Incepted early this year, GNB derived from “Group N Buy” is India’s first ever group buying website for financial products offering group discount on loan requirements. The unique concept of GNB India was co founded by three innovators Ashish Jeph, Siddharth Gupta & Chandan Juneja, veterans from banking and finance industry.
Ashish Jeph has a rich experience of more than 6 years in the banking and financial services space. His professional experience spans across various departments in Standard Charted bank with extensive experience in assets & liabilities division.
A Chemical engineer from Panjab University and a management graduate from the coveted IIM – Kozhikode, Ashish exude exceptional entrepreneurship abilities.
Before embarking on his entrepreneurial journey, Ashish served as product manager for Fund & portfolio Solutions (wealth management) & Alternative Investment solutions for the Investment Advisory unit for Standard Charted bank.
The business model of GNB India has been conceptualized to aggregate likeminded people interested in taking loans and then negotiate group discount with the banks/financial institutions to get better than market deal for the consumers. It is a win - win situation for both consumer and the financial institutions as consumer get a better than market deal and in return financial institutions gets business in bulk. GNB does not charge its customers any fee for the services provided.
GNB uncompromisingly negotiate deals with various financial institutions for the groups and publish very attractive deals for the consumer which in turn results in huge amount of savings for the consumer. GNB vision is to help the consumer save their hard earned money while taking a loan. Their main aim is to develop a huge base of consumers who can help each other by coming together to form a group and save money.
GNBIndia.com relies on the age old concept of buying in bulk and consequently getting a discount. It aggregates likeminded people interested in taking loans in various categories through internet and then negotiate group discount with banks/ financial institutions. It is a win – win situation for both consumer and the financial institutions as consumer get a better than market deal and in return financial institutions gets business in bulk.
To assist customers on their home loan requirements, GNBIndia.com has entered into a strategic tie up with Groffr.com, a group buying portal on Real estate. The proposition works out very well with the clients as they save money on two accounts: While buying home via groffr.com, clients get the group discount and secondly while taking home loan, clients get the group discount on home loan through gnbindia.com.
With huge number visiting the website and using the services, it is safe to assume that Group buying concept is here to stay.
Currently the service is available in cities like Delhi/NCR, Mumbai & Jaipur.