Stockify Announces Ambitious Expansion and Growth Milestones
As a prominent customer-oriented platform for unlisted or pre-IPO shares, Stockify has advanced significantly since its foundation in January 2022. Within just two years, the enterprise has remarkably reached sales of 85 crore by March 2024, demonstrating a trajectory of rapid growth and success. Stockify’s journey reflects a profound commitment to serving its clients and scaling new heights in the financial services domain.
Piyush Jhunjhunwala, CEO of Stockify, shares an optimistic outlook on the future, stating, “Our vision for Stockify’s future is both ambitious and attainable. We will focus more on innovation, expansion, and strategic partnerships, to achieve our growth targets and serve our clients better.” With an eye on steering the company towards new horizons, these words from the CEO hint at an exhilarating future for Stockify and its stakeholders.
Embracing a forward-looking approach, Stockify has laid out comprehensive strategic growth initiatives aimed at the next three years. The agenda focuses on augmenting business operations, reinforcing market presence, and unveiling novel services to cater to a broader clientele. A crucial component of these plans includes a funding endeavor, with Stockify aiming to raise USD 2 million by December 2025 to fuel these expansion strategies and achieve milestone targets.
In an effort to consolidate its foothold in the Indian market, Stockify announces the inauguration of a new office in Kolkata by July 2024. This move is part of a broader strategy to augment its operational base and enhance service delivery across the region.
The pillar of Stockify’s strategy rests on innovation. With plans firmly in place, September 2024 will witness the launch of a Mutual Fund portal, followed by a Bond portal in December 2024. These initiatives are designed to streamline access to a host of investment opportunities, making Stockify a comprehensive hub for investors.
Moreover, expanding its B2B partnerships is a key objective for Stockify. The company aims to escalate its collaborations with banks and wealth management advisory firms, increasing the count from five to fifteen by December 2024. An ambitious endeavor to set up a fund in Gift City Ahmedabad is also on the agenda, with a target fund size of USD 10-15 million by December 2024.
As Stockify looks to the future, plans are underway to establish a new office in the USA by 2025. The company projects a revenue goal of 150 Crores, alongside a net profit after tax ranging between 7-8 Crores, underlining its confident stride towards growth and profitability.
Stockify Fintech stands as a beacon in the pre-IPO share market in India, facilitating early investments for investors looking to maximize their wealth. Offering a broad spectrum of financial solutions including startup funding, mutual funds, bonds, NCDs, and insurance-linked investments, Stockify is dedicated to innovation and excellence in financial services.
With a comprehensive growth strategy and a forward-thinking vision, Stockify is poised for continued success, aspiring to redefine financial services and investment opportunities for its clients well into the future.
