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Chamarti Sreekar

Stealthย โ€ขย 3m

Wedding Loans: Matrimony's Genius Move ๐Ÿ’๐Ÿ’ธ Matrimony.com just launched WeddingLoan.com, offering loans from โ‚น1L-โ‚น1Cr with EMIs up to 30 years! This bold step dives into Indiaโ€™s $130B wedding industryโ€”the 2nd largest after food & grocery. Why this is a game-changer: 1๏ธโƒฃ Big fat Indian weddings are evolving: multi-day celebrations, destination venues, and Insta-worthy moments. 2๏ธโƒฃ Young Indians prioritize weddings over most expenses. Fun fact: 20% of 20-30-year-olds' loan applications are for weddingsโ€”more than travel or business! 3๏ธโƒฃ High margins: Wedding loans have interest rates of up to 36%โ€”a win for lenders. 4๏ธโƒฃ Huge ticket size: Avg. wedding loan is โ‚น4.13Lโ€”higher than loans for medical, household, or business needs. Matrimony isnโ€™t just offering loansโ€”itโ€™s solving a real cultural need. Weddings in India are life events, and this fintech pivot feels like a masterstroke. ๐Ÿ’ญ Thoughts? Why hasnโ€™t the wedding space seen more startup action? Letโ€™s discuss! ๐Ÿ‘‡

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