Bussiness Ideas

Khashsoft Technology Private Limited is building Comity — India's first need-based community finance marketplace where anyone creates digital money pools and accesses funds through transparent bidding without high interest loans. India has 18-36 Crore people participating in informal committee systems — pooling money together within trusted groups and accessing funds when needed. These committees operate on WhatsApp and paper with zero transparency, zero digital protection and high fraud risk. Simultaneously millions of Indians pay 24–60% annual interest on loans for urgent needs like shop restocking, wedding expenses, education fees and medical emergencies — needs that community pooling could solve without any interest. Comity digitizes this existing behavior and transforms it into a safe, transparent and fully automated digital platform. Users create or join digital committees, contribute small monthly amounts starting from just ?5 and access pooled funds based on urgency through a transparent bidding system. The member who needs money most places the lowest bid and wins funds first — ensuring the most urgent need is always served first. Platform automatically handles all payments, calculations and distributions without any manual intervention. Unlike chit fund apps that focus on savings, Comity is need-based. Unlike loan apps charging high interest, Comity is community powered and interest free. Unlike WhatsApp committees that are manual and fraud prone, Comity is fully digital, automated and secure with committee insurance protecting every member. Comity is not a chit fund. It is a peer-to-peer community finance marketplace with 17 unique features including urgency-based bidding, ?5 minimum entry, open committee creation, emergency fast track committees, community credit score builder, regional language support and employer group onboarding. Revenue is generated through 1% platform fee per member charged only when member receives funds — plus subscriptions, transaction fees and employer onboarding charges. This pure platform model carries zero lending risk and scales automatically with user growth. Validated globally by MoneyFellows which built ?2,000 Crore valuation with same model in Egypt — India is 14x larger market with no dominant digital player. Comity is building now to capture this massive first mover opportunity targeting 36 Crore Indians and 200 Crore worldwide users.

Startup Teams

• 1 Shiv Yadav (Founder)
• 2 Harsh Bardhan (Director)

Incubation Details

• Incubator Name
  ATAL INCUBATION CENTRE BIMTECH
• Incubator Host Institution
  Birla Institute of Management Technology
• State
  Uttar Pradesh
• City
  Gautam Buddha Nagar