a growing community of users, BankBazaar is the easiest way for people to compare and purchase the right financial products online. BankBazaar partners with over 80 financial organizations in India that include the largest nationalized and private banks, NBFCs and insurance companies to offer a never before range of financial products and services. Supported by global investors such as Walden International, Sequoia Capital, Fidelity Growth Partners, Mousse Partners and Amazon, BankBazaar is headquartered in Chennai, India, and has offices in Bangalore and Mumbai. Our 1000+ employees are driven by innovation and every day we strive hard to make our customers financial journey as seamless and convenient as possible.

MEDICI Analysis

BankBazaar.com is a online marketplace that gives users customized rate quotes on loans and insurance products. On BankBazaar.com, users can compare the total costs of the loan offers made to him, and get access to unbiased customers' ratings of financial institutions.

Focus

PRODUCTS & SERVICES

Finance Tools,Insurance and loan Advice It provides users with instant customized rate quotes & processing of Loans, cards services, Insurance & investment products

REVENUE MODEL

The company generates revenue by charging commission fee from the partnering financial institutions

MAIN CLIENTS

Loan seekers and retail investors

EXISTING PARTNERSHIPS

HDFC Bank

Axis Bank

ICICI Bank

HDFC Limited

PNB

IndiaBulls

Fullerton

Standard Chartered Bank

SBI

Aegon Religare

Bharti Axa

Bajaj Alliance

L&T

Iffco Tokio

Apollo Munich - To list their product portfolio

COMMENT

Customers have the option to compare financial products from different institutions and apply for the one which suits them perfectly

Traction

VALUATION / MARKET CAP:

$500 M in 2017

COMPANY TYPE:

For Profit

REVENUE

$10M+ in 2014

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$82.8 M

DATE OF LAST FUNDING

Apr 2020

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$10M to $50M

FUNDING SERIES

SERIES A  · $6 M  · Mar 2011

SERIES B  · $13 M  · Jan 2014

SERIES C  · $60 M  · Jul 2015

SERIES D  · $3.8 M  · Apr 2020

LISTED

NO

COMMENT

Venture funding: $.75 M in 2016.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

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AVERAGE VISITS (6 MONTHS)

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MONTHLY VISITS GROWTH

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VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

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PAGE VIEWS VISIT GROWTH

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BOUNCE RATE

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BOUNCE RATE GROWTH

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GLOBAL TRAFFIC RANK

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MONTHLY RANK CHANGE

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MONTHLY RANK GROWTH

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BankBazaar.com

About

BankBazaar.com is a online marketplace that gives users customized rate quotes on loans and insurance products. On BankBazaar.com, users can compare the total costs of the loan offers made to him, and get access to unbiased customers' ratings of financial institutions.

Focus

PRODUCTS & SERVICES

Finance Tools,Insurance and loan Advice It provides users with instant customized rate quotes & processing of Loans, cards services, Insurance & investment products

REVENUE MODEL

The company generates revenue by charging commission fee from the partnering financial institutions

Traction

ANNUAL REVENUE:

$10M+

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

Momentum

FUNDED

YES

TOTAL FUNDING:

$79 M

LISTED

NO

FUNDING SERIES

SERIES A  · $6 M  · ---

SERIES B  · $13 M  · ---

SERIES C  · $60 M  · ---