Stocks have always been said to be a way for earning big money. But, in reality it's not that easy. Not only does it require a high level of patience, but also a sound understanding of the market.\r\n\r\nHowever, it has been seen that most of the time investors do not suffer because of the market fluctuations, but rather due to the lack of proper knowledge and timely tips from experts, which finally results in low returns and sometimes, even a goodbye to the stock market.\r\n\r\nIn order to solve this bottleneck problem of finding the best stock analyst, Kanak Shah came up with his brainchild, TipBazaar.com with his team including Arvind Birmi, Rohit Jain, Ashish Jain and Soham Gala.\r\nHow it works?\r\nTipBazaar is an analytical marketplace which offers stock market analysts a platform to list their tip packages. At the same time, it allows investors to subscribe to these packages after a verified comparison of performances.\r\n\r\nIt works with a Real-Time Fetching Engine which will fetch the Real-Time tick data from the exchanges for the active tips, organize the data and store it. Also, there is a Key Performance Indicator Evaluation Engine which performs the real-time tracking of status of tips and calculates Key Performance Indicators for Tips, Analyst and their packages.\r\n\r\nWhere some packages come with a freemium model, some are only on paid basis. The revenues are earned by charging analyst certain commission on any subscription of the package.\r\n\r\nCurrent Status\r\nBased in Mumbai, the startup is currently in private beta phase. \u201cWe are planning to launch the platform in mid of September and start acquiring the paid customers,\u201d said Kanak.\r\n\r\nThe platform is testing with 60+ actual trading users and 10+ stock analysts who constantly give tips. The team has a funding of INR 15 Lakh from family to research to make the platform. Also, they have filed a patent for \u201cA Market-Tip rating system and Method\u201d in year 2013.\r\n\r\n\r\nUSP - First movers in the category\r\nAs claimed by Kanak, currently there isn\u2019t any such marketplace for stock market tip providers where they can list packages, give tips and focus on their core research work. Although, there exists platforms like Milkorwater.com and Moneycontrol.com, where analysts share their views on stocks. However, they lack real-time tracking of tips and packages.\r\nBreak even and fund raise\r\n\u201cWe will be cash positive after we sell 10000 Tip packages. Also, as platform is getting ready to launch this month, we are starting our activities to raise the funds. \u201d said Kanak. The team plans to invest the raised funds in Marketing and Technology development as well as in vendor aggregation and maintaining fixed costs.\r\nChallenges ahead\r\nConsidering the present unorganized stock market and lack of standardization in tip formats, luring and convincing day traders to adopt this platform would be a bit difficult. Also, as per the founder, finding the \u201cDabba Traders\u201d who does not have any Security account and still trades would be a challenge.\r\nNear Future Plans\r\nThe company will soon bring up the mobile app where analysts can give the tips in seconds and customers can compare, analyze and subscribe via app only.