Back

Chamarti Sreekar

Passionate about Pos... • 7m

Wedding Loans: Matrimony's Genius Move 💍💸 Matrimony.com just launched WeddingLoan.com, offering loans from ₹1L-₹1Cr with EMIs up to 30 years! This bold step dives into India’s $130B wedding industry—the 2nd largest after food & grocery. Why this is a game-changer: 1️⃣ Big fat Indian weddings are evolving: multi-day celebrations, destination venues, and Insta-worthy moments. 2️⃣ Young Indians prioritize weddings over most expenses. Fun fact: 20% of 20-30-year-olds' loan applications are for weddings—more than travel or business! 3️⃣ High margins: Wedding loans have interest rates of up to 36%—a win for lenders. 4️⃣ Huge ticket size: Avg. wedding loan is ₹4.13L—higher than loans for medical, household, or business needs. Matrimony isn’t just offering loans—it’s solving a real cultural need. Weddings in India are life events, and this fintech pivot feels like a masterstroke. 💭 Thoughts? Why hasn’t the wedding space seen more startup action? Let’s discuss! 👇

0 replies9 likes

More like this

Recommendations from Medial

Dhanush R

Student • 7m

The Indian wedding industry is valued at $130B, which is double the size of America’s $70B market and higher than Sri Lanka’s entire GDP ($85B). The industry is split into three categories: Industry Cycle: Pre wedding: Services like dating app

See More
0 replies4 likes
2
Image Description
Image Description

Arcane

○─○─○ • 10m

Some amazing facts about the Indian Wedding Industry: 🔹Weddings are now the SECOND BIGGEST industry in India! 🔹Indians actually spend more on their child's wedding than on 18 years of education. 🔹On average, they put aside 5x the per capita GD

See More
15 replies15 likes
8
Image Description
Image Description

Vikas Acharya

Building WelBe| Entr... • 3m

Yenmo Raises ₹9.2 Crore to Expand Instant Loan Services Yenmo, a Bengaluru-based startup, has raised ₹9.2 crore in funding, led by Y Combinator with support from Pioneer Fund, Zaka VC, and other investors. What Does Yenmo Do? Yenmo offers instant lo

See More
5 replies11 likes
1
Image Description
Image Description

TREND talks

History always repea... • 6m

💡 Business Idea: Alpaca as a Wedding Witness 🌿 Concept: Bring the charm of alpacas to weddings by making them the special witnesses, adding a unique and adorable touch to the celebration. ✅ Key Features: - Cultural Symbolism: Inspired by a

See More
2 replies17 likes
Image Description
Image Description

Shivam Malhotra

Founder of stockkhat... • 1y

Hey everyone! I'm developing a fintech app with a unique concept: offering 0% interest loans to users. While this sounds great for borrowers, I'm seeking your input on the biggest challenge - ensuring loan repayment. Here's the idea in a nutshell:

See More
17 replies10 likes
1
Image Description

Sarojan Reddy . Ala

Hey I am on Medial • 4m

💭 What’s Your Take on Bridging Indian Weddings and Cultural Tourism? 🇮🇳✨ Indian weddings are more than just events—they’re a celebration of traditions, culture, and family bonds 🎉. But here’s a thought: What if we could open our grand celebration

See More
1 replies4 likes

Pranjal Majumdar

Hey I am on Medial • 4m

"Big Changes in Credit Score Rules by RBI – Here’s How It Affects You!" Starting January 1, 2025, the RBI has introduced new rules that will make credit score updates faster and more accurate. Here’s what you need to know: ✅ Credit Score Updates Ev

See More
0 replies15 likes
Image Description
Image Description

Vivek kumar

On medial • 5m

Crowdfunding is raising small amounts of money from many people via online platforms. It’s ideal for creative or innovative projects. Types include Donation-Based (e.g., Ketto), where no returns are expected, Reward-Based (e.g., Kickstarter), offerin

See More
5 replies7 likes
1
Image Description

Havish Gupta

Figuring Out • 4m

This startup is challenging all the traditional banks! So founded in 2014, UangTeman is Indonesia's instant loan startup founded by Aidil Zulkifli. They offer 30 Days loans of up to $150. What's interesting about it is that in Indonesia, two-third

See More
1 replies15 likes
4
Image Description
Image Description

Sairaj Kadam

Entrepreneur |Founde... • 7m

Hey guys! Just had a realization about how credit really works, and I think it's something every aspiring entrepreneur should know! So, I’m about to dive into my CA studies, and while doing some pre-study research, I came across some pretty crazy in

See More
3 replies3 likes

Download the medial app to read full posts, comements and news.