SBI Chairman Rajnish Kumar’s recent statement that SBI Yono could have been valued between $40-$50 Bn if it were a startup, has definitely raised a few eyebrows.
With a slew of online shopping partnerships and tie-ins with other services, Yono is in the pursuit of becoming a top fintech and lifestyle app with a current total user base of 27 Mn
Competing with the likes of Tata and Reliance in India’s super app race, can SBI Yono overcome its current technical shortcomings and forge an identity independent of SBI in the near future?
“Yono has great potential and can even hit the $100 Bn mark….”
One could already sense a big ‘IF’ coming as Suhail Sameer, group president of BharatPe, delved into the opportunity for SBI Yono.
“..if Yono plays its cards well,” he concluded.
SBI Chairman Rajnish Kumar’s recent statement that Yono could have been valued between $40 Bn – $50 Bn if it were a startup has definitely raised a few eyebrows.
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