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As operator of the infrastructure for. When they discussed this with a few more travellers, they realised that the challenge is predominant and there is no easy way to address this pain point.
Prior to this, the trio had brainstormed on a platform to connect buyers and sellers in a different vertical but they could not find the right niche. Thus was born CashKumar. So we spent a lot of time with names and took inputs from friends and forums on what would they associate with the names we had thought of. But they had the urge to start something exciting. He had started a company after his masters from IIM, Ahmedabad, but had to close operations due to personal reasons.
As a team, we bring complimentary skills to the table and have explored a few ideas before hitting upon CashKumar which we believe will take us a long way. Cashkumar is an online aggregation platform for Forex vendors to help customers maximize from each Forex transaction, and at the same time help Forex vendors reach a larger customer base. A customer on Cashkumar places a request for the currency type, quantity etc. The traders have about 15 minutes to respond to this query after which the best bid is shared with the customer.
On confirmation by the customer, the coordinates and the contact details are shared with the customer and the trader. We have designed a simple interface that is easy to follow. This has been productive in Bangalore and we now intend to replicate this in Mumbai and Pune over the next couple of months.
Going forward, we would look at emerging markets where the Forex, as a market, is unorganised with a significant variation in quotes from Forex partners. The team is looking at multiple sectors that require the service.
Remittance and Demand Drafts play an important role for students travelling overseas as well as in medical tourism which will be one of our key focuses over the next few months.
In India, BookmyForex, which follows a different business model as compared to CashKumar, is a well-known Forex online site. They are using it to get the right talent on board and also explore the right marketing initiatives. The team has launched their website today. Go show them some love and share your feedback in the comments section. Do you offer AI-based solutions for commercial use?
Get recognition, mentorship and much more. AI, ML will be game-changers in online retail: Focusing on three key metrics, Flipkart SmartBuy aims to reach 35 categories by July. When he is not over-analyzing random stuff, Abhash likes to read a lot and write a little.
He has helped co-found Gyan Lab, an education startup while still at college. Most of the time, you can find him hanging out with startuppers and go-getters. YourStory brings to you stories of entrepreneurs and small business from all over India read more.
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