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.
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.
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.
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.
interview with Startup Terminal; Yash
Sharma, CEO, QuickForex shares insight about his venture and future goals.
Excerpts:
ST: What was your inspiration behind starting up a new
venture?
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.
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.
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.
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?
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.
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!
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?
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.
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.
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.
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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