Foxsky, founded in 2019 by the ambitious entrepreneurs Manish Bhardwaj and Sachin Bhardwaj with the vision of “innovation for everyone” has reached a golden milestone of crossing INR 2500 million in the FY 2022-2023. Their aim to make high-quality products with cutting-edge technology accessible for everyone. They’re aiming for INR 5000 million in revenue by FY 2024-25. The company is completely bootstrapped to the revenue of INR 2500 million and pan-India presence. Manish and Sachin Bhardwaj, Foxsky Globally, the markets were drowning in the pandemic circumstances during 2020-21. Foxsky, however, reaped profits tiding against the odds sustainably. It never went through negative sales or ran merely behind valuations. Hence, it is marking remarkable growth with solid business fundamentals. The bootstrapped company has mastered the art of building sustainable and profitable business rather than chasing fancy valuations. Foxsky is now up to launching a novel design in the semi-automatic washing machine to ease the lives of customers. The company is also planning a new launch of top-load fully automatic washing machines in 7 kg and 8 kg variants. Besides, they have promised that you can expect a new range of lifestyle accessories from the house of Foxsky. Foxsky has etched its name in the minds of Indian consumers by manufacturing hardware, software, and internet services of remarkable quality. One of their exceptional trademarks is their attitude towards their consumers interests. Foxsky always tries to incorporate their consumers’ feedback into their product range and that’s one reason for the widening of their products spectra. The company has made itself available to the customer’s concerns, grievances, and interests. From April 2020, Foxsky started focusing on both offline and online sales channels in India. The foresight of the company heads saw light with the accomplishment of the set goals. Before going online, Foxsky already had revenue of INR 100 crore from its offline distribution channels. And now they are beyond those figures. From Ghaziabad, Foxsky reached a nationwide presence and is on its way to becoming a global brand. Needless to say, offline sales were also on the surge, reaching more than 15,000 retailers. Foxsky grew immensely last year through several rounds of sales of large appliances through online platforms. Now that the company is associated with various online shopping platforms like Reliance Jiomart, Reliance Digital, Croma.com, Arzoo, Udaan, Lulu Group, and Amazon, expanding its reach to customers. Foxsky has also started its own ecom site Foxskyindia.com to provide customers with a better user experience. They have proved themselves in selling high-quality products at highly competitive pricing that Foxsky is now trusted as a good brand for home appliances. Foxsky had already set its focus on retailing mobile accessories with its Appario retail connection and large appliances with its Dawnetch connection. They established their full-fledged presence on Amazon in April 2020. Starting from Google Certified TVs, and washing machines, Foxsky has a wide range of consumer electronics categories. Foxsky accomplished its goal by selling more than 10,000 appliances during its first sting on Amazon. They keep innovating new technology and adding new features to their products to ease the customer’s use and to save time. They make sure that these highly advanced products are also affordable for their customers. The companys popular products to hit Amazon were the Google-certified TVs. This year Foxsky is planning an automatic washing machine segment too. The history of Foxsky’s quality of products and best customer service makes the customers wait for the new launches. Foxsky’s services are excellent customer support, a credible seven days replacement policy validated by customer reviews, free shipping on all orders in pan India, and a 100% secure payment channel. Customer satisfaction is also great as per the reviews and product ratings across e-commerce platforms. Foxsky has created a brand image and the company is making astonishing revenues despite being completely bootstrapped. Foxsky will start inviting investors to join hands and reach the target to be the No.1 TV brand in India by 2026.

Bajaj Markets, a subsidiary of Bajaj Finserv, has partnered with leading financial institutions to provide individuals with savings and investment products that suit their unique requirements. One can choose from a suite of different products spanning Fixed Deposits (FD), Mutual Funds (MF), US Stocks, National Pension Scheme (NPS), and Sovereign Gold Bonds (SGB).

Choose products that suit every investment and saving goal on Bajaj Markets

Fixed-income instruments such as fixed deposits or sovereign gold bonds offer assured returns, which is why they’re the preferred choice of savings instruments in India. However, according to the research conducted by CRISIL in 2022, Indian households are looking to move beyond savings, as they seek higher returns. In the quest for new asset classes that yield higher returns, most Indian investors are now turning to mutual funds and tax-saving instruments like the National Pension Scheme (NPS).

Industry-leading partners for wealth creation on Bajaj Markets

Bajaj Markets has partnered with leading financiers to help people build wealth and achieve their financial goals. On this platform, individuals can start browsing and comparing different savings and investment opportunities on Bajaj Markets. Here’s a look at the different partners on this platform:

Savings and investment opportunities available on Bajaj Markets

For those looking to grow their wealth, Bajaj Markets is a one-stop destination for different types of savings and investment options. Here’s a look at the different products one can explore on this platform:

Fixed Deposit

One can earn interest rates up to 8.60% p.a* and also reap these benefits:

• Flexible tenors ranging from 12-120 months
• End-to-end paperless application process
• Facilities such as loan against FD, nomination and auto-renewal

Mutual funds

Invest in direct mutual funds at zero commission and enjoy other benefits such as:

• Free and instant account opening process
• Convenient process for setting up the account
• Detailed performance insights of the portfolio

US Stocks

Start trading with just $1 and benefit from:

• A user-friendly platform to start investing in global markets
• Simplified digital onboarding process
• State-of-the-art encryption protocols for a safe investment process

National Pension Scheme (NPS)

Open an NPS account with a completely digital process and enjoy features like:

• Tax benefits under Section 80CCD
• Superannuation fund transfer without tax implications
• ​​Subsequent contributions to an NPS account through a simplified portal

Sovereign Gold Bond (SGB)

SGB is available for subscription when the tranche is open. Subscribers can benefit from a discount of Rs. 50 per gram and enjoy these benefits:

• Fully digital, 3-step investment process
• An investment that can be used as a loan collateral
• Investment in gold without the hassle of managing physical assets

In addition to the above-mentioned list of products, one can look to open a demat account for free. Those traveling abroad can also apply for a forex card – a safe and convenient way to carry foreign currency, on Bajaj Markets. These diverse choices make it easy for individuals to start investing or to grow their savings easily through this platform.

About Bajaj Markets
Bajaj Markets, a subsidiary of Bajaj Finserv, and one of the fastest growing fintech in India, is a one-stop digital marketplace that offers multiple financial products across all categories – Loans, Cards, Insurance, Investments, and Payments. Bajaj Markets has partnered with some of the most trusted names to offer choices to its customers and help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Markets has since then, built a very strong business as a techfin. Its technology services businesses are built on its core capabilities in consumer insights, technology, and data analytics. Its first B2B SBU, Skaleup, has been created to become the leading digital technology services provider in India through deep domain expertise and execution capabilities.

Bajaj Markets has built a new business unit to become the preferred partner for digital technology initiatives across all group companies of Bajaj Finserv. Herein, the strategy is to align with the digital technology roadmap objectives of all the group companies of Bajaj Finserv and offer digital technology services and platforms at market competitive rates.

Visit www.bajajfinservmarkets.in or download the Bajaj Markets app from Play Store or App Store. With Bajaj Markets, “Ab Choices Hue Aasaan”.