Reliance will earn more than just a fee now and could snatch away business from rivals. GEO is backed by Reliance so it will have top-notch credit rating of AAA from the get-go. Despite all these tailwinds, there's still massive competition in this space. Bajaj finance and Paytium shares dropped in value after announcement.
In today’s episode for 15th July 2023, we dive into Reliance’s latest attempt to demerge its financial services division and maybe disrupt the industry.
Before we begin today's episode, here's a quick side note —
Building a successful startup from scratch is tough; building two? Even tougher.
In our latest YouTube video, we’re sharing our experience of building Finshots & our insurance advisory platform Ditto. And, it’s a story every aspiring entrepreneur should hear.
Learn about the challenges we faced, mistakes we made & the stroke of luck that led to Zerodha’s support.
Check it out now - https://www.youtube.com/watch?v=g1uKX0DDXLI