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QuickForex helps its customers to buy forex for several purposes using Digital Platform

ST Bureau
New Delhi

QuickForex is India's first e-commerce initiative in retail foreign exchange and international money transfer, offering customers with complete services of forex products consisting of currency notes, prepaid travel cards, travellers cheque, demand drafts and wire transfers in the most inexpensive and convenient way, i.e., through Digital Media.

Keeping in trend with the times Yash Sharma, CEO of the company came up with the idea of using all available Digital platforms for making money transfers, tours & travel an amazing experience. From the forming up of a completely dedicated team working on Social Media to building up exclusive strategies for customer satisfaction, Yash has shown keen interest and involvement in all work stages.

QuickForex helps its customers to buy forex for several purposes such as Personal Travel, Business Travel, Education, Emigration, Employment, Medical, etc. through simple and convenient use of any Digital Platform.

In an exclusive interview with Startup Terminal; Yash Sharma, CEO, QuickForex shares insight about his venture and future goals.


ST: What was your inspiration behind starting up a new venture? 

Yash Sharma: Well I won’t call it an inspiration but there was this constant need of easy Travelling that kept me motivated and over involved to find a solution to it. I checked with a lot of agencies for the same but none were having everything in one platter to serve. My father already had a Currency Exchange business, so I knew all basics of it since my early years. When I discussed my interests with my father with the solutions in hand he was surprised and immediately thought of getting this started.

Yash Sharma, CEO, QuickForex

ST: Please tell us more about your organization.

Yash Sharma: QuickForex was established in 2015 as an E-commerce website. The reason that I decided to make the company digital was because of the growing trends of Internet and reach and availability of new media. An online process is one which can be accessed by any individual at any time anywhere. Money is also such a necessity which can be needed at any time anywhere. Therefore I decided to pick up this online venture so that it becomes easily accessible to all.

We provide a variety of services to our customers catering to all their travel needs. Some of our best services (apart from currency exchange) include Hotel Bookings, Air Tickets, and customized Luxury Travel packages, Travel Insurance, Foreign Education, Remittances, Medical Travel and Traveler’s Cards. All these services are best accumulated with our premium offers of wire transfers, doorstep delivery services and minute-by-minute update of the forex market.

ST: What business opportunities do you see particularly in your sector- Forex?

Yash Sharma: See let me clarify that Forex is not the only sector that we deal in, that is just the beginning of the complete travelling solutions we’re having. Any person who wants to Travel or wishes to send Money abroad whether for Business/ personal purposes can reach us. People who are looking to for Medical Treatments, Education or Leisure abroad are our potential customers. We have all things anyone would require in terms of Travel, plus we keep up with trends so in case there’s some new stuff gaining popularity we look out for ways of including them.

ST: How has been your entrepreneurship journey so far? 

Yash Sharma: The journey so far has been very exciting. We have faced a lot of ups and downs. From struggling to get a single investor, we have now reached a point where we are dealing in transactions leading up to 1 crore every day. We have reached many breaking points and have also witnessed high-achievements points. So yeah, you can say that it has been one hell of a roller-coaster ride!

ST: As an entrepreneur, what challenges do you face in your day to day professional life, if any?

Yash Sharma: I guess I faced some of the biggest challenges during those initial months. It was hard getting funding. Many were not even ready to entertain our proposal. Nobody was interested in investing in a currency exchange unit and to top that ours was an E-commerce initiative. The only reason I stood up after each time I was pushed down was because I was utterly dedicated to this project. I just kept saying to myself that “if it was easier then everybody would’ve been doing it”.  My parent’s support was a huge boost for me at that time.

ST: How big is your team? Are you planning to hire more?

Yash Sharma: I practically started this company single handedly in 2015. However over a mere span of a little more than a year, we have now managed to become a team of some 25 people. And I must add that I have been very lucky in terms of gaining team members. They are some very hard working and intellectual people.

ST: What are your future plans? 

Yash Sharma: Currently we are working on branching out our offices. We’ve already started our regional offices in Delhi, and then we would be spreading over Pan-India. Gradually our aim is to establish ourselves as a global brand. 

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