Total

Comparative
Analysis
Created By

nextwave.club
Global Startup Health Report

Registered Title
CIN : U12345MH2024PTC567890
www.samplebankingerp.com

About Health Report

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01
1. Basic Information

1.1 Industry

6,398 16%
40,003
Startups in Banking & Financial

Services Startups are in

Banking & Financial Services

Total - 40,033 Startups Registration

1.2 Lifecycle Stage

14,560
Startups are at
36%
40,003

Operationalization Stage
Startups are at
Total - 40,033 Startups Registration Operationalization Stage

1.3 Funding Stage

11,000
Startups are at Seed
27%
40,003

Funding Stage
Startups are at

Total - 40,033 Startups Registration Seed Funding Stage

02
1.4 Offering Type Product
In Your Industry In Your Lifecycle Stage In Your Funding Stage

60% 6,389
36% 14,560
57% 11,000

1.5 Purpose Profit

In Your Industry In Your Lifecycle Stage In Your Funding Stage

54% 6,389
64% 14,560
71% 11,000

1.6 Current Valuation ₹15 Crore

In Your Industry In Your Lifecycle Stage In Your Funding Stage

24% 6,389
24% 14,560
26% 11,000

03
1.7 Customer Focus
6,389 Startups in

Banking & Financial Services

5K
62.4%
4K
Startups in BFS

48.4%
3K 39.5%

2K 27.1%

19.6%
1K

0
B2B B2C B2G B2B2C More than 1

14,560 Startups in

Operationalization Stage
12.5K

10.0K
Startups in OS

51.7%
7.5K
31.5%
5.0K 27.4%

14.8% 17.5%
2.5K

0
B2B B2C B2G B2B2C More than 1

11,000 Startups in

Funding Stage
10.0K

8.0K
Startups in FS

54.1%
6.0K
36.5%
4.0K 32.7%
25.4%
21.6%
2.0K

0
B2B B2C B2G B2B2C More than 1

04
1.8 Incubation Status Incubated
In Your Industry In Your Lifecycle Stage In Your Funding Stage

36% 6,389
72% 14,560
65% 11,000

1.9 Location Mumbai

In Your Industry In Your Lifecycle Stage In Your Funding Stage

7% 6,389
3% 14,560
13% 11,000

1.10 Market Size

Startups having similar Market Size -

10%
Startups Chosen TAM of ₹5,000 Crore

7.5%
Startups Chosen SAM of ₹3,000 Crore

4.2%
Startups Chosen SOM of ₹1,500 Crore

Total 40,033 Startups

05
2. Preparedness

2.1 Industry

6,398 16%
Startups in Banking & Financial 40,003
Services
Startups are in

Banking & Financial Services

Total - 40,033 Startups

06
2.1.1 Customer Type

139 1,887 9,500

Commercial Cooperative
NBFCs
Banks Banks

6,389 Startups in

Banking & Financial Services

250

3.10%
200
Startups in BFS

2.30%
150

100 1.25%

50

Commercial Cooperative
NBFCs
Banks Banks

2.1.2 Pricing Model

07
 6,389 Startups in

Banking & Financial Services

5K

Startups in BFS 4K
48.5%
3K

2K 22.0%

1K

0
Usage Based Subscription
Plan

2.1.3 Current Product Stage

Pre-Production
638 of 6389 Pre-Product
Prototype
2278 of 6389

10%
MVP Stage

Startups in Financial Services are at 934 of 6389 Launched

Pre-Production Prototype Stage

2.1.4 Current Customer Type

1,533 of 6389
NBFCs NBFCs

24% 80 of 6389 Commercial Bank

Startups in Financial Services having 638 of 6389 Cooperative Bank

NBFCs

08
 2.1.5 Marketing Strategy

6,389 Startups in

Banking & Financial Services

5K

4K
Startups in BFS

48.5%
3K
39.0%

2K
22.0%

1K

0
Direct Traditional Digital
Marketing Marketing Marketing

2.1.6 Distribution 2.1.7 Compliances

Direct Distribution RBI Guidelines

Channels Compliance

50% 100%
Startups in Financial Services Startups in Financial Services
chosen Direct Distribution chosen RBI Guidelines
Channels Compliance

09
 2.1.8 Resources Needed
3,386 of 6389
Human Resources Human Resources

53% 2278 of 6389 Hardware

Startups in Financial Services needs 934 of 6389 Software

Human Resource

2.2 Lifecycle Stage

14,560 36%
Startups are at 40,003
Operationalization Stage
Startups are at
Total - 40,033 Startups Registration Operationalization Stage

10
2.2.1 Customer Type

139 1,887 9,500

Commercial Cooperative NBFCs
Banks Banks

14,560 Startups in

Operationalization Stage

500 3.10%

400
2.30%
2.14%
Startups in OS

300

200

100

0
Commercial Cooperative
NBFCs
Banks Banks

2.2.2 Current Product Stage

Pre-Production
4,222of 14,560 Pre-Product

Prototype
3,203 of 14,560 MVP

29%
Startups in Operationalization Stage are 2,145 of 14,560 Launched
at Pre-Production Prototype Stage

11
2.2.3 Pricing Model

14,560 Startups in

Operationalization Stage
10.0K

8.0K 57.4%
Startups in OS

6.0K

4.0K
18.7%

2.0K

0
Usage Based Subscription
Plan

2.2.4 Current Customer Type

NBFCs 1,601 of 14,560 NBFCs

450 of 14,560

11%
Commercial Bank

Startups in Operationalization Stage 934 of 14,560 Cooperative Bank

having NBFCs

12
2.3 Funding Stage

11,000 27%
Startups are at Seed 40,003
Funding Stage
Startups are at

Total - 40,033 Startups Registration Seed Funding Stage

2.3.1 Customer Type

139 1,887 9,500

Commercial Cooperative NBFCs
Banks Banks

13
 11,000 Startups in

Seed Funded Stage

1,000 8.65%
Startups in Seed Funded Stage

7.48%
800

600
4.86%
400

200

0
Commercial Cooperative NBFCs
Banks Banks

2.3.2 Pricing Model

11,000 Startups in

Seed Funded Stage

10K
Startups in Seed Funded Stage

8K

6K
37.4%
4K 28.7%

2K

0
Usage Based Subscription
Plan

14
2.3.3 Current Product Stage

Pre-Production
2,970 of 11,000 Pre-Product
Prototype
2278 of 11,000

27%
MVP

Startups in Seed Funded Stage are at 3,408 of 11,000 Launched

Pre-Production Prototype Stage

2.3.4 Current Customer Type

NBFCs 1,870 of 11,000 NBFCs

845 of 11,000

17%
Commercial Bank

Startups in Seed Funded Stage having 797 of 11,000 Cooperative Bank

NBFCs

15
3. Traction

3.1 Revenue and Expenses

₹75 Lakhs ₹60 Lakhs

Revenue Expense

80

75

70

65

60

55

50
Q1
Q2
Q3
Q4

(Apr-May) (Jun-Aug) (Sep-Dec) (Jan-Mar)

Revenue Expenses Values in Lakhs

3.0

2.5

2.0

1.5

1.0

0.5

0
2021 2022 2023

Revenue Expenses Values in Crore

16
 6,389 Startups in

Banking & Financial Services

Startups in your Industry 100%

80%

60%

40%

20%

14,560 Startups in

Operationalization Stage
Startups in your Lifecycle Stage

100%

80%

60%

40%

20%

1,789 Startups in

Seed Funding Stage

Startups in your Funding Stage

100%

80%

60%

40%

20%

17
3.2 Customers Served (Lifetime)

400-600 Customers

6,389 Startups in

Banking & Financial Services

100

80
No of Customers

1.25%
60

40 2.30%

20

0
Q1
Q2
Q3
Q3

(Jan-Mar) (Apr-May) (Jun-Aug) (Jun-Aug)

6,389 Startups in

Banking & Financial Services

250
3.10%
200
No of Customers

150 2.42%

100 1.25%

50

0
2021 2022 2023

18
 Startups Served Similar Number of Customers

In Your Industry In Your Lifecycle Stage In Your Funding Stage

60% 6,389
37% 14,560
42% 11,000

Startups Served Higher Number of Customers

In Your Industry In Your Lifecycle Stage In Your Funding Stage

41% 6,389
60% 14,560
28% 11,000

3.3 Customer Agreement

₹7.5 Crore 15
Total Value No. of Agreements

Startups Having Similar Agreement Value

In Your Industry In Your Lifecycle Stage In Your Funding Stage

39% 6,389
27% 14,560
24% 11,000

19
3.4 Letter of Intents

₹5 Crore 10
Total Deal Size No. of LOIs

Startups Having Similar Deal Size

In Your Industry In Your Lifecycle Stage In Your Funding Stage

28% 6,389
32% 14,560
39% 11,000

Startups Having Higher Deal Size

In Your Industry In Your Lifecycle Stage In Your Funding Stage

42% 6,389
38% 14,560
48% 11,000

20