ROCKETPAY

RocketPay stands out as India's inaugural automated credit collection application
PROPOSITION

70-80% of white goods & mobile phones in India are sold on credit with both formal & informal lenders facilitating this.

Formal Financing (Bajaj Finserv and alikes) is still a Tier 1 phenomenon. Tier 3 & Tier 4 are formal credit starved.

Merchants in Bharat use self-financing to grow their sales & overall business. However, traditional merchant-based credit collection is a cumbersome process, requiring physical visits, numerous phone calls, SMS messages, and verbal commitments.

Merchants need efficient financing to grow their business.

RocketPay empowers business owners by streamlining the credit collection process and enhancing their cash flow. It serves as a one-stop digital solution for businesses, making their day-to-day credit collection tasks hassle-free.

category
FINTECH
FOUNDED IN
2022
FuNDED IN
2023
FOUNDERS

Rishav Dokania

Arpit Bajpai

Ishan Sharma

Kishorkumar Chabhadiya

cO-INVESTORS

Blume Ventures

Ramakant Sharma

Kunal Shah

All In Capital

iSeed Venture Capital

Suhail Sameer

JK Organisation

MISFITS THESIS

Formal credit starved India needs tech to make informal credit efficient!

In contrast to the metros, where consumerism is driven by credit card-based EMIs and brand-funded subvention schemes, in small towns, it's the local business owners who are fueling the consumerism wave with their own EMI offerings because of lack of format credit options.

Formal credit is just the tip of the iceberg. Real depth is in merchant underwritten credit given for solving affordability for the real Indian customers.

RocketPay understand the market well & are well poised to win it.

Depth of insights in THE differentiator!

Building for Bharat need much deeper insights than just copying a global product.

RocketPay is built on deep insights around the problems faced by small & medium shop keepers in Bharat (T3 , T4 towns).

Solutions have been built through constant discussions with shop keepers. Product (UI & UX) is designed keeping small merchants in mind. Built for real Bharat.

Merchant acceptance of their solution is testimony to the deep insights it has been built on.

THIS is THE team to build the best Credit management solution!

Founders are ex- Khatabook & have worked on multiple products for SMEs in Bharat.

- Rishav brings in his Marwari business brain and is great at designing business model.

- Arpit is the operations mind who understands how to get work done in T3 / T4 towns.

- Ishan, the designer & product person in the team, is an absolute nerd about RBI regulations & different tech stacks in India (UPI, Account aggregator, Aadhar etc).

- Kishor, the techie, has worked extensively with Arpit and Ishan to bring their vision to life in Khatabook.