Episode XLix - Ujjwal Jain, Founder & CEO of WealthDesk

Luck is when hard work, preparation, and perseverance meet with opportunity. Most founders get the hard work and perseverance right, but very few achieve all 3… On the XLix (49th) episode of #DamaniTalks, we had 1 such rare founder! Founder & CEO of WealthDesk, Ujjwal Jain's life journey is a series of forward-looking decisions that got him to founding a top-level fintech startup! Key takeaways from this episode: Ujjwal speaks about growing up in Kolkata, in a middle-class Marwari family. Why did he pursue engineering when he knew that Finance was his calling? After Jadavpur University why did Ujjwal not pursue jobs with the likes of Google and Microsoft, and chose a stint with D.E. Shaw? What does WealthDesk do, and what is WealthBasket all about? It took three years for the team to build the platform; when did Ujjwal know that he was ready to go live? Why did full-service brokers like Motilal Oswal, JM Financial, Anand Rathi choose to partner with WealthDesk, despite being in a similar space? How is WealthDesk helping discount brokers like Paytm Money, Zerodha and Upstox? How is Ujjwal creating a “win-win” for all the different classes of brokers onboard? How is WealthDesk different from competitors like - Smallcase? How did Ujjwal convince his consumers to pay for a service that is otherwise easily available? How is Ujjwal building a brand name for himself? How and why did Ujjwal decide to pump in his own $1M instead of raising funds? Ujjwal’s experience of raising $3.88M. If Ujjwal could turn back time, what are the things he wishes to have done differently? Where does he see WealthDesk in the next 5 years?

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