Hello readers, today in our Startup Interview series, we are publishing an interview with Mr. Sankarsh Chanda, Founder at Savart.
Let’s get into it!
At a glance
- Startup name: Savart
- Sector: Finance
- Launch Date: 1 June 2018
- Location: Hyderabad
Hi Sankarsh, Could you brief our readers about the startup and the motive behind it?
Savart is investment research & advisory platform that helps people make smart decisions with equity, debt investments. Our experts and the platform help you with everything from financial planning to execution of the financial goals.
My experience as a freelancer and working with a few other investors led me to understand that there are millions who don’t invest an equal number of those who do not have a valid reason to not do it.
I set about to find it through my market research, inspired by my mentor & what I found was amazing. This survey changed a lot of things for us – from the kind of product that came out to the vision & mission of savart.
About the Founders?
I am the only founder of the company. I started investing around 6 years back and loved doing it. I started working with clients to build investment strategies and charged them money. When they worked well, the idea of advice and having a full- scale business lifted off in my mind. In the past couple of years, I have worked on making this dream come true.
What has been the biggest challenge for your startup in initial stages?
- Building trust with clients especially given that we are a new market entrant.
- Working with multiple partners and regulators to get them on board.
The positive output we got today is that the company is registered as a corporate investment advisor with SEBI (Securities & Exchange Board of India), as a distributor with AMFI & as a platform partner with BSE (Bombay Stock Exchange).
Who is your Targeted audience?
Almost anybody who has a small saving and the urge to invest in our target audience. We have a diverse clientele’ ranging from retail investors to corporate entities. However, we prefer those clients with a long-term horizon of investments and those who believe in our investment philosophy.
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What type of strategies do you think is valuable to take the company to the next level?
Keeping our pricing competitive, services inclusive & marketing extensive – is our key motto right now.
Tell us about your amazing team members?
We have some great people working with us. Our research team is quite young and have been joined by Anit, a recruit from IBS, Hyderabad. My college mate, Ranadeep, heads our sales now & we have around 20 other members working full and part-time from Pune, Mumbai & Bangalore.
How do you plan to sustain your place in the market?
The one of a kind part of our uniqueness is that everyone knows it, yet no one pays regard to it – it is to ‘Recognize lovely organizations, direct research, contribute and remain quiet for a long, long time’; This is a straightforward (yet difficult) mystery that drives our tech, research, individuals and procedure.
What is your best motivation line that inspires you?
There is nothing in particular. But the mission to get as many people invested profitably, identify brilliant businesses and achieving goals is what keeps us running.
Could you share some of your startup statistics so far?
We have raised money from a clutch of businessmen, professional investors and our current funding round is also on the verge of closing soon.
Our client acquisition so far has been completely organic & revenues are steadily increasing now. Our focus is to work with clients who have a long term horizon and can wait for the results of our unique research to play out.
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What are your future plans?
To expand our Services. To start PMS, offer more products to the customers and probably start our own brokerage to make it easy for our customers.
What advice would you like to give the upcoming entrepreneurs?
Follow your Dreams. You have stepped into the business world which is not easy but not impossible. Has your Aim pasted on the wall in front of you just to remind what you have started the business for?